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
Finance
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
Warren Buffett, the legendary investor renowned for his value-driven investment philosophy, recently made headlines by sharing his insights about President Donald Trump’s proposed tariffs on international imports. During an interview with CBS News’ Norah O’Donnell, Buffett expressed his concerns that these protective duties could lead to inflationary pressures that would adversely affect consumers. He succinctly
In an astonishing turn of events that highlights significant lapses in operational controls, Citigroup mistakenly credited a customer’s account with a staggering $81 trillion instead of the intended $280. This incident occurred in April of the previous year and was notable not only for its sheer scale but also for the fact that it went
The Consumer Financial Protection Bureau (CFPB) is undergoing a significant transformation that has left many in the legal and financial communities questioning the agency’s direction. Following the appointment of acting director Russell Vought, the CFPB has swiftly dismissed several enforcement lawsuits initiated by the previous administration under Rohit Chopra. This sweeping action is emblematic of