Recent comments from Treasury Secretary Scott Bessent reveal a deep-seated belief that the expansive government spending under the Trump administration could have already landed the economy in a financial crisis. While some might view Bessent’s pronouncements as vindicating alarmist perspectives, they deserve a closer examination, especially when considering his assertion that without intervention, a crisis
Finance
In a financial landscape increasingly characterized by chaos and unpredictability, Goldman Sachs Asset Management has taken an essential, albeit cautious, step by introducing the Goldman Sachs U.S. Large Cap Buffer 3 ETF. Led by Bryon Lake, who joined the firm specifically to spearhead new investment strategies, this move caters to the urgent demand for products
In what can only be described as a dazzling pivot in the world of entertainment and consumer experiences, Chinese video streaming giant iQiyi has announced the forthcoming opening of its very own theme park, “iQiyi Land.” Set to launch in Yangzhou, this ambitious project embodies a significant step away from traditional media consumption into fully
In a remarkable move that showcases the essential role of state leaders in safeguarding citizen rights, New York Attorney General Letitia James has introduced the Fostering Affordability and Integrity through Reasonable Business Act (FAIR Business Practices Act). This legislation is no ordinary bill; it represents a decisive shift in the balance of power between consumers
In the landscape of global technology, few developments resonate with the same fervor as China’s burgeoning artificial intelligence (AI) sector. Following three years of lackluster venture capital activity, the recent launch of DeepSeek’s AI platform has ignited hope and interest among investors, reminiscent of the early days of the internet boom. This resurgence highlights not
In an unprecedented wave of optimism, mainland Chinese investors are flooding into the Hong Kong stock market, driving net purchases to a staggering 29.62 billion Hong Kong dollars ($3.81 billion)—a record high since the inception of the “connect” program in 2014. This surge is not just a number. It signifies a profound shift in investor
In recent years, tariffs have emerged as a polarizing topic in American economic discourse. The rhetoric surrounding them often paints a rosy picture of job creation and economic resurgence, exemplified by former President Donald Trump’s bold claims that tariffs would herald an unprecedented job boom. However, this narrative is increasingly being challenged by economists and
Recently, during a pivotal press conference, China’s Minister of Foreign Affairs, Wang Yi, demonstrated a significant alteration in tone regarding U.S. relations. While the prevailing sentiment from Beijing often oscillates between aggression and defiance, Wang’s message at this particular moment resonated with an unexpected note of conciliation. Addressing a domestic and international audience, he emphasized
The financial landscape has largely been shaped to favor the ultra-wealthy. Yet, a new wave of change is on the horizon as the exchange-traded fund (ETF) industry paves the way for wider access to alternative investments, including private credit. Joanna Gallegos of BondBloxx recently echoed a sentiment that many have long hoped for: “We don’t
In his recent remarks, Federal Reserve Chairman Jerome Powell effectively encapsulated the precariousness of our current economic landscape. The ongoing volatility brought about by President Donald Trump’s aggressive policy maneuvers—centered on tariffs, immigration, and fiscal changes—creates an atmosphere thick with uncertainty. Instead of hastily adjusting monetary policy in response to these fluctuations, Powell emphasizes patience