In the midst of an overall real estate slump in China, certain pockets of demand are emerging within the commercial property sector. One such area experiencing growth is the capital city of Beijing, where rents for prime retail locations are on the rise. According to a report by property consultancy JLL, rents in Beijing increased…

In the world of economics, keeping a close eye on inflation is crucial for understanding market trends and making informed decisions. In recent times, the concept of supercore inflation has gained significant attention, especially after it accelerated to a 4.8% pace year-over-year in March, marking the highest level in 11 months. Supercore inflation goes beyond…

Federal Reserve officials voiced their apprehensions about the sluggish movement of inflation during their March meeting, despite the anticipation of interest rate cuts later in the year. The Federal Open Market Committee maintained the short-term borrowing rates at a steady pace, but expressed doubts about the pace of inflation easing, which was not showing significant…

New York Community Bank (NYCB) has recently made headlines by offering the highest interest rate for a savings account in the country. With an annual percentage yield of 5.55% through its online division, My Banking Direct, NYCB has surpassed all other widely available bank account rates. This move has caught the attention of industry analysts,…