Finance

During a recent meeting between Chinese President Xi Jinping and U.S. national security advisor Jake Sullivan, President Xi expressed Beijing’s desire for a harmonious relationship with Washington. Despite the escalating tensions between the two countries in recent years, Xi reiterated China’s commitment to a stable, healthy, and sustainable relationship with the United States. President Xi
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The upcoming phone call between U.S. President Joe Biden and Chinese President Xi Jinping is set to take place in the “coming weeks,” according to the White House. This communication is crucial as both nations navigate a complex relationship amid heightened tensions and conflicting positions on various issues. The announcement of the phone call came
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The Russell 2000, a small-cap index, has recently been facing some profitability challenges. After registering a solid gain of 10.1% in July, the index has plummeted by approximately 4% in August. According to ALPS’ Paul Baiocchi, this erratic behavior can be attributed to the overall composition of the index. Shockingly, a report from Apollo Global
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Philadelphia Federal Reserve President Patrick Harker has made it clear that he is in favor of an interest rate cut in September. Speaking at the Fed’s annual retreat, Harker emphasized the need to start the process of moving rates down in an effort to stimulate economic growth. This endorsement comes after minutes from the last
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British technology entrepreneur Mike Lynch recently made headlines when he was acquitted of fraud charges in a landmark trial involving allegations made by Hewlett Packard. The trial centered around accusations that Lynch had artificially inflated the value of his company, Autonomy, when he sold it to HP for $11.7 billion in 2011. However, just two
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