China’s Financial Transformation, Gen Z’s Financial Dependence, 3M CFO Resigns, and Fed Chair Powell Testifies

Finance is no longer the darling career in Xi Jinping's new economic order. Nearly half of Gen Z relies on financial help from parents, family. 3M CFO resigns to take executive job at ADM. Watch Fed Chair Jerome Powell testify live before House financial services panel.

Sources:
https://thediplomat.com/2024/07/finance-is-no-longer-the-darling-career-in-xi-jinpings-new-economic-order/
https://www.foxbusiness.com/economy/nearly-half-gen-z-rely-financial-help-from-parents-family-bofa-survey
https://www.startribune.com/3m-president-chief-financial-officer-cfo-monish-patolawala-resigns-adm/600379643/
https://www.cnbc.com/2024/07/10/watch-fed-chair-powell-testify-live-before-house-financial-panel.html

Outline:
(00:00:00) Introduction
(00:00:41) Finance is No Longer the Darling Career in Xi Jinping’s New Economic Order
(00:03:35) Nearly half of Gen Z rely on financial help from parents, family: BofA survey
(00:06:34) 3M CFO resigns to take executive job at ADM
(00:09:08) Watch Fed Chair Jerome Powell testify live before House financial services panel