Global Finance

The Federal Reserve recently made the decision to hold its ground on interest rates, choosing not to cut rates despite facing increasing challenges with inflation. This decision comes as the U.S. central bank continues to grapple with inflation that has proven to be more troublesome in recent times. The federal funds rate has been at

The landscape for small and regional banks in the U.S. is becoming increasingly challenging. According to Christopher Wolfe, managing director at Fitch Ratings, many banks are at risk of failing or falling below their required capital levels. A recent analysis by Klaros Group revealed that 282 banks are particularly vulnerable due to their exposure to

Investors looking to shield themselves from market volatility now have a new option available to them. The Calamos S&P 500 Structured Alt Protection ETF (CPSM) promises “100% downside protection” against losses in the index over a one-year period. This innovative approach has grabbed the attention of many in the investment community. The head of ETFs

Amazon saw a nearly 2% increase in its shares after beating both top and bottom line expectations. With earnings of 98 cents per share and revenue of $143.31 billion, the company outperformed analyst forecasts. The advertising and Amazon Web Services segments also surpassed expectations. However, the second-quarter revenue forecast fell short of estimates, indicating potential

In a recent 19-page report, Goldman Sachs pointed out a critical threshold for equity investors to keep an eye on – 5% on the 10-year Treasury yield. According to the Wall Street firm’s analysis of market data dating back to the 1980s, once the 10-year Treasury yield hits this level, the correlation between bond yields

Local Chinese authorities have made the decision to lift restrictions on Tesla cars following the successful compliance of the company’s vehicles manufactured in China with the country’s data security regulations. This development occurred as Tesla CEO Elon Musk made a surprise visit to Beijing and engaged in discussions with Chinese Premier Li Qiang, coinciding with

In the fast-paced world of technology, staying ahead of the curve is essential for investors looking to make significant gains. According to Brett Winton, chief futurist at ARK Invest, there are five key areas that should be on every tech investor’s radar. These areas include robotics, artificial intelligence, multi-omics sequencing, public blockchain, and energy storage.

Chinese electric car manufacturers Nio and Xpeng are making strategic moves to appeal to a broader customer base by introducing new brands that will cater to the lower-priced segment of the market. Nio, known for its premium electric vehicles priced at around $50,000 or more, is planning to release a more affordable SUV that will

Deutsche Bank has recently reported a significant increase in its first-quarter profit, exceeding analyst expectations and leading to a surge in its share price to a six-year high. This positive news comes amidst a period of recovery for the German lender, particularly in its investment banking unit. Let’s delve into the details of this remarkable

Synthesia, a revolutionary artificial intelligence firm backed by Nvidia, has introduced a groundbreaking technology that promises to change the landscape of professional video production. Their new “Expressive Avatars” have the ability to convey human emotions based on text inputs provided by the user, blurring the lines between the virtual world and reality. By eliminating the

U.S. prosecutors are not holding back in seeking justice for the former CEO of cryptocurrency exchange Binance. They are pushing for an above-guidance sentence of 36 months, arguing that this harsh punishment is necessary to reflect the gravity of his crimes. The sentencing memorandum filed with the court for the western district of Washington paints

Xiaomi, the Chinese smartphone company, has made a significant impact in the electric vehicle market with its new electric SU7 sedan. The company has reported receiving over 70,000 orders for the vehicle as of April 20, which is close to its original full-year delivery target. CEO Lei Jun shared with investors that Xiaomi now aims