Finance
Forbes has published its annual ranking of the 100 richest Czechs and this year's ranking brings several interesting changes. Although the top three positions have remained the same, Andrej Babiš, who has regularly ranked in the top five in previous years, has dropped to seventh place this year. His position was taken by Radovan Vítek and Mic...
Czechs' debts are rising and repaying them is becoming increasingly difficult for some. However, this problem affects only a part of the population as the total number of debtors is decreasing. What is alarming, however, is the fact that young people are now having more trouble paying than before. According to the latest data from the Banking...
How should pensions be increased from January 2025? The pension is made up of a basic rate and a percentage rate. In 2024, the basic rate is CZK 4,400. According to the draft regulation, the basic rate of the pension should increase by CZK 290 from January 2025, to CZK 4,690. The percentage should increase by 0.4%. This means that in absolute...
The price of gold reached a record high on Friday, crossing the $2,500 per troy ounce mark (over CZK 57,000 for 31.1 grams). This growth is mainly supported by the expectation that the US Federal Reserve (Fed) will cut the key interest rate in September. According to Reuters, the price of gold climbed as high as $2,500.99 per ounce before lat...
At the beginning of the second week of August, stock markets experienced significant declines, causing concern among investors. Stock values were in considerable negative territory and analysts were quick to compare the situation with the last financial crisis. However, on Friday 9 August, the situation changed: the S&P 500 index had already...
Even before the panic triggered by new data from the US economy and Japan rocked global markets, bets were rising that the US central bank would start cutting interest rates in the autumn. Now it seems that an easing of the Fed's monetary policy is inevitable. Ben Carlson of investment firm Ritholtz Wealth Management looks at what lower rates co...
With an estimated price tag of $23 billion (approximately CZK 534 billion), the planned acquisition of Israeli startup Wiz was to be the largest ever purchase by US tech giant Alphabet, the parent company of Google. The deal, if completed, would significantly strengthen Alphabet's position in the cybersecurity field. However, Israeli startup Wiz...
The central bank's recent decision to cut base interest rates has had an impact on savings account interest rates, which have been falling since the start of the year and are now facing another wave of decline. Nevertheless, people are not abandoning this banking product. On Monday, the reduction in annual interest rates will affect clients o...
Shareholders of US carmaker Tesla on Thursday approved a record $44.9 billion (about one trillion kronor) pay package for CEO Elon Musk, the AP reported. The decision came after a deal struck in 2018 was overturned by a Delaware court earlier this year. The exact number of votes was not immediately announced. According to the AP, approval of ...