Banking group IIF sounds the alarm on record global debt

Banking group IIF sounds the alarm on record global debt

BEIJNG, CHINA – NOVEMBER 13: Illuminated skyscrapers stand at the central business district at sunset on November 13, 2023 in Beijing, China. (Photo by Gao Zehong/VCG via Getty Images) Vcg | Visual China Group | Getty Images The chief executive of the Institute of International Finance warned Tuesday that policymakers need to swiftly address record … Read more

Trump is ‘transactional’ but may not rock the boat on China

Trump is ‘transactional’ but may not rock the boat on China

Bill Winters, chief executive officer of Standard Chartered, said the U.S. Federal Reserve looks set to pause its interest rate cycle in June get a better read on the latest inflation data. Bloomberg | Getty Images Former U.S. President Donald Trump would be a “transactional president” if he returns to power, but is unlikely to … Read more

Divide between political elites and the working class is a major risk: Allianz CEO says

Divide between political elites and the working class is a major risk: Allianz CEO says

Oliver Bäte, chief executive of German insurance group Allianz. Nurphoto | Nurphoto | Getty Images A growing detachment between political leaders and populations presents the biggest risk in a busy election year, according to Allianz CEO Oliver Bäte. Alongside an expanding conflict in the Middle East and Russia’s ongoing war in Ukraine, a plethora of … Read more

2024’s wave of elections predicted to derail food security progress

2024’s wave of elections predicted to derail food security progress

Skaman306 | Moment | Getty Images DAVOS, SWITZERLAND — The slew of upcoming global elections could derail international efforts to secure long-term food supplies, according to the International Fund for Agricultural Development (IFAD). President Alvaro Lario told CNBC that is short-term politics will likely dominate over longer-term strategy in the bumper election year of 2024, … Read more

Is a war with Hezbollah next? Growing fears over Israel-Hamas war

Is a war with Hezbollah next? Growing fears over Israel-Hamas war

Pro-Iranian Hezbollah militants chant slogans as they walk in the beginning of the funeral procession of the party top commander Wissam tawil in the southern Lebanese village of Khirbit Selem. Picture Alliance | Picture Alliance | Getty Images Is a wider Middle East war — expanding beyond the borders of Gaza and Israel — inevitable? … Read more

Trump loses Joseph Tacopina as lawyer in two cases

Trump loses Joseph Tacopina as lawyer in two cases

Joe Tacopina, Attorney for former President Donald Trump, leaves Federal Court after the civil trial against former President Donald Trump at Manhattan on May 09, 2023 in New York City. Spencer Platt | Getty Images Joseph Tacopina has withdrawn as a lawyer for Donald Trump in two major cases facing the former president, one of … Read more

Iowa Republican caucus sets new record for state political ad buys

Iowa Republican caucus sets new record for state political ad buys

The battle to win the Republican Iowa caucus is the most expensive on record, with over $120 million spent on ads by the campaigns and their affiliated political action committees in the Hawkeye State, according to data provided to CNBC by AdImpact. The massive amount of resources placed into Iowa reflects how competitive candidates and … Read more

What to know about financial advice as lawmakers debate rule changes

What to know about financial advice as lawmakers debate rule changes

When employees who contribute to a 401(k) plan leave a company, they have options for what to do with that money.  Depending on what the employer retirement savings plan allows, exiting employees may be able to keep the money in the current plan, roll it over into an IRA, or buy an annuity. In some cases, … Read more

Good chance U.S. passes stablecoin laws this year, Circle CEO says

Good chance U.S. passes stablecoin laws this year, Circle CEO says

A picture taken in London shows gold-plated souvenir cryptocurrency tether, bitcoin and ethereum coins arranged beside a screen displaying a trading chart, May 8, 2022. Justin Tallis | Afp | Getty Images The CEO of Circle, the company behind popular stablecoin USD Coin, sees a strong chance that laws for stablecoin issuers like itself will … Read more

Market reaction is wrong, says investor David Roche

Market reaction is wrong, says investor David Roche

Taiwan’s President Tsai Ing-wen speaks as Lai Ching-te, Taiwan’s vice president and the ruling Democratic Progressive Party’s (DPP) presidential candidate looks on during a campaign rally ahead of the elections in Taipei, Taiwan, January 11, 2024.  Carlos Garcia Rawlins | Reuters Taiwan’s election results place the island on a “collision course with China” and the … Read more