A Breath of Relief for Homebuyers as Mortgage Rates Retreat, Encouraging Applications in a Cooling Inflation Climate TWC Magazine – As the haunting season bids adieu, the specter of soaring mortgage rates appears to be relenting, albeit marginally. Government-backed mortgage giant Fannie Mae reports a downtrend in the interest rate for a 30-year fixed-rate mortgage, […]
Navigating the labyrinth of financial uncertainty in the world’s economic powerhouse. TWC – In the heart of the world’s economic powerhouse, 72% of Americans are teetering on the precipice of financial insecurity, their dreams of stability dangling precariously in the balance. This disheartening revelation emerges from an illuminating survey conducted by Bankrate, which lays bare […]
Tina Bhojwani: Paving the Path to Success with Unconventional Strategies TWC Magazine – In the world of business, conformity often reigns supreme. However, for Aera’s co-founder and CEO, Tina Bhojwani, breaking free from the conventional mould is her modus operandi. Instead of building a luxury vegan footwear brand, Bhojwani sought a novel approach to finding […]
Deputy Prime Minister Lawrence Wong says Singapore can’t afford to outbid the big boys for investments from multinational corporations TWC – Singapore’s Deputy Prime Minister Lawrence Wong addressed the annual May Day Rally, warning Singapore already feels the impact of tough investment competition. As significant economies mobilize enormous sums of money to build their strategic […]
Charlie Munger warns of the vulnerability of US banks with “bad loans” as property prices fall. TWC – Charlie Munger, the 99-year-old investor and vice chairman of Berkshire Hathaway, has issued a warning about the US commercial property market. During his interview with the Financial Times, Munger voiced his concerns regarding the vulnerability of US […]
Banks await news from the US government regarding the fate of San Francisco lender First Republic (FRC) after the deadline to submit bids passed. TWC – Banks including JPMorgan Chase, Bank of America, PNC Financial Services Group, Citizens Financial Group and US Bancorp were invited to bid by the Federal Deposit Insurance Corporation. However, Bank […]
To ease affordability for locals and cool the red-hot housing market, Singapore has doubled its tax rate for foreign property buyers. TWC – Singapore’s government is implementing measures to cool its red-hot housing market, including increasing property taxes to ease locals’ affordability and maintain its financial hub competitiveness. In a statement, the government announced that […]
BOJ confirms effects and side effects of monetary easing policy for future operations at the monetary policy meeting Kyodo News Agency, April 28 – The Bank of Japan has decided to maintain its current large-scale monetary easing policy at its monetary policy meeting on the 28th. The decision was made unanimously by the nine policy […]
Higher interest rates failed to curb robust consumer spending as the U.S. economy grew for the third consecutive quarter in Q1. According to the Commerce Department, the U.S. economy grew at a slower pace of 1.1% in the first quarter of 2023. The figures indicate a decline from the 2.6% growth in the last quarter […]
The ‘Buy Now Pay Later’ (BNPL) financing model has become increasingly popular among consumers worldwide, providing a flexible and convenient way to purchase goods and services. CrediMax and the BENEFIT Company are teaming up to bring this innovative business model to Bahrain. We sat down with Abdulwahed AlJanahi, Chief Executive of BENEFIT Company, and Ahmed […]