Texas is continuing to stake a claim as a rival to Wall Street as a key financial hub in the United States, with Gov. Greg Abbott on Tuesday saying his state has a "stronger brand than New York.""Capital markets are realizing that the place to be is Texas," Abbott said...
Category: Finance
China’s retail sales strengthen at the start of the year, industrial output tops expectations
Pictured here is a Shanghai development under construction on Nov. 4, 2024.Cfoto | Future Publishing | Getty ImagesChina's economy showed a modest pickup for the first two months of the year, according to data published Monday by the National Bureau of Statistics, as Beijing reiterated its plan to bolster domestic...
Mainland Chinese investors snap up a record amount of Hong Kong stocks to play AI
Hong Kong's stock exchange reported its highest quarterly profit in nearly four years after China's stimulus measures boosted trading and listing volume.Bloomberg | Bloomberg | Getty ImagesBEIJING — Mainland Chinese investors are piling into the Hong Kong stock market at record volumes as its tech-heavy Hang Seng Index trades around...
‘We don’t believe in the velvet rope:’ One money manager is giving retail investors access to private credit. But is it worth it?
They're generally reserved for the ultrawealthy and financial institutions.But the exchange-traded fund industry is looking to give retail investors more access to alternative investments including private credit.BondBloxx's Joanna Gallegos thinks it's a great idea despite the asset class' reputation for charging high fees and academic research that have shown sluggish...
China raises budget deficit target to levels not seen since at least 2010 to shore up growth
Pictured here is a residential complex under construction in Hangzhou, China, on Dec. 16, 2024.Nurphoto | Nurphoto | Getty ImagesBEIJING — China on Wednesday announced plans to raise its fiscal deficit to "around 4%" of gross domestic product, a rare increase that marks a meaningful shift in policy.The target was...