China's financial regulators have introduced a series of measures to encourage big state-owned funds and insurers to buy more stocks. The aim is to support a struggling stock market. On Thursday, the chairman of the China Securities Regulatory Commission, Wu Qing, announced that large insurance comp
For the cryptocurrency community, Donald Trump's inauguration signifies a long-awaited end to regulatory challenges faced during the Biden administration. The crypto world is welcoming this presidency with open arms, hoping for policy changes that legitimize their industry. Trump's appointment of cr
December brought a big surprise in the job market, with a whopping 256, 000 new jobs added. This was way more than the expected 155, 000, and it even surpassed November's 212, 000 new jobs. The unemployment rate also dropped slightly to 4. 1%. Even a broader measure, including those who are discoura
Hey there, let's talk about something important happening in the US right now. Janet Yellen, the Treasury secretary, just sent a letter to Congress saying we're about to hit our debt limit. That's the amount of money the government can borrow. Yellen said they'll start using some special tricks to k
In a recent announcement, the Japanese tech giant, SoftBank, revealed plans to invest a whopping $100 billion in the United States. This significant investment is expected to create at least 100, 000 jobs in the fields of artificial intelligence and technology. The announcement was made by President
President-elect Donald Trump's plan includes heavy tariffs on imports, especially from China. This could be bad news for local shops. Those small businesses rely on global supplies, like the foods we eat or parts for repairs. If the costs rise by 20 to 100 percent, some shops might close. The probl
Investors seem to be feeling more at ease with Donald Trump's choice for Treasury secretary. At 5:42 a. m. ET, the 10-year Treasury yield dropped by over 6 basis points to 4. 347%, while the 2-year yield fell by more than 2 basis points to 4. 348%. This change came as investors considered Trump's se
Business leaders are letting out a collective sigh of relief after President-elect Donald Trump picked Scott Bessent to lead the Department of Treasury. Bessent, a 62-year-old hedge fund executive, faced some internal debates before securing the role. His global investment experience and bipartisan
During Donald Trump's first term, Wall Street picked up on something big: the stock market was his scoreboard. He celebrated rallies, advised Americans to buy when prices dipped, and even thought about firing the Fed Chair, Jerome Powell, when the market dropped. Now, as he gears up for another run
Imagine a world where childcare costs less, taxes are lower, and Social Security gets a boost – that’s what Donald Trump promised. But will these promises become reality? Let’s break it down. First, childcare. Trump talked about expanding the child tax credit, which is like a helping hand for paren
