Lately, certain U. S. politicians are concerned about Hong Kong's changing role in the world of money. They're urging the government to take a closer look at its banking ties with Hong Kong. Ever since the Chinese government tightened their grip with a security law in 2020, Hong Kong has been linked
The COVID-19 pandemic has been a wild ride for all kinds of money, from digital currencies to gold. We looked at how the main cryptocurrencies like Bitcoin, Ethereum, Ripple, and Litecoin behaved during this time. We also checked out the fear index (VIX), gold prices, and the S&P500 stock market. Us
Imagine this: Macy’s just found out someone hid up to $154 million in expenses over the last few years. This mistake was made by a single employee, now gone, who was in charge of accounting for small package delivery costs. The company found out while preparing quarterly results, which showed sales
Earlier this month, Macy's stumbled upon a significant financial hiccup. One of their employees, in charge of small package delivery expense accounting, had been intentionally hiding expenses. This sneaky maneuver led to an underreporting of costs, amounting to anywhere between $132 million and $154
Back in 2008, right in the middle of a global financial crisis, British bank Barclays was facing a serious issue. They desperately needed cash to dodge a government bailout. So, they reached out to investors from different parts of the world, with Qatar being one of them. It seemed like a wise move
Business leaders are letting out a collective sigh of relief after President-elect Donald Trump picked Scott Bessent to lead the Department of Treasury. Bessent, a 62-year-old hedge fund executive, faced some internal debates before securing the role. His global investment experience and bipartisan
Today is a special day for many celebrities, including Christina Applegate who turns 53! It's a great time to think about your health and money. Don't let uncertainty scare you off, Aries. Plan ahead and you'll see progress. Taurus, take a moment to think things through before making big moves. Gemi
Valvoline Inc. has recently hit a snag with its new enterprise resource planning (ERP) system. The rollout has exposed some major flaws in its financial controls. This has caused a ruckus, delaying the processing of invoices and billings. Thankfully, these hiccups haven't affected the retail operati
Ever wondered how much it takes to fight climate change? Well, bigwigs from rich countries finally agreed on a plan after two weeks of talks at the annual climate conference. They promised to give poorer nations $300 billion each year by 2035. Sounds great, right? Not quite. Experts say we actually
Tuberculosis (TB) is a serious problem worldwide, but it's not just a health issue—it's a political and financial challenge too. We need countries to step up and take charge. Let's start by understanding TB. It's an infectious disease that mainly affects the lungs, caused by bacteria. The World Heal
