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The ‘Magnificent 7’ are outperforming other stocks again
The S&P 500 (^GSPC) just logged its best May in more than 30 years in large part due to the return of dominance from the “Magnificent Seven” tech stocks. Apple (AAPL), Alphabet (GOOGL, GOOG), Microsoft (MSFT), Amazon (AMZN), Meta (META), Tesla (TSLA), and Nvidia (NVDA) combined for 62% of the S&P 500’s advance in…
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Fintech growth three times that of finance sector as a whole
The global fintech sector saw its revenues increase three times that of the finance sector as a whole in 2024, as it enters a new “era of maturity”. Despite reduced investment in fintech firms, the businesses are maturing and driving up revenues. According to Boston Consulting Group (BCG), global fintech revenues grew by 21% last…
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Ready to unlock financial freedom?
Did you know that women already control a third of the world’s private wealth— and that number is expected to soar past 50% in the next 5 years? But how can you be part of that growth?Now You Know speaks with Cristina Jaeger, the founder of HerFinancialFreedom. Cristina’s mission is to close the gender gap…
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Fearnley Securities Project Finance arranges new shipping deals worth $165m
Fearnley Securities Project Finance started the first half of 2025 with several new deals.The total transaction volume was $165m, of which $66m was equity from project partners and investors. Head of project finance Axel Bendvold said: “Despite a more challenging market environment compared to 2023 and 2024, the first half of 2025 has been fairly…
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Saudi Arabia’s Hurdles Reshape Mideast Financial Order
Bankers and business leaders are shifting more attention toward Saudi Arabia’s neighbors in the Gulf such as Qatar and the United Arab Emirates as the kingdom grapples with lower oil prices and weakening finances. The kingdom’s budget is in deep deficit, it has raised billions of dollars through bond sales to help fund an…
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Another sign of Syria’s rebuilding: The Damascus stock exchange opens again
Syrian Finance Minister Mohammed Yisr Barnieh, center, attends the opening ceremony at the Damascus Securities Exchange in Damascus, Syria, Monday, June 2, 2025. (AP Photo/Omar Sanadiki) Omar Sanadiki/AP Omar Sanadiki/AP DAMASCUS — Trading resumed on the Damascus Securities Exchange on Monday after a six-month closure, as Syria ‘s new leaders attempt to shore up the…
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What is the Pension Investment Review?
Last week saw the publication of the Pension Investment Review which outlines government’s ambitious plans to boost growth both to the UK economy and improve people’s pensions through a number of mega funds. The idea behind it is that the UK defined contribution pension market is too fragmented, which doesn’t deliver the best value…
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Private credit could ‘amplify’ next financial crisis, study finds
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Private credit is now so intertwined with big banks and insurers that it could become a “locus of contagion” in the next financial crisis, a group of economists, bankers and US officials has warned.Researchers from Moody’s Analytics,…
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High-rise, high expectations: is Casablanca’s finance hub a model for African development?
For centuries, Casablanca was a significant trading hub for merchants from across the breadth of the Atlantic coast, given its geographical position between Africa, the Middle East and Europe.These days, Morocco’s economic capital is merging those historical roots with a strong modern commercial identity. One such manifestation is the Casablanca Finance City (CFC) district, whose…
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Swampscott in the market for Director of Finance
SWAMPSCOTT — Director of Finance and Administration Amy Sarro has announced that she will be resigning from her role effective June 27 to take on the position of Finance Director and City Auditor for Newburyport.Sarro sat down to speak with The Item on Monday morning, where she reflected on her time in the role, as…
