In a strategic move emblematic of his approach to governance, President-elect Donald Trump has appointed Kevin Hassett to lead the National Economic Council (NEC). This decision places Hassett at the forefront of shaping economic policy during an administration that is poised to implement significant changes in areas such as trade, taxation, and deregulation. As Trump
Finance
In the ever-evolving landscape of global trade, the announcement of new tariffs can set off a chain reaction that reverberates through economies worldwide. Following a post on his social media platform, President-elect Donald Trump declared an intention to impose a 10% tariff on all Chinese goods entering the United States, which he articulated as a
The emergence of nonbank financial services has reshaped the way consumers interact with their money. As technology continues to evolve, companies that offer payment solutions—such as Apple, Google, and Amazon—have begun to operate similarly to traditional banks. This shift has culminated in the Consumer Financial Protection Bureau’s (CFPB) latest announcement to implement heightened supervision over
The expansive rally of Bitcoin has sparked enthusiasm among many investors, but according to George Milling-Stanley, a leading strategist at State Street Global Advisors, this attitude may be misleading. As the chief gold strategist for the firm behind the world-renowned SPDR Gold Shares ETF (GLD), Milling-Stanley argues that the allure of Bitcoin as a lucrative
Two decades after the inception of the first gold-tracking exchange-traded fund (ETF), George Milling-Stanley, the chief gold strategist at State Street, continues to express a strong belief in the precious metal’s enduring value. Speaking recently on CNBC’s “ETF Edge,” he highlighted a decidedly positive outlook for both the current and upcoming year, emphasizing strong demand
During a recent address at the Economic Club of New York, Ken Griffin, the CEO of Citadel, voiced his apprehensions regarding the tariffs promised by President-elect Donald Trump. Griffin’s commentary serves as a critical perspective on the potential adverse effects of protectionist policies, particularly the risk of fostering crony capitalism. He expressed a significant concern
In the latest financial disclosure from Baidu, China’s leading technology firm, the company reported a marginal decline in revenue for the third quarter of 2023, revealing a complex landscape of growth and struggle. Despite an annual revenue decrease of 3%, Baidu exceeded analysts’ expectations and posted revenues of $4.78 billion for the quarter ending September
The U.S. is witnessing an unprecedented surge in demand for capital, heralded by what industry leaders are dubbing an “industrial renaissance.” This term indicates not only a revival of traditional manufacturing but also the burgeoning sectors that are crucial for future economic stability and growth. At a recent Global Financial Leaders’ Investment Summit in Hong
The ongoing conflict between Visa, Mastercard, and the merchants affected by their significant market shares has reached a critical point. Recently, the Senate Judiciary Committee held a pivotal hearing focusing on the so-called “duopoly” of these payment giants, highlighting the struggles of retailers grappling with exorbitant interchange fees—costs that have become a pressing issue for
The financial technology (fintech) sector has experienced remarkable shifts in recent years, driven by innovation and consumer demand for more efficient payment solutions. However, the path to public offerings for many fintech startups remains fraught with uncertainty. With notable firms like Klarna signaling their readiness for an Initial Public Offering (IPO), the broader community of