As financial systems evolve, preserving the US dollar’s dominance will require skillful policy management and the integration of cutting-edge technologies.
Asia-Pacific markets mixed after Fed Chair Powell’s rate cut comments lift Wall Street
Federal Reserve Chair Jerome Powell said the central bank will not wait until inflation hits 2% to cut interest rates.
Protests will ‘absolutely’ spread if European cities don’t address overtourism, says UNESCO official
Protests in Spain will spread if officials fail to rebalance the interests of locals and travelers, UNESCO’s Peter Debrine told CNBC’s “Squawk Box Asia.”
Powell indicates Fed won’t wait until inflation is down to 2% before cutting rates
Monday was Powell’s first public speaking appearance since the consumer price index report for June showed cooling inflation.
Burberry shares drop 16% after the luxury giant issues profit warning and replaces CEO
Shares in Burberry plunged Monday after a disappointing first-quarter performance led it to issue a profit warning, replace its CEO and axe its dividend.
Can Equal Weight Solve Our Concentration Crisis? Not So Fast…
Mega-cap concentration has exploded since 2015. The corollary to an increasingly top-heavy benchmark is that market diversification and breadth have never been more limited. A multifactor methodology can be a restorative balance to US equities when more traditional measures fall short.
Trump shooting live updates: Biden says politics must never become ‘a killing field’
Two people who were shot during the attempted assassination of former President Donald Trump are still in critical but stable condition.
Jefferies names ‘yet-to-be discovered AI play’ in Taiwan, giving it 42% upside potential
The company has “tight partnerships with top chip designers” including as Nvidia, Arm, Qualcomm, Intel, according to Jefferies.
World leaders condemn assassination attempt on Trump: ‘Tragedy for democracy’
World leaders have joined together to condemn the assassination attempt on former U.S. President Donald Trump at a Pennsylvania rally over the weekend.
China’s beer market, the world’s largest, set for bounce as drinkers go high-end
CGS International expects a recovery in beer consumption in the latter part of the year following a likely decline in volumes in the first half compared to 2023.