Finance-Informer

China announces a target of 5% Growth in GDP for 2023; Shows Cautious Approach.

China’s leaders take a cautious approach to the estimate for the country’s economic recovery, after removing most of the Covid restrictions on business activity that were imposed in 2022. China announced a target of around 5% Gross Domestic Product (GDP) growth for 2023, with only a slight increase in fiscal support. The vice president and senior…

Read More

White House Aims to Shift Cybersecurity Burden to Tech Providers

The White House announced its much-awaited National Cyber Strategy. It provides a road map for how the White House administration aims to defend the USA from an increasing number of online threats. A key element of the new strategy consists of shifting the cybersecurity burden from individuals, local governments, and small businesses to software developers,…

Read More

Goldman CEO Says, Asset and Wealth Management will be New Growth Driver for Bank

Goldman Sachs CEO David Solomon stated that asset management and wealth management will be the growth driver of the bank. Solomon said, “The actual story of opportunity for growth for us in the coming years is around asset management and wealth management. Goldman was already the fifth-biggest active asset manager in the world. There is genuine…

Read More

Amazon Employees Urge CEO to Reconsider Return-to-Office Mandate

Amazon employees are pushing CEO Andy Jassy to drop a return-to-office mandate. Jassy recently announced Amazon would require employees to work from the office a minimum of three days a week beginning May 1. Jassy said, “Amazon’s leadership team, known as the S-team, decided it would be easier for employees to collaborate and invent together in person and…

Read More