Buffer Exchange-Traded Funds (ETFs) are gaining popularity among investors as a means to hedge against market volatility. According to Bruce Bond, CEO of Innovator ETFs, these buffer ETFs provide an opportunity for investors to get exposure to the market while minimizing the risk of downside. The August ETF offered by Innovator ETFs, under the ticker
Global Finance
In a recent interview with state media, People’s Bank of China Governor Pan Gongsheng stated that China’s financial risks have decreased, including those associated with local government debt. This announcement comes amid increased efforts by Beijing to address risks stemming from high debt levels in the real estate sector, which has a close link to
Klarna, the financial technology firm best known for its buy now, pay later loans, is now expanding its offerings to include a checking account-like product and a cashback feature. This strategic move is aimed at disrupting the traditional retail banking sector and urging customers to shift their spending and saving habits to the Klarna platform.
Warren Buffet recently made headlines when it was revealed in a regulatory filing that he owns the exact same number of shares in Apple as he does in Coca-Cola. This observation has left many of his followers speculating whether this is a coincidence or a strategic move on Buffett’s part. The equal 400 million share
In July 2024, inflation in the United States dipped below 3%, marking the first time it had fallen below this level in over three years. This decline in inflation has been attributed to various factors, with some areas of the economy experiencing disinflation, where prices are still increasing but at a slower rate, and others
UBS CEO Sergio Ermotti recently expressed concerns about the potential intensification of market volatility in the second half of the year. While global equities experienced sharp sell-offs due to weak economic data from the U.S., Ermotti does not believe that the country is necessarily heading into a recession. However, he did acknowledge the possibility of
In a game-changing announcement, Chinese electric car brand Zeekr unveiled its latest innovation in battery technology, claiming to have the world’s fastest-charging batteries. This breakthrough aims to tackle the longstanding concerns of consumers regarding battery range and charging convenience. Zeekr’s new batteries are said to be capable of charging from 10% to 80% in a
Mega events like the Olympic Games and large concerts have a significant impact on consumer prices, with a surge in demand for various goods and services such as hotel rooms and airline tickets. However, the question remains whether French consumers are likely to feel the pinch of these price increases. According to Paul Donovan, chief
The American workforce faces renewed fears of a potential recession, shining a light on the vulnerable state of the unemployment benefits system. Experts warn that the system is at risk of collapsing in the face of another economic downturn, echoing the challenges experienced during the Covid-19 pandemic. While unemployment insurance serves as a crucial source
In a recent incident at China’s high-traffic Ningbo port, a hazardous goods container on board the YM Mobility ship exploded, leading to a fire. Thankfully, there were no reported casualties or injuries. The Taiwanese vessel owner, Yang Ming Marine Transport Corp., confirmed the explosion and stated that the fire had been brought under control. All
In recent years, the Italian banking sector has been under scrutiny due to the aftermath of a sovereign debt crisis and the need for reform following a government rescue of Banca Monte dei Paschi (BMPS). However, analysts are now eyeing potential opportunities for mergers and acquisitions (M&A) in the sector. European policymakers have longed for
Recent weaker-than-expected economic data has raised concerns about the possibility of an emergency rate cut by the U.S. Federal Reserve. Claudia Sahm, chief economist at New Century Advisors, believes that while there is no immediate need for an emergency cut, there is a strong case for a 50-basis-point cut to ease restrictive monetary policy. Sahm