In a recent interview with CNBC, Ming Wong, the vice president and CEO of Cisco Greater China, expressed Cisco’s optimism about its growing business with Chinese electric car companies as they expand overseas. Despite escalating trade tensions, Wong remains positive about the potential for growth in the EV segment, which is currently Cisco’s second-largest business
Global Finance
In a recent move to support the venture capital industry in China, authorities have unveiled a new policy that aims to promote the high-quality development of venture capital. This comes at a time when the once-thriving ecosystem of investment capital and startups in China has faced a significant slowdown due to increased regulatory scrutiny over
New York has recently introduced a program that provides homeowners with the opportunity to receive up to $14,000 in total rebates for making energy-efficiency upgrades to their properties. This initiative is part of the federal Inflation Reduction Act signed by President Joe Biden in 2022. The act allocated $8.8 billion for consumers through two Home
Fitch Ratings agency has adjusted its forecast for China’s policy rate, pushing back expectations for a reduction to next year due to the high interest rates set by the U.S. Federal Reserve. The agency now predicts that China will maintain its one-year MLF at 2.5% for the remainder of this year, with a potential cut
Senator Elizabeth Warren has recently accused Federal Reserve Chair Jerome Powell of favoring the financial industry over the well-being of American citizens. Warren’s accusations stem from reported changes to a set of regulations known as Basel III Endgame, which aims to increase the capital cushion that large American banks are required to hold. Warren expressed
Starboard Value, the well-known activist hedge fund led by Jeff Smith, has recently acquired a significant stake in graphics-design firm Autodesk. The firm has expressed serious concerns regarding Autodesk’s disclosure practices related to an internal investigation that ultimately led to the removal of their CFO. The activist fund’s stake in Autodesk is said to be
Investors concerned about concentration risk in the market should consider shifting towards value-oriented investments. According to Avantis Investors chief investment strategist, Phil McInnis, taking a more diversified approach can potentially yield better returns in the long run when compared to simply investing in index funds like the S&P 500. Avantis’ U.S. Large Cap Value ETF
The financial technology industry is seeing a slump in investment, but one startup is defying the odds. CleverCards, a Dublin-based firm, has secured an impressive 8 million euros in funding to tackle the issue of employees abusing corporate expenses. By leveraging technology, CleverCards aims to provide companies with a digital platform linked to configurable expense
The financial technology industry has experienced a significant shift in recent years, with industry executives and investors indicating that the sector has reached a “bottom.” This observation suggests a departure from the unsustainable highs of 2020 and 2021 when venture capital flowed into startups with ambitious ideas but lacking in solid business metrics and fundamentals.
Foundation Robotics Labs, a humanoid robotics startup, has been making bold claims in order to secure funding for their seed round. The company, cofounded by the CEO of bankrupt fintech firm Synapse, has been telling potential investors that they have close ties and an imminent investment from General Motors. However, upon further investigation, it has
The recent sell-off in GameStop shares has intensified, causing concern among investors and traders alike. The spike in trading volume, particularly in call options, owned by meme stock leader Roaring Kitty, also known as Keith Gill, has raised eyebrows regarding the future direction of the stock. With 120,000 call options contracts with a strike price
The Federal Reserve held its key interest rate steady in its recent meeting and indicated that only one cut is expected before the end of the year. Despite market expectations for a more accommodative stance, the Federal Open Market Committee decided to take two rate reductions off the table from the three indicated in March.