In an era where federal consumer protection is at risk of being undermined, New York Attorney General Letitia James has taken a monumental step to shield consumers and small businesses from rampant scams and fraudulent practices. The proposed Fostering Affordability and Integrity through Reasonable Business Act (FAIR) is not merely an incremental change; it is
Finance
DeepSeek’s emergence as a formidable AI competitor has sent shockwaves through China’s venture capital landscape, igniting a resurgence of interest after a staggering three-year lull. With the launch of their innovative OpenAI challenger in late January, the wheels of investment have started turning again. Insilico Medicine, a company at the forefront of AI-driven drug discovery,
Investors from mainland China are flocking to the Hong Kong stock market in unprecedented numbers, with net purchases recently hitting a staggering 29.62 billion Hong Kong dollars ($3.81 billion). While this influx may paint a rosy picture, it’s critical to scrutinize the underlying motivations and potential risks associated with this strategic pivot. The “connect” programs—Shanghai
President Donald Trump hailed tariffs as a magical tool for job creation, suggesting they could revolutionize the American job market. However, this rhetoric is more political theater than reality. While populist countries often portray tariffs as necessary defenses against globalization, the evidence clearly illustrates that protectionist policies have damaging repercussions for the American economy. Instead
In a striking departure from the confrontational rhetoric that has characterized recent discussions, China’s Foreign Minister Wang Yi has adopted a more reconciliatory position regarding U.S.-China relations. During a press conference held on Friday in Beijing, which coincided with China’s annual parliamentary meetings dubbed the “Two Sessions,” Wang made it clear that hostility would not
In the financial landscape, private credit investments have long resided behind a metaphorical velvet rope, exclusively accessible to the elite and institutional players. This practice not only fuels inequality but stifles opportunities for retail investors who wish to diversify their portfolios through alternative assets. Joanna Gallegos, co-founder of BondBloxx, is on a mission to dismantle
In an era characterized by political unpredictability and economic fluidity, Federal Reserve Chairman Jerome Powell’s recent remarks underscore a critical moment for monetary policy in America. The Fed operates in a realm where decisions are not made in isolation. Instead, they are intricately tied to broader political dynamics, particularly in the context of the current
China’s Finance Minister Lan Fo’an made it clear recently that the nation possesses significant latitude to navigate fiscal policy during a time of national and international uncertainties. This assertion comes at a politically charged moment, as the country grapples not only with external pressures, such as rising tariffs imposed by the United States, but also
This year, China’s decision to bolster its defense budget by 7.2%, mirroring previous years’ growth, raises significant concerns about regional and global security. Allocating 1.78 trillion yuan (approximately $245 billion) for defense not only reflects China’s steadfast commitment to maintaining its sovereignty but underlines a troubling shift in the geopolitical landscape. This increase is noticeably
In a significant development for international trade relations, the Chinese government has declared a new set of tariffs targeting U.S. goods, effective March 10. This move is a calculated response to the additional tariffs recently imposed by the United States, underscoring the ongoing trade war that has been a defining aspect of U.S.-China relations in