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U.S. Secretary of State Antony Blinken met with Chinese President Xi Jinping on Monday, as the top U.S. diplomat wraps up his rare two-day visit to Beijing amid simmering U.S.-China tensions.Speaking as he addressed Blinken, Xi said that the two superpowers “have had candid and in-depth discussions” and stressed that…
LONDON — U.K. borrowers are facing a cliff edge that could damage the economy as rising mortgage costs hit deal renewals and the number of products available shrinks, experts warned Monday.New figures from financial information company Moneyfacts showed the average two-year fixed rate mortgage on a residential property in Britain rose…
Alibaba founder Jack Ma has given his first lecture as a visiting professor to the University of Tokyo, as the high-profile Chinese entrepreneur retreats further from his business empire following a crackdown by Beijing. Ma, who was formerly an English teacher before he became one of China’s most successful business…
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The founder of Cardano, Charles Hoskinson, has confirmed on Twitter that he is part of an expedition that is searching for a “meteor of interstellar origin” that crashed onto Earth from outer space in 2014.The United States Department of Defense verified the origin of the meteor back in 2019, and…
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Investment Thesis Arista Networks (NYSE:ANET) has been building a leading position in the data centre equipment space for over a decade. It has become a key supplier of ethernet switches and routing equipment to large internet companies, data centres, and corporate campuses and has been successfully riding the wave as…
BlackRock and JPMorgan Chase are helping the Ukrainian government set up a reconstruction bank to steer public seed capital into rebuilding projects that can attract hundreds of billions of dollars in private investment.The Ukraine Development Fund remains in the planning stages and is not expected to fully launch until the…
A growing number of states are considering or have passed measures this legislative term to ban “foreign adversaries” and foreign entities – specifically China – from buying farmland. Proponents of the laws, mostly Republicans but some Democrats as well, have frequently cited concerns about food security and the need to…
How U.S. financial markets have performed in the past 15 months as Fed rate hikes fueled wild swings
It’s been a roller-coaster ride for U.S. financial markets the past 15 months, after the Federal Reserve started its most aggressive monetary tightening campaign in four decades to tame inflation. After 10 consecutive interest-rate hikes which took the benchmark fed-funds rate from near zero to a range of 5% to…