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The anticipation of a recession in 2023, which ultimately did not materialize, has spurred optimism regarding the Federal Reserve’s ability to curb inflation and steer the economy towards a “soft landing”. However, despite this positive outlook, concerns remain about the persistently high inflation levels that could lead to a “deferred landing” scenario, as noted by
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The recent warning issued by French luxury group Kering has led to a significant 14% drop in the company’s shares. This warning comes alongside a prediction that Gucci sales are set to fall by 20% year-on-year in the first quarter of 2024. The decline in sales is primarily attributed to decreasing transactions in Asia, particularly
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Recent reports have surfaced regarding Donald Trump’s legal battle to secure a $464 million appeal bond in a civil fraud case. Initially in talks with insurance giant Chubb, Trump and his co-defendants faced a setback when the company backed out of the agreement. Despite efforts from more than 30 other companies declining to craft a