The launch of bitcoin exchange traded funds in January has caught the attention of financial advisors, but their adoption of these new products has been slower than expected. Despite the introduction of funds like the iShares Bitcoin Trust (IBIT) earlier this year, financial advisors seem to be cautious about incorporating bitcoin ETFs into their clients’
The U.S. retail sector is currently facing pressure due to elevated interest rates, causing a mixed performance in the market. While the S&P 500 Consumer Discretionary Distribution & Retail index has seen a 14% increase this year, it is important to note that not all companies within the sector have experienced the same level of
China’s Premier Li Qiang embarked on a four-day trip to Australia with a low-key start, visiting a South Australian winery and the Adelaide Zoo. The visit commenced with an announcement that Beijing would provide two new pandas after the current pair, Fu Ni and Wang Wang, return to China in November. This gesture marks Li
Italian Prime Minister Giorgia Meloni has been making headlines for her pragmatic approach to international issues since taking office in 2022. While many expected her to be a dogmatic conservative, unwilling to compromise, recent events at the Group of Seven summit in Italy have shown a different side to her leadership style. At the G7
Investors concerned about concentration risk in the market have been exploring alternative strategies to mitigate potential downsides. Phil McInnis, the chief investment strategist at Avantis Investors, suggests a diversified approach that goes beyond traditional index funds like the S&P 500. He believes that focusing on value-oriented investments can lead to better long-term returns by emphasizing
President Luiz Inacio Lula da Silva of Brazil recently made statements regarding Finance Minister Fernando Haddad’s proposals for spending cuts. While he acknowledged the need for fiscal adjustments, he emphasized that such measures should not come at the expense of the poor. This stance indicates a commitment to protecting vulnerable segments of the population while
In a recent analysis conducted by Goldman Sachs economists, the potential impacts of U.S. immigration policies on labor force and GDP growth have been closely examined. The report highlights that net immigration to the U.S. saw a significant increase to approximately 2.5 million last year, which had a positive effect on the overall economy by
The global economic outlook, as reported by Citi economists, suggests that major central banks such as the Federal Reserve (Fed), the European Central Bank (ECB), and the Bank of England (BOE) are likely to cut interest rates in September. This forecast is based on the balancing of three key themes: resilient services sectors, persistent inflation
Chinese Premier Li Keqiang made a significant visit to Australia, marking the first visit by a Chinese premier to the major trading partner in seven years. Upon his arrival, Li expressed that relations between the two countries were “back on track.” He emphasized Australia’s unique position in connecting the West and the East, stating that
Indonesia’s President-elect Prabowo Subianto has made it clear that he does not intend to increase the country’s public debt to 50% of gross domestic product (GDP). This statement came from a senior aide, Thomas Djiwandono, who leads fiscal discussions with the outgoing government’s finance ministry. The denial of a report suggesting a significant increase in