British fund manager abdrn’s head of Asian sovereign debt, Kenneth Akintewe, has expressed concerns about a possible prolonged slowdown in the U.S. economy in 2025. He points to economic data, such as the non-farm payrolls, which have been later revised to show a weaker economic outlook. According to Akintewe, there is a risk that the
Finance
China’s entry into the top-tier video game market has made a significant impact with the release of Black Myth: Wukong. This action-packed game, set in mythological China, achieved unprecedented success by selling over 10 million units within just three days after its launch on Aug. 20. This feat catapulted the game to the second-highest revenue
Dollar General, a discount retailer targeting lower-income customers mainly in rural areas, experienced a sharp decline in its shares after announcing the reduction in its sales and profit forecasts for the full year. These adjustments, which included a cut in same-store sales and earnings per share expectations, were attributed to the challenging economic conditions faced
Chinese President Xi Jinping expressed his hopes for a positive and constructive relationship with the United States during a meeting with U.S. national security advisor Jake Sullivan. Despite escalating tensions between the two countries in recent years, Xi emphasized China’s commitment to a stable, healthy, and sustainable relationship with the U.S. He called for finding
Chinese electric car companies are stepping up their game by developing their own in-house auto chips, signaling a shift towards greater technological independence. Companies like Nio and Xpeng have announced the readiness of their custom-designed chips for production, moving away from the reliance on Nvidia chips that has been prevalent in the industry. The move
The announcement of the upcoming phone call between U.S. President Joe Biden and Chinese President Xi Jinping comes as a significant development in the diplomatic relations between the two superpowers. This communication will play a crucial role in addressing various pressing issues that have been looming over their relationship. Previous Interactions It is important to
Xpeng, a Chinese electric car company, recently introduced its new mass-market brand called Mona, offering electric coupes with prices starting as low as $16,812. This move has caused a stir in the industry, especially since the prices of Mona’s vehicles are significantly lower than Tesla’s cheapest Model 3. The company reported that orders for the
The recent performance of the Russell 2000 has investors concerned about its profitability. After a 10.1% gain in July, the index has dropped approximately 4% in August. ALPS’ Paul Baiocchi attributes this volatility to the index’s composition, citing Apollo Global’s estimate that 40% of companies included in the Russell 2000 have negative earnings. Investors have
As the anticipation builds around Federal Reserve Chair Jerome Powell’s policy speech, it is essential to acknowledge that despite the hype, the likelihood of any groundbreaking revelations seems highly improbable. The market sentiment is already set firmly on the belief that the Federal Reserve will embark on a journey of rate cuts starting in September,
With the impending Federal Reserve interest rate decision in September, more investors are shifting towards dividend stocks as a sound investment strategy. Paul Baiocchi, the chief ETF strategist at SS&C ALPS Advisors, believes that this move is justified due to his prediction of the Fed easing rates. According to Baiocchi, investors are reallocating their money