Finance

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The British fund manager abdrn recently predicted that the U.S. economy is headed for a soft landing in 2025. However, Kenneth Akintewe, the company’s head of Asian sovereign debt, expressed concerns about the potential for a prolonged slowdown. In an interview with CNBC’s “Squawk Box Asia,” Akintewe raised the question of whether the Federal Reserve
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Chinese President Xi Jinping recently met with U.S. national security advisor Jake Sullivan to discuss the importance of improving relations between China and the United States. Xi emphasized China’s commitment to a stable, healthy, and sustainable relationship with the U.S., despite the escalating tensions between the two countries in recent years. During the meeting, Xi
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Dollar General, a well-known discount retailer, faced a significant setback as its shares plummeted due to a reduction in its sales and profit forecasts for the year. This unexpected turn suggests that their customer base, which mainly consists of individuals with lower incomes, is encountering financial difficulties in the current economy. Revised Guidance The company
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The Russell 2000 index experienced a significant uptick of 10.1% in July, only to plummet by approximately 4% in August, according to recent data. This rollercoaster ride in performance has left investors wondering about the underlying reasons behind such erratic movements. ALPS’ Paul Baiocchi attributes the volatility to the composition of the index, highlighting a