Finance

British fund manager abrdn has predicted that the U.S. economy will experience a soft landing in the near future. However, there is still a significant risk of a prolonged slowdown in 2025, according to Kenneth Akintewe, the company’s head of Asian sovereign debt. Akintewe raised concerns about the Federal Reserve’s current policies, asking whether they
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Chinese President Xi Jinping recently emphasized the crucial need for a stable and healthy relationship between China and the United States during a meeting with U.S. national security advisor Jake Sullivan. Xi conveyed China’s unwavering commitment to maintaining a positive and sustainable relationship with the U.S., despite escalating tensions in recent years. President Xi expressed
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Dollar General, a discount retailer catering to lower-income customers in rural areas, experienced a significant setback as it cut down its sales and profit projections for the fiscal year. The company’s shares plummeted by 25% following the announcement, indicating a lack of confidence from investors in its future performance. This suggests that the economic challenges
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The recent announcement from the White House regarding the upcoming phone call between U.S. President Joe Biden and Chinese President Xi Jinping has sparked anticipation globally. The communication is expected to take place in the “coming weeks,” as stated by officials from the White House. This announcement coincided with U.S. national security adviser Jake Sullivan’s
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