In a shocking move, the Federal Reserve has proposed significant changes to a crucial capital regulation, the enhanced supplementary leverage ratio (eSLR). This decision, ostensibly aimed at bolstering banks’ operational flexibility, signals a disturbing trend toward complacency in an era still marred by the scars of the financial crisis. What is portrayed as a benign
Finance
The financial landscape is witnessing an unprecedented evolution, and it’s being powered by digital assets. On the verge of a revolution, Digital Asset has recently announced a considerable $135 million funding injection, backed by heavyweight names like Goldman Sachs and BNP Paribas. This strategic interest from major financial institutions signals a seismic shift from skepticism
As Federal Reserve Chair Jerome Powell prepares to testify on Capitol Hill, the stakes have never been higher. In a climate where political influence seems to seep into the sacred halls of monetary policy, Powell faces unprecedented scrutiny not just from Congress but also from the White House. His semiannual testimony, an occasion usually marked
Amidst a backdrop of fluctuating economic indicators, Federal Reserve Governor Christopher Waller has stirred the pot with his recent comments that suggest a timely shift in monetary policy might be on the horizon. In an interview on CNBC, Waller pointedly remarked that he expects no significant inflationary pressures to arise from existing tariffs. Consequently, he
In an astonishing turn of events, avatars crafted by artificial intelligence are now outperforming real human sales efforts in the competitive sphere of e-commerce. This revelation comes from a collaboration between China’s tech giant Baidu and Luo Yonghao, a prominent figure in the realm of livestreaming. During a recent six-hour livestream on Baidu’s “Youxuan” platform,
The Federal Reserve has long been a cornerstone of the American economic framework, a bastion of stability amidst fluctuating political tides. Yet, recent remarks from former President Donald Trump shine a glaring light on the perils of undermining this vital institution. With his characteristic bluster, Trump accused Fed Chair Jerome Powell of being “stupid” and
Regencell Bioscience Holdings, a Hong Kong-based company dabbling in traditional Chinese medicine (TCM), has recently taken the stock market by storm, boasting an astronomical leap in share prices that can only be described as speculative mania. With no revenue to speak of and a track record that invites skepticism, the company’s surge—peaking at over 58,000%
China’s economy has recently witnessed an uptick in retail sales growth, with May’s figures rising by an impressive 6.4% compared to the same month last year. For many, this spike might seem like a sign of recovery in the world’s second-largest economy, especially considering the dismal backdrop of ongoing deflation and sluggish growth. But is
In a time when energy demand is reaching unprecedented heights, the spotlight shines brighter than ever on uranium as a viable power source. John Ciampaglia, the CEO of Sprott Asset Management, asserts that we’re witnessing a transformative shift in the perception of nuclear energy. This perspective is not only timely but reflects a growing need
In an audacious display of confidence, Chinese enterprises are charting a bold course into the global marketplace, propelled by a desire to establish their brands and reach far beyond their domestic borders. The recent stock listing of Insta360 on Shanghai’s STAR board serves as a striking emblem of this trend. With a staggering raise of