Aurelia Butler

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    in Economy

    Climate multilateralism clings on, just

    Standard DigitalStandard & FT Weekend Printwasnow $29 per 3 monthsThe new FT Digital Edition: today’s FT, cover to cover on any device. This subscription does not include access to ft.com or the FT App.What’s included Global news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts10 monthly gift articles to shareGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionEverything in PrintWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisPlusEverything in Premium DigitalEverything in Standard DigitalGlobal news & analysisExpert opinionSpecial featuresFirstFT newsletterVideos & PodcastsFT App on Android & iOSFT Edit app10 gift articles per monthExclusive FT analysisPremium newslettersFT Digital Edition10 additional gift articles per monthMake and share highlightsFT WorkspaceMarkets data widgetSubscription ManagerWorkflow integrationsOccasional readers go freeVolume discountFT Weekend Print deliveryPlusEverything in Standard DigitalFT Weekend Print deliveryPlusEverything in Premium Digital More

  • 63 Shares189 Views

    in Economy

    How ‘bumpy’ is US inflation?

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  • 200 Shares149 Views

    in Cryptocurrency

    Trump pick Lutnick’s firm in talks with Tether for $2 billion bitcoin lending project, Bloomberg reports

    Lutnick’s financial services firm Cantor Fitzgerald is discussing receiving support from Tether to help fund the project, that could potentially reach tens of billions of dollars, the report said, citing people familiar with the matter.Tether and Cantor did not immediately respond to a Reuters request for comment outside business hours.Tether uses Cantor to hold billions of dollars worth of Treasuries that support the value of its stablecoin in a relationship that helps Lutnick’s firm earn tens of millions of dollars annually, Bloomberg reported.Earlier this week, Trump said he would nominate Wall Street CEO Howard Lutnick to lead his trade and tariff strategy as head of the Commerce Department. He would also have “additional direct responsibility” for the U.S. Trade Representative’s office.Lutnick has been known to promote the adoption of cryptocurrency. The Commerce Department oversees a sprawling array of functions with nearly 47,000 employees, from the U.S. Census Bureau to weather forecasting, ocean navigation and investment promotion. More

  • 138 Shares109 Views

    in Economy

    JPMorgan breaks down 2 paths for the US economy in 2025

    Analysts emphasize that these paths reflect a tension between stimulus-oriented policy changes and the uncertainty surrounding trade and regulation. The note flags key economic indicators and forecasts for the year ahead, including GDP growth, unemployment trends, inflation dynamics, and fiscal and monetary policy implications.J.P. Morgan argues that the recent election, which brought a red-wave administration to power, introduces a dual narrative for 2025. On one hand, tax cuts and deregulation could invigorate business confidence and productivity, potentially boosting GDP growth while keeping inflation manageable. On the other, heightened policy uncertainty—driven by tariffs, restrictive immigration measures, and potential geopolitical tensions—might create a stagflationary scenario with weaker growth and elevated inflation risks.J.P. Morgan projects a moderate slowdown in GDP growth to 2% in 2025, with unemployment expected to rise slightly to 4.5%. Despite this cooling, the business cycle appears resilient, with labor market tightness gradually easing. Job growth is predicted to remain subdued, and layoffs are likely to stay low. However, reduced immigration could constrain labor supply and growth in key industries.Wage growth is also expected to cool further, falling into the low 3% range by the second half of the year. Combined with modest productivity gains, these dynamics suggest that real compensation growth will continue to support consumer spending, albeit at a slower pace.Core PCE inflation, a key metric for the Federal Reserve, is expected to decelerate to 2.3% by year-end, closer to the Fed’s long-term 2% target. Inflation pressures from tariffs on China, however, could present risks. A proposed 60% across-the-board tariff on Chinese goods, if implemented, might raise core inflation by 0.2 percentage points, though the broader impact on price stability remains uncertain.The Federal Reserve is projected to continue easing monetary policy, with incremental rate cuts throughout the year. By September, the Fed funds target rate is expected to stabilize at 3.5-3.75%, a shift reflecting the Fed’s cautious optimism about managing inflation without undermining employment.Trade policy looms large in the 2025 outlook. Analysts expect new tariffs on China to disrupt trade flows, reducing U.S. export growth while raising costs for imported goods. Meanwhile, the potential for broader tariff measures—targeting global trade—adds to the uncertainty.On the fiscal side, the report anticipates a significant expansion in federal deficits. The likely extension of the 2017 Tax Cuts and Jobs Act provisions, alongside increased defense and domestic spending, could push the deficit to 7% of GDP by 2026. Such levels are concerning in an environment of full employment and muted GDP growth.Corporate investment is expected to grow modestly, buoyed by consumer demand and federal incentives for specific sectors like infrastructure and technology. However, analysts note that business spending remains cautious, with companies prioritizing balance sheet health over expansion.Real consumer spending, a key driver of economic activity, is forecasted to grow at a slightly slower rate of 2% in 2025. Moderating wage growth, combined with tighter credit conditions and reduced household savings, will likely temper the pace of consumption. More

