The CEO of VanEck, Jan van Eck, has recognized a significant sentiment shift in the cryptocurrency market following the U.S. Securities and Exchange Commission’s approval of a rule change allowing for Ethereum exchange-traded funds. Describing it as one of the most remarkable developments in securities regulation in his career, van Eck emphasized the importance of
Finance
In recent years, there has been a noticeable shift in the way companies are approaching the hiring process. Traditional metrics such as education and years of experience are becoming less significant, with an increasing emphasis on applicants’ skills and competencies. According to data from job site Indeed, the share of U.S. online job postings that
Billionaire investor Bill Ackman is making waves in the finance world with his recent decision to sell a 10% stake in Pershing Square. This move is part of a larger plan to eventually take his investment firm public, raising $1.05 billion in a recent funding round. Two years ago, Ackman made a significant shift by
France has been making significant strides in the realm of artificial intelligence, positioning itself as the next AI superpower. With major investments pouring into French AI firms such as H, also known as Holistic, from tech giants like Amazon and Google, the country is solidifying its status in the global AI landscape. The recent Viva
In a recent statement, New York Federal Reserve President John Williams expressed his concerns about the persistently high inflation levels and his confidence that it will start decelerating later in the year. Despite the uncertainty surrounding the direction of monetary policy, Williams emphasized that the Fed has seen a “lack of further progress” towards its
Nissan has recently issued a warning to owners of older vehicles that are equipped with recalled, unrepaired Takata airbags. The National Highway Traffic Safety Administration (NHTSA) announced that a total of 83,920 cars are affected by this alert. These include models such as the 2002-2006 Nissan Sentra, 2002-2004 Nissan Pathfinder, and 2002-2003 Infiniti QX4 vehicles,
Jim Chanos, a well-known short seller, has vehemently denied the recent lawsuit accusing him of embezzling funds for personal use. In a statement given to CNBC’s Scott Wapner, Chanos described the allegations as “false, baseless and defamatory”. The lawsuit was filed by Conlon Holdings, a firm based in Chicago run by Sean Conlon, who claimed
Clean energy stocks may be struggling in the public market, but the appetite for companies focused on decarbonization is still strong in private markets. Clean Energy Ventures recently announced the closing of its second fund, raising a total of $305 million. The oversubscription of the fund, with the initial target set at $200 million, reflects
The International Monetary Fund (IMF) has recently upgraded its forecast for China’s economic growth this year to 5%, up from the previous estimate of 4.6%. This revision was made following a review of China’s first-quarter economic performance and recent policy measures implemented by the Chinese government. The IMF now projects that China’s economy will expand
The trend of Chinese travelers choosing domestic destinations over international ones is on the rise. According to a recent survey by consulting firm Oliver Wyman, only 14% of high-income households that traveled abroad last year plan to do so again in 2024. The main reasons cited for this shift include the abundance of local travel