In a volatile market, investors often seek ways to protect their investments and hedge against potential losses. According to George Milling-Stanley, chief gold strategist at State Street Global Advisors, owning physical gold can provide a level of protection that gold stocks may not offer. When the equity market experiences a downturn, gold mining stocks, being
Finance
The new banking regulations in Switzerland have created a “lose-lose situation” for UBS, according to Beat Wittmann of Porta Advisors. These regulations, proposed by the Swiss government, aim to tighten the policing of banks deemed “too big to fail” following the emergency rescue of Credit Suisse by UBS. This government-backed takeover was a significant event
Despite an overall real estate slump in China, the commercial property sector is experiencing pockets of demand, particularly in prime retail locations in the capital city of Beijing. According to a report by property consultancy JLL, rents for prime retail spaces have seen a significant increase, rising by 1.3% in the first quarter of this
The release of a higher-than-expected consumer price index (CPI) reading has created a stir in the financial markets, with investors closely monitoring a specific prices gauge within the data known as supercore inflation. Supercore inflation, which excludes shelter and rent costs from its services reading in addition to volatile food and energy prices, provides a
During the March meeting, Federal Reserve officials expressed concerns over the pace at which inflation was decreasing. While they still anticipated cutting interest rates later in the year, policymakers were uneasy about the lack of significant progress in reducing inflation. Despite targeting the benchmark rate between 5.25% and 5.5%, FOMC members were hesitant to lower
New York Community Bank recently made headlines as it faced financial difficulties and required a significant capital injection to stay afloat. This regional lender found itself in a precarious situation after announcing preparations for substantial losses on commercial real estate loans, triggering a series of downgrades and managerial changes. The bank’s stock price plummeted, and
The recent talks between U.S. Treasury Secretary Janet Yellen and Chinese officials have highlighted the need for China to make significant changes to its industrial and economic policies. Yellen emphasized the importance of shifting policy during her discussions with Vice Premier He Lifeng, pointing to the potential impact on global trade and the economy. This
Jamie Dimon, the CEO and chairman of JPMorgan Chase, recently expressed his conviction that artificial intelligence (AI) will have a significant impact on society. In his annual letter to shareholders, Dimon discussed the potential transformative effects of AI, highlighting its importance as a key issue facing the largest U.S. bank by assets. While acknowledging the
The CEO of blockchain startup Ripple, Brad Garlinghouse, has a bullish outlook on the cryptocurrency market. He predicts that the combined market capitalization of the crypto market will surpass $5 trillion by the end of this year. Garlinghouse attributes this growth to various macro factors, including the approval of the first U.S. spot bitcoin exchange-traded
In the world of investing, there is always a search for the next big opportunity to generate profits. One recent addition to the market is the IR+M Tax-Aware Short Duration ETF (TAXX), which aims to tap into the potential of municipal funds. Launched less than a month ago by Joanna Gallegos of BondBloxx, this ETF
