China slams US’s G20 host proposal – Now what?
The stage is set, and the rift between China and the US has now taken on a new dimension. We aren’t talking about their stand on global challenges such as the Russia-Ukraine crisis or climate change, but something that typically wouldn’t raise eyebrows: The 2026 G20 presidency. When it’s about China and the US, even […]
Ripple makes smart move to further dominate US markets
While the global financial industry remains in flux, Ripple has been strategically positioning itself for a greater slice of the American financial pie. Their most recent move? The acquisition of Fortress Trust. This is not just any acquisition; it’s a power move, indicating Ripple’s unwavering ambition to expand its dominance in the U.S. markets. Fortifying […]
Joe Biden is now absolutely terrified of China – But why?
As the global power dynamics shift, Joe Biden seems increasingly uneasy about China’s growing economic clout. Delving deep into the geopolitical landscape, it’s clear that Biden is looking for a robust counter-strategy to China’s economic might. China’s influence isn’t just a mirage; it’s a tangible, expanding reality that the U.S. can no longer ignore. The […]
Survey reveals the exact salary Americans need for comfort
The gnawing feeling of financial anxiety, the constant tossing and turning in the dead of night, fearing the looming student loan payments, and skyrocketing credit card balances. These are the dark thoughts 3 out of 4 Americans grapple with, thanks to our fragile economy. So, just how much do Americans need to shelve those worries […]
How US’s 2025 accounting rules will be for crypto firms
2025 is right around the corner and with it comes a seismic shift in the U.S. accounting world. The Financial Accounting Standards Board (FASB), the pivotal body responsible for sculpting accounting standards for businesses adhering to the U.S. Generally Accepted Accounting Principles (GAAP), has decided to stir the pot a bit. These game-changing mandates set […]
U.S. banks now hold over $3 trillion in cash but there’s a catch
The latest financial reports are revealing a remarkable trend: U.S. banks are currently sitting on an eye-watering sum of over $3 trillion in cash. The reasons for this financial strategy are varied and deeply interconnected, stemming from a cautious approach to an unpredictable economic climate and recent bank failures. Springtime’s Ghosts Still Haunting the Financial […]
Europe wins the inflation pageant, beating U.S.
While many nations rally to celebrate their achievements, Europe finds itself in the limelight for a rather unwelcome reason. Their persistence with inflation stands out, and not in a way that invites applause. In a contest no country wants to win, Europe seems to be taking the lead, standing out starkly against the U.S. The […]
China is criticizing US’s strategies harshly – The details
Recent maneuvers from the US, with its blend of diplomacy and containment, are drawing the ire of China’s formidable intelligence arm. The looming question now is whether this brewing tension jeopardizes the anticipated November summit between the two superpowers. Veiled Threats and Impending Summits Amid the backdrop of alleged US attempts to warm bilateral ties, […]
Robert Kennedy Jr. reveals China’s intentions
Renowned U.S. presidential candidate Robert Kennedy Jr., the son of former U.S. Attorney General and Senator Robert Kennedy Snr., recently shared his perspective on China’s intentions and global developments in an interview with CNBC. During the conversation, RFK Jr. emphasized that while China does not seek a military conflict with the United States, it harbors […]
U.S. commerce chief’s stark warning to China
The strain between the U.S. and China, once close trading partners, has recently grown palpable. Gina Raimondo, the U.S. Commerce Secretary, didn’t mince words during her recent trip to China, outlining that American businesses are running low on patience with the Asian giant. The crux of the issue: American firms are craving predictability and a […]
Mastering China: UBS reveals winning strategy amid tensions
With the looming unpredictable clouds over China’s economic landscape, UBS has recently shed some light on how to navigate this turbulent financial storm. Drawing upon their insights and expertise, they’ve carved a roadmap for investors who are brave enough to venture into this complex territory. UBS: Finding Opportunity amidst the Chaos UBS doesn’t shy away […]
Gary Gensler is about to ruin the American economy
The pathway to economic stability in America is an intricate dance between free market dynamics and regulatory oversight. Often, it’s a delicate balance. Gary Gensler, the current chair of the US Securities and Exchange Commission (SEC), seems determined to upset this balance, if his recent spate of regulations is any indicator. The Avalanche of Regulations […]
Gina Raimondo has a new approach to China-US relations
US Commerce Secretary, Gina Raimondo, concludes her China visit with a distinct message: it’s time to reshape and enhance the trade dynamics between the two global giants. Amidst a backdrop of technology and trade conflicts, Raimondo is spearheading an effort to foster a more cooperative relationship, emphasizing the significance and impact of such a partnership […]
Goldman Sachs snags UK and US firms with Chinese state funds
