Recent comments by Treasury Secretary Scott Bessent serve as a wake-up call to those who believe the economy is on stable ground. During a revealing appearance on NBC’s “Meet the Press,” Bessent pointed to the alarming trajectory of government spending as a root cause behind a looming financial crisis. His assertion that a failure to
Finance
Goldman Sachs Asset Management has unveiled its latest innovation targeting investors: the Goldman Sachs U.S. Large Cap Buffer 3 ETF. This fund is positioned as a savior in today’s tumultuous economic waters, claiming to provide investors with a safety net against the potential freefall of the market. However, one must scrutinize the veracity of such
In a significant move that could redefine the entertainment landscape in China, iQiyi, the nation’s leading video streaming platform, has announced plans to launch its first fully-fledged theme park, dubbed “iQiyi Land,” in Yangzhou, Jiangsu province. This initiative represents an ambitious effort to respond to evolving consumer preferences as Chinese consumers increasingly prioritize experiences over
In an era where financial stability seems increasingly elusive for many individuals and small businesses, New York Attorney General Letitia James has taken a monumental step to shield consumers from the predatory practices of various industries. Her announcement of the Fostering Affordability and Integrity through Reasonable Business Act, or the FAIR Business Practices Act, embodies
In early 2024, China found itself at a crucial intersection, and the arrival of DeepSeek’s innovative artificial intelligence solution has caused ripples through the venture capital (VC) landscape that could not have come at a better time. After a prolonged slump of three years in VC investments, marked by a record low of $48.86 billion,
The recent surge in Hong Kong’s stock market presents a striking narrative of investment dynamics and economic optimism from mainland China. With a record-breaking influx of net mainland buying reaching an astonishing 29.62 billion Hong Kong dollars ($3.81 billion), it signals that investors are not merely dabbling but are wholeheartedly confident in the future prospects
Since stepping onto the national stage, former President Donald Trump has touted tariffs as the magic bullet for job creation, claiming they would “create jobs like we have never seen before.” However, the harsh reality contradicts his assertions. Economists have sounded the alarm, labeling these trade policies as a “lose-lose” scenario that threatens rather than
In an unexpected turn during a recent press conference, China’s Minister of Foreign Affairs, Wang Yi, surprised many analysts with a call for a more cooperative approach to U.S.-China relations. With tensions between the two global powerhouses running high—marked notably by a series of aggressive tariffs introduced by the U.S.—Wang’s statements signal a noteworthy pivot
In a world where financial markets are often dominated by the hyper-wealthy and institutional power players, the conversation around retail investors gaining more access to alternative investments, such as private credit, is gaining momentum. Companies like BondBloxx are pioneering this new frontier, advocating for equity in investment opportunities available to everyday investors. Yet, as seen
In a world where the economic landscape can shift as rapidly as the political tides, Federal Reserve Chairman Jerome Powell’s latest pronouncement reflects a delicate balancing act. With President Donald Trump’s administration embarking on aggressive policy maneuvers that encompass trade tariffs, immigration reforms, fiscal policies, and regulatory changes, Powell asserts that the Federal Reserve must