BankingFeaturedSVB crash: More banks to fail despite Joe Biden government intervention, says Bill AckmanIFM CorrespondentMarch 16, 2023March 17, 2023 by IFM CorrespondentMarch 16, 2023March 17, 2023 Bill Ackman slammed the Joe Biden government's response while predicting an economic disaster to occur... Read more
BankingFeaturedSilicon Valley Bank collapse: Ghost of 2008 crisis haunts US economy againIFM CorrespondentMarch 14, 2023October 10, 2023 by IFM CorrespondentMarch 14, 2023October 10, 2023 Silicon Valley Bank had assets valued at USD 212 billion and these were primarily lent to tech start-ups... Read more
Business LeadersFeaturedBusiness Leader of the Week: Meet Abigail Johnson, force behind Fidelity’s market dominanceIFM CorrespondentMarch 10, 2023October 10, 2023 by IFM CorrespondentMarch 10, 2023October 10, 2023 In 1988, Abigail Johnson joined Fidelity Investments as an analyst and portfolio manager... Read more
FeaturedWealth ManagementScam alert: Americans lose USD 8.8 billion in 2022, expert issues warning for 2023IFM CorrespondentMarch 8, 2023 by IFM CorrespondentMarch 8, 2023 The prevention of car warranty scams lies in ignoring such calls... Read more
AviationFeaturedJet fuel prices, economic slowdown to hinder aviation sector’s recoveryIFM CorrespondentMarch 7, 2023March 7, 2023 by IFM CorrespondentMarch 7, 2023March 7, 2023 The increase in aviation travel that followed the removal of restrictions in 2022 is still present in 2023... Read more
FeaturedTransportJoe Biden government’s EV charger rule forces Tesla to change key policyIFM CorrespondentMarch 7, 2023 by IFM CorrespondentMarch 7, 2023 Tesla has now agreed to open to the public at least 7,500 chargers on its proprietary network... Read more
Business LeadersFeaturedMeet Mira Murati: ChatGPT creator & the brain leading OpenAI’s tech gameIFM CorrespondentFebruary 23, 2023February 23, 2023 by IFM CorrespondentFebruary 23, 2023February 23, 2023 Mira Murati joined OpenAI in June 2018 as Vice-President of applied Artificial Intelligence (AI) and Partnerships... Read more
FeaturedOil & GasUS inventory jump, rate hike worries bring negative volatility in oil sectorIFM CorrespondentFebruary 21, 2023 by IFM CorrespondentFebruary 21, 2023 Russian Deputy PM Alexander Novak announced that the country plans to cut its oil production by 500,000 barrels per day in March 2023... Read more
Business LeadersFeaturedSalesforce CEO Marc Benioff repents sacking 7,000 employees as company faces headwindsIFM CorrespondentFebruary 17, 2023 by IFM CorrespondentFebruary 17, 2023 Marc Benioff faced heat from Salesforce employees for allegedly being evasive during the meeting... Read more
FeaturedTransportTesla adjusts electric vehicle prices again amid share gainsIFM CorrespondentFebruary 16, 2023 by IFM CorrespondentFebruary 16, 2023 Tesla's shares extended their breakneck rally in February 2023 to double from the lows touched in early January... Read more