In a volatile market, investors are often looking for ways to protect their assets and hedge against potential weaknesses in the equity market. George Milling-Stanley, the chief gold strategist at State Street Global Advisors, suggests that owning physical gold may be a better option than investing in gold stocks. According to Milling-Stanley, gold bars offer
Finance
Switzerland has recently introduced strict new banking regulations that are causing concern for UBS. These regulations have been put in place to tighten the oversight of banks deemed “too big to fail.” The government proposed 22 measures aimed at enhancing supervision, especially after the emergency rescue of Credit Suisse by UBS. The collapse of Credit
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
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