The United States is witnessing an unprecedented surge in industrial activity, a phenomenon that has been aptly termed an “industrial renaissance.” At the forefront of this transformation is Marc Rowan, the CEO of Apollo Global Management, who recently underscored the escalating demand for capital at the Global Financial Leaders’ Investment Summit held in Hong Kong.
Finance
The Senate Judiciary Committee has recently highlighted a pressing issue in the realm of payment processing: the dominant position of Visa and Mastercard. These financial giants have been labeled as having a “duopoly” that significantly undermines the interests of small businesses and retailers across America. The bipartisan concern stems from the interchange fees—commonly referred to
The financial technology (fintech) sector is currently navigating a landscape fraught with uncertainty, particularly when it comes to initial public offerings (IPOs). The recent actions of Klarna, a prominent buy now, pay later (BNPL) company, have reignited discussions surrounding the possibility of public listings within the fintech community. However, industry leaders remain skeptical and are
In a recent move that has drawn significant attention, billionaire entrepreneur Elon Musk endorsed Howard Lutnick as a candidate for the position of Treasury Secretary under President-elect Donald Trump. Utilizing his platform on X, Musk expressed his belief that Lutnick, who serves as the CEO of Cantor Fitzgerald and has experience with BGC Group and
As the United States embarks on a new economic chapter with President-elect Donald Trump, investors are bracing themselves for the potential impact of his controversial tariff policies. John Davi, CEO of Astoria Portfolio Advisors, views this inauguration as a pivotal moment, cautioning that the incoming administration’s strategies carry a risk of heightened inflation. Given the
As October comes to a close, all eyes are on the forthcoming data from China’s National Bureau of Statistics scheduled for release this Friday. With critical measures such as retail sales, industrial production, and fixed-asset investment under scrutiny, analysts project a notable uptick in economic activity. Retail sales are expected to bounce back to a
During a notable address at the Practising Law Institute’s 56th annual securities regulation conference, Securities and Exchange Commission (SEC) Chairman Gary Gensler delivered remarks that seemed to signal an impending departure from his leadership role. Since stepping into the position in April 2021, Gensler has been a pivotal figure in navigating through turbulent waters in
The British motor finance industry is currently navigating turbulent waters, with financial analysts likening the potential fallout to the infamous payment protection insurance (PPI) scandal that once gripped the U.K. consumer banking landscape. The origin of this impending crisis can be traced back to a pivotal judgement issued by the U.K.’s Court of Appeal in
In a startling revelation, U.S. and Canadian banks are grappling with an unprecedented surge in digital scams, which have reportedly skyrocketed tenfold in 2023. This alarming trend, as highlighted by cybersecurity firm BioCatch, indicates a significant shift in the methodology employed by criminals, who are increasingly relying on psychological manipulation to dupe unsuspecting users into
In a strategic move to enhance the digital sourcing experience for small enterprises, Alibaba has recently debuted Accio, a cutting-edge artificial intelligence-powered search engine designed specifically for businesses in Europe and the Americas. With an increasing shift toward digital innovation, Alibaba aims to empower small businesses with a tool that not only enhances their accessibility