Middle-class millennials in developed nations decrease in number as their pay growth stagnates and prices of housing surge, an Organization for Economic Cooperation and Development report said.
The organization of advanced economies revealed that across 40 major countries, which include...
A team of advisors from Wells Fargo which specializes in handling high-net-worth individuals are joining Raymond James in the move to expand services to its clients.
Financial advisors Geoffrey Sisk, Hynson Marvel and Jason Statuta manages about $600 million at ...
In the first quarter of 2019, German automobile marque Mercedes-Benz lost 6 per cent of profit sales because of production delays and falling sales in China.
China, which is the world’s vast car market, has seen a drop in a...
A multinational banking and financial company DBS Bank reports that its profits are higher as compared to estimates, says Bloomberg. The bank’s profits surged from SGD 1.51 billion in March 2018 to SGD 1.65 billion in March this year....
In a move to promote wealth equality in the Washington state, the legislators are looking into enforcing a one percent tax for individuals with wealth over a billion dollars.
House Bill 1406 is exclusively for billionaires with a household wealth...
American multinational financial services firm Wells Fargo announced on Thursday, March 11, that it will retire the Abbot Downing wealth management brand as part of its restructuring move.
The unit, which services the ultra-rich, accounts for a minimum of $50...
For the first time in American retail history, online shoppers are required to pay state sales tax in Virginia and West Virginia due to new laws.
Last year, the US Supreme Court allow a number of states to collect taxes...
New York City Mayor Bill de Blasio announced his plans to “tax the hell out of the wealthy.” Numerous news sites say that de Blasio claims his proposal as the most aggressive one compared to other presidential candidates.
According to...
China-based TikTok parent company ByteDance is set to move back into the Hong Kong market as its trademark registration documents show that the firm is gearing up to enter the online stock brokerage and wealth management market, reports Reuters.
The...
In an attempt to attract prospective buyers for a Mark Rothko piece worth $50 million, Sotheby’s chose to exhibit the painting in one of Asia’s richest cities, Taipei. According to Bloomberg, the auction house favoured Taiwan’s capital instead of...
