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Trump raced to pick many Cabinet posts. He took more time to settle on a treasury secretary WASHINGTON (AP) — President-elect Donald Trump launched a blitz of picks for his Cabinet, but he took his time settling on billionaire investor Scott Bessent as his choice for treasury secretary. The Republican not only wanted someone who jibes with him, but an official who can execute his economic vision and look straight out of central casting while doing so. With his Yale University education and pedigree trading for Soros Fund Management before establishing his own funds, Bessent will be tasked with a delicate balancing act. Trump expects him to help reset the global trade order, enable trillions of dollars in tax cuts, ensure inflation stays in check, manage a ballooning national debt and still keep the financial markets confident. Trump chooses Bessent to be treasury secretary, Vought as budget chief, Chavez-DeRemer for Labor WASHINGTON (AP) — President-elect Donald Trump has chosen hedge fund manager Scott Bessent, an advocate for deficit reduction, to serve as his next treasury secretary. Bessent, 62, is founder of hedge fund Key Square Capital Management. He previously had worked on and off for Soros Fund Management since 1991. Trump also said he would nominate Russell Vought, 48, to lead the Office of Management and Budget, a position he held during Trump's first term. And Trump chose Rep. Lori Chavez-DeRemer, an Oregon Republican, as his labor secretary, and Scott Turner, a former football player who worked in Trump’s first administration, as his housing secretary. Afraid of losing the US-Canada trade pact, Mexico alters its laws and removes Chinese parts MEXICO CITY (AP) — Mexico has been taking a bashing for allegedly serving as a conduit for Chinese parts and products into North America. Officials here are terrified that a re-elected Donald Trump or politically struggling Justin Trudeau could simply expel their country from the U.S.-Mexico-Canada free trade agreement. Mexico's ruling Morena party is so afraid its has gone on a campaign to get companies to replace Chinese parts with locally made ones. And its legislators are consciously tweaking the wording of major laws to try to make them compatible with the trade pact's language. Mexico hopes the rules of the trade pact would prevent the U.S. or Canada from simply walking away. US budget airlines are struggling. Will pursuing premium passengers solve their problems? DALLAS (AP) — Delta and United Airlines have become the most profitable U.S. airlines by targeting premium customers while also winning a significant share of budget travelers. That is squeezing smaller low-fare carriers like Spirit Airlines, which filed for bankruptcy protection on Monday. Some travel industry experts think Spirit’s troubles indicate less-wealthy passengers will have fewer choices and higher prices. Other discount airlines are on better financial footing but also are lagging far behind the full-service airlines when it comes to recovering from the COVID-19 pandemic. Most industry experts think Frontier and other so-called ultra-low-cost carriers will fill the vacuum if Spirit shrinks, and that there's still plenty of competition to prevent prices from spiking. What to know about Scott Bessent, Trump's pick for treasury secretary WASHINGTON (AP) — President-elect Donald Trump has chosen money manager Scott Bessent, an advocate for deficit reduction and deregulation, to serve as his next treasury secretary. Bessent is a past supporter of Democrats who has become an enthusiastic supporter of Trump. He’s an advocate of cutting spending while extending the tax cuts approved by Congress in Trump’s first term. He has said tariffs imposed during a second Trump administration would be directed primarily at China. What to know about Lori Chavez-DeRemer, Trump's pick for labor secretary WASHINGTON (AP) — President-elect Donald Trump has named Oregon Rep. Lori Chavez-DeRemer to lead the Department of Labor, elevating a Republican congresswoman who has strong support from unions in her district but lost reelection in November. Chavez-DeRemer has a legislative record that has drawn plaudits from unions, but organized labor leaders remain skeptical about Trump's agenda for workers. Trump, in general, has not supported policies that make it easier for workers to organize. Chavez-DeRemer is a one-term congresswoman, having lost reelection in her competitive Oregon district earlier this month. She joins Secretary of State-designate Marco Rubio, the Florida senator, as the second Latino pick for Trump’s second Cabinet. Trump taps a Fox News personality, a surgeon and a former Congressman to lead public health agencies WASHINGTON (AP) — President-elect Donald Trump has nominated a critic of COVID-19 health measures to lead the Food and