U.S. Treasury Secretary Janet Yellen recently hinted at her future plans after President Joe Biden’s term ends in January. During the Texas Tribune Festival in Austin, Texas, Yellen mentioned that she is “probably done” serving at the highest levels of government, but left some room for ambiguity by saying, “we’ll see.” This comment marks a
Over the weekend, thousands of individuals in France took to the streets in protest of President Emmanuel Macron’s recent decision to appoint Michel Barnier, a center-right figure, as prime minister. This move has sparked outrage from left-wing parties who have accused Macron of manipulating legislative elections to his advantage. Macron’s choice of Barnier follows a
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
The beloved Elizabeth Street Garden in lower Manhattan faces the threat of becoming a casualty in New York City’s push to develop more housing. Despite opposition from celebrities like Robert De Niro and Martin Scorsese, the city has proposed a 123-unit affordable housing project for seniors on the one-acre plot. Alternative sites nearby have been
The dream of a U.S. manufacturing renaissance has been a recurring topic in political discourse in recent years. Both the Trump and Biden administrations have proposed ambitious plans to revive the fading industrial strength that once defined the American economy. However, the reality paints a different picture. U.S. manufacturing has been on a gradual decline
Thailand’s newly elected Prime Minister Paetongtarn Shinawatra has announced her government’s intention to kickstart the economy immediately. Following a special cabinet meeting to prepare policies, she is set to present her plans at a parliamentary meeting next week. Paetongtarn plans to continue the policies of her predecessor, with some adjustments, focusing on debt restructuring, support
Recent reports indicate that the U.S. Federal Reserve and other regulators are preparing to introduce significant changes to the proposed banks’ capital rules. These revisions, expected to be unveiled as early as Sept. 19, could span up to 450 pages and are likely to impact various aspects of banking operations. One of the key areas
When it comes to making financial decisions, it is crucial to do your own due diligence. The information provided on various websites, including general news, analysis, and opinions, should be taken as educational and research purposes only. It is not a recommendation or advice to take any action, especially when it comes to investments or
Gold prices have seen a resurgence, with a troy ounce of the precious metal reaching 2517 USD. This increase comes as the market eagerly anticipates the release of August’s pivotal US employment report. The data from this report could potentially alter the Federal Reserve’s interest rate outlook, a crucial factor as the Fed’s meeting draws
In the current market environment, the AUD/USD pair is trading lower, near 0.6735, with a 0.10% decrease on the day. Despite hawkish remarks from the Reserve Bank of Australia (RBA), the Australian Dollar has failed to gain strength due to cautious sentiment prevailing in the markets. This has resulted in a softer tone for the
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
French Prime Minister Michel Barnier, known for his role in negotiating Brexit, now faces a new challenge – running a country divided by deep political faultlines. President Emmanuel Macron’s decision to appoint Barnier, 73, as his prime minister comes at a critical time, with France facing a hung parliament and pressing budget legislation with significant