The announcement of President-elect Donald Trump’s plans to impose additional tariffs on Chinese goods marks a significant development in U.S. trade policy. This intended increase by 10% on all imports from China, alongside a proposed 25% tariff on products from Mexico and Canada, indicates a shift towards protectionism that is likely to reshape America’s economic
Finance
In a significant move to adapt to the rapidly evolving financial landscape, the Consumer Financial Protection Bureau (CFPB) announced a new regulatory framework on Thursday that brings nonbank firms under its supervision. As technology-driven financial services, including payment and wallet applications, have gained traction, the CFPB recognizes the necessity of instituting similar governance for these
In recent months, the cryptocurrency market has experienced a remarkable surge, with Bitcoin often leading the charge and reaching new all-time highs. However, this rapid ascent has prompted caution among seasoned investors. George Milling-Stanley, chief gold strategist at State Street Global Advisors, likens the current excitement surrounding Bitcoin and other cryptocurrencies to a mirage, suggesting
Two decades after the introduction of the first gold-tracking Exchange-Traded Fund (ETF), George Milling-Stanley, the visionary behind this financial instrument, continues to express unwavering optimism regarding gold as a viable investment. In a recent appearance on CNBC’s “ETF Edge,” Millings-Stanley asserted that both the current year and the next show promising potential for this precious
As the economic landscape braces for significant shifts with the incoming administration, concerns about the impending implementation of steep tariffs by President-elect Donald Trump are escalating among financial experts and business leaders alike. Ken Griffin, the CEO of Citadel, articulated profound apprehensions about this move during his address at the Economic Club of New York.
In the ever-evolving landscape of technology, Chinese tech powerhouse Baidu has shown a remarkable knack for navigating turbulence. Recently, Baidu disclosed its third-quarter earnings, revealing a slight revenue decline of 3% year-on-year, which translates to approximately $4.78 billion for the quarter ending September 30. Although this figure falls short of last year’s performance, it exceeds
In recent discussions at the Global Financial Leaders’ Investment Summit held in Hong Kong, Marc Rowan, CEO of Apollo Global Management, illuminated the driving forces behind what he calls an “industrial renaissance” in the United States. This growing demand for capital — manifesting through both equity and debt — reflects a larger economic narrative currently
In recent years, the conversation surrounding the credit card payment industry has intensified, primarily due to the disproportionate control that Visa and Mastercard exert over the marketplace. The Senate Judiciary Committee’s recent hearing on this topic underscored a growing bipartisan concern regarding the implications of this duopoly on small businesses and consumers alike. Their alarming
In the ever-evolving world of financial technology, the prospects of going public have become a significant talking point, particularly in light of recent moves by major players such as Klarna. The Swedish buy now, pay later (BNPL) company has sparked considerable interest following its confidential filing for a U.S. initial public offering (IPO), yet many
As the political landscape shifts with the election of Donald Trump, discussions surrounding cabinet appointments become paramount, particularly for the role of Treasury Secretary. This position holds significant influence over the nation’s economic policies, making any endorsement or commentary particularly impactful. A recent post by Elon Musk on X has shed light on potential candidates,