Fed must get ‘more aggressive’ with rate cuts due to weakening jobs market, Canaccord’s chief market strategist says
The Federal Reserve may have new incentives in the second quarter to cut rates deeper this year.Canaccord Genuity’s Tony Dwyer…
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Bitcoin could soar to $150,000 this year, hedge fund manager Mark Yusko predicts
Hedge fund manager Mark Yusko is predicting bitcoin will more than double this year to $150,000.“Get off zero,” the Morgan…
Huawei’s profit doubled in 2023 as smartphone, autos business picked up
Huawei brought one of the largest displays to Mobile World Congress in Barcelona in February 2024.Sopa Images | Lightrocket |…
Xiaomi releases electric car $4K cheaper than Tesla’s Model 3 as price wars heat up
Chinese consumer electronics company Xiaomi revealed Thurs., Dec. 28, 2023, its long-awaited electric car, but declined to share its price…
UBS chief’s surprise return to the Swiss banking giant bagged him a $15.9 million paycheck
Newly appointed UBS CEO Sergio Ermotti (R) speaks with UBS Chairman Colm Kelleher during a press conference in Zurich on…
China’s economy is on track for ‘strong’ March performance, survey says
Employees work on a battery production line at Jiangsu Yongda Power Supply Co. on March 26, 2024 in Suqian, Jiangsu…
Crypto is ‘like cayenne pepper’ for investors, money manager says: ‘A little goes a long way’
Tara Moore | Stone | Getty ImagesKatherine Dowling has an analogy that may be useful for investors thinking of buying…
Binance executive escapes Nigerian custody as authorities file new tax charges
The logo of cryptocurrency exchange Binance displayed on a smartphone with the word “cancelled” on a computer screen in the…
Japan bucks private equity slowdown in Asia Pacific with deal value soaring 183% last year
An editorial picture of the Japan flag set against an economic trend graph and images associated with the stock market,…
Two fresh ways to play the weight loss and megacap tech hype
A major exchange-traded fund provider is going deep on two popular plays: megacap tech and weight loss drug stocks.In health…
‘Gray divorce’ has doubled since the ’90s — and the financial risk is high for women
Laylabird | E+ | Getty ImagesBreaking up in old age can be costly, especially for women.The rate of “gray divorce”…
Anthropic is lining up a new slate of investors, but the AI startup has ruled out Saudi Arabia
Deep-pocketed, sovereign wealth funds are among the investors clamoring to get a stake in Anthropic, the red-hot artificial intelligence startup…
How to spot and overcome ‘ghost’ jobs
Fangxianuo | E+ | Getty ImagesThere can be ample roadblocks during a job hunt, including so-called “ghost” jobs.These can be…
TikTok aside, Congress has its eye on the U.S. money going into China
A jogger runs by the U.S. Capitol as the deadline to avert a partial government shutdown approaches at the end…
Fed raises GDP and inflation outlook, while keeping rate cut forecast
Federal Reserve Chairman Jerome Powell testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled “The Semiannual Monetary…
Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in January.Text removed from…
EU-China trade relations are in a ‘slow-motion train accident,’ business group says
A photovoltaic module company in Hefei, Anhui province, on Feb. 20, 2024.Future Publishing | Future Publishing | Getty ImagesBEIJING —…
An activist short-seller is making a name for itself by taking on Carl Ichan, Gautam Adani and others
NEW YORK – Jan. 6, 2023: Nate Anderson works at his desk. Anderson exposes corporate fraud and ponzi schemes through…
China kicks off the year on strong note as retail, industrial data tops expectations
High-rise residential and commercial buildings are being constructed near Dongyu Road, Qiantan, in the Pudong New Area of Shanghai, China,…
Bitcoin may start to lose its reputation as a volatile asset. Here’s why
Bitcoin may start to lose its reputation as a volatile asset.According to Bitwise Asset Management’s Matt Hougan, the cryptocurrency’s wild…
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