Politics

During her official meetings in China, U.S. Treasury Secretary Janet Yellen emphasized the importance of pursuing market-oriented reforms and addressing overcapacity concerns. Yellen’s visit to Guangzhou and Beijing highlighted the need for a healthy economic relationship that benefits both American and Chinese economies. The issue of China’s industrial overcapacity, which can have global spillover effects,
In a recent case that has captured public attention, two Florida brothers, Michael Shvartsman and Gerald Shvartsman, pleaded guilty to insider trading charges in New York federal court. The charges were related to their purchase and sale of securities of Digital World Acquisition Corp., a shell company that eventually merged with former President Donald Trump’s
The recent phone call between President Joe Biden and Chinese President Xi Jinping was described as an opportunity for the two leaders to “check in” and manage the strained U.S.-China relationship. The White House emphasized the need for intense diplomacy to address tensions, misperceptions, and prevent unintended conflict. This call was seen as a way
Sam Bankman-Fried, the founder of FTX, was recently sentenced to 25 years in prison for a massive fraud and conspiracy that led to the downfall of his cryptocurrency exchange and related hedge fund. This sentence came as a shock to many, as federal prosecutors had initially sought 40 to 50 years behind bars, while Bankman-Fried’s