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
On Thursday, the S&P 500 saw a 0.7% increase, despite tech giant Nvidia experiencing a decline post-earnings. Nvidia’s shares dropped 3.5% even after exceeding expectations in both revenue and earnings. The main concern was the company’s inability to meet analysts’ high forecasts for its full-year gross margins. Jim Cramer referred to this as a setback
China’s gaming industry recently made a significant leap onto the global stage with the release of Black Myth: Wukong. This top-tier video game, set in mythological China, shattered world records by selling over 10 million units within just three days of its launch on Aug. 20. The game continued its impressive streak by still ranking
With the Federal Reserve considering interest rate cuts, there is a growing sense of uncertainty among experts regarding the future of the U.S. economy. This ambiguity poses a significant challenge, especially for individuals who are nearing retirement or are already retired. The potential for a recession or market decline raises concerns about the impact on
Dividend-paying stocks are becoming increasingly attractive as the Federal Reserve is expected to cut interest rates in September. This move will make dividend yields on such stocks more appealing compared to returns from other income-generating assets like bonds. For investors looking to capitalize on this trend, selecting the right stocks from a vast pool of
The year 2024 has seen a sharp increase in bankruptcy filings across various sectors, with the restaurant industry bearing a significant portion of the burden. The surge in bankruptcies signifies the challenging times faced by businesses as they grapple with decreasing consumer spending, rising labor costs, and the fading support from Covid-era government aid. Notably,
The concept of automated 401(k) plans has been widely embraced by employers in recent years. However, new research reveals that the positive impact of these initiatives may not be as significant as previously assumed. A study published by the National Bureau of Economic Research highlights overlooked factors that diminish the long-term effectiveness of policies like
The tech sector has been in the spotlight recently, with companies like Marvell Technology and Nvidia making significant moves in the market. Marvell reported better-than-expected revenue, causing its stock to rise about 8% after hours. Despite this positive news, Marvell is still down 18% from its March high. On the other hand, Nvidia saw a
American Eagle reported a second-quarter miss on Wall Street’s sales targets, however, profits saw a significant increase of nearly 60% primarily due to lower product costs. Despite this positive news, the company’s shares took a hit and fell by approximately 3% in early trading on Thursday. American Eagle’s earnings per share came in at 39
In today’s society, the concept of ownership is being challenged like never before. Americans are increasingly opting to rent items ranging from cars and apartments to clothing and furniture. According to a report by Intuit Credit Karma, more adults are choosing to rent goods and services, with 28% routinely renting items. However, when housing is
