In recent months, the United States has been witnessing what can only be described as an “industrial renaissance.” This revitalization is characterized by a burgeoning demand for capital across various sectors, including infrastructure and technology, as highlighted by Marc Rowan, the CEO of Apollo Global Management. At the recent Global Financial Leaders’ Investment Summit in
Finance
The current economic landscape in the United States has sparked renewed scrutiny over the market dominance held by Visa and Mastercard, particularly concerning their control over interchange fees. This issue was thrust into the limelight during a recent hearing held by the Senate Judiciary Committee, where bipartisan members expressed concern about the implications of what
The financial technology sector, previously riding a wave of enthusiasm surrounding digital payments and innovative payment methods, is experiencing a cautious moment. While the anticipation built up around Klarna’s recent filing for an Initial Public Offering (IPO) in the U.S. has sparked conversations, the overall sentiment remains tempered among fintech unicorns regarding their own IPO
In a recent post on social media platform X, tech magnate Elon Musk made headlines by endorsing Howard Lutnick for the critical position of Treasury Secretary in President-elect Donald Trump’s forthcoming administration. The position remains vacant as Trump has yet to declare his pick, but the endorsement from Musk—a key figure in the tech world
As the new administration under President-elect Donald Trump prepares to implement its tariff agenda, investors face a challenging and uncertain economic environment. The anticipated policies are raising concerns about potential inflationary pressures that could ripple through the economy. In light of this, investors must strategically navigate their portfolios to safeguard against volatility while capitalizing on
As China braces for the release of key economic indicators this Friday, analysts and investors alike are eager to dissect retail sales, industrial production, and fixed-asset investment data for the month of October. The National Bureau of Statistics is expected to reveal a year-on-year increase of 3.8% in retail sales, a moderate rise from September’s
This morning, SEC Chairman Gary Gensler delivered a significantly poignant address at the Practising Law Institute’s 56th annual conference on securities regulation. The undertones of his speech echoed a sense of closure, leading many to speculate about his future at the helm of this vital regulatory agency. Gensler’s tenure, which commenced in April 2021, has
The motor finance industry in the United Kingdom finds itself in a precarious position, with ramifications that could echo the infamous payment protection insurance (PPI) scandal. This looming crisis has its roots in a pivotal ruling made by the U.K. Court of Appeal in late October, which has rattled both car dealers and finance institutions
In an alarming trend that has emerged within the financial landscape of North America, recent data indicates a staggering increase in digital scams perpetrated against consumers. Information provided by the cybersecurity firm BioCatch reveals that the first three quarters of 2023 have seen scams increase tenfold among U.S. and Canadian banks. This surge has coincided
In a significant move to enhance the procurement landscape for small businesses in Europe and the Americas, Alibaba has launched Accio, an innovative search engine powered by artificial intelligence. This new tool aims to help businesses efficiently source supplies, utilizing advanced technology akin to that of popular AI chatbots like ChatGPT. The initiation of Accio