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Elite Financial Group

Federal Reserve will reduce staff by 10% in coming years, Powell memo says

by Elite Financial Group | May 16, 2025 | Financial Services

The staff cuts could result in more than 2,000 fewer jobs at the U.S. central bank.Read More…

How to trade gold and bitcoin after the big stock market rebound

by Elite Financial Group | May 16, 2025 | Financial Services

Gold could resume its rally and head for $5,000, and it might be a good time to take some risk out of bitcoin investing, according to ETF experts.Read More…

Big Chinese companies like Alibaba show that AI-powered ads are giving shopping a boost

by Elite Financial Group | May 16, 2025 | Financial Services

Alibaba, Tencent and JD.com reported earnings that showed better Chinese consumer spending — and the growing benefits of artificial intelligence in advertising.Read More…

Walmart’s former U.S. CEO Bill Simon thinks retailer can easily absorb tariff costs, criticizes its ‘doom and gloom’ commentary

by Elite Financial Group | May 15, 2025 | Financial Services

Bill Simon, who ran Walmart from 2010 to 2014, suggests the company may be overstating challenges tied to tariffs.Read More…

Fed’s Powell cautions about higher long-term rates as ‘supply shocks’ provide policy challenges

by Elite Financial Group | May 15, 2025 | Financial Services

Powell said Thursday that longer-term interest rates are likely to be higher as the economy changes and policy is in flux.Read More…

EToro IPO filing cites Israel-Hamas conflict as potential business risk

by Elite Financial Group | May 15, 2025 | Financial Services

The Israel-Hamas conflict and geopolitical tensions in the region could hurt eToro’s operations, the company said in the risk factors of its IPO filing.Read More…
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