The U.S. Federal Reserve has been the subject of much debate regarding the potential for a significant rate cut in the near future. Some analysts, such as Michael Yoshikami, CEO of Destination Wealth Management, believe that a jumbo 50 basis point rate cut would not spook markets. In fact, Yoshikami suggests that a larger cut
Global Finance
The influx of exchange-traded fund inflows has already surpassed monthly records in 2024. Analysts are now looking towards the money market fund boom as a potential influencer of ETF inflows before the year concludes. Nate Geraci, the president of The ETF Store, emphasized the impact of the $6 trillion stashed in money market funds, describing
China’s policymakers are facing significant challenges when it comes to addressing deflationary pressures and stimulating domestic demand. Yi Gang, former head of the People’s Bank of China, emphasized the importance of focusing on boosting domestic demand during his speech at the Bund Summit in Shanghai. He highlighted the need for proactive fiscal policy and accommodative
Visa recently announced its plans to introduce a dedicated service for account-to-account (A2A) payments in Europe, with the first launch scheduled for early next year in the U.K. This new service aims to revolutionize the way consumers make payments online by allowing them to set up direct debits with just a few clicks, providing more
The semiconductor and associated stocks in Asia experienced a decline on Wednesday morning, closely following the steep drop in Nvidia’s share price in the U.S. The U.S. chipmaker Nvidia saw a significant decrease of over 9% in regular trading, causing semiconductor stocks to trend lower amidst a sell-off on Wall Street. This downturn was triggered
China’s property sector struggles and U.S. sanctions have had a significant impact on the rankings of cities in the Milken Institute’s best performing cities China index. Hangzhou, the capital of Zhejiang province and a hub for tech companies like Alibaba, has secured the top spot in this year’s rankings. The city’s success is attributed to
China’s gaming industry has taken a monumental step forward with the release of Black Myth: Wukong, a game that has shattered world records and showcased the nation’s potential in the global gaming market. The action-packed title, set in mythological China, made headlines by selling over 10 million units just three days after its launch on
Chinese President Xi Jinping expressed his desire for improved relations with the United States during a meeting with U.S. national security advisor Jake Sullivan. President Xi emphasized the importance of finding “a right way” for the two countries to get along, despite escalating tensions in recent years. Despite the challenges in the China-U.S. relationship, President
Warren Buffett, at 94 years old, has defied all odds and led Berkshire Hathaway to new heights. His strategic brilliance, which has been executed with discipline, consistency, and unusual insight, has been credited for the success of his conglomerate. Howard Marks, a prominent investor and friend of Buffett, emphasized that it is not only the