As British fund manager abrdn predicts a potential soft landing for the U.S. economy, concerns about a prolonged economic slowdown in 2025 have been raised by Kenneth Akintewe, the head of Asian sovereign debt at the company. Akintewe’s questioning of whether the Federal Reserve is inadvertently making a policy mistake highlights the uncertainties surrounding the
Thursday’s session saw the S & P 500 index rise by 0.7%, in spite of Nvidia’s post-earnings slump. The AI chipmaker’s shares dropped by 3.5% even after exceeding expectations on both revenue and profit figures. The primary concern was Nvidia’s inability to meet the high forecasts set by analysts for its full-year gross margins. Jim
China’s gaming industry took a major leap forward with the release of Black Myth: Wukong, the country’s first AAA video game. The action-packed title set in mythological China achieved unprecedented success by selling over 10 million units within just three days of its launch on Aug.20. The game’s popularity continued to soar, securing the second
With the Federal Reserve considering cutting interest rates, the U.S. economy is facing uncertainty according to experts. The possibility of a recession has caused concern among investors, especially those nearing retirement. As retirement savings and financial stability become paramount, it’s crucial for individuals to have a solid contingency plan in place. As retirement approaches, the
Investors are always on the lookout for the best opportunities to grow their portfolio, especially when it comes to dividend-paying stocks. With the Federal Reserve expected to cut interest rates in September, dividend-paying stocks are becoming more attractive due to their potential for outperformance. However, while these stocks offer the appeal of high dividend yields,
The surge in restaurant bankruptcy filings in 2024 has brought to light the underlying economic challenges faced by the industry. As diners pull back their spending, labor costs continue to rise, and government assistance from the Covid-era dwindles, many restaurants are struggling to stay afloat. The increasing financial strain on these establishments is evident, with
Chinese President Xi Jinping emphasized the importance of a stable and healthy China-U.S. relationship during a meeting with U.S. national security advisor Jake Sullivan. Despite escalating tensions between the two countries in recent years, Xi expressed hopes that Washington would find “a right way” to get along with Beijing. Efforts for Mutual Understanding Xi stated
American Eagle, a popular apparel company, reported a rise in its profit by close to 60% in its fiscal second quarter. However, it missed Wall Street’s sales targets for the second quarter in a row. Despite this, the company’s shares faced a decline of approximately 3% in early trading. The company’s earnings per share stood
Dollar General, the discount retailer catering to lower-income customers, faced a significant blow when it slashed its sales and profit guidance for the full year. The company’s stock plummeted by 25% following the announcement, indicating a lack of confidence from investors in its ability to weather the economic storm. As a retailer that primarily serves
Marvell Technology has been garnering attention in the stock market due to its impressive performance. Despite being down 18% from the March high, the stock surged by about 8% after hours following a better-than-expected revenue report in the latest quarter. The forecast also exceeded expectations, indicating positive growth potential. Marvell’s presence as the 17th biggest