The United States is currently experiencing what can be described as an “industrial renaissance,” a phrase used to encapsulate the surge in capital demand due to various factors, including significant government spending and an expansion in key sectors such as infrastructure and technology. Marc Rowan, the CEO of Apollo Global Management, made this observation at
Finance
The current landscape of credit card processing has brought to light a significant challenge faced by small businesses across America. The alleged duopoly of Visa and Mastercard, which dominate the payment processing arena, has raised concerns about fair competition and the impact of interchange fees on retailers. On Tuesday, the Senate Judiciary Committee convened a
In recent months, the financial technology sector has witnessed a renewed interest in initial public offerings (IPOs), spearheaded by Klarna’s notable attempt to go public in the United States. Yet, despite this buzz, many fintech companies, particularly unicorns, appear to be taking a step back, choosing to watch from the sidelines rather than jump into
In the ever-evolving landscape of American politics, the appointment of key cabinet positions plays a critical role in shaping policy and governance. Recently, Elon Musk, the influential CEO of Tesla and SpaceX, made headlines by expressing his endorsement for Howard Lutnick as Treasury Secretary, a position that President-elect Donald Trump has not yet officially filled.
With the ascendance of Donald Trump to the presidency, the economic landscape appears primed for considerable transformation, particularly concerning his anticipated tariff policies. As an astute money manager, John Davi from Astoria Portfolio Advisors is strategically adapting his investment approach to navigate these changes. His insights underscore the importance of vigilance and selective investment during
On the brink of significant economic data release, China’s National Bureau of Statistics is poised to unveil its October figures, detailing crucial indicators including retail sales, industrial production, and fixed-asset investment. Analysts, reflecting apprehensions and aspirations alike, are expecting a noticeable improvement in these metrics. Retail sales, pivotal to economic health, are projected to show
In a rather poignant address at the Practising Law Institute’s 56th annual conference, SEC Chairman Gary Gensler offered a retrospective on his tenure, which began in April 2021. While he stopped short of announcing his resignation, his words had an unmistakable farewell quality. Gensler expressed profound respect for the agency, and his pride in contributing
The motor finance industry in the United Kingdom is currently facing a tumultuous period. With the ripples of a pivotal ruling by the Court of Appeal still reverberating through the sector, analysts are drawing alarming parallels to the notorious payment protection insurance (PPI) scandal. The foundational elements of this crisis emerge from a court decision
In 2023, a staggering increase in digital scams has sent shockwaves through financial institutions in the United States and Canada. A report from cybersecurity experts at BioCatch highlights a tenfold rise in scams, predominantly through methods that manipulate unsuspecting consumers into transferring money directly to fraudsters. This drastic spike in fraudulent activities comes despite enhanced
In an era where technology often shapes the trajectory of business, Alibaba has introduced a pioneering tool aimed at redefining how small businesses access sourcing solutions for supplies. This innovative step presents an amalgamation of e-commerce and artificial intelligence (AI), primarily in response to the growing demand for efficiency and profitability in global trade. On