According to Goldman Sachs, the magic number to watch out for in terms of rising yields negatively affecting equities is when the 10-year Treasury yield hits 5%. This conclusion is based on a new 19-page paper that analyzes market data since the 1980s. The correlation between bond yields and stocks turns negative at this threshold,
Global Finance
Local Chinese authorities have recently lifted restrictions on Tesla cars following the approval of the company’s China-made vehicles meeting the country’s data security regulations. This significant achievement came after Tesla CEO Elon Musk’s unexpected meeting with Chinese Premier Li Qiang during the auto show in Beijing, making it the first major gathering of its kind
In today’s rapidly evolving technological landscape, it is crucial for tech investors to stay ahead of the curve. According to Brett Winton, the chief futurist at ARK Invest, there are five key areas that should give investors an edge. These areas include robotics, artificial intelligence, multi-omics sequencing, public blockchain, and energy storage. Winton believes that
Chinese electric car start-up Nio, known for its premium vehicles, is now set to enter the lower-priced segment of the market. The company’s CEO, William Li, revealed plans to release a new mass market SUV that will be priced cheaper than Tesla’s Model Y, which starts at 249,900 yuan ($35,197) in China. This strategic move
Deutsche Bank recently reported a 10% increase in first-quarter profit, surpassing expectations and sending its shares soaring to a more than six-year high. The German lender’s net profit attributable to shareholders stood at 1.275 billion euros, exceeding the aggregate analyst forecast for the period. This marked the bank’s highest first-quarter profit since 2013 and its
Nvidia-backed AI firm Synthesia has introduced a groundbreaking technology that involves AI-generated digital avatars capable of expressing human emotions through text inputs. This innovative technology is aimed at bridging the gap between the virtual world and real characters, revolutionizing the traditional video production process by eliminating the need for cameras, microphones, actors, and extensive editing.
The U.S. prosecutors are pushing for a harsher sentence of 36 months for the former CEO of Binance, a cryptocurrency exchange, on charges related to enabling money laundering. The sentencing memorandum submitted to the court in the western district of Washington argues that the CEO should face a higher sentence to account for the gravity
Xiaomi, a well-known Chinese smartphone company, has stepped into the electric vehicle market and has seen remarkable success with its new electric SUV model. With more than 70,000 orders received for its latest electric vehicle, the SU7 sedan, Xiaomi is on track to surpass its initial full-year delivery target. The company’s CEO, Lei Jun, revealed
The Securities and Exchange Commission (SEC) of the Philippines has taken a firm stance against cryptocurrency exchange Binance. The regulatory body has instructed tech giants Google and Apple to remove Binance from their respective app stores. SEC Chairperson Emilio Aquino highlighted the potential risks posed to Filipino investors by allowing continued access to Binance sites
Centimillionaires, individuals with a total net worth surpassing $100 million, represent a minuscule fraction of the global population, standing at around 28,420 individuals. This exclusive group is primarily concentrated in major financial hubs such as New York City, the Bay Area, Los Angeles, London, and Beijing. According to Kevin Teng, CEO of WRISE Wealth Management
The CEO of VanEck, Jan van Eck, recently highlighted the importance of considering commodities as an investment option due to a “big change” driven by international expansion. According to van Eck, the world economy is experiencing growth once again, with China playing a significant role in this expansion. He pointed out that China, the world’s
China’s fiscal stimulus efforts are facing challenges as noted by S&P Global Ratings senior analyst Yunbang Xu. The current strategy seems to be losing its effectiveness and it is now viewed more as a tactic to buy time for industrial and consumption policies rather than a sustainable solution to boost the economy. Xu emphasized that