The U.S. stock market has defied expectations, embarking on a strikingly robust rally that has industry watchers both amazed and cautiously optimistic. Last week alone, the S&P 500 soared to an all-time high above 6,180, while the Nasdaq Composite followed suit, topping 20,300. These numbers aren’t just milestones; they represent a roughly 4% weekly gain
Global Finance
Xiaomi’s recent surge in the stock market following the launch of its electric SUV, the YU7, signals a striking assertion of its ambitions within the fiercely competitive electric vehicle (EV) industry. Traditionally known for smartphones and consumer electronics, Xiaomi’s emergence as an automaker is a bold pivot that demonstrates not just diversification but a serious
In a stark display of resilience, financial markets in 2025 have managed to rebound remarkably from earlier uncertainties triggered by a combination of geopolitical strife, economic tensions, and fierce technology competition. The S&P 500 is tantalizingly close to reaching new highs, sitting just 0.85% below its peak. This impressive turnaround is nearly unimaginable for many
On a notable Wednesday, the Federal Reserve announced a compelling shift in its capital regulations, potentially redefining the way banks manage their financial reserves. This proposal to relax a crucial capital ratio, known as the enhanced supplementary leverage ratio (eSLR), comes amid calls for greater adaptability in the banking sector. However, such changes are not
In the wake of President Donald Trump’s ambitious campaign promises, the Republican-led proposal to introduce a tax deduction for car loan interest has emerged as both a beacon of hope and an emblem of disparity for American families. Dubbed the “One Big Beautiful Bill Act,” this plan aims to provide a temporary tax deduction of
As Federal Reserve Chair Jerome Powell prepares for a crucial appearance on Capitol Hill, tensions rise, echoing the fervent demands from various political entities and economic analysts for a shift in monetary policy. Powell’s semiannual testimony, scheduled to address the House Financial Services Committee and the Senate Banking Committee, comes at a time of increasing
In a landscape painted with economic uncertainty and cautious measures, Federal Reserve Governor Christopher Waller has emerged as a pivotal voice advocating for a shift in monetary policy. Waller’s recent statements suggest that he envisions the Federal Reserve should act decisively by cutting interest rates as early as July, arguing that persistent inflation does not
In an astonishing demonstration of technological advancement, Chinese tech giant Baidu has brought artificial intelligence avatars into the world of livestreaming sales, radically altering the landscape of e-commerce. This groundbreaking collaboration with prominent livestreamer Luo Yonghao and his co-host Xiao Mu has opened an exciting doorway to the future, where digital avatars not only engage
An unanticipated shift rattled the financial markets on Friday following Israel’s targeted strike on Iranian nuclear facilities. The sudden escalation of geopolitical tensions sent ripples through the economy, culminating in a significant sell-off in U.S. stocks. In particular, the S&P 500 and the Nasdaq Composite both suffered losses of over 1%, highlighting how quickly the
In an era marked by nationalistic sentiments and trade conflicts, Chinese companies are boldly stepping onto the global stage with renewed vigor. One shining example is Shenzhen’s Insta360, the camera company that achieved a staggering 274% surge in share value following its recent listing on Shanghai’s STAR board, raising an impressive 1.938 billion yuan ($270
In an era where information is just a click away, the rapid expansion of social media platforms has become a double-edged sword. On one hand, these platforms connect individuals and foster community engagement; on the other, they create fertile ground for malicious activities like investment scams. Recently, a coalition of 42 state attorneys general, led
In a striking announcement, DoubleLine Capital CEO Jeffrey Gundlach recently voiced his conviction that international equities are poised to surpass U.S. stocks in terms of performance. This assertion stems from his analysis of a profound shift in the dollar’s long-term trajectory, which he describes as entering a phase of secular decline. With the U.S. dollar’s