General News

January 7, 2026 @ 2:12 am By Omar Faridi  |  

As 2o26 begins, global markets exhibited a blend of equity gains, stabilizing debt conditions, as well as uneven real estate performance, according to PitchBook‘s December 2025 Global Markets Snapshot report. Released on January 5, 2026, with data through December 31, 2025, the report underscores a… Read More

January 7, 2026 @ 12:14 am By Omar Faridi  |  

As the new year begins, the economic landscape is immediately dominated by a surge of employment-related indicators, offering fresh insights into the labor market’s trajectory. This week promises a packed schedule of reports that could shape perceptions of the US economy, particularly amid concerns over… Read More

January 6, 2026 @ 3:42 pm By JD Alois  |  

While there are a lot of things that California is great at, think beautiful weather, beaches, and mountains, when it comes to serving the residents, it seems the Golden State is further down the list. The annual UHAUL report on one-way customers using their service indicates… Read More

January 2, 2026 @ 4:35 pm By Omar Faridi  |  

The year 2025 proved to be another strong period for U.S. equities, with the S&P 500 delivering a total return of approximately 16.4%. This marked the benchmark index’s third straight year of double-digit advances, a rare achievement seen only a handful of times since the… Read More

January 2, 2026 @ 11:40 am By Omar Faridi  |  

Warren Buffett, the legendary billionaire investor known as the “Oracle of Omaha,” is finally retiring as CEO of Berkshire Hathaway (NYSE: BRK) at the age of 95, after an extraordinary 60-year tenure that transformed a modest textile company into a $1 trillion conglomerate. On January 1, 2026, Greg Abel,… Read More

December 30, 2025 @ 11:35 am By Omar Faridi  |  

KPMG UK has recently noted that a relatively cautious consumer landscape is now expected to continue into upcoming year. KPMG’s Consumer Pulse survey measures the overall consumer confidence as the current year finally comes to an end and 2026 begins. KPMG UK Q4 2025 Consumer… Read More

December 30, 2025 @ 12:28 am By Tony Zerucha  |  

Ahead of the Christmas spending peak, the October 2025 credit card data from global analytics software leader FICO showed a decline in credit card spending in the UK compared with the previous month and the previous year. Lower spending led to average balances falling for… Read More

December 28, 2025 @ 9:32 pm By Omar Faridi  |  

Analysis from the Federal Trade Commission shows that since 2020 consumers reported nearly 65,000 rental scams, many of which originated from fake listings on sites like Facebook and Craigslist, and “losses totaling about $65 million.” Rental scams usually involve fake rental listings, which “can often… Read More

December 26, 2025 @ 3:51 pm By Omar Faridi  |  

Mastercard (NYSE: MA) SpendingPulse has unveiled that savvy consumers and e-commerce are fueling U.S. holiday retail sales growth by 3.9% year over year. Getting a strong early start, consumers have now seemingly embraced convenience and connection through the season, blending online and in-store purchases and… Read More

December 25, 2025 @ 4:36 pm By Omar Faridi  |  

New government figures released on December 24, 2025, reveal a drop in the number of US workers / professionals now seeking unemployment aid for the first time, highlighting ongoing fluctuations typical of the holiday period while the broader job sector shows resilience without major disruptions…. Read More

December 22, 2025 @ 9:03 am By Omar Faridi  |  

KPMG UK has recently shared key insights on the latest labour market data along with other commentary on recent developments. Persistent inflation, growing unemployment concerns, along with more general economic uncertainty remain potentially significant factors that could have a considerable impact on the United Kingdom‘s… Read More

December 21, 2025 @ 1:38 pm By Omar Faridi  |  

The Eurozone economy is expected to grow by 1.3% this year, followed by 1.1% in 2026, according to KPMG’s latest European Economic Outlook. Eurozone fiscal policy is anticipated to be broadly neutral in 2026 “as consolidation efforts in many countries offset increased public spending on… Read More

December 18, 2025 @ 11:07 pm By Omar Faridi  |  

The Federal Trade Commission (FTC) is now said to be taking action against Illusory Systems Inc. for allegedly failing to implement “adequate data security measures, leading to a major security breach in which hackers stole $186 million from consumers.” Under a proposed order settling the… Read More

December 18, 2025 @ 12:47 pm By Omar Faridi  |  

Caroline D. Pham will join MoonPay as Chief Legal Officer and Chief Administrative Officer following the conclusion of her service as Acting Chairman of the Commodity Futures Trading Commission (CFTC). According to an update from MoonPay, Pham will be responsible for overseeing all global legal… Read More

December 16, 2025 @ 6:23 pm By Omar Faridi  |  

Betterment at Work, a provider of modern, scalable 401(k) plans for growing businesses, today launched the fifth installment of its annual Retirement Readiness Report. The report reveals that nearly half (48%) of U.S. workers believe they’ll need “at least $1 million to retire comfortably—up from… Read More

December 12, 2025 @ 5:10 pm By Omar Faridi  |  

BNY (NYSE: BK) has recently announced its active participation in the U.S. government’s investment initiative for children, continuing the company’s long history of expanding financial access and opportunity for employees and their families. As reportedly one of the first financial services companies to join the… Read More

December 10, 2025 @ 11:10 pm By Omar Faridi  |  

DTCC, the market infrastructure for the global financial services industry, and Ernst & Young LLP (EY US) announced the release of their latest research findings on 24×5 trading, entitled “The Shift to 24×5 Trading: What It Means for U.S. Equity Markets.” The report details the… Read More

December 9, 2025 @ 10:20 pm By Omar Faridi  |  

If Australians redirected around 10% of overall household spending from big businesses to small businesses, it could potentially mean $76 billion more in the hands of small retailers according to the latest analysis by small business platform Xero. This new figure highlights the seemingly immense… Read More

December 7, 2025 @ 4:53 pm By Omar Faridi  |  

Mobile apps have transformed the customer experience in various industries with their streamlined, easy-to-navigate interfaces and convenient access. The mortgage servicing industry has been one of the few exceptions to that rule, until recently relying on their websites and offline communications as the primary means… Read More

December 7, 2025 @ 2:01 pm By Tony Zerucha  |  

Global markets are increasingly positioning for a US interest-rate cut at the Dec. 9–10 policy meeting of the Federal Reserve, with investors concluding that current monetary settings no longer align with an economy losing momentum. Nigel Green, CEO of global financial advisory giant deVere Group,… Read More