February 20, 2024

Gloomy banking season

CNBC Daily Open has prepared an extended report on banking activities Four major Wall Street banks reported earnings.— JPMorgan Chase started the season with lower fourth-quarter profits due to a $2.9 billion fee paid last year.— Citigroup reported a quarterly loss of $1.8 billion and announced a 10% workforce reduction.— Bank of America’s net profit >>>

February 19, 2024

Oxfam presented a report on income inequality post-COVID-19 at the WEF, stating it has worsened and calls for diverse regulatory tools.

Key points:– 69% of global wealth belongs to developed countries, while less than a third to the developing world.– Women and minorities disproportionately suffer from rising income inequality.– The WEF’s future growth report for 2024 suggests a new set of indicators for growth assessment focusing on inclusivity and sustainability. Oxfam reports that global inequality has >>>

January 31, 2024

Analyzing Market Dynamics: Hong Kong and China’s Market Capitalization

Greetings, everyone. The cumulative market capitalization of Hong Kong and China has plummeted from $20 trillion to $13 trillion, reverting to pandemic levels. The Chinese ETF has collapsed to its 2016 levels, reflecting significant market shifts.A notable development is the bursting of the real estate bubble in China, with property prices plummeting by 20-50%, and >>>

January 18, 2024

U.S. national debt exceeds $34 trillion for the first time

Were you surprised by these headlines last week? On this occasion, we want to share the opinion of Andrey Syrchin (if you also find his thoughts interesting, like we do, give a like immediately!). ‘The biggest problem in the world today is the national debts of the USA, Japan, Italy, Greece, China. All these countries >>>

January 17, 2024

Recent mergers and acquisitions stimulate healthcare market participants ahead of the JPMorgan conference

Organizers expect that the four-day JPMorgan Healthcare conference, starting on Monday, will gather more than 8,000 people, including delegations from the world’s largest drug manufacturers, signaling a return to normal business conduct after last year’s reduced participation due to COVID-19 concerns. Just last month, drug makers including AbbVie (ABBV.N), Bristol Myers Squibb (BMY.N), and AstraZeneca >>>

December 24, 2023

MERRY CHRISTMAS & HAPPY NEW YEAR

Dear Valued Clients, As the festive season approaches, we at Cresco Capital extend our warmest wishes for a Merry Christmas and a prosperous New Year! As we reflect on the year gone by, we are reminded of the resilience and adaptability that the world of investments demands. It has been a year of challenges and >>>