U.S. Treasury Secretary Janet Yellen recently expressed that she is likely “done” serving at the highest levels of government once President Joe Biden’s term concludes in January. However, she mentioned that she may meet with the Chinese Vice Premier He Lifeng soon. During the Texas Tribune Festival in Austin, Texas, Yellen hinted at her future
President Emmanuel Macron’s decision to appoint centre-right Michel Barnier as prime minister has sparked protests across France. Barnier, a conservative figure and the EU’s former Brexit negotiator, faces the challenge of leading a government without a clear majority. This poses significant obstacles as he seeks to implement reforms and address the country’s budgetary concerns. Left-wing
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
The concept of a U.S. manufacturing revival has been a hot topic in political circles, with promises of restoring the industrial might that once defined the American economy. However, upon close inspection, it is evident that the manufacturing sector has been on a gradual decline for decades. While certain industries like semiconductors have seen modest
The article highlights the looming threat faced by Elizabeth Street Garden in lower Manhattan, as the city plans to develop affordable housing on the land. Despite opposition from prominent figures like Robert De Niro and Martin Scorsese, the fate of this urban oasis hangs in the balance. The conflict underscores the dilemma facing New York
Thailand’s newly elected Prime Minister, Paetongtarn Shinawatra, has expressed her commitment to stimulating the economy right away. In a recent special cabinet meeting, she outlined plans to continue the policies of her predecessor, Srettha Thavisin, with some adjustments. The focus will be on debt restructuring, supporting small and medium-sized enterprises, and boosting the agricultural and
Recently, there have been reports that the U.S. Federal Reserve, along with other regulators, is gearing up to introduce significant changes to proposed banks capital rules. This new proposal is expected to be unveiled as early as September 19 and could span up to approximately 450 pages. A key focus of these revisions is centered
In today’s fast-paced world of investing and trading, it is crucial to conduct thorough due diligence before making any financial decision. The information provided on various platforms, including news websites, publications, and analysis reports, should be viewed as a starting point for your research, not as a definitive guide. Personal Responsibility It is important to
Gold prices have seen a significant increase, with a troy ounce of the precious metal now priced at 2517 USD. This surge comes as the market eagerly anticipates the release of August’s crucial US employment report, which could have implications for the Federal Reserve’s interest rate outlook. Lower interest rates would reduce the cost of
The AUD/USD pair saw a decline to near 0.6735 during Friday’s European session, marking a 0.10% decrease on the day. Despite Reserve Bank of Australia’s (RBA) hawkish comments, the Australian Dollar failed to gain strength due to cautious market sentiment. The highlight of the day was the upcoming US Non-Farm Payrolls (NFP) report for August.
Michel Barnier, a figure known for his role in negotiating Brexit, has now been appointed as the Prime Minister of France. This transition from EU politics to domestic governance comes at a crucial time for the country, as it is faced with a fragmented political landscape and economic challenges. With his extensive experience in European
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