In 2024, exchange-traded fund inflows have already reached monthly record highs, indicating a growing interest in this investment vehicle. According to Nate Geraci, president of The ETF Store, the $6 trillion parked in money market funds could significantly impact inflows for the remainder of the year. This influx of money market funds presents a potential
Finance
In light of the recent statements made by Yi Gang, former head of the People’s Bank of China, it is evident that China’s policymakers need to prioritize boosting domestic demand in order to combat deflationary pressures. It is crucial for the Chinese government to address the stagnant levels of consumer prices and lackluster domestic demand
Visa recently announced its plans to introduce a groundbreaking dedicated service for account-to-account (A2A) payments, which will revolutionize the way consumers make transactions in Europe. This innovative approach will skip the traditional credit card route and offer users the ability to set up direct debits on e-commerce platforms with ease. Making payments directly from their
British financial technology firm Zilch recently announced a significant achievement – its first-ever month of profit. This milestone is crucial for the company as it sets its sights on a potential initial public offering (IPO). In a recent trading update, Zilch revealed that it had achieved an operating profit in July 2024, marking profitability within
China’s property market challenges and U.S. sanctions have had a profound impact on the rankings of various cities, according to the Milken Institute’s latest report. Hangzhou, known as the tech hub of China and home to Alibaba, claimed the top spot in this year’s rankings. The city’s success can be attributed to its thriving tech
Berkshire Hathaway, led by Warren Buffett, made history by becoming the first non-technology company in the U.S. to reach a $1 trillion market capitalization. This achievement came after shares of the conglomerate surged more than 28% in 2024, outperforming the S&P 500. The company’s shares hit a high of $699,440.93, pushing it past the trillion-dollar
As British fund manager abrdn predicts a potential soft landing for the U.S. economy, concerns about a prolonged economic slowdown in 2025 have been raised by Kenneth Akintewe, the head of Asian sovereign debt at the company. Akintewe’s questioning of whether the Federal Reserve is inadvertently making a policy mistake highlights the uncertainties surrounding the
China’s gaming industry took a major leap forward with the release of Black Myth: Wukong, the country’s first AAA video game. The action-packed title set in mythological China achieved unprecedented success by selling over 10 million units within just three days of its launch on Aug.20. The game’s popularity continued to soar, securing the second
Chinese President Xi Jinping emphasized the importance of a stable and healthy China-U.S. relationship during a meeting with U.S. national security advisor Jake Sullivan. Despite escalating tensions between the two countries in recent years, Xi expressed hopes that Washington would find “a right way” to get along with Beijing. Efforts for Mutual Understanding Xi stated
Dollar General, the discount retailer catering to lower-income customers, faced a significant blow when it slashed its sales and profit guidance for the full year. The company’s stock plummeted by 25% following the announcement, indicating a lack of confidence from investors in its ability to weather the economic storm. As a retailer that primarily serves