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Commodities
China Buys Gold for 16 Months in a Row
China has added to its gold coffers for 16 months in a row, Bloomberg data shows. Gold hit new record…
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Currencies
Russian Asset Seizure Erodes Dollar, Euro Trust, Moscow Minister Says
Using Russia’s frozen assets is undermining Western currencies, Finance Minister Anton Siluanov said, per Bloomberg If the West targets the…
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Investment
Investment Bank Summer Internship Recruiting Just Got More Competitive
When a finance professor got a request from an investment bank to visit campus in October to talk to sophomore…
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Shares
Tech Concentration Exceeds Dot-Com Bubble Levels
Albert Edwards, the Societe Generale strategist who called the dot-com bubble over two decades ago, can’t believe it: concentration in…
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Currencies
China, India to Beat US in Digital Dollar Race As Fed Lacks Innovation
Central banks will begin to diverge in their use of technology in 2024, the Atlantic Council said. The US risks…
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Currencies
Fed Rate Hikes Have Pushed More Firms to China’s Yuan
The Fed’s hiking cycle has made dollar credit more expensive and scarcer, the Atlantic Council wrote. China’s yuan has benefited…
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Currencies
Give Russian Assets to Ukraine As ‘Elegant Justice’: Former World Bank Head
The West should transfer frozen Russia reserves to Ukraine, a former World Bank president said. Though countries may be more…
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