In a strategic dialogue marking the beginning of a new U.S. administration under President Donald Trump, Secretary of State Marco Rubio engaged in his inaugural conversation with Vietnam’s Deputy Prime Minister and Foreign Minister, Bui Thanh Son. This interaction not only celebrated the 30th anniversary of diplomatic ties between the two nations but also reinforced
The devastation from the recent wildfires in Los Angeles has left families reeling and communities grappling with the arduous task of recovery and reconstruction. In neighborhoods such as Pacific Palisades, where the flames reduced entire homes to ash, the emotional and financial repercussions are profound. One family’s story, that of Dr. Damon Raskin and his
In early January, the city of Los Angeles, typically quieter during the off-season for wildfires, found itself grappling with devastating blazes that threatened the homes and lives of thousands of residents. The Palisades and Eaton fires, fueled by unrelenting hurricane-force winds, rapidly consumed vast stretches of land and left destruction in their wake. Over 37,000
The financial landscape of this past week witnessed a significant surge as the S&P 500 reached a new all-time high. This was particularly remarkable as it marked the first week of consecutive gains for the benchmark index since December, showcasing a robust growth trajectory. Alongside the S&P 500, the Dow Jones Industrial Average and the
The financial landscape post-Donald Trump’s inauguration was significantly influenced by speculative movements in G10 currencies against the US dollar (USD). Following reports indicating a possible postponement of tariffs, markets responded with optimism, contributing to a notable relief rally. This sentiment, particularly pronounced among investors seeking to assess the ramifications of such trade policies, set the
The conversation surrounding the U.S. government’s potential cryptocurrency reserves has sparked intense debate among industry experts, particularly regarding the inclusion of Bitcoin versus other cryptocurrencies. Samson Mow, CEO of JAN3 and a noted Bitcoin maximalist, has not only weighed in but has made his position crystal clear: any U.S. cryptocurrency stockpile should consist solely of
In a notable shift reported by American Express, there has been a resurgence in consumer spending, particularly among younger demographics. Chief Financial Officer Christophe Le Caillec shared insights with CNBC regarding a significant uptick in spending among affluent cardholders towards the end of the previous year. Specifically, spending on American Express cards rose by 8%
The municipal bond market has recently encountered a series of compelling shifts, reflecting broader economic patterns and investor sentiment. While the U.S. Treasury yields experienced a slight decline, municipal bonds have shown resilience, navigating through varying degrees of demand and supply pressures. Understanding these dynamics offers valuable insights into potential investment opportunities as well as
As Nevada prepares for its legislative session commencing on February 3, 2023, the appointment of a new budget chief by Governor Joe Lombardo has elicited scrutiny from various political factions. Lombardo, the state’s first Republican governor in a decade, has argued for a substantial budget of $12.7 billion. However, his proposal is marred by predictions
As of now, the Federal Reserve has opted to maintain steady interest rates amid a backdrop of persistent inflationary pressures and growing consumer discontent. This decision comes despite recent calls from political figures, notably former President Donald Trump, demanding immediate reductions in rates to alleviate what he deems a detrimental economic climate. With the Fed