According to Henley & Partner’s “Wealth Report 2023”, there are 5.3 million millionaires in the U.S., 9,630 centi-millionaires, and 770 billion in the country. A centi-millionaire is worth at least $100 million. The city…
There are two categories of people who die in war: combatants and civilians. America has fought two wars with extremely high fatality rates. The first was the Civil War. Counting both the Union and…
China has the largest population of any nation in the world, at 1.426 billion. According to a Pew analysis, that is forecast to drop to 1.313 in 2050 and 800 million in 2100. During…
The U.S. Consumer Financial Protection Bureau and Wells Fargo have signed a consent order that will cost the bank $3.7 billion. It is a good deal for the bank.
The SEC has charged Sam Bankman-Fried with fraud, the U.S. Attorney for the Southern District of New York has had him arrested by Bahamian police, and he may soon face extradition.
The head of Goldman Sachs's digital assets business says the bank is exploring more investments, perhaps including an acquisition, in the cryptosphere.
A recent analysis reveals that Wells Fargo has the worst customer satisfaction among America’s largest banks.
The federal Consumer Financial Protection Bureau has issued a report on buy now, pay later lending that has only baby teeth.
The head of the Federal Reserve, Jerome Powell, all but signaled a series of rate hikes in the months ahead to bring down inflation. He also remarked that inflation will not go away soon.…
The large majority of Americans own a credit card. Many own more than one. The paperwork credit card companies send to owners is long and complex. It is hard to imagine all but a…
The stock market’s support for Coinbase has disappeared.
Warren Buffett has not set a date for his retirement. He does not have to.
Softbank's founder and chief executive officer has wiped out billions of dollars of the company’s market cap on risky bets.
MicroStrategy is the latest new-age financial firm to implode.
Mark Zandi of Moody’s made a strange observation recently. America may not be in a recession, but enough people believe it is that economic activity has slowed considerably. There is a good deal of…
