The year 2024 has seen a remarkable increase in exchange-traded fund (ETF) inflows, with monthly records already being surpassed. To add to this surge, industry managers believe that these inflows could witness a significant impact from the ongoing money market fund boom before the year concludes. According to Nate Geraci, the president of The ETF
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The streets of France were filled with protesters over the weekend, as President Emmanuel Macron’s decision to appoint Michel Barnier as prime minister sparked outrage. The move, seen as a betrayal by left-wing parties, has led to accusations of stolen legislative elections and a threat of a potential no-confidence vote. Macron’s selection of the 73-year-old
The beloved public garden in lower Manhattan, Elizabeth Street Garden, is facing potential eviction to make way for a housing development project. The garden, built in 1991 on leased city land, has become an urban oasis in the densely crowded Little Italy neighborhood, immortalized in films like “Mean Streets” by Martin Scorsese. Despite opposition from
The idea of a U.S. manufacturing resurgence has been a hot topic in political circles lately, with promises of revitalizing the industrial strength that the American economy once boasted. Both the Trump and Biden administrations have rolled out ambitious plans to reshore manufacturing, including tariffs, tax incentives, and significant government investments. However, analysts at Alpine
Thailand’s Prime Minister Paetongtarn Shinawatra has outlined her plans to kickstart the economy following her recent appointment. In a special cabinet meeting, she discussed policies that will be presented to parliament as her administration officially begins its term. Paetongtarn emphasized the need to continue the economic initiatives of her predecessor while making necessary adjustments. These
Recent reports from Bloomberg News indicate that the U.S. Federal Reserve and other regulators are gearing up to announce significant revisions to proposed bank capital rules. These changes, expected to span up to 450 pages, will focus on operational risk provisions, including adjustments to the capital requirements for business lines such as wealth management and
When considering making any financial decisions, it is crucial to conduct thorough due diligence. This involves researching and analyzing all relevant information before moving forward. Without proper due diligence, one may make uninformed decisions that could potentially lead to financial loss. It is essential to take the time to understand the risks and benefits associated
Gold prices have seen a resurgence in recent days, with a troy ounce of the precious metal currently priced at 2517 USD. This increase comes as the market eagerly anticipates the release of August’s US employment report, which could have a significant impact on the Federal Reserve’s interest rate policies. Given the recent signals of
The AUD/USD pair has seen a slight decline to near 0.6735 in Friday’s European session, marking a 0.10% decrease. Despite the hawkish remarks from the Reserve Bank of Australia (RBA) Governor Michele Bullock, the Australian Dollar weakened. This is partly due to the cautious sentiment in the market and the anticipation of the US Non-Farm
China’s former head of the People’s Bank of China, Yi Gang, emphasized the crucial need for policymakers to prioritize boosting domestic demand during his speech at the Bund Summit in Shanghai. He highlighted the urgency of fighting deflationary pressure as a key focus for China’s economic stability. Yi emphasized the importance of improving domestic demand,
Upon being named the new prime minister of France by President Emmanuel Macron, Michel Barnier faces a daunting task that goes beyond his previous experience negotiating Brexit for the European Union. Now, he must navigate the deep political faultlines within his own country and lead amidst a divided parliament. Michel Barnier, a seasoned conservative French
GBP/USD has managed to stay above the key level of 1.3100, indicating that buyers are currently in control of the market sentiment. The Relative Strength Index (RSI) also supports this by showing a bullish momentum, with the next resistance level at 1.3200 being eyed by traders. Potential Upside If the pair manages to clear the