Finance

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
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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
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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
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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
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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
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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
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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
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