German chancellor Olaf Scholz once described his politics as “liberal, but not stupid”. As he prepares to welcome a large Chinese delegation to Berlin, a senior German official claims a similar characterisation applies: “On China you could say: we’re free traders, but we’re not stupid.” That confidence, however, masks deep rifts within Scholz’s three-way ruling
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For Mira Murati, OpenAI’s chief technology officer, the evening of November 29 was no different to any other. She got back home from the start-up’s San Francisco offices that evening, after her team wrapped up the release of an experimental product: ChatGPT. ChatGPT was lined up as a research demonstration. That plan changed dramatically when
Barclays is facing a High Court trial next year after being sued by a Dutch social housing association that came close to collapse in 2012 after it bought complex interest rate derivatives. The housing association, known at the time as Vestia, rents homes to thousands of low-income tenants and brought lawsuits against seven global banks
Paradigm shifts happen slowly, and then all at once. This was the case during the last economic shift, in the Reagan-Thatcher era. Ronald Reagan wasn’t elected US president until 1980, but many of the speeches he gave during his 1976 Republican primary run set the stage for a new post-Keynesian era. In this, he argued,
When Paddy Scott developed agonising stomach pains in 2017, the possibility of cancer never entered his head. The British expedition photographer and film-maker, whose work often took him into rugged or dangerous terrain, was just 34 years old and prided himself on his physical fitness. After his GP referred Scott to hospital for a colonoscopy,
When the UK government launched its replacement for EU development grants last year, ministers promised to “slash” bureaucracy and give spending decisions back to communities. But economic development experts and local leaders have warned that the UK Shared Prosperity Fund — the three-year, £2.6bn pot allocated for regional economies that superseded Brussels grants — is
Ripple CEO Brad Garlinghouse has warned that as Ripple’s case against the United States financial watchdog comes “to a close,” it is only the beginning of the battle for many others in the crypto industry, emphasizing that the fight for clarity “has to continue.’ Following a lengthy back and forth between Ripple and the United
Beijing’s bid to persuade investors to value its giant state-owned enterprises according to their socialist credentials, rather than by conventional western capitalist measures, has flopped after a rally in their shares fizzled this month. The stocks rose after officials in November called for the creation of a “valuation system with Chinese characteristics” that departed from
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Gold mining ETFs are leveraged plays on the price of gold. Here is what investors need to know. VanEck Vectors Gold Miners ETF: https://www.zacks.com/funds/etf/GDX/profile?cid=CS-YOUTUBE-FT-VID IShares MSCI Global Gold Miners ETF: https://www.zacks.com/funds/etf/RING/profile?cid=CS-YOUTUBE-FT-VID Sprott Gold Miners ETF: https://www.zacks.com/funds/etf/SGDM/profile?cid=CS-YOUTUBE-FT-VID Van Eck Funds International Investments Fund: https://www.zacks.com/funds/mutual-fund/quote/INIVX?cid=CS-YOUTUBE-FT-VID Newport Mining: https://www.zacks.com/stock/quote/NEM?cid=CS-YOUTUBE-FT-VID Barrick Gold: https://www.zacks.com/stock/quote/GOLD?cid=CS-YOUTUBE-FT-VID Agnico Eagle Mines: https://www.zacks.com/stock/quote/AEM?cid=CS-YOUTUBE-FT-VID Kirkland Lake:
Trading 212 shows you how to find retracements and identify entry and exit points with Fibonacci numbers. At Trading 212 we provide an execution only service. This video should not be construed as investment advice. Investments can fall and rise. Capital at risk. CFDs are higher risk because of leverage.
Top Stories This Week US lawmakers file ‘SEC Stabilization Act’ to fire Gary Gensler United States Representative Warren Davidson has introduced the “SEC Stabilization Act” into the House of Representatives. One of the bill’s main provisions is to fire Securities and Exchange Commission (SEC) Chair Gary Gensler. The bill would remove Gensler from office and
The dollar-pegged Binance USD (BUSD) stablecoin sits now at the fourth position in market capitalization among other stablecoins following a dip of over $1 billion in the past 30 days, data from CoinMarketCap shows. As of writing, BUSD market cap stands at $4.30 billion, down 29% from $5.54 billion on May 18. The stablecoin has
Joe Biden returned to the campaign trail on Saturday for a rally with union members in Philadelphia, Pennsylvania, in the first major political event for the US president since he announced his re-election bid in April. Biden, who grew up in Scranton, Pennsylvania, received a warm welcome from the crowd. But there are fears among
Emerging and frontier markets are poised to benefit from US-China tensions as global investors seek companies and projects that can avoid the economic rivalry, Mercer’s chief investment strategist has said. Non-aligned countries are benefiting as western companies move supply chains out of China, said Rich Nuzum, who is also executive director of investments for a group
UBS chief executive Sergio Ermotti has given the clearest indication yet that his bank intends to keep hold of Credit Suisse’s domestic business in spite of fierce opposition within the country. Speaking at a company-wide meeting this week, Ermotti told Credit Suisse staff that retaining the Swiss bank and merging it with UBS’s domestic business
Lenders to San Francisco’s beleaguered commercial real estate market are braced for defaults on billions of dollars of debt after the owners of the city’s largest shopping mall and biggest hotel ceased loan payments and handed back the keys on what was once the city’s most valuable property. This week, Westfield and Brookfield Properties announced
Westend61 | Getty As interest rates have climbed, homebuyers have been confronted with higher borrowing costs. That has led more home purchasers to opt for one strategy, purchasing mortgage points, as a way to defray higher monthly payments. Mortgage points let buyers pay an upfront fee to lower the interest rate on their loans. In
John Howard | Digitalvision | Getty Images In September 2022, Jana Partners made an investment in Freshpet after the company’s stock had dropped by approximately 74%.The firm liked the company and its business a lot, but thought that it was mismanaged and needed a reconstituted board to institute more focus and management accountability. Because Freshpet
The Labour party has lifted its boycott of the crisis-hit CBI, with shadow business secretary Jonathan Reynolds meeting the UK lobby group’s new director-general Rain Newton-Smith this week. Both Britain’s main opposition party and the governing Conservatives ceased engagement with the CBI earlier this year in the wake of a misconduct scandal which has brought
Female delegates at UN climate talks allege they were bullied, abused and sexually harassed by male negotiators, casting a deeper shadow over this year’s COP28 summit. Delegates at the UN talks in Bonn this month told the Financial Times of several instances where female delegates faced intimidation or harassment from male counterparts, prompting a letter