In a remarkable display of financial resilience, Wise has reported a staggering 55% increase in profits for the first half of its 2025 fiscal year. The British digital payment platform’s impressive performance, characterized by growing customer numbers and a broader market foothold, signals not just success in their operations but also a transformation in the
Global Finance
The financial landscape is sharply influenced by political developments, particularly during election cycles. Recent upticks in Treasury yields have sparked intense discussion among investors, driven primarily by the early electoral outcomes in the high-stakes face-off between Vice President Kamala Harris and former President Donald Trump. The 10-year Treasury yield, a benchmark for long-term borrowing, surged
In a bold move signaling its intentions, Chinese electronics giant Hisense has set its sights on becoming the premier television seller in the U.S. within a two-year window. Catherine Fang, president of Hisense International, articulated this ambition during a recent interview with CNBC. The strategic timing of this announcement coincides with the company’s efforts to
In a significant move that marks its first foray into international waters, the American fintech company Affirm has launched its installment loan services in the United Kingdom. Founded in 2012, Affirm has disrupted traditional financing methods by providing flexible payment options that cater to consumers’ needs. The entry into the U.K. market is especially noteworthy,
The intricate relationship between international politics and domestic economic strategies often manifests in unexpected ways. Currently, analysts are closely monitoring how the outcome of the U.S. presidential election might influence China’s impending fiscal stimulus initiatives. With the National People’s Congress poised to conclude its significant five-day session, investors are eagerly awaiting announcements that could reshape
In recent months, Warren Buffett, the CEO of Berkshire Hathaway, has taken a notable step back from one of his most high-profile investments: Apple Inc. For the fourth consecutive quarter, Buffett has reduced his stake in the tech behemoth, which had previously been heralded as the cornerstone of Berkshire’s equity portfolio. As of the end
The recent earnings report from Berkshire Hathaway signifies a monumental shift in strategy as the company navigates the complexities of market dynamics and macroeconomic pressures. With a cash reserve that has exceeded $325 billion, Berkshire’s financial maneuvers reflect a deliberate and cautious approach by its renowned chairman, Warren Buffett. Berkshire Hathaway’s cash position reached a
In a pivotal moment for the UK’s burgeoning tech sector, influential figures from the technology and investment community are expressing deep reservations regarding the government’s recent tax reforms. The Treasury’s announcement to increase capital gains tax (CGT) has raised alarms among leaders in the tech industry, who worry that these changes could stifle innovation and
In a significant development within the tech sector, Honor, a smartphone manufacturer that emerged from the shadows of Huawei, has announced a series of new investments from notable backers. This comes as Honor gears up for its anticipated initial public offering (IPO). The involvement of established entities such as China Telecom and investment firms like
In a notable push into the electric vehicle (EV) sector, Xiaomi has showcased its ambitious production capabilities by delivering over 20,000 units of the SU7 model in October alone. This figure not only highlights the company’s determination to carve out a space in a highly competitive market but also underlines the strategic moves it’s employed
The smartphone market is witnessing an era of rapid transformation, particularly in China, where domestic companies are at the forefront of integrating artificial intelligence (AI) features into their devices. This advanced technological push is not only enhancing user experience but also creating significant competition for global players like Apple, which is facing mounting pressures to
The landscape of consumer financial data is undergoing a transformative shift as the Consumer Financial Protection Bureau (CFPB) embarks on a bold initiative to enhance personal financial data rights. On Wednesday, during a significant session at DC Fintech Week in Washington, D.C., CFPB Director Rohit Chopra is poised to address this groundbreaking development following the