According to British fund manager abrdn, there is a prediction that the U.S. economy will experience a soft landing. However, Kenneth Akintewe, the company’s head of Asian sovereign debt, warns of the risk of a prolonged slowdown in 2025. He questions whether the Federal Reserve is making a policy mistake by potentially overlooking key economic
China’s long-awaited foray into the world of top-tier video games has finally arrived with the groundbreaking success of Black Myth: Wukong. This action-packed game, deeply rooted in mythological China, shattered world records by selling over 10 million units within just three days of its launch on Aug. 20. Surging to the second rank by revenue
Thursday saw the S&P 500 rise by 0.7%, despite Nvidia’s decline after their impressive earnings report. Nvidia’s stock tumbled 3.5% due to falling short on analysts’ expectations for their full-year outlook on gross margins. Jim Cramer referred to Nvidia’s chief executive as the “mortal Jensen Huang” following the company’s earnings call. While he maintains a
As the Federal Reserve considers cutting interest rates, there is uncertainty surrounding the future of the U.S. economy. With the possibility of a recession on the horizon, those approaching retirement are facing heightened concerns about the security of their retirement savings. Anne Lester, author of “Your Best Financial Life,” emphasizes the importance of having a
Amidst an environment where the Federal Reserve is anticipated to slash interest rates in the near future, dividend-paying stocks are looking increasingly attractive. As the yields on these stocks become more appealing in comparison to other income-generating assets like bonds, investors are turning their attention to dividend stocks. However, with a plethora of companies offering
The restaurant industry has been hit hard by bankruptcy filings, with at least 10 notable restaurant chains filing for bankruptcy in 2024. This surge in bankruptcies reflects broader trends across various sectors. Some of the factors contributing to these bankruptcies include decreased consumer spending, rising labor costs, and the disappearance of government assistance that was
In recent years, there has been a noticeable shift in consumer habits in America, with more individuals opting to rent rather than own various goods and services. According to a report by Intuit Credit Karma, factors such as affordability and changing lifestyle preferences have contributed to this growing trend. From cars and apartments to clothing
As the season of fall foliage and pumpkin spice lattes approaches, so does the idea of a potential “September surge” in the job market. The concept suggests that more job postings become available after Labor Day, following a summer slowdown when job recruiters and hiring managers are typically on vacation. While this theory lacks hard
Recent research has shed light on the efficacy of automated retirement savings plans, such as 401(k) plans, that have been implemented by many employers. While the idea of auto-enrollment and auto-escalation initially seemed promising, new findings indicate that the long-term impact may not be as significant as previously thought. This research, published by the National
Dollar General, a discount retailer catering to lower-income customers, faced a significant setback as its shares plummeted by 25% following a revision in its sales and profit forecast for the fiscal year. The company, which predominantly serves rural areas, now anticipates only a 1.0% to 1.6% increase in same-store sales for the year, much lower