In a climate where consumer rights are increasingly vulnerable, New York Attorney General Letitia James has stepped boldly into the breach. Her latest initiative, the Fostering Affordability and Integrity through Reasonable Business Act, aims to bolster protections for consumers and small businesses against predatory practices. This law comes at a crucial juncture as the federal
Finance
In a landscape fraught with economic uncertainty, China’s venture capital scene appears ready to stage a dramatic comeback, thanks to groundbreaking advancements in artificial intelligence (AI). The arrival of DeepSeek’s AI technology earlier this year has sent ripples of excitement throughout the investment community, quelling years of stagnation and setting the stage for renewed interest
The Hong Kong stock market is currently experiencing a renaissance, with record-breaking investments from mainland Chinese investors. A remarkable surge in stock purchases, totaling 29.62 billion Hong Kong dollars (approximately $3.81 billion), has captured the attention of analysts and investors alike. This influx marks the highest level of net purchases since the inception of the
When President Donald Trump asserted that tariffs would “create jobs like we have never seen before,” he tapped into a narrative that many Americans want to believe: that protectionist policies can resurrect a bygone era of domestic manufacturing and stability. However, economic experts like Mark Zandi, chief economist of Moody’s, argue that the truth is
In a remarkable shift in rhetoric, China’s Minister of Foreign Affairs Wang Yi recently adopted an unexpectedly conciliatory stance regarding the fraught relations with the United States. This comes at a time when tensions appear to be at a boiling point, characterized by aggressive trade tariffs and retaliatory measures. While just days ago, the dialogue
The investment landscape for retail investors has long been regarded as a domain dominated by the ultra-wealthy and institutional players. Traditional investment vehicles often neglect the average investor. However, the emergence of alternative investments, notably via exchange-traded funds (ETFs), presents a glimmer of hope in democratizing investment opportunities. Companies like BondBloxx are spearheading this movement
In a surprising yet thoughtful move, Federal Reserve Chairman Jerome Powell emphasized a cautious approach to monetary policy while uncertainty looms over President Donald Trump’s various economic policies. Confirming that the central bank will exercise patience, Powell’s stance reflects a stark but necessary departure from the impulsive tendencies seen throughout recent political maneuvers. Recognizing that
As China navigates a complex domestic and international landscape, Finance Minister Lan Fo’an’s recent comments highlight the nation’s readiness to leverage fiscal policy as a key tool for economic resilience. Amid wavering consumer confidence and escalating trade tensions, China recognizes the urgency of widening fiscal avenues to stimulate growth. The ambitious move to increase the
In a move that sends shivers down the spines of neighboring nations and global observers alike, China’s defense expenditure is set to climb by 7.2% this year, echoing the same rate of increase that has characterized its budget for the previous two years. With a proposed spending total of 1.78 trillion yuan (approximately $244.99 billion)
In an escalating response to the United States’ newly imposed tariffs, China announced on Tuesday new tariffs of up to 15% on selected U.S. products, effective from March 10. This move is part of a broader trade conflict that has intensified, coinciding with the U.S. increasing its tariffs on Chinese imports. According to statements from