Category: FINANCE
North Korea Deploys Military to Fight 1.5 Million ‘Fever Cases’
Kim Jong Un mobilized North Korea’s military to help fight one of the biggest crises he has faced in his decade as leader, as suspected Covid-19 cases reached nearly 1.5 million in less than a month.
Al Gore’s Investment Firm Unveils $1.7 Billion Sustainable Fund
Generation Investment Management, the $36 billion investment firm co-founded by Al Gore, launched a new fund targeting companies that contribute to lower emissions, increased fina …
Democrats Urge IRS to Boost Drivers’ 58.5-Cent Mileage Deduction
House Democrats are pushing the Internal Revenue Service to increase a tax break that would help truckers, Uber Technologies Inc. and Lyft Inc. drivers and other transportation-related businesses cut …
Battered Stock Traders Brace for $1.9 Trillion Option Expiration
Stock traders still clinging on after this week’s vicious drop in US benchmarks had better tighten their grip — OpEx is back to whip up more turmoil.
India Raises $2.7 Billion in LIC IPO Priced at Top of Range
India raised 205.6 billion rupees ($2.7 billion) as its biggest initial public offering priced at the top of the indicated range following strong demand from local investors and a last-minute dash by …
Goldman Agrees to Settle Suit Over 1MDB for $79.5 Million
Goldman Sachs Group Inc. agreed to a $79.5 million settlement with shareholders who blamed lax oversight by the bank for its costly involvement in the 1MDB bribery scandal.
Why Forgiving Student Loan Debt Is So Complicated
Biden has promised millions of Americans saddled with student loans that help is on the way. Here’s why debt forgiveness, as with most things involving the government and financial system, is so …
https://www.bloomberg.com/graphics/2022-biden-student-loan-debt-forgiveness-explainer/
Berkshire Tweaks Bank Play With $2.9 Billion Bet on Citi
Warren Buffett’s Berkshire Hathaway Inc., which cut many bank holdings as the pandemic bore down on the US, is back with a roughly $2.9 billion bet on Jane Fraser’s Citigroup Inc. even as it said …
Fintech Pioneer Paytm’s Quarterly Revenue Edges Higher
Paytm reported a 5.8% rise in revenue amid the Indian digital payments pioneer’s struggle with intensifying competition. Paytm-owner One 97 Communications Ltd. reported a net loss of 7.6 billion …