In a recent economic shift not seen since 2008, global wealth witnessed a 2.4% decrease, reducing the number of millionaires in the United States by over 1.6 million. Reports from UBS and Credit Suisse highlighted that depreciating major global currencies played a key role in this wealth decline. Their global wealth study identified the U.S. […]
Related Posts
Mexico’s inflation drops to 5.06% in June, reaching lowest level since March 2021
Mexico’s annual inflation rate dropped to 5.06% in June, reaching its lowest level since March 2021, according to the National Institute of Statistics and Geography (Inegi). This figure, below market expectations, indicates a fifth consecutive month of decline after May’s 5.84% rate and a reduction from January’s 7.91% rate at the start of the year. […]
Oil Prices Surge Amid Renewed Gaza Tensions
This week, oil prices saw an upward trend, fueled by worries over supply amid rising geopolitical tensions. The faltering peace talks between Israel and Hamas have notably influenced market sentiment. In trading, Brent crude for May edged up by 2.00%, closing at $83.55 a barrel on the ICE. Similarly, WTI for April experienced a 2.19% […]