China’s commercial property sector has been experiencing a surprising surge in demand despite an overall slump in the real estate market. Beijing, the capital city, has witnessed an increase in rents for prime retail locations at the fastest pace since 2019. According to a report by property consultancy JLL, rents surged by 1.3% during the
Finance
In recent times, the markets have been faced with the challenge of interpreting consumer price index readings that show a hotter-than-expected trend, leading to increased volatility. One key aspect that has caught the attention of economists is the supercore inflation reading, which goes beyond the traditional core CPI by excluding shelter and rent costs. This
During the March meeting, Federal Reserve officials expressed their concern over the slow movement of inflation rates and the need to cut interest rates later in the year. While the Federal Open Market Committee voted to maintain short-term borrowing rates, policymakers were worried about the lack of a convincing decrease in inflation. The Fed has
New York Community Bank recently made headlines for offering the country’s highest interest rate for a savings account, standing at a staggering 5.55%. This move raised some eyebrows in the financial sector, with analysts speculating that it could be a sign of funding pressure for the regional lender. Ken Tumin, an industry expert, pointed out
During Janet Yellen’s recent trip to China, she emphasized the need for Beijing to change its policy on industry and the economy. Yellen highlighted the importance of addressing issues such as China’s industrial overcapacity, excess production of goods, and the impact on global competitors’ pricing. This indicates a clear focus on the need for a
Jamie Dimon, the esteemed CEO and chairman of JPMorgan Chase, believes that artificial intelligence (AI) will bring about significant changes to society. In his recent annual letter to shareholders, Dimon highlighted AI as a critical topic, emphasizing the transformative potential of this technology. He stated that while the full extent of AI’s impact remains uncertain,
Despite the optimism of blockchain startup Ripple’s CEO, Brad Garlinghouse, the prediction of the cryptocurrency market reaching a market capitalization of $5 trillion appears to be overly ambitious. While Garlinghouse cites factors such as the approval of U.S spot bitcoin ETFs and the upcoming bitcoin “halving” as reasons for this bullish outlook, there are several
ETFs are investment funds that are traded on stock exchanges, much like individual stocks. The IR+M Tax-Aware Short Duration ETF (TAXX) is a new ETF introduced by BondBloxx, managed by Joanna Gallegos. Gallegos emphasizes the importance of looking beyond traditional municipal bond portfolios and focusing on the relative value of after-tax income. This approach aims
The electric vehicle industry has seen a significant rise in popularity in recent years, with more and more consumers opting for eco-friendly transportation options. As the demand for electric vehicles grows, companies like Nio have been focusing on innovative solutions to address one of the key concerns of EV owners – driving range anxiety. One
Janet Yellen’s recent trip to China marks an attempt by the United States to increase dialogue and communication with Chinese officials in the face of a strained relationship between the two countries. The U.S. Treasury Secretary’s visit, along with Secretary of State Antony Blinken’s upcoming trip, illustrates a shift towards more engagement with China at