The recent influx of money into small caps has caught the attention of many experts in the financial industry. Dave Nadig, an ETF journalist and financial futurist, believes that this trend is not simply a result of a rotation from winning growth trades. In an interview on CNBC’s “ETF Edge,” Nadig emphasized that investors are
Finance
Recent statements from top Chinese officials highlight the country’s commitment to prioritizing its own affairs amidst escalating trade tensions with other nations. Han Wenxiu, deputy director at the Chinese Communist Party’s central committee office for financial and economic affairs, emphasized that by focusing on internal affairs, China can ensure the smooth and steady progress of
Buying a new electric vehicle isn’t the only way consumers can access a $7,500 federal EV tax credit. They may also be able to get the money by leasing a car. The Inflation Reduction Act, which President Joe Biden signed in 2022, contained various rules related to consumer tax breaks for EVs. Perhaps the best
JD Vance, the new running mate of U.S. presidential hopeful Donald Trump, delivered a hard-hitting speech at the Republican National Convention emphasizing the need to protect the wages of American workers. In his address, Vance highlighted the threat posed by the Chinese Communist Party to American citizens, stressing the importance of safeguarding the interests of
Federal Reserve Governor Christopher Waller recently indicated that interest rate cuts may be in the cards soon, provided that there are no unexpected developments in inflation and employment. He expressed optimism about a potential “soft landing” based on current data and stated that he would be closely monitoring economic indicators in the coming months to
The price of gold surged to a record high on Tuesday, reaching $2,465.30 as investors anticipated a potential interest rate cut in September. This marked a 1.5% increase from the previous high of $2,454.20 set back in May. The upswing continued as futures peaked at $2,467.30 per ounce during the trading session. Adding fuel to
The surge in small-cap stocks has been making headlines recently, with the Russell 2000 index leading the bull market. The benchmark for small-cap stocks rose by 1% on Tuesday, reaching its highest level since January 2022. This surge is accompanied by hopes that interest rate cuts by the Federal Reserve will broaden the economic recovery
Recently, the German regulator BaFin accused Deutsche Bank of incorrectly disclosing deferred tax assets in its 2019 financial statement. According to BaFin, the declarations on deferred tax assets in the consolidated financial statement were incomplete, not meeting international accounting standards. Specifically, 2.076 billion euros worth of deferred tax assets were not disclosed separately in the
The recent attempted assassination of former President Donald Trump at a Pennsylvania rally has left a somber mood among the leaders of Wall Street’s most powerful firms. JPMorgan Chase CEO Jamie Dimon expressed deep sadness and condemned the political violence in a memo to employees. He stressed the importance of standing together against acts of
Goldman Sachs, a financial giant, demonstrated its resilience and strength with its latest earnings report, surpassing profit and revenue estimates. The second-quarter profit saw a remarkable 150% increase from the previous year, reaching $3.04 billion. The earnings per share stood at $8.62, beating the LSEG estimate of $8.34 per share. The company’s revenue also exceeded