On his social media platform X, Elon Musk recently made headlines by endorsing Howard Lutnick as a candidate for the position of Treasury Secretary in President-elect Donald Trump’s upcoming administration. This endorsement comes at a pivotal moment, as the President-elect has yet to announce his choice for the role, an integral part of his cabinet.
Global Finance
In the latest economic report, China has showcased signs of growth in some sectors, particularly retail sales, while grappling with continued challenges in real estate investment. The National Bureau of Statistics has revealed that retail sales for October surged by 4.8% year-on-year, outperforming the 3.8% expected by market analysts. This increase marks a notable recovery
The motor finance landscape in the United Kingdom is currently experiencing an upheaval that has left investors and industry stakeholders in a state of unease. The heart of this chaos stems from a ruling by the U.K.’s Court of Appeal late last year, which concluded that car dealers were unlawfully receiving bonuses from lending banks
In recent years, the financial landscape has been dramatically altered by the rise of digital technology, providing both consumers and criminals with unprecedented access to banking platforms. A new report from cybersecurity firm BioCatch has revealed an alarming increase in digital scams, with U.S. and Canadian banks experiencing a staggering ten-fold rise in incidents during
The recent political climate and Donald Trump’s election win has generated a wave of excitement on Wall Street, igniting expectations about the potential for market growth. However, a detailed look at hedge fund performance reveals a more nuanced reality. According to data compiled by Hedge Fund Research (HFR) that spans over three decades, hedge funds
On Tuesday, the renowned Chinese e-commerce giant Alibaba unveiled a new artificial intelligence-driven search engine named Accio, specifically designed to assist small businesses in Europe and the Americas with sourcing supplies. By employing cutting-edge generative AI technology reminiscent of tools like ChatGPT, Alibaba aims to enhance the procurement process for small enterprises trying to establish
The recent electoral victory of President-elect Donald Trump has sparked considerable optimism among investors, with many experts predicting a surge in stock market performance attributable to his administration’s business-friendly agenda. Jeremy Siegel, a respected finance professor at the Wharton School of the University of Pennsylvania, has expressed his views on how Trump may redefine the
As the winds of political change sweep through Washington, notable financial analysts are raising their voices to caution against the implications of potential Republican dominance in the House of Representatives. Jeffrey Gundlach, CEO of DoubleLine Capital, a firm that oversees an impressive $96 billion in assets, recently expressed concerns regarding soaring interest rates spurred by
As the investment landscape continuously evolves, the introduction of innovative products is paramount in catering to the needs of everyday investors. Among the new developments, pair-trade strategies are gaining traction, primarily through the upcoming launch of two-stock exchange-traded funds (ETFs) by Tidal Financial Group. This strategy involves going long on one stock while simultaneously shorting
In a remarkable turn of events, China is gearing up to announce additional economic stimulus measures following the conclusion of its National People’s Congress (NPC). As the meeting unfolds, expectations are mounting for decisive actions that would signal the government’s intent to bolster the economy, which has faced mounting pressures. Recent trends indicate a proactive
In light of the recent election of Donald Trump as President of the United States, China has expressed a strong desire for enhanced bilateral cooperation. He Yongqian, a spokesperson from the Ministry of Commerce, highlighted the importance of mutual respect and peaceful coexistence between the two nations. China’s stance reflects a commitment to open communication
Wise, the prominent British digital payment platform, has reported a remarkable 55% surge in profits for the first half of its 2025 fiscal year, announcing an impressive profit of £217.3 million compared to £140.6 million during the same timeframe last year. This significant growth has been largely attributed to a robust expansion in its customer