Physical gold offers more protection than mining stocks, says State Street’s George Milling-Stanley
Investors looking to weather a volatile market may want to opt for physical gold over gold stocks.That’s according to George…
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‘Lose-lose situation’: New Swiss bank laws could derail UBS’ challenge to Wall Street giants
Sergio Ermotti, CEO of Swiss banking giant UBS, during the group’s annual shareholders meeting in Zurich on May 2, 2013. Fabrice…
China’s commercial property segment is seeing some bright spots amid a slump in the wider realty sector
Illuminated skyscrapers stand at the central business district at sunset on November 13, 2023 in Beijing, China.Vcg | Visual China…
China needs a narrative that house prices are going to rise, Nomura’s Koo says
Pictured here is a real estate project under construction in Huai ‘an city, Jiangsu province, China, on April 8, 2024. Future…
Yellen says U.S. plans to ‘underscore’ need for China to shift policy
U.S. Treasury Secretary Janet Yellen said Monday that future discussions between the U.S. and China will focus on Beijing’s need…
Ripple CEO predicts crypto market will double in size to $5 trillion by the end of 2024
Brad Garlinghouse, CEO of Ripple, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 4,…
New ETF looks to profit from municipal bonds
A new ETF is trying to capture profits in the municipal funds space.BondBloxx’s Joanna Gallegos is behind the IR+M Tax-Aware…
Fed Governor Bowman says additional rate hike could be needed if inflation stays high
US Federal Reserve Governor Michelle Bowman attends a “Fed Listens” event at the Federal Reserve headquarters in Washington, DC, on…
Free trade flaws fueled Trump’s rise in 2016 — and the problems remain, top economist says
Former U.S. President Donald Trump speaks after attending a wake for New York City Police Department (NYPD) officer Jonathan Diller,…
China’s Nio to expand battery swap services to gain an edge on EV infrastructure
Pictured here is a Nio battery swapping station in Haikou, Hainan province, China, on May 9, 2023.Bloomberg | Bloomberg |…
‘Biggest mistake’ bond investors may make ahead of Fed rate cuts
Investors may want to stick with fixed income investments — possibly even adding to them — despite the Federal Reserve’s…
Here’s who Treasury Secretary Janet Yellen is going to meet in China
U.S. Treasury Secretary Janet Yellen, center, waits with others to receive Chinese President Xi Jinping at the San Francisco International…
Half of adults globally are stressed about their finances, and inflation is a key reason
Roughly half of adults are stressed about personal finance, a new survey spanning various advanced economies found.D3sign | Moment |…
Fed officials still expects rate cuts this year, but not anytime soon
Cleveland Federal Reserve President Loretta Mester said Tuesday she still expects interest rate cuts this year, but ruled out the…
Xiaomi shares pop 15% after the Chinese smartphone maker launches its first EV
A Xiaomi SU7 electric sedan is seen displayed at a regional HQ of Xiaomi in Nanjing in east China’s Jiangsu…
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…
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…
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