Wealth
Spring Break at South Padre Island Texas Despite Coronavirus
Photographer: Hundley/iStockphoto Photographer: Hundley/iStockphoto As global markets nosedived, hundreds of college students crowded onto a beachfront stage on a warm Texas afternoon. The tightly packed throng lingered for hours Thursday, soaking up the sun and other typical Spring Break fare, including bikini and push-up contests and free music shows, seemingly oblivious to the market upheaval …
Financial advisers on robo-advice, wealth management technology
Financial advisers say robo advice is the most “over-hyped” technology in their industry, a survey found. That comes as low-cost robo and hybrid advice platforms have been growing assets in recent years. Meanwhile, advisers view customer-relationship management (CRM) software, video conferencing, and self-service portals as the most high-impact, under-rated technologies. The majority of the 2,500+ …
In Imelda Marcos’ world, wealth takes a backseat to power
By James Tarmy, Bloomberg Movie ReviewThe KingmakerDirected by Lauren Greenfield TO AN international audience with a long memory, Imelda Marcos, former first lady of the Philippines from 1965 to 1986, is famous for the thousands of shoes that were seized when her husband Ferdinand was ousted from power. In global pop culture, her name became …
How Technology Adds Urgency to Calls to Redistribute Society’s Wealth
Urgent change is needed Bigstock The Business Roundtable recently issued a new definition of the purpose of a corporation, dropping the idea that maximizing shareholder value is the primary function. Perhaps the statement was largely symbolic, but if the CEOs of nearly 200 major U.S. corporations are sincere in committing the business community to a …
Nearly half of the world’s entire wealth is in the hands of millionaires
Millionaires own nearly half of the world’s global total wealth, according to a new report from Credit Suisse. (NEW YORK) — Millionaires own nearly half of the world’s global total wealth, according to a new report from Credit Suisse. The total amount of global wealth grew in 2019 to a total of $360 trillion, according …
Millionaires now hold nearly half of the world’s wealth
The number of millionaires in the world grew to nearly 47 million over the past year, and they now own close to half of the world’s wealth, according to a new study. Despite the trade wars, slowing global growth and the volatile stock markets, the total number of millionaires in the world increased by 1.1 …
RISE Wealth Technologies Creates Artificial Intelligence Trading Systems
RISE WEALTH TECHNOLOGIES is a software fintech company specializing in providing AI solutions for financial trading systems and investors. Stefan Tittel, founder, and CEO of RISE leads the company using an impressive track record of successful entrepreneurship across Europe. At RISE, the mission is to improve trading through the integration of science and statistics using …
Saudi Aramco ‘one of the greatest companies in the world,’ Russia’s wealth fund chief says
Aramco employees are seen at Natural Gas Liquids (NGL) facility in Saudi Aramco’s Shaybah oilfield, Saudi Arabia. Ahmed Jadallah | Reuters A change of leadership at oil giant Saudi Aramco and its delayed initial public offering (IPO) is not a concern, the head of Russia’s sovereign wealth fund (RDIF) told CNBC Wednesday. “(Saudi) Aramco is …
Health, wealth, and cities | MIT News
Cities have wealth disparities: Picture fancy downtown condos and trendy shopping areas in contrast to, say, streets with rundown housing and boarded-up shops. Cities also have health disparities: People who live in well-off parts of metro areas are less exposed to many of the pollutants, risks, and stresses that lead to long-term health problems. The …
What to expect at the world’s premier car show
Judges view a 1964 Ferrari SpA 250LM Scaglietti Berlinetta vehicle during the 2015 Pebble Beach Concours d’Elegance in Pebble Beach, California. David Paul Morris | Bloomberg | Getty Images The Pebble Beach Concours kicks off Tuesday in Monterey, California, marking the start of the auto industry’s most prestigious annual event. Described as the Coachella for …