Drug Administration. Dr. Marty Makary came to national attention for opposing mask mandates and other steps during the pandemic. He is a surgeon, author and professor at Johns Hopkins University. Makary is the latest of a string of Trump nominees who are deeply critical of government health regulators and experts. If confirmed, Makary would be expected to report to anti-vaccine activist Robert F. Kennedy Jr., Trump’s pick to oversee the nation’s health agencies. Bitcoin ticks closer to $100,000 in extended surge following US elections NEW YORK (AP) — Bitcoin is jumping again, setting another new high above $99,000. The cryptocurrency has been shattering records almost daily since the U.S. presidential election, and has rocketed more than 40% higher in just two weeks. It's now at the doorstep of $100,000. Cryptocurrencies and related investments like crypto exchange-traded funds have rallied because the incoming Trump administration is expected to be more “crypto-friendly.” Still, as with everything in the volatile cryptoverse, the future is hard to predict. And while some are bullish, other experts continue to warn of investment risks. Supreme Court steps into fight over FCC's $8 billion subsidies for internet and phone services WASHINGTON (AP) — The Supreme Court has stepped into a major legal fight over the $8 billion a year the federal government spends to subsidize phone and internet services in schools, libraries and rural areas, in a new test of federal regulatory power. The justices on Friday agreed to review an appellate ruling that struck down as unconstitutional the Universal Service Fund. The Federal Communications Commission collects money from telecommunications providers, who then pass the cost on to their customers. The Biden administration appealed the lower court ruling, but the case probably won’t be argued until late March. At that point, the Trump administration will be in place and it is not clear whether it will take a different view of the issue. Charlotte airport workers voting on whether to strike during busy Thanksgiving travel week CHARLOTTE, N.C. (AP) — Service workers at Charlotte Douglas International Airport are voting on whether to go on a 24-hour strike around Thanksgiving amid complaints about low wages and poor working conditions. The vote is being taken by employees of two airport contractors who provide cabin cleaning services, trash removal and other services. The airport expects over 1 million passengers to depart from it the weekend before the holiday. The date of the proposed strike has not been announced.iShares MSCI China A ETF ( BATS:CNYA – Get Free Report ) shares shot up 0.4% during trading on Friday . The stock traded as high as $28.68 and last traded at $28.65. 34,291 shares were traded during trading, The stock had previously closed at $28.55. iShares MSCI China A ETF Stock Performance The business has a 50-day simple moving average of $29.23 and a two-hundred day simple moving average of $27.24. The company has a market capitalization of $310.31 million, a price-to-earnings ratio of 12.12 and a beta of 0.44. Hedge Funds Weigh In On iShares MSCI China A ETF A number of hedge funds and other institutional investors have recently bought and sold shares of CNYA. Rhumbline Advisers lifted its stake in shares of iShares MSCI China A ETF by 25.3% in the 2nd quarter. Rhumbline Advisers now owns 55,660 shares of the company’s stock worth $1,410,000 after acquiring an additional 11,250 shares during the period. Prism Advisors Inc. raised its holdings in iShares MSCI China A ETF by 8.9% during the third quarter. Prism Advisors Inc. now owns 393,897 shares of the company’s stock worth $11,963,000 after purchasing an additional 32,310 shares in the last quarter. Hsbc Holdings PLC lifted its position in iShares MSCI China A ETF by 136.8% in the second quarter. Hsbc Holdings PLC now owns 124,496 shares of the company’s stock valued at $3,153,000 after purchasing an additional 71,921 shares during the period. Fisher Asset Management LLC purchased a new stake in iShares MSCI China A ETF in the 3rd quarter valued at approximately $17,202,000. Finally, JPMorgan Chase & Co. increased its position in iShares MSCI China A ETF by 129,255.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 51,742 shares of the company’s stock worth $1,571,000 after purchasing an additional 51,702 shares during the period. iShares MSCI China A ETF Company Profile The iShares MSCI China A ETF (CNYA) is an exchange-traded fund that is based on the MSCI China A Inclusion index, a market-cap-weighted index of Chinese A-share equities. CNYA was launched on Jun 13, 2016 and is managed by BlackRock. Recommended Stories Receive News & Ratings for iShares MSCI China A ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI China A ETF and related companies with MarketBeat.com's FREE daily email newsletter .
