Finance

In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT A major exchange-traded fund provider is going deep on two popular plays: megacap tech and weight loss drug stocks. In health care, Roundhill Investments is getting ready to launch a fund that focuses on the companies behind GLP-1 drugs. Dave Mazza, the firm’s chief strategy

Deep-pocketed, sovereign wealth funds are among the investors clamoring to get a stake in Anthropic, the red-hot artificial intelligence startup that’s taking on OpenAI. One country that’s being left out: Saudi Arabia. As bankers line up a group of potential new Anthropic backers, the company has ruled out taking money from the Saudis, according to

Fangxianuo | E+ | Getty Images There can be ample roadblocks during a job hunt, including so-called “ghost” jobs. These can be phantom listings for jobs that don’t exist, or those posted such a long time ago that it seems the job may not be available. Luckily, there are ways for job seekers to sidestep

U.S. commuters. Caroline Purser | The Image Bank | Getty Images The recent influx of immigration into the U.S. is helping to bolster the economy despite a raft of global challenges, according to Joyce Chang, chair of global research at JPMorgan. The U.S. Federal Reserve on Wednesday raised its U.S. GDP growth projection to 2.1%

ADDIS ABABA, Ethiopia – Dec. 7, 2023: A branch of the Commercial Bank of Ethiopia in Addis Ababa. Bloomberg | Bloomberg | Getty Images Ethiopia’s largest bank is struggling to recoup millions of dollars after a glitch over the weekend allowed customers to withdraw unlimited funds, according to local media reports. More than $40 million

The Federal Reserve on Wednesday held interest rates steady as expected and signaled it still plans multiple cuts before the end of the year. Following its two-day policy meeting, the central bank’s rate-setting Federal Open Market Committee said it will keep its benchmark overnight borrowing rate in a range between 5.25%-5.5%, where it has held

Federal Reserve Chairman Jerome Powell testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled “The Semiannual Monetary Policy Report to the Congress,” in Dirksen Building on Thursday, March 7, 2024. Tom Williams | Cq-roll Call, Inc. | Getty Images Federal Reserve members still see three interest rate cuts in 2024 despite an

A jogger runs by the U.S. Capitol as the deadline to avert a partial government shutdown approaches at the end of the day on Capitol Hill in Washington, U.S., September 30, 2023. Ken Cedeno | Reuters BEIJING — The U.S. Congress increasingly has its eye on American capital that’s allegedly funded China’s military development, indicating that greater

The Bank of England in the City of London, after figures showed Britain’s economy slipped into a recession at the end of 2023. Yui Mok | Pa Images | Getty Images LONDON — The Bank of England is widely expected to keep interest rates unchanged at 5.25% on Thursday, but economists are divided on when

A photovoltaic module company in Hefei, Anhui province, on Feb. 20, 2024. Future Publishing | Future Publishing | Getty Images BEIJING — Trade tensions between Europe and Beijing will likely escalate due to China’s growing ability to manufacture more cheaply in strategic industries, according to Jens Eskelund, president of the European Union Chamber of Commerce

Federal Reserve Bank Chairman Jerome Powell testifies before the House Financial Services Committee in the Rayburn House Office Building on Capitol Hill on March 06, 2024 in Washington, DC.  Chip Somodevilla | Getty Images The Federal Reserve has a lot to do at its meeting this week, but ultimately may not end up doing a

Michael Sonnenshein, CEO, Grayscale Investments at the NYSE, April 18, 2022. Source: NYSE LONDON — The boss of digital asset management firm Grayscale, which manages the $26 billion exchange-traded fund GBTC, has said that fees on its flagship product will come down over time, after its outflows reached $12 billion. Grayscale CEO Michael Sonnenshein said that

NEW YORK – Jan. 6, 2023: Nate Anderson works at his desk. Anderson exposes corporate fraud and ponzi schemes through his company Hindenburg Research. The Washington Post | The Washington Post | Getty Images Hindenburg Research has established itself as one of the most powerful voices in public activist short-selling, hammering the share prices of

In this article US10Y Follow your favorite stocksCREATE FREE ACCOUNT The window for interest rate cuts may be closing. On the eve of the Federal Reserve’s two-day policy meeting, Wall Street forecaster Jim Bianco believes the central bank will likely stay on hold until next year. “I’m in the camp that the Fed does not

High-rise residential and commercial buildings are being constructed near Dongyu Road, Qiantan, in the Pudong New Area of Shanghai, China, on March 15, 2024.  Nurphoto | Nurphoto | Getty Images BEIJING —  China’s economic data for the first two months of the year beat analysts’ expectations across the board on Monday. Retail sales rose 5.5%,

In this article BITO BITI BTC.CM= Follow your favorite stocksCREATE FREE ACCOUNT Bitcoin may start to lose its reputation as a volatile asset. According to Bitwise Asset Management’s Matt Hougan, the cryptocurrency’s wild price swings have come down substantially over the past decade. “What’s driving the bitcoin market right now is a simple demand-supply imbalance,”

Federal Reserve Chairman Jerome Powell prepares to testify before the Senate Banking, Housing and Urban Affairs Committee on March, 7 2024.  Kent Nishimura | Getty Images News | Getty Images West Palm Beach, Fla. — The U.S. Federal Reserve is likely to start cutting interest rates by the end of second quarter despite recent “hotter

Video of former President Donald Trump and President Joe Biden is played during a hearing by the Select Committee to investigate the Jan. 6 attack on the U.S. Capitol, in Washington, D.C., on June 13, 2022. Chip Somodevilla | Getty Images News | Getty Images WEST PALM BEACH, Fla. — Investors’ emotions may run high

Bitcoin offices are seen in Istanbul, Turkey, on February 28, 2024.  Umit Turhan Coskun | Nurphoto | Getty Images Bitcoin suffered a steep drop in overnight trading, showing that the world’s largest cryptocurrency hasn’t shaken its tendency for big drops despite continuing to gain acceptance within the mainstream financial world. Data from Coin Metrics shows

Calls for a wealth tax on the world’s super-rich are once again gaining attention after U.S. President Joe Biden said he would impose a new “billionaire tax” on the country’s wealthiest if re-elected in November. Outlining his 2025 budget proposals on Monday, Biden took aim at the uber affluent and reiterated plans for a 25%