In a surprising move, Elon Musk took to social media over the weekend to share his thoughts on who should take the prestigious position of Treasury Secretary under President-elect Donald Trump. Musk, known for his influential posts on X, expressed his endorsement for Howard Lutnick, the co-chair of the Trump-Vance transition team and the CEO
Finance
As financial markets navigate the potential repercussions of a new administration’s tariff policy, money manager John Davi has struck a cautious note regarding investment strategies. With President-elect Donald Trump’s proposed tariff agenda in play, Davi, the CEO of Astoria Portfolio Advisors, is preparing for potential economic turbulence. His insight hinges on the belief that these
On an eagerly awaited Friday, China’s National Bureau of Statistics is poised to unveil crucial economic indicators including retail sales, industrial production, and fixed-asset investment for October. Analysts from Reuters have projected a modest rebound in retail sales, predicting a 3.8% year-on-year increase, a rise from September’s 3.2%. This uptick is seen as a signal
Gary Gensler, the current Chairman of the Securities and Exchange Commission (SEC), delivered what many observers interpreted as a significant and potentially farewell address at the Practising Law Institute’s 56th annual conference. Serving in this pivotal role since April 2021, Gensler reflected on his tenure with a tone that suggested a conclusion was near. His
The British motor finance industry finds itself at a critical juncture, confronting the fallout from a recently landmark court ruling that threatens to reshape its entire landscape. Analysts are drawing unsettling parallels to one of the nation’s most infamous financial scandals, the payment protection insurance (PPI) debacle, which bled banks dry to the tune of
The digital landscape has transformed drastically over the past few years, and with it, the tactics employed by cybercriminals have evolved. Recent reports indicate that U.S. and Canadian banks have witnessed a startling tenfold increase in digital scams throughout 2023, revealing a troubling trend that could undermine consumer trust in financial institutions. The rise highlights
In a significant stride towards revolutionizing e-commerce, Alibaba has launched Accio, an artificial intelligence-powered search engine aimed primarily at small and medium-sized enterprises (SMEs) across Europe and the Americas. The announcement, made on Tuesday, highlights Alibaba’s ambition to harness generative AI technology akin to ChatGPT to enhance purchasing decisions for businesses. Kuo Zhang, who holds
In recent months, the Federal Reserve has engaged in a significant recalibration of its monetary policy, marked by two consecutive interest rate cuts aimed at achieving a delicate balance between inflation management and employment support. Following a half-percentage point reduction in September, the Federal Open Market Committee (FOMC) further reduced the benchmark overnight lending rate
The investment landscape is undergoing a transformation, particularly with the introduction of exchange-traded funds (ETFs) that streamline pair-trade strategies for everyday consumers. Historically, pair trading required investors to operate with a nuanced understanding of markets, as it involved simultaneously buying and selling stocks in pairs for profit. However, with the latest initiatives by Tidal Financial
As China’s economy grapples with sluggish growth and a depressed real estate sector, the central government’s plan to announce additional economic stimulus measures is expected to make waves both domestically and internationally. Following a critical five-day meeting of the National People’s Congress, observers are eager to see how policymakers will respond to ongoing economic challenges.