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Federal Reserve: U.S. consumer debt default rate soars to highest level in nearly a decade

Federal Reserve: U.S. consumer debt default rate soars to highest level in nearly a decade

``` The Federal Reserve Bank of New York’s Quarterly Report on Household Debt and Credit released on Tuesday showed that in the fourth quarter of last year, the percentage of overdue household debt in the United States rose to 4.8%, the highest level since 2017, mainly driven by rising

McKinsey's $20 billion business changes hands, Neuberger Berman takes over MIO alternative investments

McKinsey's $20 billion business changes hands, Neuberger Berman takes over MIO alternative investments

Consulting giant McKinsey has agreed to transfer control of its approximately $20 billion investment business to investment management company Neuberger Berman. For decades, this business has managed the wealth of current and former McKinsey partners through complex hedge funds and alternative investment strategies. This deal marks a significant expansion for

European Parliament voted in favor: supports the launch of a digital euro with both online and offline functions

European Parliament voted in favor: supports the launch of a digital euro with both online and offline functions

``` The European Parliament supports the simultaneous launch of both online and offline versions of the digital euro, overturning a previous proposal to launch only the offline version. This decision aligns with the stance of the European Central Bank, making the implementation of a dual-function digital euro more likely. The amendment

The European Commission accepts Volkswagen China's pure electric vehicle price commitment.

The European Commission accepts Volkswagen China's pure electric vehicle price commitment.

``` According to the China Chamber of Commerce to the EU, the European Commission announced on February 10 that it accepts Volkswagen's price undertaking for the export of pure electric vehicles. According to this decision, Volkswagen (Anhui) Automotive Co., Ltd. may export its CUPRA Tavascan model to the EU

Ge Weidong and Fang Wenyan join forces! Each invests 1 billion yuan in the Jianghuai Automobile private placement.

Ge Weidong and Fang Wenyan join forces! Each invests 1 billion yuan in the Jianghuai Automobile private placement.

Ge Weidong and Fang Wenyan in a rare appearance together! The private placement announcement released by JAC Motors shows that both Ge Weidong and Zhang Jianping's wife Fang Wenyan appeared on the list of allocated shares, each receiving 1 billion yuan. Ge Weidong and Fang Wenyan join forces

Myrmikan founder: Gold mining stocks remain undervalued, gold price expected to rise to $12,000 in the long term

Myrmikan founder: Gold mining stocks remain undervalued, gold price expected to rise to $12,000 in the long term

``` Daniel Oliver, founder of the hedge fund Myrmikan Capital which focuses on micro gold and silver mining companies, believes that the gold market is at the early stage of a massive bull trend, and that the long-term gold price could rise to $12,000. He points out that mining stocks

Goldman Sachs: Global capital initiates "hard asset rotation," commodities may see long-term premiums

Goldman Sachs: Global capital initiates "hard asset rotation," commodities may see long-term premiums

``` Against the backdrop of heightened global stock market volatility, investors are accelerating the shift of funds from financial assets to hard assets like commodities in search of safe havens. According to the Goldman Sachs commodities research team, this "hard asset rotation" may keep prices of various metals high