REA Group, a property listings company controlled by Rupert Murdoch’s News Corp, has expressed interest in potentially acquiring U.K. property portal Rightmove. This move aims to create a global digital real estate business, expanding the reach and influence of both companies. The announcement of this potential takeover offer caused a significant increase in the share
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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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The S & P 500 saw a 0.7% increase despite Nvidia’s post-earnings decline. Although the AI chipmaker beat estimates on both the top and bottom lines, their full-year outlook on gross margins fell short of analysts’ expectations. Jim Cramer referred to this as the “mortal Jensen Huang moment” and advised investors not to rush into
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As the Federal Reserve gears up to cut interest rates, the future of the U.S. economy seems uncertain. This uncertainty leaves many experts divided on how to navigate the economic landscape ahead. For retirees or those nearing retirement, the stakes are particularly high as they face the potential impact on their retirement savings. The looming
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Investors are keeping a close eye on the Federal Reserve’s anticipated interest rate cut in September, with a shift expected to favor dividend-paying stocks. The rationale behind this strategy lies in the fact that, in light of the lower interest rates, dividend yields from stocks tend to become more appealing compared to other traditional income-generating
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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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