In a time when the specter of financial calamity looms larger than ever, Treasury Secretary Scott Bessent recently stated that the Trump administration is taking proactive measures to avert a crisis rooted in years of unchecked government expenditures. While his declaration of a financial crisis seeming inevitable without intervention may appear alarmist, it highlights a
Finance
As the marketplace grows increasingly turbulent, investors are actively seeking strategies that provide a safeguard against significant downturns. One notable player in this shift is Goldman Sachs Asset Management, which is pushing forth the concept of buffer exchange-traded funds (ETFs). Recently, they launched the Goldman Sachs U.S. Large Cap Buffer 3 ETF, which aims to
In a landscape where traditional retail struggles to capture consumer interest, iQiyi’s announcement of its first full-fledged theme park, aptly named “iQiyi Land,” is a bold statement that taps into the evolving appetite for immersive experiences. This park, situated in Yangzhou, Jiangsu province, intends to create a unique atmosphere where storytelling from iQiyi’s films and
In a notable response to growing concerns over consumer rights, New York Attorney General Letitia James has unveiled the Fostering Affordability and Integrity through Reasonable Business Act. This ambitious legislation aims to revamp the state’s outdated consumer protection framework, which has remained largely stagnant since 1970. With the federal Consumer Financial Protection Bureau (CFPB) effectively
The Chinese venture capital landscape, long overshadowed by a consistent downturn, is witnessing a significant shift. At the forefront of the revitalization is DeepSeek, which has recently released an advanced AI model that rivals OpenAI’s offerings. This development, timed perfectly with the unveiling of other innovative technologies, has generated a buzz in investment circles and
The current surge of mainland Chinese investors into the Hong Kong stock market signifies a remarkable momentum, with net purchases reportedly hitting a staggering 29.62 billion Hong Kong dollars (approximately $3.81 billion) recently. This is noteworthy, as it marks the highest level of investment seen since the establishment of the stock connect program designed to
Former President Donald Trump’s assertion that tariffs would be a boon for job creation stands in stark contrast to the views of many economists who have analyzed the repercussions of increased duties on imports. Trump’s proclamations painted tariffs as a magical solution, promising unprecedented job growth, yet empirical evidence suggests a contrary reality. Contrary to
Recently, China’s Minister of Foreign Affairs, Wang Yi, adopted a surprisingly conciliatory stance during a press briefing. This shift in tone is significant coming from one of the most senior diplomats of the Chinese Communist Party. At face value, his insistence on “peaceful coexistence” and a mutual partnership with the United States raised hopes for
The landscape of investment has long been dominated by the ultra-wealthy and institutional investors, leaving the average retail investor with limited options. However, a shift is underway as exchange-traded funds (ETFs) begin to bridge this gap, offering access to alternative investments like private credit. This promises to democratize financial markets and empower individual investors to
In the ever-evolving economic landscape, Federal Reserve Chairman Jerome Powell stands as a pivotal figure, promoting a cautious outlook on monetary policy amidst the uncertainty generated by President Donald Trump’s aggressive policy changes. Powell has articulated a need for patience, suggesting that waiting for clearer signals from the White House will provide a more accurate
China finds itself at a critical juncture, facing a barrage of external challenges while striving to maintain economic growth. With U.S. tariffs escalating under the previous administration, China is forced to recalibrate its fiscal strategies. Amid these turbulent times, Finance Minister Lan Fo’an’s recent statements reveal a coordinated effort to bolster China’s fiscal policy, offering