They're generally reserved for the ultrawealthy and financial institutions.But the exchange-traded fund industry is looking to give retail investors more access to alternative investments including private credit.BondBloxx's Joanna Gallegos thinks it's a great idea despite the asset class' reputation for charging high fees and academic research that have shown sluggish...
Category: Finance
China doubles down on AI and tech innovation as Trump ratchets up trade pressure
A security guard watches during the opening session of the National People's Congress (NPC) in the Great Hall of the People in Beijing on March 5, 2025. Wang Zhao | Afp | Getty ImagesBEIJING — The undercurrent of China's annual parliamentary meetings this week is U.S. trade tensions — and how...
China ‘firmly rejects’ additional U.S. tariffs, says it will implement countermeasures
Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019.Aly Song | ReutersBEIJING — China "firmly rejects" additional U.S. tariffs on Chinese goods and will take countermeasures, the Ministry of Commerce said in a statement Tuesday.The...
Another ‘near miss’: Citigroup mistakenly credited a customer account with $81 trillion
Jim Dyson | Getty Images News | Getty ImagesCitigroup mistakenly credited a customer's account with $81 trillion last year when it meant to send just $280.The payment, which took place last April, was missed by two employees but caught 90 minutes after it was posted, the Financial Times first reported...
Senators grill Trump’s CFPB director pick: You are ‘on the Titanic, good luck’
Jonathan McKernan, U.S. President Donald Trump's nominee to be the director of the Consumer Financial Protection Bureau, sits on the day he testifies during a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., February 27, 2025. Annabelle Gordon | ReutersPresident Donald Trump's pick...