As we approach the close of another year, the outlook for gold remains surprisingly optimistic, thanks in large part to insights from key industry figures such as George Milling-Stanley, the chief gold strategist at State Street. Milling-Stanley recently expressed his continued bullish stance on gold during an appearance on CNBC’s “ETF Edge,” emphasizing that conditions
Finance
In recent discussions surrounding economic strategies, Citadel CEO Ken Griffin has emerged as a vocal critic of the steep tariffs proposed by President-elect Donald Trump. Griffin’s warning centers on the potential for crony capitalism to take root as a consequence of such protectionist policies. He articulates a scenario in which the immediate benefits of tariff
In a fluctuating economic environment, Baidu, one of China’s foremost technology companies, recently revealed its third-quarter earnings, highlighting an annual revenue drop yet outperforming market predictions. The contrasting nature of Baidu’s performance raises important questions about the company’s strategic direction and its ability to navigate the challenging landscape of technology and AI sectors. This article
The notion of an “industrial renaissance” currently unfolding in the United States is reshaping the investment landscape, ushering in a robust demand for capital that encompasses both debt and equity. Marc Rowan, CEO of Apollo Global Management, articulated this prevailing sentiment at the recent Global Financial Leaders’ Investment Summit held in Hong Kong. According to
The ongoing debate regarding the interchange fees imposed by major credit card companies like Visa and Mastercard has reached a critical juncture. Recently, the Senate Judiciary Committee held a hearing that marked a rare convergence between liberal and conservative lawmakers aiming to address the financial burden that these fees impose on small businesses and consumers
The landscape of financial technology (fintech) is evolving rapidly, yet one significant aspect remains under scrutiny—initial public offerings (IPOs). Recently, the spotlight has been on Klarna, a prominent player in the buy now, pay later sector, which has made headlines with its decision to file for a U.S. IPO. This move has sparked discussions among
In an era where social media has become a powerful tool for political discourse, Elon Musk’s recent endorsement for the role of Treasury Secretary exemplifies how influential figures can shape the political landscape. Musk’s advocacy for Howard Lutnick over Scott Bessent reveals not only his preferences but also his vision for economic reforms in the
In the wake of President-elect Donald Trump’s proposed tariff policies, investors find themselves at a crossroads of potential risk and opportunity. Money manager John Davi, the CEO and chief investment officer of Astoria Portfolio Advisors, emphasizes that the incoming administration’s approach could significantly influence market dynamics. His concern centers on the inflationary pressure these tariffs
As China gears up for the release of crucial economic indicators, Friday’s anticipated data on retail sales, industrial production, and fixed-asset investments will provide essential insights into the nation’s economic resilience. Analysts are predicting that retail sales will experience a year-on-year growth of 3.8% in October, a positive shift from September’s increase of 3.2%. This
Gary Gensler, the Chairman of the Securities and Exchange Commission (SEC), delivered a poignant address at the Practising Law Institute’s 56th annual conference on securities regulation. His remarks carried an unmistakable tone of reflection, suggesting an inevitable conclusion to his leadership. Since assuming office in April 2021, Gensler has navigated a multitude of challenges and