In an era marked by fluctuating economic conditions, gold remains a beacon of stability and potential for investors. George Milling-Stanley, the chief gold strategist at State Street, continues to advocate for gold’s significant role in investment portfolios, a sentiment he has held for over two decades since the inception of the SPDR Gold Shares ETF
Finance
In a poignant address at the Economic Club of New York, Ken Griffin, the CEO of Citadel, voiced serious concerns regarding the aggressive tariff policies proposed by President-elect Donald Trump. His warnings about the inclination toward crony capitalism—a system characterized by intertwined interests between businesses and government officials—raise critical questions about the long-term implications of
The third-quarter earnings report of Baidu, one of China’s leading technology firms, has brought to light a complexity of victories and challenges that underscore the current landscape of the tech industry. While the company reported a slight decline in overall revenue, there were notable increases in key sectors, particularly artificial intelligence (AI) and cloud computing.
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
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