In a recent address at the Economic Club of New York, Ken Griffin, the esteemed CEO of Citadel, cast a critical eye on the impending trade policies proposed by President-elect Donald Trump. Griffin’s insights provide a profound perspective on the repercussions of tariffs—a subject that consistently garners heated debate among economists, business leaders, and policy
Finance
With the global landscape constantly evolving, the allure of gold as a safe-haven asset remains steadfast. George Milling-Stanley, the chief gold strategist at State Street, encapsulates this sentiment perfectly as he reflects on the last two decades since the inception of the first gold-tracking ETF. According to recent statements made on CNBC’s “ETF Edge,” Milling-Stanley
In the rapidly evolving tech landscape, resilience is a trait that defines success. Baidu, one of China’s leading technology firms, recently revealed its financial performance for the third quarter of 2023, showcasing both the challenges of revenue decline and the silver lining of growing artificial intelligence (AI) cloud services. Despite a notable 3% decrease in
In recent months, the United States has experienced a notable resurgence in capital demand, driven by various economic factors and government initiatives. This industrial renaissance, as described by industry leaders like Marc Rowan, CEO of Apollo Global Management, highlights the unprecedented appetite for investment in sectors such as infrastructure and technology. Speaking at the Global
The ongoing debate surrounding the credit card industry, particularly the dominance of Visa and Mastercard, has become a focal point in discussions about consumer rights, fair business practices, and the financial health of small businesses. The rising dissatisfaction with these two financial giants has led to various governmental hearings, including a significant session held by
The ever-evolving landscape of financial technology (fintech) has recently been dominated by speculations surrounding initial public offerings (IPOs). A notable highlight has been the recent confidential filing of buy now, pay later giant Klarna to go public in the United States. This move has sparked discussions within the fintech community, with industry leaders cautiously assessing
In a recent statement on X, business magnate Elon Musk has voiced his support for the nomination of Howard Lutnick for the role of Treasury Secretary in President-elect Donald Trump’s upcoming administration. By selecting Lutnick, the CEO and chairman of Cantor Fitzgerald, Musk suggests a preference for a leader who can bring about tangible transformation
As President-elect Donald Trump prepares to implement his tariff agenda, investors are faced with a unique landscape that requires strategic navigation. Money manager John Davi, CEO of Astoria Portfolio Advisors, perceives these policy changes as potentially inflationary, which raises red flags for asset allocation. Davi’s insights challenge investors to reassess the traditional notions of diversification
On the cusp of releasing pivotal economic data, China stands at a crossroads in its recovery journey. The National Bureau of Statistics is set to unveil key reports this Friday that encompass retail sales, industrial production, and fixed-asset investments for the month of October. Analysts surveyed by Reuters predict a noteworthy resurgence in retail sales,
Gary Gensler, chair of the U.S. Securities and Exchange Commission (SEC), delivered a significant address at the Practising Law Institute’s 56th annual conference on securities regulation, which many interpreted as a poignant reflection on his near two-year tenure. Since taking the helm in April 2021, Gensler has navigated the SEC through an increasingly complex financial