In a surprising turn of events, the Hong Kong stock market is witnessing an unprecedented influx of capital from mainland Chinese investors, with net purchases reaching an astonishing 29.62 billion Hong Kong dollars (approximately $3.81 billion). This surge marks the highest level recorded since the inception of the Stock Connect programs, which were designed to
Finance
President Donald Trump has repeatedly hailed tariffs as the silver bullet for creating jobs in America, proclaiming that they will generate employment opportunities “like we have never seen before.” However, this grandiose claim ultimately falls flat when scrutinized by economic experts. The overwhelming consensus among economists is that the reality surrounding tariffs is far less
In a recent press conference held in Beijing, China’s Minister of Foreign Affairs, Wang Yi, demonstrated a notable shift in diplomatic strategy regarding the United States. This marked a departure from the more combative tone frequently employed by Chinese officials in past weeks. Wang’s remarks reflected a desire for “peaceful coexistence” between two global superpowers,
The financial world is often viewed as a closed circle, a space where opportunities are reserved for the ultra-wealthy and major institutional players. But Joanna Gallegos of BondBloxx is challenging this notion with the introduction of the BondBloxx Private Credit CLO ETF (PCMM). By successfully launching this fund, she aims to democratize access to private
Jerome Powell, the current Chairman of the Federal Reserve, recently delivered a speech that gave us insight into the peculiar and precarious balancing act the Fed is performing amid President Trump’s disruptive policy legacy. The central bank’s wait-and-see approach seems both prudent and frustrating, particularly in the face of rapidly evolving economic conditions spurred by
In a world of rapidly shifting economic landscapes, China finds itself at a pivotal juncture. Finance Minister Lan Fo’an’s recent declarations during China’s annual parliamentary meeting reveal a nation grappling with the pressures of both domestic challenges and international scoring; yet every policy move exudes an aura of cautious optimism. The Chinese government has laid
On Wednesday, China announced a substantial increase in its defense spending, raising it by 7.2% to reach 1.78 trillion yuan (approximately $244.99 billion) for the fiscal year 2025. This growth trajectory mirrors that of the previous two years, demonstrating a consistency in Beijing’s military strategy. It begs the question: Is this a proactive step toward
As the complexity of international trade becomes ever more pronounced, the tension between the United States and China continues to escalate, shifting the dynamics of global commerce. On Tuesday, China’s government announced a series of retaliatory tariffs on select U.S. products, ranging up to 15%, set to take effect on March 10. These measures were
Recent comments from St. Louis Federal Reserve President Alberto Musalem have highlighted a worrying trend regarding inflation and its potential trajectory. During a keynote address at the National Association for Business Economics conference, Musalem expressed cautious optimism about inflation gradually shifting toward the Federal Reserve’s target of 2%. However, he simultaneously pointed out critical signs
As the U.S. Congress grapples with the fate of numerous expiring tax breaks, an ongoing debate has emerged regarding the potential beneficiaries of extending the Tax Cuts and Jobs Act (TCJA). This legislation, once hailed as a significant overhaul of the U.S. tax system, has now become a focal point of contention. With lawmakers on