The commercial property sector in China is witnessing a glimmer of hope amidst the prevailing real estate downturn. In Beijing, rents for prime retail locations have seen a notable increase, marking the fastest pace since 2019. According to a report by property consultancy JLL, rents surged by 1.3% in the first quarter of this year
Finance
Supercore inflation is a specific prices gauge within the consumer price index data that excludes shelter and rent costs from its services reading, providing a deeper look into underlying prices. Economists use this measure to get a truer trend of inflation, especially amidst a changing economic climate. Fed officials consider it a useful tool as
Federal Reserve officials gathered at their March meeting were apprehensive about the pace at which inflation was decreasing, despite the expectation of interest rate cuts later in the year. The Federal Open Market Committee voted to maintain the current short-term borrowing rates and expressed unease over the fact that inflation, although declining, wasn’t doing so
New York Community Bank (NYCB) has recently raised the annual percentage yield for its savings account to 5.55%, making it the highest in the country. This move has caught the attention of industry analysts like Ken Tumin, who track rates for DepositAccounts. Tumin suggests that this aggressive rate increase could be a sign that NYCB
U.S. Treasury Secretary Janet Yellen recently highlighted the importance of future discussions between the U.S. and China regarding Beijing’s need to change its policy on industry and the economy. With plans to underscore the need for a shift in policy, Yellen emphasized the significance of addressing issues that impact global trade and economic stability. This
In his recent letter to shareholders, Jamie Dimon, the CEO and chairman of JPMorgan Chase, emphasized the profound impact that artificial intelligence (AI) will have on society. Dimon highlighted the significance of AI as a major issue facing the banking industry, surpassing concerns about geopolitical risks, recent acquisitions, and regulatory matters. Dimon expressed uncertainty about
The CEO of blockchain startup Ripple, Brad Garlinghouse, is highly optimistic about the future of the cryptocurrency market. He believes that the combined market capitalization of the cryptocurrency market will surpass $5 trillion within this year. Garlinghouse cited several macro factors that contribute to his positive outlook, such as the approval of the first U.S.
In the increasingly crowded ETF market, there is a new player trying to make its mark in the municipal funds space. The IR+M Tax-Aware Short Duration ETF (TAXX) was launched less than a month ago by BondBloxx’s Joanna Gallegos. According to Gallegos, the focus of this new ETF is to highlight the importance of looking
In a bid to gain a competitive edge in the electric vehicle (EV) market, Chinese electric car company Nio has been strategically expanding its battery swap partnerships. Collaborating with at least four prominent Chinese automakers, including Changan, Geely, Chery, and JAC, Nio aims to develop battery swap standards and grow its network across China. These
U.S. Treasury Secretary Janet Yellen’s recent trip to China marks a significant effort to increase high-level communication between the United States and China. This visit comes as both countries aim to address misunderstandings and tensions that have arisen in their relationship. Yellen’s visit, which includes meetings with various Chinese officials, highlights the importance of ongoing