Author: Daniel snow
Asia FX muted amid trade worries; yen gains on BOJ rate hike bets Source link
“The idea of putting physical metal in a safe jurisdiction like Singapore with parties they can trust is becoming a big trend nowadays,” says Gregor Gregersen, founder of The Reserve.Alessia Pierdomenico | Bloomberg | Getty ImagesThe ultra-wealthy are increasingly moving their gold offshore as economic and geopolitical uncertainty roils markets — and Singapore is emerging as a favored destination.Not far from the city-state’s airport sits a six-story facility covered in onyx and fortified by tight security. Tucked behind its steel doors are gold and silver bars amounting to about $1.5 billion.Known as “The Reserve,” the storage facility features scores of…
An employee works on a vehicle crankshaft production line at a factory which produces engine parts in Binzhou, in eastern China’s Shandong province on March 14, 2025. Str | Afp | Getty ImagesChina’s industrial profits rose for a second straight month in April, official data showed Tuesday, despite prohibitive U.S. tariffs and persistent deflationary pressures.Cumulative profits at major industrial firms climbed 3% in April after returning to growth in the first quarter of this year, rising 0.8% from a year earlier, reversing the trend of declines since the third quarter of last year.In the first four months this year, industrial…
We take it for granted, the relationship between the United States and the European Union, the one that produces $1.7 trillion worth of goods and services. We take it for granted because of something that happened back on Dec. 11, 1941, when Adolf Hitler declared war on the U.S., and on June 5, 1947, when we announced the Marshall Plan to help rebuild war-torn Europe after the horrors of World War II. What’s incredible is not that we have a president who is willing to challenge the friendship between the U.S and Europe, but that the partnership has lasted so…
Wall Street appears poised to surge when markets open Tuesday, after two days of rallies by U.S. stock futures, spurred by President Donald Trump delaying his latest threat of 50% tariffs against European Union imports until July 9, to allow more time to reach a trade deal. Source link
A program that provided computers and internet access to children and older adults has come under fire. Source link
Bad news is never welcome news, but leaders can avoid making a bad situation worse. Source link
According to a recent report from Tripadvisor, Americans looking to travel domestically this summer want a blend of bustling city activities and laid-back beach vacations.The report ranked the top domestic summer travel destinations for U.S. travelers using two key sources: an online survey of over 2,800 consumers conducted between March 26 and April 8, 2025, and searches made by travelers on Tripadvisor between February 1 and April 10, 2025, for travel between June 1 and August 31, 2025.The state of Florida has the most cities in the top 10, something that Hilary Fischer-Groban, Senior Director of Global Brand, Insights and…
Even high-achieving founders and leaders can lose touch with what they truly want. Source link
President Donald Trump last week increased the pressure on Apple over foreign-made iPhones in a scathing social media post that also intensified the overall stock market sell-off. In the week ahead, another great American tech giant — Club name Nvidia — will be in the spotlight. Following trade optimism the prior week, the S & P 500 went right back into the soup, with a weekly drop of 2.6%. The Nasdaq fell nearly 2.5% last week. Both of those weekly drops were the worst in more than a month. Apple was our worst-performing stock of the week, down almost 7.6%.…