How co-writing a book threatened the Carters' marriageAs we transition into a new year, the weekly money horoscope offers valuable insights into financial prospects for each zodiac sign. ET Year-end Special Reads What kept India's stock market investors on toes in 2024? India's car race: How far EVs went in 2024 Investing in 2025: Six wealth management trends to watch out for From lucrative opportunities to prudent spending advice, discover how the stars align for your financial growth and stability this week, as mentioned in a report by Times Of India. Aries: Promising Financial Gains Aries natives can look forward to a productive week. Those in trade or production may see significant progress, with increased chances of income growth. However, caution is advised while handling substantial amounts of money. This week favors successful execution of financial plans, making it an opportune time for boosting earnings. Taurus: Hard Work Pays Off Taurus businesspeople may find that their consistent efforts start yielding results. 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This week encourages careful planning to maximize gains. Gemini: Favorable Investments The stars are aligned for Gemini finances this week. Smart investments may yield promising returns, and business professionals could benefit from unexpected financial gains. Progress may be gradual, but the trajectory indicates a positive momentum toward financial growth. Cancer: Steady Improvements Cancer natives might notice steady progress in their financial situation. Opportunities to increase earnings or make smart savings decisions could emerge. While unexpected income sources might arise, cautious investments and long-term planning remain key to stability. Leo: Stabilizing Finances Leos may experience financial uncertainty at the beginning of the week, but stability will follow as it progresses. Business professionals could find opportunities to boost earnings, while maintaining focus on long-term goals will set the foundation for sustained financial growth. Virgo: Exercise Prudence Virgos are advised to decline money-lending requests this week to avoid potential complications. Similarly, avoid extending credit in business dealings. Strengthening your organizational measures and safeguarding important documents will help you navigate potential pitfalls. Libra: Challenges Require Strategy Libra natives may face financial hurdles, but determination and hard work will lead to eventual rewards. Cautious investments are recommended, as the timing may not be ideal for significant risks. Business owners should seek expert advice to refine growth strategies. Scorpio: Opportunities Amidst Rising Costs Scorpios in business may find new opportunities for growth. While income could rise, escalating living costs may challenge financial stability. Conservative spending and meticulous budgeting are essential to maintaining balance. Sagittarius: Fruitful Rewards This week promises rewards for Sagittarius natives, with time and money investments likely to pay off handsomely. Entrepreneurs should consider launching new ventures, as efforts during this period are poised for substantial success. Capricorn: Strategic Gains Capricorns involved in international trade or large-scale projects are well-positioned for financial breakthroughs this week. Lucrative opportunities are within reach, with strategic thinking and strong professional relationships serving as critical assets. Aquarius: Managing Challenges Aquarians may encounter financial difficulties, but disciplined planning can help mitigate stress. Prioritize expenses wisely and avoid risky financial decisions, particularly in partnerships, to ensure smoother navigation of the week. Pisces: Expanding Opportunities Pisces natives are likely to juggle multiple projects or deals this week, potentially boosting their income. Staying focused and leveraging available opportunities could lead to significant financial growth, making it a favorable time to expand your reach. With careful planning and a proactive approach, this week's money horoscope provides a roadmap for financial success. Let the stars guide you toward a prosperous beginning to the new year! FAQs Which zodiac is expensive? Some individuals are cautious with their finances, while others enjoy splurging. Zodiac signs such as Aries, Leo, and Libra often indulge in luxurious items to stand out and command attention. What is the smallest zodiac? Capricornus (Capricorn) holds the title of the smallest constellation, spanning an area of just 413.947 square degrees. (You can now subscribe to our Economic Times WhatsApp channel )
