The US debt crisis is temporarily resolved, with the debt ceiling raised for two years. However, a future government default is possible, causing economic instability. To safeguard our finances, prepare in advance for a potential shutdown by taking proactive measures. While external factors are beyond our control, it’s wise to mitigate risks now. Preparing ahead …
Shielding Finances from Future US Default or Shutdown Read More »
JPMorgan CEO Jamie Dimon calls for real engagement between US and China during his visit to China, emphasizing the need to address disputes over security and trade. He rejects decoupling in favor of derisking as tension escalates. Dimon expresses optimism that these issues are resolvable and highlights the importance of dialogue over confrontation. This visit …
JPMorgan’s Dimon Urges Genuine US-China Engagement Read More »
CDs and bonds are popular fixed-income investments, each with its own characteristics. CDs, offered by banks and credit unions, involve lending money for a fixed period and earning interest. Bonds, issued by governments or corporations, raise capital by borrowing from investors for a specified period. CDs generally have shorter maturity periods, ranging from months to …
US Treasury cash reserves are dangerously low, with just $38.8B remaining as of May 25. This amount is approaching the minimum level of $30B, while 31 billionaires, including Bernard Arnault, Elon Musk, and Jeff Bezos, individually surpass the Treasury’s cash with net worths ranging from $144B to $193B. Notable figures like Warren Buffett, Mark Zuckerberg, …
31 Billionaires Surpass US Treasury’s Cash Reserves Read More »
China’s small investors sour on equities, turning to safer assets amidst a stuttering recovery. Hopes for a post-pandemic rally fade as billions of yuan in excess savings fail to enter the stock market. Instead, households flock to bonds and deposits, leaving equity markets adrift. Chinese blue chips and Hang Seng index struggle, while sovereign bond …
China’s Recovery: Small Investors Grow Disenchanted Read More »
Nvidia’s CEO, Jensen Huang, predicts a new computing era where anyone can become a programmer by simply speaking to the computer. No more writing lines of code and facing frustrating compilation errors. Huang revealed this vision during his keynote speech at the Computex forum in Taiwan. He also introduced DGX GH200, an AI supercomputer platform …
Nvidia CEO: Generative A.I. makes ‘Everyone a Programmer’ Read More »
Popular Android screen recording app, “iRecorder – Screen Recorder,” spied on users after a year of being listed on Google Play. The app stole microphone recordings and documents from phones. The malicious code, known as AhRat, allowed it to secretly upload 1 minute of audio every 15 minutes and extract files. The app has been …
Android App’s Secret Spying Months After Google Play Listing Read More »
Can Short-Term Treasury Bills Generate High Returns? Experts are bullish on yields exceeding 5% for durations up to six months. The debt-ceiling uncertainty may drive yields higher for shorter investments like Treasury bills. However, longer-term Treasury notes and bonds may experience a decline. While this strategy benefits billionaire investors like Bill Gross, individual investors may …
Dow Jones, S&P 500, and Nasdaq futures rose slightly on Tuesday, driven by a potential debt-ceiling deal and recent positive developments. Tesla is among several stocks showing potential for growth, while Nvidia’s AI announcements boosted market sentiment. Last week’s market rally showed mixed results, with tech stocks, particularly Nvidia, experiencing significant gains. Additionally, progress on …
Dow Jones Futures Soar on Debt-Ceiling Deal; Tesla, Nvidia in Focus Read More »
Buy now, pay later (BNPL) services have surged in popularity since 2019, with 17% of Americans reporting BNPL borrowing in the preceding year (source: 2022 Consumer Financial Protection Bureau survey). These platforms aim to ease larger purchases by splitting them into interest-free installments. However, consumer advocates, including Consumer Reports, have raised concerns. Their analysis reveals …
Ranking Buy Now, Pay Later Apps: Klarna to Sezzle Read More »
