Author: Arabian Media staff
David Kessler claims in his latest book that he is average, admitting that he has been in a despairing battle with his own body, yo-yoing between fat and thin, all his life. Yet except for sharing this health-destroying weight problem with three-quarters of the American and two-thirds of the British populations, he is anything but average. A former dean of two of US medical schools, Kessler was chief science officer to the White House for the Covid-19 pandemic, a period of overwork that led him to put on 40lbs. He also ran the US Food and Drug Administration for several…
Treasury Secretary Scott Bessent’s comments and news of the resumption of H20 chip sales to China have excited Wall Street. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The key points In June, US headline CPI inflation rose at an annual rate of 2.7 per cent, slightly above market expectations Core CPI at 2.9 per cent was in line with expectations, but signs of tariff-driven inflation continue to build in key categories, suggesting that broader price rises are in the pipeline in the months ahead The verdict US headline and core CPI inflation were well-behaved in June, coming in roughly in line with expectations. But rather than the aggregated figures, we…
Bessent says formal process to find replacement has begun Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Austria’s public prosecutor has filed criminal charges against René Benko, the tycoon who founded collapsed real estate group Signa, accusing him of insolvency-related fraud. The charges, filed in Vienna on Tuesday, accuse Benko of concealing and misusing assets worth €660,000 to the detriment of creditors in his personal insolvency case. Prosecutors allege that Benko, who has been in detention since January, made an unjustified €360,000 advance rental payment and donated €300,000 to relatives while his financial collapse loomed. The charges carry a…
Trump’s focus on the goods of the past is ridiculous. What matters is competitiveness in the future Source link
Stanley Druckenmiller’s bet against America’s debt is no ordinary trade. Source link
Many catalysts can propel industrial activity in the U.S. over the next several years, including new accounting rules in President Donald Trump’s big spending bill. Source link
With DIY investing blowing up on social media, it’s easy to fall into the trap of thinking that everyone around you has an established portfolio. However, the top comment on any financial influencer’s video on TikTok or YouTube usually echoes one sentiment: I want to invest, but I’m scared. People who feel this way are more common than you might think. According to a 2024 World Economic Forum survey, 40% of individuals made the decision not to invest because they feared losing money. Key Takeaways Fear of investing is common. According to a 2024 World Economic Forum survey, 40% of…
Visa Inc. (V) is one of the most widely used and well-known digital payment companies, with service in more than 200 countries to consumers, merchants, governments, and major financial institutions. Visa offers authorization, clearing, and settlement services for merchants and institutions. A common misconception is that Visa issues credit cards. Instead, Visa makes its profits by selling services as a middleman between financial institutions and merchants. The company does not profit from the interest charged on Visa-branded card payments, which instead goes to the card-issuing financial institutions. While Visa does not issue credit or debit cards, the company does offer…