Bank of America is about to release its first-quarter earnings, and the numbers look strong. Analysts predict revenue will hit nearly $29. 8 billion, a jump from last year's $27. 5 billion. This follows a pattern—Bank of America has beaten revenue estimates in eight of the last ten quarters. Earning
The Oklahoma City Thunder finished the regular season with the best record in the league for a second straight year. They won 64 games against just 18 losses, proving they are built to compete at the highest level. But when players from around the NBA were asked who they think will win the champions
Experts gathering in Washington this week have more on their minds than the current Middle East conflict—even though the fighting there could slow down the world’s economy. A much bigger worry is the fact that, over the next fifteen years, developing countries will need to create 1. 2 billion jobs j
Nigeria is scrambling to adjust its economic recovery plan after fuel prices spiked over 50% since the Iran conflict began. The sudden price jump, from around 880 naira to 1, 330 naira per liter, has made life harder for normal Nigerians and small businesses struggling to keep up. Even though the co
Ujjivan Small Finance Bank has announced that the Reserve Bank of India (RBI) will require it to show a more varied loan portfolio before approving its shift from a small finance bank to a universal bank. The RBI’s feedback highlighted that while the bank has been working on diversifying its lend
In many countries, banks act like the nervous system of the economy. If they misbehave, the whole country can feel pain. Researchers wanted to see what makes banks act well or poorly, especially in the Middle East and North Africa. They looked at ten commercial banks from 2015 to 2020, all of whi
The South Korean developer Clover Games filed for bankruptcy on the 9th, ending all game services. An audit released a few days later exposed the numbers that forced this decision. Clover’s chief, Yoon Sung-guk, poured more than ₩3 billion of his own money into the company over three years, but tha
A fresh wave of artificial intelligence tools is set to reshape the way cyber attackers approach banks. The latest model, named Mythos, can write code and act on its own, giving it the power to spot hidden weaknesses in old and new computer systems alike. Experts warn that such a tool could help h
Every few years seems to bring the same worry: major economies can’t handle surprises anymore. The latest worry comes from rising oil prices after the Iran conflict started. World finance chiefs are heading to Washington not just to talk, but because they feel stuck. They admit past solutions don’t
The world’s top money managers are meeting in Washington, but their agenda is clouded by the war that began in late February. This conflict has become the third major shock to the global economy, following COVID‑19 and Russia’s invasion of Ukraine. The IMF and World Bank have already cut their forec
