Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

Global manufatruers are searching for China’s replacement

Published

on

The once-strong allure of China as a manufacturing hub for global companies appears to be waning, as increasing tensions between the United States and China are driving businesses to explore alternative options.

Jason Andringa, the President and CEO of Iowa-based Vermeer, a manufacturer of industrial and farm machinery, acknowledged that his company had established a presence in China two decades ago when it was considered a premier destination for business growth. However, he expressed reservations about expanding further in the current climate of U.S.-China relations. Andringa cited concerns about the challenges of finding qualified employees and ensuring fair treatment in an increasingly antagonistic environment.

The recent announcement by the Biden administration to halt shipments of advanced artificial intelligence chips to China is just one example of the growing friction between the two countries. This development is causing U.S. business leaders to rethink their China exposure and redirect investments toward more accommodating nations. Mexico has now surpassed China as the primary destination for foreign direct investment by U.S. firms, according to the U.S. Bureau of Economic Analysis.

Trump’s troubles

The shift away from China began during the trade tensions of the Trump administration but has escalated further under the Biden administration. Commerce Secretary Gina Raimondo revealed that U.S. companies have described China as “uninvestible” due to government actions, such as fines and raids, that have created business risks.

While some companies are entirely exiting China, many are adopting a “China-plus-one” strategy, diverting new investments to other low-cost countries like Vietnam and India. However, businesses often remain reliant on Chinese factories for parts and materials, even as they expand operations elsewhere.

A survey by the U.S.-China Business Council revealed that over a third of respondents had reduced or paused their investments in China over the past year, reflecting heightened concerns about geopolitics. However, only a few firms indicated plans for a complete exit.

In this rapidly changing landscape, global manufacturers are carefully navigating their future in China, with political uncertainties adding to the challenges they face in finding alternative production bases and supply chains.

Continue Reading

Money

Gold plunges as investors react to Middle East ceasefire

Gold prices fall over 2% to below $4,000, as investors shift from safe-haven assets after Gaza ceasefire news.

Published

on

Gold prices fall over 2% to below $4,000, as investors shift from safe-haven assets after Gaza ceasefire news.


Gold prices have fallen sharply, dropping over two per cent to below $4,000 per ounce, as investors took profits following the announcement of a Gaza ceasefire agreement. The deal between Israel and Hamas triggered a shift away from safe-haven assets, with silver and platinum also sliding.

The U.S. dollar strengthened as markets responded to the news, making precious metals more expensive for foreign buyers. Analysts say the pullback is likely temporary, with long-term demand for gold and silver expected to remain strong amid global instability and rising debt levels.

Market experts warn that volatility will continue as geopolitical tensions persist, even as short-term optimism grows around the Middle East peace process.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker


Download the Ticker app

Continue Reading

Money

Gold and silver prices drop after Gaza ceasefire

Gold dips below $4,000/oz amid profit-taking and Gaza ceasefire; silver also softens from record highs

Published

on

Gold dips below $4,000/oz amid profit-taking and Gaza ceasefire; silver also softens from record highs

video
play-sharp-fill
In Short:
– Gold prices fell over 2% to below $4,000 per ounce due to a stronger dollar and profit-taking.
– Silver eased to $48.93 per ounce, influenced by market activity and ongoing high demand despite supply issues.
Gold prices fell over 2% on Thursday, dropping below $4,000 per ounce. The decline followed a strong rise earlier in the year and was influenced by a stronger dollar and profit-taking after a ceasefire deal between Israel and Hamas.Spot gold decreased to $3,959.48 per ounce, while U.S. gold futures for December delivery settled at $3,972.6.

Silver also experienced a slight decline, easing from its record high to $48.93 per ounce. The dollar index increased, making gold more expensive for overseas buyers.

Banner

Traders noted increased activity in the market as profit-taking coincided with reduced tensions in a historically volatile region.

An independent metals trader stated that while gold and silver may need to consolidate further, the underlying demand drivers remain intact.

Market Overview

Gold surpassed $4,000 per ounce on Wednesday, reaching $4,059.05, boosted by geopolitical tensions and strong demand from central banks. The asset has gained about 52% this year, reflecting a significant increase due to various economic factors. The U.S. central bank’s decision to cut rates in September also contributed to the rally, with expectations for future cuts in the coming months.

Silver’s price increase of 69% this year is tied closely to similar economic trends impacting gold. Notably, liquidity issues in the silver market are being exacerbated by strong demand and tight supply conditions. Other precious metals, such as platinum and palladium, also saw declines during this period.

Continue Reading

Money

North Korean hackers steal $2 billion in crypto

North Korean hackers steal over $2 billion in cryptocurrency, marking the largest annual total in history

Published

on

North Korean hackers steal over $2 billion in cryptocurrency, marking the largest annual total in history

video
play-sharp-fill
In Short:
– North Korean hackers stole over $2 billion in cryptocurrency in 2025, nearly tripling last year’s total.
– A shift to social engineering tactics has led to increased targeting of high-net-worth individuals for cyber attacks.
North Korean hackers have reportedly stolen over $2 billion in cryptocurrency assets in 2025, setting a record with three months still left in the year.
Data from blockchain analytics firm Elliptic indicates that this amount nearly triples the total stolen last year, accounting for approximately 13% of North Korea’s estimated GDP and raising the regime’s total crypto theft to over $6 billion since 2017.Banner

A significant portion of the 2025 theft is attributed to the February hack of cryptocurrency exchange Bybit, which amounted to $1.46 billion.

The FBI has linked this breach to state-sponsored North Korean hackers, who exploited weaknesses in Bybit’s wallet management system. More than 30 additional cyber attacks have also been associated with North Korea this year, including notable breaches at LND.fi and WOO X.

Shift In Tactics

A shift in methodology among North Korean hackers has been observed, as they now focus on social engineering rather than technical exploits. According to Elliptic, the primary vulnerability lies with individuals rather than technology.

High-net-worth individuals and corporate executives are increasingly targeted due to their relatively weaker security measures.

The hackers utilise deceptive tactics, including phishing schemes and fake job offers, to access private cryptocurrency wallets. Intelligence reports suggest that the stolen funds are used to finance North Korea’s nuclear programmes.

The regime has also improved its money laundering techniques by employing various cryptocurrencies and mixing methods to obscure fund origins. Blockchain analysts are actively tracking these stolen assets, with notable progress achieved in identifying recoverable funds.


Download the Ticker app

Continue Reading

Trending Now