Watch full video on YouTube

The Chinese city of Quingdao will pilot an electricity- and network-free digital yuan public transport payments solution, marking another national first for the central bank digital currency (CBDC).The news comes as another city in the pilot zone announced it will give away some $140,000 of CBDC discount tokens.Per the Securities…

The iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) is a pretty interesting ETF in that it is structured to avoid any duration risk. This means the sensitivity of the portfolio to a change in rates should be around zero, at least in direct terms. LQDH is priced based on…

Alibaba’s longtime leader Daniel Zhang is being replaced as chief executive and chair of the Chinese ecommerce giant, as the group races to reinvent itself by splitting into six separate entities.Eddie Yongming Wu, the chair of Alibaba’s flagship ecommerce sites Taobao and Tmall, will replace Zhang as chief executive in…

Control of Congress has become so precariously balanced between the two parties that it may now be subject to the butterfly effect. The butterfly effect is a mathematical concept, often applied to weather forecasting, that posits even seemingly tiny changes – like a butterfly flapping its wings – can trigger…

Exchange-traded funds that invest in Treasury bonds fell Tuesday after the May inflation report, as the market anticipated the Federal Reserve may continue hiking interest rates after a June pause.  Shares of both the iShares 20+ Year Treasury Bond ETF TLT, -0.39% and iShares 10-20 Year Treasury Bond ETF TLH,…

In the ever-evolving landscape of finance, artificial intelligence (AI) has been making steady strides. One development that recently caught my attention was the performance of OpenAI’s ChatGPT in stock trading. The advanced AI model selected a portfolio that outperformed the S&P 500 SPX, -0.37% as well as some of the…

Corporate leaders appear to be excited about the revolutionary potential of artificial intelligence. And their employees? Not so much.It’s no surprise, perhaps, that 62% of bosses in a recent Boston Consulting Group survey said they felt optimistic about AI’s impact on work, while only 42% of employees said they felt…

Former President Donald Trump is facing even more legal jeopardy as the race for the Republican presidential nomination heats up, following an indictment Thursday by a federal grand jury in the probe into his handling of classified documents at Mar-a-Lago, his Florida resort. The historic indictment comes after Trump in…

© Reuters. (Reuters) – The U.S. Justice Department will review the PGA Tour’s plan to merge with Saudi-backed LIV Golf to determine if it violates antitrust law, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The PGA Tour, DP World Tour and rival Saudi-backed LIV…