LUKE LITTLER stormed into the quarter-finals of the Players Championship Finals with a 10-3 win over Danny Noppert. The Nuke, 17, breezed into the third round earlier in the day with a 6-23 victory over Ritchie Edhouse - having already beaten Rob Cross 6-0 in his opening match . 2 Luke Littler moved into the quarter-finals with a convincing win over Danny Noppert Credit: Rex 2 Danny Noppert had no answer to Littler's scintillating display Credit: Rex Edhouse was left applauding Littler after he hit double bullseye to complete a 120 checkout. And it was more exhibition stuff from the teenager in the evening session as he booked a last-eight clash with Mike De Decker. Littler won the opening two legs before Noppert pegged him back to level at 2-2. That sparked the world championship runner-up into life as he proceeded to claim six legs on the spin to effectively put the match to bed. READ MORE ON LUKE LITTLER LUK AT THAT Luke Littler leaves opponent applauding with moment of genius Noppert pulled one back to add some respectability to the scoreline, before Littler finished it off. Littler averaged a breathtaking 104.70 to Noppert's 88.92. But the supreme talent batted away talk of breaking 16-time world champion Phil Taylor's records when asked in his post-match interview. He said: "It’s crazy to think about trying to beat Phil Taylor’s records of 16 world titles. But I guess I’ll just have to keep going for years and years!" Most read in Darts BERT BATTERS SCOTS Storm Bert wreaks havoc across Scotland as weather bomb kills 3 in UK MY LORD Rangers poised to name new chairman as Lord emerges as main contender for top job RANGERS 1 DUNDEE UTD 1 Snow joke as Clement gets blizzard of abuse over more dropped points COLD BEERS SPFL side spotted going for a PINT after their bus got stuck in the snow CASINO SPECIAL - BEST CASINO WELCOME OFFERS On the potential of a nine-dart finish, he added: "Every time I start any leg with a 180 they expect me to follow up. "Tomorrow if I do get a shot it’s going to be treble 17 for double 15, so I’ll switch it up." IMPERIOUS LITTLER WHITEWASHES CROSS Littler also took the time to speak about his next opponent, De Decker. He said: "I’m sure it will be another great game. Obviously at the Grand Slam it was incredible to be a part of that game against Mike. "I’ll go back now and chill out on my phone and play a bit of my Nintendo Switch. Go to bed and up early." Reacting to the performance, one darts fan said: "Different class to anyone right now." While another added: "Didn’t get out of second gear, such maturity from Littler 🎯🎯🎯." And a third said: "No contest, different class again." Littler has won both of his previous meetings against De Decker. The latest of those came last week at the Grand Slam of Darts where the pair battled it out in an epic. Read more on the Scottish Sun FESTIVE FIZZ Coca-Cola Christmas truck in Scotland: Dates, locations & all you need to know AND RELAX Scots seaside hotel with outdoor hot tub and firepit named UK's top spa resort Littler trailed 8-4 but came roaring back to claim a 10-9 win in the last-16 clash. He then went on to win the tournament - his first ranking title.Panthers vs. Chiefs Predictions & Picks: Odds, Moneyline, Spread – Week 12
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New York, NY, Dec. 29, 2024 (GLOBE NEWSWIRE) -- In an era where customer expectations are higher than ever and the need for quick, accurate information is paramount, Goldmarketer.com has taken a groundbreaking step in transforming the landscape of online financial services. The platform, a long-established leader in digital gold and financial derivatives, has unveiled the world's first 24-hour AI intelligent customer service, setting a new standard for how financial platforms can deliver efficient, personalized support to users worldwide. A Game-Changer for Financial Services Goldmarketer.com, a comprehensive internet-based financial platform, has long been a trusted name in the world of digital gold trading, foreign exchange (forex), cryptocurrency, stocks, ETFs, and other financial instruments. With years of experience and a wide range of advanced products, Goldmarketer has always been at the forefront of integrating cutting-edge technology into its operations. The launch of its 24-hour AI-powered customer service is a major milestone, not just for Goldmarketer but for the entire financial services industry. As digital platforms become increasingly integrated into daily