Philadelphia Federal Reserve President Patrick Harker recently expressed his strong support for an interest rate cut during an interview with CNBC at the Fed’s annual retreat in Jackson Hole, Wyoming. Harker’s stance marks a significant shift in the central bank’s monetary policy, signaling that easing measures are likely to be implemented when officials convene next
Finance
British technology entrepreneur Mike Lynch made headlines in June when he was acquitted of fraud charges in a landmark trial over allegations made by Hewlett Packard. The tech giant accused Lynch of artificially inflating the value of his company, Autonomy, when he sold it for $11.7 billion in 2011. Despite his acquittal, Lynch’s troubles were
The comparison between the total cost of ownership for electric vehicles (EVs) and traditional gasoline cars is a critical factor for consumers considering making the switch to electric transportation. While EVs have the potential to be more cost-effective over the long term, there are several variables that can influence this decision. Factors such as upfront
As the market experiences increased volatility, investors are constantly seeking ways to protect their assets while still maintaining exposure to potential gains. One such strategy that has gained attention is the use of buffer exchange-traded funds (ETFs). These buffer ETFs offer investors a level of protection from market downturns while allowing them to participate in
Chinese electric car brand Zeekr has made a significant announcement regarding their latest innovation in battery technology. They have introduced new batteries that claim to have the fastest charge in the world, aiming to address consumer concerns regarding battery driving range and charging convenience. Ultra-Fast Charging Capability According to Zeekr, their new batteries can go
China’s financial risks have decreased, according to Pan Gongsheng, the Governor of the People’s Bank of China. In an interview with state media, Pan mentioned that the overall risk level has significantly declined and highlighted the reduction in the number and debt levels of local government financing platforms. These platforms were initially created to enable