In a volatile market, investors are often looking for safe havens to protect their assets. According to George Milling-Stanley, a renowned expert in the gold industry and the chief gold strategist at State Street Global Advisors, physical gold might be a better option compared to gold stocks. Milling-Stanley believes that owning gold bars provides him
Finance
Switzerland recently introduced stringent banking regulations that have been deemed a “lose-lose situation” for UBS by Beat Wittmann, a partner at Porta Advisors. The Swiss government’s 209-page plan includes 22 measures aimed at tightening the oversight of banks considered “too big to fail.” This move comes in the aftermath of the emergency rescue of Credit
In a recent report by property consultancy JLL, it was highlighted that rents in prime retail locations in Beijing have been on the rise, reflecting a 1.3% increase in the first quarter of this year compared to the previous quarter. The demand for these spaces has been primarily driven by new food and beverage brands,
In recent market news, an unexpected surge in the consumer price index has raised concerns among economists and investors. However, the focus is shifting towards a more specific measure known as supercore inflation, which provides a deeper insight into underlying price trends. This article will delve into the implications of supercore inflation and its impact
Federal Reserve officials at their March meeting expressed concern that inflation wasn’t moving lower quickly enough, despite expectations of cutting interest rates at some point during the year. The Federal Open Market Committee, that voted to hold short-term borrowing rates steady, showed misgivings about inflation not easing convincingly. The Fed currently targets its benchmark rate
New York Community Bank (NYCB) has recently faced significant financial struggles, requiring a hefty lifeline of over $1 billion last month. Despite this, the bank is now offering the highest interest rate in the country for a savings account, standing at an annual percentage yield of 5.55%. Analyst Ken Tumin highlights that this rate is
Jamie Dimon, the CEO and chairman of JPMorgan Chase, has emphasized the profound impact that artificial intelligence (AI) will have on society. In his annual letter to shareholders, Dimon highlighted AI as a critical issue facing the largest U.S. bank by assets, ahead of geopolitical risks and regulatory matters. He expressed uncertainty about the full
U.S. Treasury Secretary Janet Yellen recently concluded a trip to China where discussions were centered around Beijing’s need to change its policy on industry and the economy. Yellen emphasized the importance of a shift in policy during these talks, building on previous conversations with Chinese officials. One of the key points of international concern revolves
The CEO of Ripple, Brad Garlinghouse, has expressed his bullish outlook on the cryptocurrency market, believing that the combined market capitalization could exceed $5 trillion by the end of the year. This optimism is fueled by various macro factors such as the recent approval of the first U.S. spot bitcoin exchange-traded funds (ETFs) and the
The landscape of municipal bond portfolios is evolving, with a new player entering the arena to capture profits. Joanna Gallegos, the brains behind the IR+M Tax-Aware Short Duration ETF (TAXX), is making waves in the market. In a recent interview on CNBC’s “ETF Edge,” Gallegos emphasized the importance of looking beyond traditional muni bond investments