The holiday season, often characterized by joy, gratitude, and cherished moments with loved ones, can swiftly morph into a financial nightmare if not navigated cautiously. The surge in consumer spending during this time is palpable; according to a recent survey by NerdWallet, approximately 83% of Americans are gearing up to purchase gifts for family and
Finance
In a landscape where technology companies often rush towards public offerings, San Francisco-based Databricks is taking a deliberate and strategic approach to its funding. The company has plans to raise substantial capital—between $5 billion to $8 billion—in its latest funding round. While this news may signal traditional growth metrics to investors, it also reflects a
Tungsten, a critical metal renowned for its impressive hardness and resistance to heat, is integral to various industries, including defense and electronics. This metal, often cloaked in obscurity, underpins the functioning of weapons systems and semiconductor technologies. Its utility makes the geopolitical landscape surrounding tungsten particularly interesting, especially as new export regulations from China come
In recent years, the investment landscape has undeniably transformed, particularly with the surge in actively managed exchange-traded funds (ETFs). This evolution reflects significant shifts in investor behavior, characterized by a mass exodus from traditional active mutual funds. According to data from Morningstar, investors withdrew approximately $2.2 trillion from active mutual funds between 2019 and October
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
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