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Labour Business Featured Lifestyle World

US wealth inequality in 2022: A modest reversal at the top, persistent challenges below

The causes and consequences of income and wealth inequality are central concerns in economic research and policy discussions. This column presents findings from the 2022 Survey of Consumer Finances on the state of US economic inequality. Three key patterns emerge: wealth remains highly concentrated, younger generations are accumulating less wealth than their predecessors, and wealth […]

Banking Economy Featured Technology

Finding the sweet spot between bank rivalry and safety

Imagine your favorite open-air market. Stalls hustle for customers, prices fall, and shoppers win—until one fragile roof gives way and everyone scrambles. Banking is similar. Lean rivalry makes credit cheaper; cut-throat rivalry slashes margins so deeply that lenders may gamble to survive. Finding the sweet spot is not guess-work. A new World Bank working paper – Navigating […]

Energy Business Environment Featured

NRG Energy shares hit all-time high on $12 billion power assets deal

 NRG Energy said on Monday it would acquire power generation assets from energy infrastructure investment firm LS Power in a deal valued at $12 billion, as the U.S. utility bets on surging electricity demand, sending shares up more than 24% to hit an all-time high of $148.30. With U.S. power demand set to hit record highs in […]