The investment landscape is undergoing a significant transformation, with actively managed exchange-traded funds (ETFs) emerging as a notable trend. Observations indicate that a substantial amount of capital has shifted away from traditional active mutual funds towards actively managed ETFs. Investors have withdrawn an astonishing $2.2 trillion from active mutual funds between 2019 and October 2024,
Finance
In a significant move emblematic of his administration’s economic strategy, President-elect Donald Trump has appointed Kevin Hassett to helm the National Economic Council. This critical role will place Hassett at the forefront of shaping and guiding economic initiatives that span a spectrum of issues, from trade policies to tax reforms and deregulation efforts. With his
In a monumental shift towards protectionism, President-elect Donald Trump has unveiled a strategy to impose substantial tariffs on imports from China as well as its North American trading partners. Following a post on his Truth Social platform, Trump declared an additional 10% tariff on all Chinese goods entering the United States. This move is aimed
The Consumer Financial Protection Bureau (CFPB) recently made headlines with its announcement to implement stricter supervision over nonbank entities providing financial services, particularly those related to digital payments and wallet applications. This updated regulatory approach aims to ensure that major tech firms and fintech companies adhere to the established laws that govern traditional banking institutions.
In recent years, the soaring popularity of cryptocurrencies, particularly Bitcoin, has prompted investors to reconsider their portfolios. George Milling-Stanley, a prominent strategist at State Street Global Advisors and the force behind the SPDR Gold Shares ETF, recently shared his insights regarding these emerging digital assets. His commentary emphasizes a critical perspective: that the allure of
After two decades, George Milling-Stanley, the visionary behind the pioneering gold-tracking exchange-traded fund (ETF), continues to express a steadfast optimism regarding gold as an investment. During a recent conversation with CNBC’s “ETF Edge,” he articulated a positive outlook for the remainder of this year and into the next. The chief gold strategist at State Street
As global economies attempt to recover from the disruptions caused by the COVID-19 pandemic, the discussion surrounding trade policies has resurfaced with renewed urgency. One of the prominent voices cautioning against aggressive tariff implementation is Ken Griffin, the CEO of Citadel. Speaking to the Economic Club of New York, Griffin highlighted the potential risks of
In the third quarter of 2023, Baidu, the prominent Chinese technology firm, reported a 3% decrease in revenue compared to the same period last year. However, this decline was mitigated by stronger-than-anticipated numbers, driven primarily by growth in its artificial intelligence (AI) cloud services. The company’s revenue reached approximately $4.78 billion for the quarter ending
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
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