financial management, the need for immediate, precise, and round-the-clock support is growing. Recognizing this shift, Goldmarketer.com has leveraged the power of artificial intelligence to ensure that users have access to real-time assistance, whenever they need it. Why AI-Powered Customer Service? Traditional customer support models in the financial industry, particularly those dealing with complex and diverse products like forex, crypto, and digital gold, often struggle to provide quick responses or address inquiries effectively. This can lead to frustration among users, especially during critical trading moments when every second counts. Goldmarketer.com's AI intelligent customer service is designed to tackle these challenges by using advanced algorithms and machine learning to handle a wide array of customer inquiries, from basic account-related questions to more complex financial transactions. The system can interpret user queries in real-time, offering highly relevant and accurate responses in a fraction of a second. Whether it's assisting with forex trading strategies, providing updates on cryptocurrency prices, or offering guidance on ETF investments, the AI system ensures that users receive precise, helpful support without delay. The Power of 24-Hour Availability In today's fast-paced financial environment, markets operate around the clock. Forex trading and cryptocurrency exchanges, for example, never sleep. For active traders, this means that support needs to be available at any time, regardless of time zone. Goldmarketer.com's AI-powered customer service is a game-changer because it operates 24 hours a day, 7 days a week. Users can access help no matter where they are or what time it is, eliminating the need to wait for human agents to become available. The platform's AI is capable of handling a wide range of common queries automatically, but it also seamlessly escalates more complex issues to human agents when necessary. This hybrid approach ensures that users get both the speed and the personalized attention they need, while still benefiting from the efficiency of AI. How It Works Goldmarketer.com's AI-powered customer service is integrated directly into the platform, accessible via the website, mobile app, and other user interfaces. When users encounter an issue or have a question, they simply type or speak their query into the system. The AI then processes the request using natural language processing (NLP) to understand the intent behind the query, before providing an answer or taking action. In cases where the query requires a more nuanced response or specialized knowledge, the AI will prompt the user to either schedule a call with a human agent or continue the conversation in more detail. The AI system can handle inquiries in multiple languages, ensuring that Goldmarketer's global user base receives support in their native language, enhancing accessibility and user experience. Benefits for Users Instant Support: With AI handling requests around the clock, users no longer need to wait for business hours or deal with long response times. Enhanced Accuracy: Powered by machine learning, the AI continuously improves its ability to understand and address user needs, reducing the chances of human error. Scalable Assistance: Whether there's a spike in user activity or a steady stream of queries, the AI is designed to scale seamlessly, ensuring that every user gets the help they need without delay. Global Reach: The 24-hour availability and multilingual support mean that users across the world-no matter where they are-can receive expert guidance whenever they need it. Personalized Experience: The AI is not just a generic response tool; it's designed to learn from interactions, offering tailored recommendations and personalized insights based on a user's trading habits and preferences. Looking Ahead: The Future of Financial Platforms The integration of AI in customer service is just one of many ways Goldmarketer.com is embracing technological innovation to improve user experience. With the financial industry increasingly turning to automation and AI to streamline processes, Goldmarketer.com is leading the way with its smart customer service system. Looking ahead, the platform plans to expand the capabilities of its AI system to offer even more sophisticated tools for users, from automated trading insights to personalized portfolio management suggestions. By continually evolving its technology, Goldmarketer aims to remain at the forefront of the digital finance revolution. Conclusion Goldmarketer.com's launch of the world's first 24-hour AI intelligent customer service represents a significant step forward in the evolution of online financial platforms. As the demand for instantaneous, accurate, and round-the-clock support grows, this innovative feature positions Goldmarketer as not just a platform for digital gold and financial derivatives, but as a pioneer in the future of customer service in the financial industry. With AI at the helm, users can expect a smoother, more efficient experience-no matter the time of day or night. Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements. CONTACT: Jack Levin support at goldmarketer.com
