The fund industry recorded net redemptions of BRL 162.9 billion in 2022, down 139.5% compared to the positive balance of BRL 412.5 billion in 2021, according to data released this Thursday (5) by the Brazilian Association of Financial and Capital Market Entities (Anbima). The sector’s equity reached BRL 7.4 trillion in 2022, which represents an […]
Suzanne
A journalist with over 7 years of experience in the news industry, currently working at World Stock Market as an author for the Entertainment section and also contributing to the Economics or finance section on a part-time basis. Has a passion for Entertainment and fashion topics, and has put in a lot of research and effort to provide accurate information to readers.
Subscription clothing retailer lays off 20% of employees, CEO resigns
Stitch Fix, facing economic turmoil, announced a one-two punch on Thursday: CEO Elizabeth Spaulding is stepping down and the company planned to lay off 20% of its salaried staff. The online subscription clothing retailer also said it was closing some operations, including its Salt Lake City distribution center. “We will lose many talented team members […]
Procon-SP guides not to refuel with readjusted fuel price
After the provisional measure (MP) with the renewal for 60 days of the exemption of fuels – edited by the federal government on the 1st – and the news that the price increase has been practiced by some gas stations, Procon-SP is guiding the consumer to be aware, compare the values ​​and not refuel in […]
Savings closes 2022 with record net withdrawal of R$ 103 billion
The savings account received a net deposit of BRL 6.259 billion in December, but the investment accumulated in 2022 a redemption of BRL 103.2 billion, almost double the biggest annual loss ever recorded until then, updated Central Bank figures show. this Thursday (5). Investment losses in the year occurred amid the increase in interest rates […]
Bankrupt cryptocurrency lender may have defrauded investors of billions of dollars
The New York attorney general filed a civil lawsuit Thursday against the co-founder of now-bankrupt cryptocurrency lender Celsius Networks for allegedly defrauding hundreds of thousands of investors who deposited billions of dollars on the platform. The lawsuit against Alex Mashinsky alleges he made false and misleading statements to encourage investors to put billions of dollars […]
Fed’s Bullard says 2023 could be year when rising inflation slows
The head of the Federal Reserve of St. Louis, James Bullard, said on Thursday (5) that the new year may finally bring some welcome relief from inflation. The Federal Open Market Committee, which sets borrowing costs, “took aggressive action during 2022, with continued increases in the benchmark rate planned for 2023, and this has returned […]
PPSA, pre-salt state-owned company, has record revenue of BRL 4.7 billion in 2022
The state-owned Pré-Sal Petróleo (PPSA), which represents the Union in production sharing contracts, raised a record BRL 4.71 billion in 2022 with the sale of oil and gas from these assets, as reported this Thursday ( 5). The amount is almost four times greater than the previous year, when it collected R$ 1.22 billion. The […]
Fed to raise interest rates by more than 5% and maintain that level until 2024, says official
Kansas City Federal Reserve President Esther George said on Thursday (5) that she expects interest rates to remain high until 2024 in the United States. In an interview with CNBCshe commented that she raised her terminal rate forecast to above 5% and sees rates holding at that level for some time, possibly until 2024, until […]
European stocks retreat as media shares fall and Fed fears return
European stocks fell on Thursday, with media stocks pressured by declines in British education group Pearson, while data that suggested tight working conditions in the United States fueled fears that the Federal Reserve will keep interest rates higher for longer. time. The pan-European STOXX 600 index closed down 0.20% at 439.33 points, after rising more […]
Chinese BC extends incentives for financing the purchase of the 1st property
The People’s Bank of China (PBoC) said on Thursday (5) it will continue to allow local governments to reduce or eliminate the floor of financing rates for first-time buyers if housing prices persistently fall. , in yet another attempt to revive the country’s real estate sector. In a statement released on its website, the PBoC […]
