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
Global Finance
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,
Visa’s recent announcement regarding its plans to launch a dedicated service for account-to-account (A2A) payments in Europe represents a significant shift away from traditional credit card methods. This move is aimed at providing consumers with a more secure and convenient payment option, while also potentially reducing Visa’s reliance on card transaction fees. One of the
The semiconductor industry in Asia faced a significant blow on Wednesday morning as a result of Nvidia’s sharp decline in the U.S. market. The U.S.-based chipmaker, Nvidia, saw its stocks plummet by over 9% during regular trading hours, causing a ripple effect across the global semiconductor sector. The drop in Nvidia’s share price was exacerbated
China’s property market has been facing challenges due to U.S. sanctions and a crackdown on real estate development by Chinese authorities. Hangzhou, a city in the eastern Zhejiang province known for being the home of tech giants like Alibaba, managed to secure the top spot in the latest Milken Institute’s best performing cities China index.
China’s foray into the world of top-tier video games has reached new heights with the phenomenal success of Black Myth: Wukong, an action game set in mythological China. In just three days after its launch on Aug. 20, the game sold over 10 million units, shattering world records and making waves in the gaming industry.
Chinese President Xi Jinping emphasized the importance of maintaining a stable, healthy, and sustainable relationship between China and the United States during a recent meeting with U.S. national security advisor Jake Sullivan. Despite the escalating tensions between the two countries in recent years, Xi expressed China’s commitment to the goal of fostering positive relations with
Warren Buffett, acclaimed as the “Oracle of Omaha,” celebrated his 94th birthday with Berkshire Hathaway reaching new milestones in its market capitalization. The company’s shares surpassed $700,000 apiece, making it the first non-technology firm to achieve a $1 trillion market capitalization. Howard Marks, a respected investor and friend of Buffett, attributes the success of Berkshire
The White House announced that President Joe Biden and Chinese President Xi Jinping are scheduled to have a phone call in the coming weeks. This announcement comes as U.S. national security adviser Jake Sullivan visits Beijing to meet with China’s top diplomat, Wang Yi. Both sides also mentioned that their military leaders would have a
Xpeng, a Chinese electric car company, recently launched its new mass-market brand, Mona, with prices starting as low as $16,812. This price point significantly undercuts Tesla’s Model 3, making Mona an attractive option for budget-conscious consumers. The company reported that orders for the Mona M03 electric coupe exceeded 10,000 just 52 minutes after the car’s
The collaboration between Xpeng, a Chinese startup, and Volkswagen, the German auto giant, has been making waves in the electric car industry. The two companies are working together to develop electric vehicles specifically for the Chinese market. With Volkswagen’s $700 million investment in Xpeng, the partnership aims to launch two electric cars in China by
Travelers who choose to ignore their tax obligations may face severe consequences when it comes to their ability to travel. The federal government has enacted laws that allow for the revocation or limitation of passports for individuals with seriously delinquent tax debts exceeding $62,000. Understanding the implications of these measures is crucial for taxpayers to