IMF Managing Director Kristalina Georgieva arrives at a briefing in Washington, D.C., on Friday, April 19, 2024.Bloomberg | Bloomberg | Getty ImagesThe head of the International Monetary Fund on Thursday called on Europe to achieve the full potential of its prized single market, lamenting what she described as a situation...
Year: 2024
The UAE is set to be the No. 1 ‘wealth magnet’ in the world, new report shows
The UAE expects to see a net inflow of 6,700 millionaires from around the world by the end of 2024, according to new research.Buena Vista Images | Stone | Getty ImagesThe United Arab Emirates is set to be the world's leading wealth magnet for the third year in a row.That's...
Family films led by ‘Inside Out 2’ could reignite the box office
Amy Poehler and Maya Hawke voice Joy and Anxiety, respectively, in Disney and Pixar's "Inside Out 2."Disney | PixarA big piece has been missing from the box office — family films.A handful of kid-friendly hits — Universal's "Super Mario Bros." chief among them — have boosted ticket sales. But many...
Steve Cohen is set to make a big push into investing in AI
Steve Cohen, chairman and CEO of Point72, speaking to CNBC on April 3, 2024.CNBCBillionaire investor Steve Cohen's Point72 plans to launch a separate, artificial intelligence-focused hedge fund to capitalize on the boom, according to a person close to the firm's plans.The new long/short equity fund, to be launched later this year...
Fitch pushes back China rate cut expectations to next year as Fed holds interest rates steady
People walk past the headquarters of the People's Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. Jason Lee | ReutersBEIJING — Ratings agency Fitch no longer expects China to cut its policy rate this year, and has pushed back its expectations for a reduction to next...