  • 163 Shares169 Views

    in Economy

    Top Biden adviser warns of ‘chaos’ if Trump raises tariffs and guts IRA

    Standard DigitalStandard & FT Weekend Printwasnow $29 per 3 monthsThe new FT Digital Edition: today’s FT, cover to cover on any device. This subscription does not include access to ft.com or the FT App.What’s included Global news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts10 monthly gift articles to shareGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionEverything in PrintWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisPlusEverything in Premium DigitalEverything in Standard DigitalGlobal news & analysisExpert opinionSpecial featuresFirstFT newsletterVideos & PodcastsFT App on Android & iOSFT Edit app10 gift articles per monthExclusive FT analysisPremium newslettersFT Digital Edition10 additional gift articles per monthMake and share highlightsFT WorkspaceMarkets data widgetSubscription ManagerWorkflow integrationsOccasional readers go freeVolume discountFT Weekend Print deliveryPlusEverything in Standard DigitalFT Weekend Print deliveryPlusEverything in Premium Digital More

  • 113 Shares99 Views

    in Economy

    German gloom deepens as Trump tariff threat rattles exporters

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  • 163 Shares109 Views

    in Cryptocurrency

    RWA Inc Announces $RWA Token Launch Across Major Exchanges on November 25, 2024

    On November 25, 2024, RWA Inc is set to launch its utility token $RWA on KuCoin, Gate.io, and MEXC, bringing years of hard work to fruition. Since its founding, RWA Inc has aimed to redefine how investors and businesses interact with real-world assets, by creating a trusted platform that bridges the gap between traditional markets and the Web3 space. $RWA Token: Powering the EcosystemThe $RWA token serves as the backbone of RWA Inc’s multi-asset platform, playing an integral role in the functions of its products and services. It supports staking mechanisms, reduces transaction fees, and powers user engagement across the ecosystem, including the Launchpad, Exchange, Community Hub, and the forthcoming Marketplace.As part of RWA Inc’s launch it is actively raising $800,000 USD through a series of Initial DEX Offerings (IDOs). These IDOs are hosted on prominent launchpads Decubate, Eesee, and Ape Terminal, chosen for their reputations and ability to reach diverse investor audiences.This multi-platform raise is designed to maximize brand exposure and offer investors the flexibility to participate using their preferred platforms. This approach effectively expands RWA Inc’s market reach, laying the foundation for a successful fundraising campaign and in turn, the next phase of the project development.Exchange ListingsUpon the conclusion of the IDOs, the $RWA token is set to go live on three CEXs. This listing marks a pivotal moment for RWA Inc, with trading set to begin on November 25, 2024, at 10:00 AM UTC. Investors will be able to trade the token on KuCoin, Gate.io, and MEXC, three exchanges renowned for their global reach, reliable trading infrastructure, and support for innovative projects.Go-to-Market StrategyRWA Inc’s go-to-market strategy leverages its Launchpad for onboarding innovative startups and driving adoption of real-world asset tokenization. They are focused on a specific profile of token issuers, starting with Web2 startups/scaleups from seed to B-series stage, who are looking for disruptive ways to raise capital for their growth companies. With a carefully curated pipeline of projects ready for launch. RWA Inc will likely start onboarding its first clients shortly after launch.The companies’ revenue streams are generated through their tokenization service, launchpad IDOs, listing fees, staking mechanisms, and transaction fees paid in $RWA, creating a diversified and sustainable model for platform growth. To further strengthen the ecosystem, 50% of the platform’s profit has been committed to a buy-back and burn mechanism, fortifying long-term value for stakeholders.The RWA Inc project was carefully designed for long-term value generation and aims to lead the tokenized RWA market by example. This strategic approach has garnered the company traction in what is the fastest-growing market in the Web3 space.About RWA Inc:RWA Inc offers end-to-end real-world asset tokenization through a cutting-edge multi-asset platform that includes tokenization as-a service, a launchpad, and a marketplace. With a short-term focus on startup utility tokens for our go-to-market strategy, our primary emphasis is on strategically expanding into startup equity tokens, real estate, collectibles, and other asset classes via registered security tokens. As an innovator in the RWA niche, we help tech startups and established companies successfully launch utility and security compliant tokens and thrive in the Web3 market. Our approach addresses the need for extensive tokenization support for Web2 startups, fostering their dynamic growth potential. Our versatile solution aims to unlock opportunities across diverse asset classes, enhance liquidity, broaden market reach, support business development, and unlock asset value, effectively meeting market demands.Learn more about RWA Inc – White Paper: https://www.rwa.inc/whitepaperContact – https://www.rwa.inc/contactLinks – X | Telegram | TG Announcements | LinkedIn | Medium | Website ContactMike [email protected] article was originally published on Chainwire More

  • 138 Shares129 Views

    in Economy

    TikTok CEO sought Musk’s input ahead of Trump administration, WSJ reports

    Chew initiated messages with the Tesla (NASDAQ:TSLA) CEO in recent weeks and asked for his opinions on topics ranging from the incoming administration to potential tech policy, the report added.Elon Musk, TikTok, ByteDance and the Trump administration did not immediately respond to Reuters’ requests for comments.Both executives have not discussed specific measures to keep TikTok running in the United States, the Journal reported, adding that Chew has kept ByteDance’s senior leadership informed of the talks, with executives cautiously optimistic about finding a way forward.ByteDance executives had been hedging their bets before the U.S. election, meeting with people close to Trump and with people close to Democratic nominee Kamala Harris, the report added. Trump, who unsuccessfully tried to ban TikTok in 2020, has said if elected in November he would not allow TikTok to be barred. More