Global Finance

Jamie Dimon, the CEO and chairman of JPMorgan Chase, recently highlighted his belief in the profound impact that artificial intelligence (AI) will have on society. In his annual letter to shareholders, Dimon placed a significant focus on AI, ahead of other important topics such as geopolitical risks, recent acquisitions, and regulatory matters. He expressed uncertainty

The CEO of Ripple, Brad Garlinghouse, recently made a bold prediction regarding the future of the cryptocurrency market. He anticipates that the combined market capitalization of the crypto market will surpass $5 trillion this year. Garlinghouse cited several macro factors, including the approval of the first U.S. spot bitcoin exchange-traded funds (ETFs) and the upcoming

The municipal bond space has recently seen the arrival of a new ETF seeking to capitalize on potential profits. Joanna Gallegos, from BondBloxx, has taken the lead in the creation of the IR+M Tax-Aware Short Duration ETF (TAXX), a fund that was launched less than a month ago. Gallegos emphasizes the importance of looking beyond

Federal Reserve Governor Michelle Bowman recently highlighted the possibility of interest rates needing to move higher in order to control inflation. This stands in contrast to the general expectation in the market of potential rate cuts. While acknowledging the presence of upside risks to inflation, Bowman emphasized the importance of proceeding with caution in adjusting

Decades of trade deficits and the strengthening of the U.S. dollar have created a large number of “losers” within the U.S. economy. This situation led to the rise of protectionist policies, particularly championed by former President Donald Trump. These protectionist measures included imposing tariffs on countries like China, Mexico, and the European Union, with the

Over the past few months, Chinese electric car company Nio has been strategically expanding its battery swap partnerships with various automakers in China. In an attempt to gain an edge on the infrastructure side of the EV ecosystem, Nio has collaborated with Changan, Geely, Chery, and JAC to develop battery swap standards and enhance the

The recent visit of U.S. Treasury Secretary Janet Yellen to China highlights the importance of high-level communication between the United States and China. This visit, which marks Yellen’s second trip to China since the summer, comes at a crucial time as both countries aim to deepen their dialogue and address longstanding misunderstandings. Yellen emphasized the

The International Your Money Financial Security Survey conducted by SurveyMonkey revealed that at least half of adults in major economies are feeling stressed about their personal finances. The primary reason cited for this stress is inflation. In countries like the U.S., Australia, Spain, and Mexico, approximately 70% of adults reported feeling “very or somewhat stressed”

Cleveland Federal Reserve President Loretta Mester recently expressed her belief in the possibility of interest rate cuts occurring within the year. However, she specifically ruled out the upcoming policy meeting in May as a potential timing for such action. Additionally, Mester highlighted that the long-run trajectory is anticipated to be higher than what policymakers had

UBS recently unveiled a new share repurchase program totaling up to $2 billion, with $1 billion of that amount expected to be executed this year. The bank’s long-term plan includes repurchasing up to $1 billion of shares in 2024, following the completion of the merger between UBS AG and Credit Suisse AG by the end

The demand for exchange-traded funds (ETFs) among investors shows no signs of slowing down. Steve Sachs, the global chief operating officer of Goldman’s ETF Accelerator, emphasizes that firms that do not offer ETF products may face significant consequences. Despite the challenges associated with launching an ETF, not providing clients with access to current and new

Tony Dwyer, the chief market strategist at Canaccord Genuity, believes that the Federal Reserve may have new incentives to cut rates deeper in the second quarter of this year. His perspective is based on a deteriorating jobs market and easing inflation, which he thinks will ultimately push the Fed to take more aggressive action. Dwyer