Finance

In what can only be characterized as a progressive leap forward in consumer rights, New York Attorney General Letitia James recently unveiled the Fostering Affordability and Integrity through Reasonable Business Act (FAIR Business Practices Act). This legislation represents a critical response to the growing number of scams that plague consumers and small businesses alike—offering a

The recent unveiling of DeepSeek’s AI model is more than just a technological breakthrough; it represents a pivotal shift in the venture capital arena of China, a sector that has seen a three-year downturn. The timing of DeepSeek’s arrival is no coincidence. Following a period marred by uncertainty surrounding regulations and lackluster economic growth, this

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

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