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News: Banks and Finance - Liquidity Provider: FinTech Media

News: Banks and Finance

In this dedicated space, one can explore a wealth of knowledge encapsulating the domain of Banking and Finance. Designed to cater to the curiosity of those captivated by the banking industry and finance fans alike, it delves into various subjects from the workings of central and commercial banks to the innovative realm of fintech startups. Additionally, it sheds light on macroeconomic aspects such as inflation and financial crises, providing a comprehensive perspective on financial trends and developments.

Here's something to be excited about: more Americans than ever before have $1 million or more in their retirement funds. According to the latest numbers from Fidelity Investments, this is the case.

Opinion: More Americans Have $1 Million Saved For Retirement Than Ever Before Here's something to be excited about: more Americans than ever before have $1 million or more in their retirement funds. According to the latest numbers from Fidelity Investments, this is the case.

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Biden is Risking an Oil-Price War

Biden is Risking an Oil-Price War President Biden's decision to release oil from a national reserve should bring some comfort to drivers who are paying an average of $3.50 per gallon to fill up. The recovery from the economic slump has been slowed by a 50 percent increase in gasoline costs over the last year, angering drivers. Gas prices will be pushed lower as more oil is released into the market.

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Goldman Sachs: Use These 5 High Growth Stocks To Shield Yourself From Rising Interest Rates

Goldman Sachs: Use These 5 High Growth Stocks To Shield Yourself From Rising Interest Rates The stock market is often threatened by rising interest rates, but not all equities are created equal. According to Goldman Sachs, one sort of stock should keep going well as interest rates rise: high-yield growth stocks.

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With China's 7 Week Port Quarantine, The Supply-Chain Crisis Is Just Getting Worse

With China’s 7 Week Port Quarantine, The Supply-Chain Crisis Is Just Getting Worse China's more strict Covid Zero laws are impeding the maritime industry's complete recovery and worsening a crisis that has clogged ports and depleted stores globally.

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Japan Will Spend $313 Billion In Additional Budgetary Funds Due To Tax Revenue Overshoots

Japan Will Spend $313 Billion In Additional Budgetary Funds Due To Tax Revenue Overshoots Japan is likely to submit an additional budget for fiscal 2021 on Friday, with spending of $313 billion, according to a draft obtained by Reuters, while maintaining market issuance of interest-bearing bonds stable as it concentrates efforts to mitigate the impact of the coronavirus outbreak.

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China Asks Didi to Delist From U.S. On Security Fears

China Asks Didi to Delist From U.S. On Security Fears According to sources familiar with the case, Chinese officials have ordered Didi Global Inc.'s senior executives to design a strategy to delist from U.S. exchanges, an extraordinary request that is certain to reignite anxieties about Beijing's ambitions for its colossal tech industry.

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One of America's Youngest Billionaires Details His Big Financial Mistake

One of America’s Youngest Billionaires Details His Biggest Financial Mistake Sam Bankman-Fried may have made his wealth by starting crypto exchange FTX, but he is still learning about some elements of the industry. Indeed, according to Yahoo Finance, the 29-year-old billionaire's worst financial blunder was waiting too long to enter the crypto craze. Discover
Europe's Gas Crunch Shows Little Sign of Easing

Europe’s Gas Crunch Shows Little Sign of Easing This winter, consumers in the European Union and the United Kingdom may face even higher gas prices as Russian gas flows via main transit routes prove to be too little, too late.

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Inflation Data, Black Friday Sales: What to Know This Week

Inflation Data, Black Friday Sales: What to Know This Week Investors will receive a slew of new economic data and company announcements during this holiday-shortened week. New inflation statistics will be extensively scrutinized, and preliminary data on Black Friday sales will provide merchants with an early indication of Christmas buying momentum.

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Asia-Pacific Stocks Fall As Shares of Japan's Automakers Slip

Asia-Pacific Stocks Fall As Shares of Japan’s Automakers Slip By Wednesday's close, Asian markets had fallen across the board, with data indicating Japan's export growth had fallen to an eight-month low. Markets in the United States, on the other hand, were buoyed by better-than-expected retail sales figures.

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IBM CEO Says Inflation Fears Could Trigger 'Some Chaos'

IBM CEO Says Inflation Fears Could Trigger ‘Some Chaos’ Arvind Krishna, the CEO of IBM, told CNBC that he is "always concerned" about inflation and warned of potential disruption ahead. "With all of the liquidity and worries of inflation rising, it can produce some chaos," Krishna told CNBC on Monday when asked what keeps him awake at night.

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Kashkari Says Fed Shouldn’t Overreact to Temporary Inflation

Kashkari Says Fed Shouldn’t Overreact to ‘Temporary’ Inflation President of the Federal Reserve Bank of Minneapolis, Neel Kashkari, stated that the Federal Reserve should not overreact to inflationary pressures that are likely to be transient.

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China Evergrande Averts Default Again but Debt Woes Mount

China Evergrande Averts Default Again but Debt Woes Mount For the third time in less than a month, the world's most indebted property developer, China Evergrande Group, avoided a disruptive default at the last minute, according to a source on Thursday who said many bondholders had received missed coupon payments.

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China Will Advance Development of eCNY, Central Bank Gov Says

China Will Advance Development of eCNY, Central Bank Gov Says The People's Bank of China governor Yi Gang stated on Tuesday that China will continue to develop its central bank digital currency and enhance its design and usability.

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Meme Stocks Like GameStop, AMC Pose Risks to Financial Stability

Meme Stocks Like GameStop, AMC Pose Risks to Financial Stability, Fed Says The Federal Reserve warned in its biannual financial stability report issued Monday that stock-market volatility caused by a spike of first-time investors who gather on social media might pose a danger to the US financial system. Discover
China Posts Record Trade Surplus in October as Exports Surge

China Posts Record Trade Surplus in October as Exports Surge Despite global supply-chain disruptions, China's exports soared in October, resulting in a record monthly trade surplus. Exports increased 27.1 percent in dollar terms to $300.2 billion last month, according to figures released by the General Administration of Customs on Sunday.

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