© Reuters. Investing.com– China’s economy grew slightly less than expected in the fourth quarter amid consistent pressure from weak spending and a property market decline, although growth for 2023 managed to just edge past government targets. grew 5.2% year-on-year in the three months to December 31, data from the National Bureau of Statistics showed on […]

The new measures, which entered into force on 1 January 2024, comprise two texts: the decree No 2023-1293, which provides most of the new measures, in particular those amending the scope of FDI screenings regime, and the order dated 28 December 2023, which addresses certain issues related to the new 10% voting rights threshold (the […]

Chinese President Xi Jinping emphasized the need for a strong currency as he seeks to make his country a “financial power,” highlighting Beijing’s desire to boost the global status of the yuan. A financial power should have a robust economic foundation, strong currency, central bank, financial institutions, regulation and talents, Xi said at a study […]

If there’s one investment “Shark Tank” star Kevin O’Leary is out on, it’s bitcoin ETFs. Spot bitcoin ETFs secure multiple bitcoins in a digital vault, the purpose of which is to mirror the current price of bitcoins in the market. The SEC approved 11 different spot bitcoin ETFs for trading in the U.S. on January […]

Environmental, social, and governance (ESG) investing has been subject to increased US state and federal regulation over the last several years, and 2023 continued that status quo. As of January 1, 2024, 20 states have enacted anti-ESG investing rules, eight have enacted pro-ESG investing rules, and three have enacted disclosure of ESG investing rules. Many […]

2023 was an interesting year for the investment markets as U.S. stocks and bonds finished up for the year. This was in spite of a continuing war in Ukraine, Hamas attacking Israel, a regional U.S. banking crisis and, oh by the way, the Federal Reserve raised interest rates to a 22-year high. Either way, I’ll […]

DUBAI, United Arab Emirates (AP) — Yemen’s Houthi rebels fired an anti-ship cruise missile toward an American destroyer in the Red Sea on Sunday, but a U.S. fighter jet shot it down in the latest attack roiling global shipping amid Israel’s war with Hamas in the Gaza Strip, officials said. The attack marks the first […]

Bloomberg’s senior ETF analyst Eric Balchunas predicts a potential softening in asset manager Vanguard’s rigid stance against spot Bitcoin exchange-traded funds (ETFs). Recognized for its conservatism, Vanguard recently gained notoriety for maintaining a considerable distance from Bitcoin (BTC) and other digital currencies due to the sector’s volatile nature. However, Balchunas suggests that the growing necessity […]

© Reuters. SAN FRANCISCO – Wells Fargo & Co. announced that its fourth-quarter net income rose to $3.45 billion, marking an increase from the previous year’s $3.16 billion. The bank, headquartered in San Francisco, also reported an adjusted earnings per share (EPS) of $1.29, surpassing EPS estimates. Despite the positive earnings report, the company’s stock […]

Ah, these are good days to have some savings — am I right? Bank bonuses for large deposits in new accounts are getting heftier, APYs on CDs are the highest they’ve been in almost two decades, and everyone that’s anyone is offering generous interest rates on no-fee savings accounts. It seems like everywhere you look, […]