Philadelphia Federal Reserve President Patrick Harker recently expressed a strong endorsement for an interest rate cut in September while speaking to CNBC at the Fed’s annual retreat in Jackson Hole, Wyoming. Harker’s direct statement signals a high probability of monetary policy easing during the upcoming meeting of central bank officials. He emphasized the need to
Finance
News broke in June of British tech entrepreneur Mike Lynch being acquitted of fraud charges in a landmark trial involving allegations made by Hewlett Packard. However, just a mere two months later, Lynch’s name surfaced in the news again, this time for a troubling reason. He was reported missing after a superyacht he was on,
Electric vehicles have been touted as a cost-effective alternative to traditional gasoline-powered cars in the long term. While initial purchase prices might be higher for EVs, the lower fuel and maintenance costs can result in a lower lifetime cost compared to gas vehicles. However, several factors come into play to determine whether EVs are truly
Buffer ETFs are gaining attention from investors as a potential tool to protect against recent market turbulence. Bruce Bond, the CEO of Innovator ETFs, believes that buffer exchange-traded funds offer a means of exposure to the market without bearing the full brunt of its risks. This article delves into the concept of buffer ETFs and
Zeekr, a Chinese electric car brand, made headlines with the announcement of their new batteries that claim to have the fastest charging capabilities in the world. This breakthrough in battery technology is set to address the long-standing concerns of electric car consumers regarding driving range and charging convenience. With Zeekr’s new batteries, drivers can go
Governor Pan Gongsheng of the People’s Bank of China recently stated in state media interviews that China’s financial risks have decreased. He specifically mentioned a drop in local government debt, which has been a major concern for international institutions. Pan emphasized that the central bank, along with the Ministry of Finance, is committed to helping