Global Finance

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

In a notable turn of events, Walmart’s fintech initiative, OnePay, has unveiled plans for launching two new credit card products designed to cater to its vast customer base. Established in 2021 in collaboration with venture firm Ribbit Capital, OnePay’s primary objective is to facilitate financial services for those who have traditionally been overlooked by conventional

Generation Z, the cohort born between 1997 and 2012, is grappling with a unique set of economic challenges that leave many feeling disillusioned and economically paralyzed. As highlighted by a recent Credit Karma poll, almost half of adults within this age bracket perceive planning for the future as a futile exercise. It’s particularly troubling that

In a world increasingly driven by technology and innovation, a crisis looms that could stall the progress made in various industries. The global shortage of rare earth elements has emerged as a significant issue, especially as the U.S. and China remain locked in a precarious trade relationship. Rare earths, often overshadowed by mainstream commodities, are

As the stage is set for a fierce competition between the United States and China, the spotlight often lands on artificial intelligence (AI). However, new insights reveal an equally critical narrative unfolding in the realm of biotechnology. According to a recent report from the Harvard Belfer Center for Science and International Affairs, China is on