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Monthly Archives: August 2023

Adani Capital deal will allow access to India’s ‘underbanked’: Bain

People walk past a screen displaying news featuring on Adani Group inside the BSE building in Mumbai, India, on Thursday, Feb. 2, 2023. Bloomberg | Bloomberg | Getty Images U.S. private equity group Bain Capital said its recent agreement to buy Adani Capital was aimed at tapping the “underbanked” segment …

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What Biden’s executive order means for U.S. investors in China

The U.S. and Chinese flags hang outside the Goldman Sachs headquarters in New York on Dec. 16, 2008. Chris Hondros | Getty Images News | Getty Images BEIJING — The Biden administration’s long-awaited executive order on U.S. investments in Chinese companies leaves open plenty of questions on how it will …

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Singapore narrows 2023 growth forecast on ‘weak’ external demand

A general view of the Central Business District and the Merlion, illuminated with a projection during the iLight Marina Bay on March 29, 2018 in Singapore. Suhaimi Abdullah | Getty Images News | Getty Images Singapore narrowed its economic growth forecast to a range of 0.5% and 1.5% for this …

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Gold prices to breach all-time highs, with some calling for $2,500

Sven Hoppe | Picture Alliance | Getty Images Gold prices are on track to rally to all-time highs in 2024 on the back of tapering interest rates, and looming recessionary fears that elevate its role as a safe haven asset. Spot gold prices hit a record intraday high of $2,072.5 …

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Biden executive order on Chinese A.I. investments marks a ‘new era’

US President Joe Biden speaks on how “Bidenomics” is helping clean energy and manufacturing, at Arcosa Wind Towers in Belen, New Mexico, on August 9, 2023.  Jim Watson | AFP | Getty Images The Biden administration’s executive order restricting U.S. private equity and venture capital investments in Chinese technology finally …

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Disney wants sports leagues as ESPN partners

Nikola Jokic of the NBA’s Denver Nuggets prepares to be interviewed by ESPN’s Lisa Salters after the fourth quarter of the Nuggets’ 113-111 Western Conference finals game 4 win over the Los Angeles Lakers at Crypto.com Arena in Los Angeles, May 22, 2023. Aaron Ontiveroz | Denver Post | Getty …

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Biden seeks nearly $40 billion in funding for Ukraine, disaster relief and border

US President Joe Biden speaks on how “Bidenomics” is helping clean energy and manufacturing, at Arcosa Wind Towers in Belen, New Mexico, on August 9, 2023.  Jim Watson | AFP | Getty Images WASHINGTON — The White House unveiled a nearly $40 billion supplemental funding request on Thursday to provide additional aid …

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Here’s how a soft landing for the economy could affect your portfolio

Morsa Images | E+ | Getty Images More from FA Playbook: Here’s a look at other stories impacting the financial advisor business. “The fact that we may see a soft landing or avoid a recession altogether doesn’t mean people should change their strategy of building up a safety net and …

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Amazon axes some private label brands as part of wider cost cuts

Amazon workers sort packages for delivery in New York, July 12, 2022. Michael M. Santiago | Getty Images News | Getty Images Amazon is cutting some of its private label brands as part of a broader effort to rein in costs, the company confirmed to CNBC. In addition to the …

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Record hot ocean temps could turbocharge the hurricane season

A satellite image of Hurricane Don at 6:20 PM EDT on July 22, 2023 in the Atlantic. Don was the first hurricane of the 2023 Atlantic hurricane season. Photo courtesy NOAA Record hot ocean temperatures could turbocharge this hurrican season, according to scientists at the National Oceanic and Atmospheric Administration. NOAA …

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