As tensions simmer between China and the United States, financial institutions are starting to weigh in, and the forecasts are illuminating a troubling reality. On Tuesday, Citi led the charge in downgrading its growth outlook for China amidst intensifying trade hostilities. With the U.S. imposing crippling tariffs that have surged more than double in a
Finance
In an age marked by uncertainty and financial tumult, the ambition of Monte dei Paschi di Siena (MPS) to acquire Mediobanca for an astounding 13 billion euros is both audacious and perplexing. The world’s oldest bank clings to its plans like a shipwrecked sailor to driftwood, determined to bolster its stature despite a tempestuous market
Bitcoin’s recent descent below the $78,000 threshold is a stark reminder of the fragility that underlies even the most promising digital assets. For the first time this year, Bitcoin has seen a significant drop, falling 28% from its January peak. This decline has been exacerbated by the ripple effects of President Donald Trump’s implementation of
In a landscape crowded with financial technology startups, Pennylane has recently captured attention by doubling its valuation to 2 billion euros ($2.16 billion) after securing a significant 75 million euro funding round. The backing from heavyweights like Sequoia Capital, Alphabet’s CapitalG, and DST Global sounds impressive and heralds the potential for transformation in the accounting
In an investment landscape often characterized by relentless trading and emotional decision-making, it is ironically the “dead” investors—those who embrace a passive, buy-and-hold strategy—who manage to outperform their more active counterparts. This concept is critical for anyone trying to navigate the treacherous waters of stock markets, yet it remains an anomaly in our culture of
In an age of rapid information exchange, the spread of misinformation has become alarmingly common, threatening to shape public opinion and political discourse in dangerous ways. The recent incident involving President Donald Trump and Warren Buffett serves as a vivid example of this phenomenon. Trump shared a sensational video that falsely attributed to Buffett several
In an electrifying turnaround reminiscent of a phoenix rising from its own ashes, Hong Kong’s initial public offering (IPO) landscape is experiencing a remarkable revival. Following the groundbreaking claims from DeepSeek, a small yet ambitious AI startup that asserts it can compete with tech giants like OpenAI’s ChatGPT, a wave of optimism has washed over
In a jaw-dropping turn of events, shares of the conservative news outlet Newsmax experienced a staggering 77.5% drop, a stark reminder of the volatility that characterizes the modern stock market. After a sensational launch that saw its stock soar by an ear-popping 2,230% in its initial trading days, the fall from grace was rapid and
The appointment of Robert F. Kennedy Jr. to head the Health and Human Services (HHS) is a critical moment that could greatly influence public health in America. HHS is an agency designated to protect and enhance the health of Americans through prevention, treatment, and research. However, elevating a known anti-vaccine activist to such a significant
In a financial environment fraught with uncertainty, especially surrounding impending tariff deadlines, a prevailing sense of dread has gripped investors. This atmosphere bears stark resemblance to the panic following the collapse of Silicon Valley Bank in March 2023, a sentiment shared by Evercore ISI’s Julian Emanuel. The prevailing belief is that such palpable anxiety is