UBS becomes the latest bank to announce job cuts in New Jersey. A Federal Reserve study reveals the negative impact of inflation on financial situations. Former finance chief Antony Leung's firm acquires a Hong Kong cancer centre. A nursing home in Red Wing, Minnesota, is set to close due to financial problems and disrepair. Simply Finance covers these stories to provide insights into the challenges faced by the finance sector, the consequences of inflation on everyday Americans, innovative developments in healthcare, and the implications of nursing home closures.Sources:https://www.northjersey.com/story/news/business/2024/05/23/ubs-latest-bank-to-make-nj-job-cuts-as-finance-sector-shrinks/73820452007/https://www.pymnts.com/consumer-insights/2024/fed-study-two-thirds-of-adults-say-inflation-made-financial-situation-worse/https://www.scmp.com/business/china-business/article/3263850/former-finance-chief-antony-leungs-new-frontier-buys-hong-kong-cancer-centre-it-eyes-expansionhttps://www.startribune.com/its-finances-and-facility-in-shambles-red-wing-nursing-home-will-close-in-july/600368264/Outline:(00:00:00) Introduction(00:00:47) UBS latest bank to announce NJ job cuts as finance sector shrinks(00:04:06) Fed Study: Two-Thirds of Adults Say Inflation Made Financial Situation ‘Worse’(00:06:59) Ex-finance chief Leung’s firm buys Hong Kong cancer centre as it expands in GBA(00:09:24) Its finances and facility in shambles, Red Wing nursing home will close in July