Authored by Tom Ozimek via The Epoch Times, Treasury Secretary Janet Yellen has warned that the United States will hit its statutory debt ceiling around the middle of January, a development she said will prompt the Treasury to resort to “extraordinary measures” to prevent the government from defaulting on its obligations. Yellen outlined the looming fiscal challenge in a Dec. 27 letter to congressional leaders, urging them to act to protect the nation’s economic credibility and preserve fiscal stability. She noted that the Fiscal Responsibility Act of 2023 temporarily suspended the debt ceiling through Jan. 1, 2025, enabling lawmakers to avert default during contentious budget negotiations. A day after that deadline—on Jan. 2—a new debt limit will be set based on the total amount of outstanding debt subject to the statutory limit as of the end of Jan. 1. Yellen noted that the debt is projected to temporarily decrease by $54 billion on that date due to scheduled Medicare trust fund redemptions, providing a brief reprieve before extraordinary measures become necessary. “Treasury currently expects to reach the new limit between January 14 and January 23, at which time it will be necessary for Treasury to start taking extraordinary measures.” Yellen wrote. Extraordinary measures, often described as accounting maneuvers, allow the Treasury to free up cash and delay default. These measures, however, are a short-term solution. Once exhausted, they leave the government unable to meet its financial obligations without congressional intervention. Yellen emphasized the urgency of action, warning that a failure to address the debt ceiling would severely damage the nation’s economic credibility. “I respectfully urge Congress to act to protect the full faith and credit of the United States,” she wrote. Yellen’s warning comes as the national debt has climbed to a staggering $36 trillion, driven by decades of government spending outpacing tax revenue under both Republican and Democratic administrations. High inflation that soared after the pandemic led the Federal Reserve to hike interest rates, increasing borrowing costs and debt service payments. The Committee for a Responsible Federal Budget (CRFB) recently noted that interest payments on America’s public debt have nearly tripled since 2020 and in 2024 were higher than spending on Medicare and national defense. The nonprofit estimated that interest payments will continue climbing over the next decade and beyond, exceeding Social Security spending by 2051 to become the top expense. “The alarm bells are clearly ringing when it comes to our unsustainable national debt,” CRFB analysts wrote in the note. “Policymakers should put in place reforms that reduce the growth of debt and stabilize it as a share of the economy before interest and debt spiral further out of control.” President-elect Donald Trump has proposed eliminating the debt ceiling altogether, or at least extending it through 2029, a move that would give his incoming administration more breathing room by avoiding repeated debt cap standoffs on Capitol Hill. Congress first established a debt limit of $45 billion in 1939 and has since raised it 103 times as government spending has consistently exceeded tax revenue. As of October 2024, publicly held debt hit 98 percent of the U.S. gross domestic product, according to the Congressional Budget Office (CBO), a sharp increase from 32 percent in October 2001. CBO projects that public debt will rise to 122 percent of gross domestic product in 2034. Maya MacGuineas, president of CRFB, warned in a recent statement that the risks of rising debt include slower economic growth, higher inflation, and constrained fiscal flexibility that would hamper the government’s ability to respond to economic downturns or global crises.Brainy, 'normal guy': the suspect in US insurance CEO's slaying
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