In recent discussions surrounding the state of the U.S. economy, one voice has emerged with distinct clarity: Marc Rowan, the CEO of Apollo Global Management. Speaking at the Global Financial Leaders’ Investment Summit in Hong Kong, Rowan highlighted a burgeoning “industrial renaissance” that is reigniting demand for capital across various sectors. This burgeoning need is
Finance
In a landscape increasingly dominated by digital payments, the recent Senate Judiciary Committee hearing on the Visa-Mastercard duopoly sheds light on the challenges faced by small businesses amid soaring interchange fees. The bipartisan concern among committee members underscores the growing frustration toward these industry titans, which collectively control a staggering 80% of the market and
As financial technology firms navigate a complicated economic landscape, a noticeable reluctance is emerging among fintech unicorns regarding initial public offerings (IPOs). The recent confidential filing by Klarna, a Swedish buy now, pay later payment processor, has sparked new conversations about the state of the IPO market for fintech companies. Although Klarna’s move has garnered
In a keenly watched political commentary on social media platform X, entrepreneur and tech magnate Elon Musk announced his endorsement for the role of Treasury Secretary. He singled out Howard Lutnick, a figure steeped in financial leadership as the CEO and chairman of Cantor Fitzgerald, as someone who has the potential to “actually enact change.”
As we navigate the complex financial terrain in the wake of Donald Trump’s election, the implications of his forthcoming tariff agenda are prominently on the minds of investors. The economic environment is poised for potential turbulence. John Davi, the CEO of Astoria Portfolio Advisors, emphasizes the need for a strategic approach to investments as the
As China navigates through a complex economic landscape, the release of key economic indicators by the National Bureau of Statistics serves as a critical touchpoint for analysts and investors alike. The impending data for October, scheduled for release this Friday, is particularly significant as it encompasses retail sales, industrial production, and fixed-asset investment. These figures
During a keynote address at the Practising Law Institute’s 56th annual securities regulation conference, Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), delivered remarks that seemed reminiscent of a departure speech. Since taking the helm in April 2021, Gensler has been at the forefront of significant regulatory changes, and his recent comments
The UK motor finance industry currently finds itself in turmoil, a situation that many analysts are describing as a potential crisis comparable in scale to the notorious payment protection insurance (PPI) scandal that plagued the nation’s banking sector. The catalyst for this upheaval was a pivotal ruling from the Court of Appeal that emerged in
The financial landscape in the United States and Canada is facing an unprecedented threat as reported digital scams have skyrocketed tenfold in just one year, according to research conducted by cybersecurity firm BioCatch. This alarming increase in fraud poses significant risk to banks and customers alike, prompting urgent calls for more robust protective measures. The
In a bold move to expand its influence in the global e-commerce landscape, Chinese conglomerate Alibaba has launched an advanced artificial intelligence-driven search engine named Accio. Targeting small businesses in Europe and the Americas, this new tool is crafted to facilitate sourcing supplies more effectively. Taking notes from the explosive growth of ChatGPT and other