Philippine Financial System Surpasses P30-Trillion Mark in Total Resources
Latest data from the Bangko Sentral ng Pilipinas (BSP) revealed a significant increase in the total resources of the Philippine financial system, surpassing the P30-trillion mark. The combined assets of banks and non-bank financial institutions experienced an 8.68 percent growth,…
Major Banks’ Earnings Hit by Regional Banking Crisis Fallout
Bank earnings are taking a hit this quarter, and the recent financial reports from major banks like JPMorgan Chase, Bank of America, and Citigroup have left analysts and investors puzzled. JPMorgan Chase, the largest US bank by assets, reported a…
Citigroup Announces 10% Workforce Cut in Major Corporate Overhaul
Citigroup, one of the largest financial institutions in the United States, has announced a significant corporate overhaul that includes cutting 10% of its workforce. The decision comes as part of CEO Jane Fraser’s efforts to improve the bank’s performance and…
Bitwise Reveals $200 Million Investment Plan for Proposed Bitcoin ETF
Crypto asset manager Bitwise has revealed that an unnamed investor is planning to inject a substantial sum of $200 million into its proposed spot market Bitcoin exchange-traded fund (ETF), as per a recent S-1 filing with the U.S. Securities and…
The Financial Burden of Spinal Injuries After a Car Accident
A severe car accident can provide a harsh reminder of how delicate our health is. Serious spinal injuries are a shining example of this reality. Spinal injuries often include heavy physical and emotional burdens, along with formidable financial challenges. Rising…
Costco Offers 1-Ounce Gold Bars on Its Website, Sparking Interest Among Gold Enthusiasts
Costco, the popular bulk-goods retailer, has recently caught the attention of gold enthusiasts by offering 1-ounce gold bars for sale on its website. This move has sparked interest among individuals like Ron Williams, a retired Air Force production superintendent in…
Understanding Market Valuation Indicators
Market Valuation: Is the Market Still Overvalued? Market valuation is a critical aspect of understanding the current state of the economy and investment opportunities. Here is a summary of the four market valuation indicators that are updated monthly to provide…
Robert Kiyosaki Advocates for Silver as the Number One Asset
Robert Kiyosaki, the renowned financial expert behind the ‘Rich Dad’ empire, is advocating for an often overlooked asset that he believes is accessible to everyone: silver. In a recent interview with blogger SilverSlayer on ‘The Rich Dad Channel,’ Kiyosaki discussed…
Beijing’s Efforts to Boost Public Confidence in Economy
Beijing has been making efforts to boost public confidence in the economy and counter negativity. The president’s chief of staff, Cai Qi, has urged propaganda officials to emphasize China’s bright economic prospects as part of this initiative. During an annual…
US Agricultural Producers See Stable Sentiment and Brighter Financial Outlook
According to a recent report, sentiment among US agricultural producers remained relatively unchanged in December. The financial outlook for these producers, however, has brightened, indicating a positive trend in the industry. The report indicates that the sentiment among US agricultural…