Staff members counting RMB cash deposited by customers in China's Nantong city.Cfoto | Future Publishing | Getty ImagesThe world's super rich club expanded significantly over the past 10 years, with China leading the charge, according to the latest report from New World Wealth and investment migration advisor Henley & Partners.The number...
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Swiss central bank cuts rates by a quarter point in third trim this year
A view of the headquarters of the Swiss National Bank (SNB), before a press conference in Zurich, Switzerland, March 21, 2024. Denis Balibouse | ReutersThe Swiss National Bank on Thursday took a third step to loosen monetary policy this year, bringing its key interest rate down by 25 basis points to...
EchoStar nears deal to sell Dish to DirecTV with $2 billion debt payment looming, sources say
Charlie Ergen, chairman and co-founder of Dish Network Corp.Jonathan Alcorn | Bloomberg | Getty ImagesCharlie Ergen is getting close to selling the pay-TV business he founded more than 40 years ago.EchoStar is in advanced talks to sell satellite TV provider Dish Network to rival DirecTV, the closely held pay TV...
The U.S. wants to triple nuclear power by 2050. America’s coal communities could provide a pathway
A bulldozer moves coal that will be burned to generate electricity at the American Electric Power coal-fired power plant in Winfield, West Virginia.Luke Sharrett | Bloomberg | Getty ImagesThe planned restart of Three Mile Island is a step forward for nuclear power, but the U.S. needs to deploy new plants...
Why JPMorgan Chase is prepared to sue the U.S. government over Zelle scams
JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, D.C., on Dec. 6, 2023.Evelyn Hockstein | ReutersBuried in a roughly 200-page quarterly filing from JPMorgan Chase last...