Amid a backdrop of escalating tensions between Beijing and the West, the renowned Wall Street institution, Goldman Sachs, deftly maneuvered Chinese state funds to acquire a selection of American and British businesses. Intriguingly, this strategic move included the acquisition of a cybersecurity firm known for servicing the British government. Subtle Power Moves: Unpacking Goldman Sachs’ […]
Gina Raimondo says U.S. still sees China as a friend
In a world swamped by complex geopolitics and volatile economic shifts, it’s hard to decipher real intent. Yet, the recent visit by US Commerce Secretary Gina Raimondo to China sent a clear signal to all stakeholders: America continues to view China as a partner. However, being a partner doesn’t always mean smooth sailing. Raimondo’s call […]
Tech Executives Set to Convene at Exclusive U.S. Senate AI Discussion
A group of high-profile figures within the technology industry, including Elon Musk of Tesla, Mark Zuckerberg of Meta Platforms, and Sundar Pichai of Alphabet, are gearing up to partake in a forthcoming closed-door forum on artificial intelligence (AI) to be hosted by U.S. Senate Majority Leader Chuck Schumer. This closed-door dialogue, scheduled for September 13, […]
What the U.S. commerce chief is talking about with China
The latest buzz in international politics centers around the U.S. Commerce Secretary Gina Raimondo’s recent trip to Beijing. Intending to bridge the widening gaps between the two economic behemoths, Raimondo’s mission could be summarized as: “Defend the non-negotiable, foster growth where possible.” As she ventured into China’s heartland, she carried with her an agenda grounded […]
Should we have high hopes for U.S. jobs data?
Anticipation is high, and the stakes even higher. Investors around the globe have their sights set on the latest job figures from the U.S., and it’s not just about the numbers. It’s about the implications those numbers have for the world’s premier economy, especially when whispers of a “soft landing” hang in the air. Reading […]
US crypto tax plan will have decentralized exchanges trapped
The crypto world finds itself on the edge as the U.S. Treasury Department unravels its definition of a “broker” in the sphere. This newly released framework stands as a potential barricade for decentralized finance platforms. While the move attempts to bring clarity to the murky waters of crypto tax regulations, it also hints at the […]
Uh-oh: U.S. gives China advise on economic slump
It seems the tables have turned. The U.S., in a bold move, is knocking on China’s door, urging transparency regarding the state of its economy. With China holding such a prominent position in the global economic theater, ripples from its slowdown could reverberate, impacting worldwide growth trajectories. U.S. concerned about China’s transparency Jake Sullivan, the […]
U.S. commerce secretary gears up for crucial China visit
Amid a myriad of international tensions and fragile relations, U.S. Commerce Secretary Gina Raimondo is charting a course straight to China’s heartland. Scheduled for the end of August, Raimondo’s trip marks a strategic move in international diplomacy between the two global giants. Navigating Choppy Diplomatic Waters Gina Raimondo isn’t just making a cursory visit. Her […]
S&P lowers the boom on U.S. banks and it is a disaster
Dark clouds are looming over the U.S. banking sector. S&P Global delivered a sobering verdict on Monday, reducing credit ratings for numerous regional U.S. banks. The motive? Anticipated credit strength testing due to escalating funding costs and disturbances in the commercial real estate sector. Banks Face the Heat of Rising Interest Rates There’s no denying […]
U.S., South Korea and Japan gang up on China
A display of strengthened unity and alignment was evident at Camp David, as the U.S. President Joe Biden convened with Asian allies, South Korean President Yoon Suk Yeol and Japanese Prime Minister Fumio Kishida. The key aim? To mount a formidable front against China’s increasing dominance in the South China Sea and nuclear intimidations from […]
U.S. alerts space firms: Beware of foreign espionage
The U.S. has sounded the alarm, urging the nation’s space industry to bolster its defenses against escalating foreign espionage threats. It’s not merely a nudge; it’s a clarion call as other nations, primarily China and Russia, amplify their clandestine operations to infiltrate and extract crucial trade secrets. The very foundation of the U.S. space sector, […]
U.S. economy’s strength spurs rethink on interest rates
The global market landscape is in turmoil. Amid surging borrowing costs from Europe to the U.S., economists and investors are being forced to reassess the trajectory of worldwide interest rates. The driving force? A resilient U.S. economy displaying vigor not anticipated by many. The Powerhouse: U.S. Economy’s Resilience Recent data paints the U.S. economy in […]
Doubts grow on necessity of Fed’s rate increases
Eyes are on the Federal Reserve as speculation intensifies over its interest rate decisions. Recent indicators from the July meeting insinuate that although the battle against inflation is far from over, there’s an emerging skepticism surrounding the urgency for continual rate hikes. A Balancing Act of Risks Fed officials, while unanimous in backing a modest […]
U.S. picks a fight with Iran over Russia
The political chessboard of global affairs is in flux, and central to this is the U.S.’s aggressive push to sever Iran’s ties to Russia. This hardline stance stems from their alleged drone transactions and is emblematic of the high-stakes gamesmanship characterizing U.S.-Iran relations. A Web of Tense Diplomacy Recent events have revealed that the U.S. […]
