Global Finance

The month of September often raises a red flag for investors in the U.S. stock market. Historically, it has been a month marked by losses, with large-cap stocks posting an average decline of 0.9% since 1926, according to research by Morningstar Direct. This average loss sets September apart as the only month exhibiting negative returns

John Paulson, the billionaire hedge fund manager renowned for his controversial financial strategies, has raised alarm bells about the potential instability of the U.S. financial markets amidst shifts in taxation. Known for his significant and profitable gamble against the housing market during the 2008 financial crisis, Paulson’s views carry considerable weight in investment circles. In

Recent data released by the National Bureau of Statistics indicates that China’s economy is facing a period of subdued growth. In August, key performance indicators such as retail sales, industrial production, and urban investment are all reported to have increased at a pace slower than anticipated. This trend raises concerns about the sustainability of the

In a bid to invigorate domestic consumption and bolster economic growth, China’s government recently launched an ambitious trade-in policy. An allocation of 300 billion yuan (approximately $41.5 billion) in ultra-long special government bonds was announced to subsidize trade-ins for consumer goods such as cars, home appliances, and larger machinery. However, despite the optimism surrounding this

Dutch challenger bank Bunq has outlined its ambitious plans for global expansion, aiming to increase its headcount by 70% to over 700 employees. This growth strategy sets it apart from other financial technology startups that have resorted to cutting jobs in recent times. Despite operating in multiple EU markets, Bunq is now looking to penetrate

Warren Buffett’s Berkshire Hathaway has been in the spotlight recently after offloading a significant amount of Bank of America shares, totaling over $7 billion since mid-July. This move has reduced Berkshire’s stake in the bank to 11%. The conglomerate sold a total of 5.8 million BofA shares in separate sales over three consecutive days, fetching

The United Kingdom has long been a hub for innovation and technology, but it seems that the country is struggling to capitalize on its potential on the global stage. Former CEO of British chip design firm Arm, Warren East, expressed concerns about the lackluster growth and poor GDP per head in the UK, calling it

The U.S. Federal Reserve is currently under scrutiny for its upcoming meeting where a rate cut is widely expected. Analysts are divided on the extent of the rate cut, with some suggesting a jumbo 50 basis point reduction. Michael Yoshikami of Destination Wealth Management believes that a larger cut would demonstrate the central bank’s readiness

In 2024, exchange-traded fund inflows have already broken monthly records, with managers predicting a potential impact from the money market fund boom before the year-end. Nate Geraci, president of The ETF Store, highlighted the significant $6 trillion-plus parked in money market funds as a wildcard for the remainder of the year. According to the Investment

China’s former central bank head, Yi Gang, emphasized the need for policymakers to prioritize boosting domestic demand during his speech at the Bund Summit in Shanghai. He highlighted the importance of combating deflationary pressures and improving domestic demand to address challenges such as the real estate market and local government debt issues. Yi emphasized the

Visa has announced its plan to revolutionize the way people make payments by launching a dedicated service for bank transfers. This service will bypass credit cards and the traditional direct debit process, providing users with a more convenient and secure way to handle their transactions. With the increasing demand for digital payment solutions, Visa’s move

Following a significant drop in Nvidia’s stock price, Asian semiconductor stocks experienced a decline during morning trading. The U.S.-based chipmaker, Nvidia, saw a sharp decrease of over 9% in regular trading, which subsequently influenced the semiconductor sector in Asia. This downward trend was part of a broader sell-off on Wall Street, triggered by concerns regarding