Goldman Sachs investment becomes flashpoint in consulting firm legal row
Wall Street bank backed venture launched by Jonathan Orszag after he left FTI Consulting
New Car Sales Are Rising Thanks to Purchases by the Well-Off
A larger proportion of new cars are being bought by affluent Americans as prices and interest rates for auto loans climb, analysts said.
There’s a huge loophole in the new UK ban on daytime junk food ads
Rech Alcances Frisardi/ShutterstockNew advertising restrictions on unhealthy food and drink have come into force in the UK, targeting products deemed to be high in fat, salt or sugar. From now on, TV, radio or online adverts that feature these foods will be banned before 9pm.
Deutsche Bank shares exceed book value for first time since 2008
Milestone follows years of legal setbacks, writedowns and restructuring
FEDS Paper: A New Reason to Hate Grocery Inflation: Measuring and Interpreting Inflation Heterogeneity
Kelsey O'FlahertyThe 2021-2022 inflation episode presented the first opportunity to examine inflation and price dispersion using U.S. scanner data in a high-inflation environment. Data from 50,000 outlets reveals that price changes across similar goods grew more dispersed in 2022 before falling again in 2023. This paper documents how price change dispersion interacts with households' product choices to generate substantial inflation heterogeneity.
A sign of Europe’s troubled times? Lithuania brings in tax reforms to boost defence spending
proslgn/ShutterstockLithuania is entering 2026 with a tax shift that brings its system closer to countries like Ireland and the UK. From January 1, the long-standing flat 15% personal income-tax rate for self-employed people is being abolished for higher earners. These workers will now be integrated into the same new progressive bands that apply to employment income.
And the FTAV Christmas charts quiz winner is . . .
‘Twas the season to be charty
Supreme Court Increasingly Favors the Rich, Economists Say
A new study found that the court’s Republican appointees voted for the wealthier side in cases 70 percent of the time in 2022, up from 45 percent in 1953.
The ECB gets speculative
Making up something to get worried about
Households drive Nov deposits rise as total reaches 207 bln
The Greek banking system’s private sector deposits rebounded in November, with a net rise of 1.03 billion euros, after a drop of 2.14 billion euros in October, according to the latest Bank of Greece (BoG) figures released on Friday.
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