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Dedollarization is merely a myth and could backfire on countries like Russia and China.That's the view of commodity expert Jeffrey Christian, who doesn't think the dollar's dominance will go away anytime soon.He said countries that phase out the US dollar could also face consequences such as liquidity problems and slower growth. Thank you for your registration! Access your favorite topics on the go with your personalized feed. Download the app By clicking “Sign Up”, you agree to our Terms of Use and Privacy Policy. You can unsubscribe at any time by visiting your settings page or clicking “unsubscribe” at the…
Down icon An icon in the shape of a downward angle. Image by Tan Ming Tong/Getty Images Ken, a semi-retired executive, helped pay for his daughter and her husband's college tuition and the cost of a house.He wants to gift them an annual tax-free deduction once they get their spending in check.Some Baby Boomers are actively transferring wealth to their adult children at a time when they need it most. Ken, a semi-retired health-care executive, helped pay for his daughter and her husband's college tuition and the cost of a house.He would like to transfer more of his wealth to…
Angle down icon An icon in the shape of an angle pointing down. The exhibition at the London museum showcases iconic looks worn by the pop phenomenon Taylor Swift. David Parry/Victoria & Albert Museum The Victoria and Albert Museum in London has launched a new exhibition celebrating Taylor Swift.A range of clothing, accessories, and items from Swift’s iconic musical eras are on display.Taking cues from Swift, the museum has planted Easter eggs connecting the looks and its collection. The Victoria and Albert Museum in London has opened a new, free exhibition dedicated to Taylor Swift ahead of her return to…
PARIS — Stars gathered to watch Simone Biles on Sunday morning.On the north side of the AccorHotels Arena, John Legend and Chrissy Teigen sat near plush boxes with their children, who held up American flags and white flags emblazoned with the Olympic rings. A few rows away, Tom Cruise shook hands with a smiley audience member. Snoop Dogg, in Paris as an NBC contributor, leaned back in his front-row seat.Among those attending Sunday's ceremony were Oscar-winning actress Jessica Chastain, US snowboarder Shaun White and his girlfriend Nina Dobrev, with businessman David Lauren, son of fashion designer Ralph Lauren, sitting nearby.Sunday's…
Despite his personal frustrations with the “woke mind virus,” Musk remains CEO of Tesla and the electric car pioneer. On the surface, a Trump presidency would be bad for a company trying to move away from fossil fuels. But during a conference call with Tesla investors on Tuesday, Musk's reasons for supporting Tesla became abundantly clear.Musk is primarily concerned with maintaining Tesla's dominant position in the EV market, rather than worrying about society moving toward an all-electric future. One of President Joe Biden's defining legislative achievements, the Inflation Control Act, helped traditional automakers get serious about getting into the EV…
Meghan Markle was snapped looking smart as she attended a business summit in the Hamptons on Friday.According to sources, the 42-year-old wife of Prince Harry went to the event to pick up tips on her new lifestyle brand American Riviera Orchard.During the G9 Ventures Summer Summit, which was hosted by power broker Amy Griffin, the Duchess of Sussex was photographed with two longtime friends.An image shared from the high-powered summit showed the mother-of-two smiling as she posed with make-up artist and entrepreneur Bobbi Brown, and designer Misha Nonoo.Meghan was snapped with both of the women during the early days of her relationship with Prince…
Down icon An icon in the shape of a downward angle. Chip Somodevilla/Getty Images, Andrew Harnick/Getty Images, Brandon Bell/Getty Images, Rebecca Zisser/BI There are 100 days left until Election Day.It's almost certain that Kamala Harris will face off in a fierce battle against Donald Trump on November 5th.The 2024 presidential elections have seen major political upheaval and are not over yet. There are 100 days until Election Day, and if last month's election results are any indication, we'll be in for a chaotic battle to the finish line between Vice President Kamala Harris and former President Donald Trump.Past presidential elections…
Happy birthday to Jim Davis, Cher Lloyd, and all the other celebrities who have birthdays today. Check out the slideshow below to see photos of celebrities who turn one year older on July 28 and learn some fun facts about each one.Top celebrities born on July 28, 2024Chris Pratt, Hannah Waddingham, Garfield and Jim Davis attend the premiere of “Garfield: The Movie” at the TCL Chinese Theatre in Los Angeles on Sunday, May 19, 2024. (Photo by Jordan Strauss/InVision/AP)Cartoonist Jim Davis turns 79Fun fact: Jim had a small uncredited role in 2004's Garfield: The Movie.Rob Reiner, left, and Sally Struthers,…
Speaking at one of the biggest crypto events of the year, Donald Trump said that if he is re-elected president, he will fire the chairman of the U.S. Securities and Exchange Commission (SEC) on his first day there.Trump was delivering a keynote speech at Bitcoin 2024, a gathering of industry heavyweights in Nashville, Tennessee, on Saturday.Republican presidential candidates have used the event to rally support among voters and drum up money from the tech industry.Cryptocurrency has become a political battleground for the Republican Party, with President Trump claiming that Democrats and Vice President Kamala Harris are “anti-crypto.”The crowd erupted in…
The Olympics are just around the corner! At the Olympics, medal winners like Tom Daley, Dina Asher-Smith, and Max Whitlock are always the stars. But did you know? The Olympics have attracted Hollywood's biggest stars even before they became superstars.The likes of Jason Statham, Caitlyn Jenner and even Vera Wang were all decorated Olympic athletes or worked their way to glory before embarking on very different career paths. You may also likeWATCH: See how members of the royal family got into the Olympic spirit participate Hello! Here are some Olympians you probably wouldn't have expected…Jason StathamAction star Jason Statham is…