Fed says it is weighing changes to bank tests for systemic risk

Global private equity groups investing in China have struggled to exit their investments this year due to Beijing's restrictions on IPOs and a slowing economy, leaving foreign investors' capital trapped. The halt in exits has raised concerns among investors about the viability of investing in China, with total exits significantly lagging behind investments. The crackdown on offshore listings has forced buyout groups to explore alternative exit strategies, impacting their ability to generate returns and leading...

Elon Musk's support for Donald Trump in the 2024 US election marked a significant turning point, leading to financial gains for Musk with Tesla shares soaring and SpaceX doubling in value. Musk's political influence is growing as he aligns with leaders like Italy's Georgia Meloni and considers backing Britain's Reform Party. Meanwhile, Taylor Swift's record-breaking $2.1 billion tour has solidified her impact on the entertainment industry and prompted discussions on her economic influence, potentially leading...

Despite efforts to plan ahead, the question of holiday closures remains relevant during Christmas. Most major retailers like Target, Walmart, Macy's, and Kohl's are open on Christmas Eve but closed on Christmas Day, while Home Depot and Lowe's follow a similar pattern. Grocery stores like Albertsons, Kroger, and Trader Joe's are closed on Christmas Day, but select locations may be open for last-minute needs. Post offices are closed on Christmas Day, banks have limited hours,...

Entrepreneur contributors emphasize the importance of setting up a trust to protect assets and ensure future wealth growth. By detailing the benefits and types of trusts, they stress the significance of avoiding probate, reducing taxes, maintaining control, and preserving wealth for future generations. Through steps like identifying goals, consulting experts, choosing a trustee, drafting documents, funding the trust, and regular reviews, entrepreneurs can secure tax savings, protect legacies, and provide for their families' financial futures....

Playa Hotels & Resorts NV's stock surged 11% in premarket trading after announcing exclusive strategic talks with Hyatt Hotels Corp to enhance Hyatt's presence in Jamaica, Mexico, and the Dominican Republic. This move represents a promising partnership that could benefit both companies in the hospitality industry, signaling potential growth opportunities for Playa Hotels & Resorts NV and expanding Hyatt's footprint in key Caribbean and Latin American markets. This collaboration has generated investor excitement and optimism,...

François Bayrou, a centrist heavyweight in French politics, has been appointed as the new prime minister following a vote of no-confidence that ended Michel Barnier's minority coalition. Bayrou faces challenges such as Moody's downgrade of France's credit rating due to political instability and the need to navigate the three-bloc impasse in the National Assembly. While Bayrou seeks to build bridges across political divides, concerns remain about potential leftward policy shifts and his leadership style characterized...