China blames the U.S. for all its chaos
The world watched as China’s defense minister took center stage in Moscow, delivering a message that seems to ruffle feathers in the West. As China solidifies its position on the global stage, one thing is clear – the East Asian powerhouse isn’t shying away from calling out what it sees as U.S. interference. Strategic Partnerships […]
Congressman: Banning CBDC vital for America’s future
An outspoken critic on the move to introduce a central bank digital currency, U.S. Congressman Warren Davidson, once again steers the national conversation on the CBDC’s potential dangers and its profound implications for the nation’s fintech horizon. Contrary to popular belief, cryptocurrencies and CBDCs aren’t two sides of the same coin. Let’s take a deep […]
US mortgage bond case: UBS settles for $1.4 billion
In a climactic finish to a long-standing regulatory saga, UBS is set to part ways with a staggering $1.4 billion. This hefty sum marks the bank’s settlement to resolve allegations of mis-selling residential mortgage bonds leading up to the notorious 2008 financial meltdown. This case stands as the final piece in the mosaic of governmental […]
U.S. investment banks and China – A story
The narrative surrounding U.S. investment banks and their once-flourishing relationship with China has drastically shifted. It’s not just about missed opportunities or simple miscalculations. It’s about the colossal rift that has torn through a once-lucrative partnership, leaving both parties in an uncertain dance around finances, geopolitics, and the future of international banking. As China takes […]
U.S. realizes national and economic security’s bond
For years, the U.S. operated under a seemingly clear distinction: national security was one pillar, and economic stability was another. Yet, the blurring lines between economic and national interests now challenge this compartmentalized view. The United States is waking up to a reality that other major players, particularly China, have recognized for a long time: […]
China to boost foreign investment – You there, U.S.?
The diplomatic chess game between China and the U.S. continues, with China upping the ante. Amidst a global tug-of-war for economic dominance, Beijing has unveiled its latest move: a comprehensive plan to make the nation more alluring to foreign investors. The goal? To reignite China’s post-pandemic economic recovery, even as the country grapples with challenges […]
Post Malone raises concerns over CBDC on the Joe Rogan podcast
Central Bank Digital Currencies (CBDCs) have sparked discussions across the mainstream landscape, drawing attention from both supporters and skeptics. The recent backlash against CBDCs by United States politicians and prominent public figures like Joe Rogan and Post Malone underscores the growing concerns over the implications of government-backed digital currencies. Post Malone states the potential risk […]
How the US curbs on Chinese investment affects EU
The recent US-driven restrictions on investments in China’s high-tech sector have sent shockwaves through the global financial community. But while the US decisively takes action, the European Union navigates a more complex and intertwined relationship with Beijing, revealing a more hesitant approach and a reluctance to march lockstep with Washington. Balancing Economic Ties and Security […]
What the US inflation data for July tells us
Every month, financial gurus, policymakers, and average citizens wait with bated breath for the release of US inflation data. July was no exception, and the revelations provide fodder for a deeper analysis. Let’s dive in. A hint of stability amid heightened economic uncertainty The month-on-month increase in United States inflation for July echoed that of […]
Investors caught in the middle of Biden’s tech restrictions
The financial arena has been sent into a whirlwind as President Joe Biden clamps down on U.S. technological investments into China. Investors, once enthusiastic about the tech-rich, booming Chinese market, now find themselves skidding on a slippery slope, deliberating their next moves amidst burgeoning geopolitical tensions. A chilled investment atmosphere When the Biden administration unveiled […]
China responds to Biden’s investment restrictions
China has boldly come forward, openly criticizing the Biden administration’s recent endeavors to curtail U.S. investment in the technological sphere. To some, it might seem like a mere economic play, but scratch the surface, and you realize the undercurrents run deeper, touching upon themes of political posturing and global supremacy. Economic power play or political […]
Why is Japan in the middle of US-China rivalry
Japan, the historical titan of the East, now finds itself caught in the midst of a modern-day superpower showdown between the US and China. Both the Pacific giants view Japan as a pivotal player in their global chess match, yet Japan’s stance remains as enigmatic as ever. What’s behind this intense spotlight on Japan? Tokyo’s […]
Biden’s family bagged $20m from shady foreign sources
Joe Biden’s family has lately been under the intense scrutiny of the ever-watchful public eye. The US House Oversight Committee’s recent disclosure has thrown the financial dealings of the Biden family into a tempest of questions. A whopping $20 million sourced from foreign entities has added another layer to the unfolding political drama. Hunter Biden’s […]
