As per the insights provided by British fund manager abdrn, there are concerns regarding the trajectory of the U.S. economy in 2025. Kenneth Akintewe, the head of Asian sovereign debt at abdrn, has raised doubts about the approach of the Federal Reserve. He has pointed out that there could be a risk of a prolonged
China’s foray into the world of top-tier video games has made a monumental impact on the industry, with the release of Black Myth: Wukong shattering world records and signaling the country’s growing global ambitions. In just three days after its launch on August 20th, this action-packed game set in mythological China sold over 10 million
Despite beating estimates on the top and bottom lines, Nvidia saw a decline of 3.5% in its shares after the company’s earnings report. The issue arose when Nvidia failed to meet analysts’ high expectations for the company’s full-year outlook on gross margins. Jim Cramer referred to this as the “mortal Jensen Huang” moment, emphasizing the
As the Federal Reserve considers cutting interest rates in the coming months, dividend-paying stocks are becoming increasingly appealing to investors. This is due to the fact that the yield offered by dividend stocks will become more attractive compared to other income-generating assets like bonds. However, with a wide range of companies offering dividends, it can
As the Federal Reserve considers a potential rate cut, it has sparked a debate among experts regarding the future of the U.S. economy. While some are concerned about a possible recession, others are optimistic about a “soft landing.” For individuals nearing retirement, the implications of these changes are significant. A sudden market downturn or recession
The restaurant industry has been hit hard this year with a surge in bankruptcy filings, reflecting a broader trend across various sectors. The impacts of the COVID-19 pandemic, rising costs, and the withdrawal of government assistance have left many restaurants struggling to stay afloat. As of the mid-year point in 2024, at least 10 restaurant
Dollar General, a discount retail giant catering to lower-income customers, faced a significant setback as its shares plummeted by 25% following a gloomy sales and profit forecast for the full year. The company, which predominantly serves rural areas, acknowledged that its core customer base is feeling financially constrained in the current economic climate. This highlights
American Eagle, a well-known apparel company, recently fell short of Wall Street’s sales expectations for the second consecutive quarter. However, the company managed to increase its profit by almost 60%, largely due to lower product costs. Despite the growth in profit, the company’s shares dropped by around 3% in early trading on Thursday following the
Recent research suggests that the positive impact of automated retirement savings on workers’ 401(k) plans may not be as significant as previously believed. While policies like automatic enrollment and escalation have been widely implemented to enhance employees’ nest eggs, certain “underexmained” factors, such as workers cashing out their 401(k) balances when leaving a job, have
MongoDB shares experienced a significant surge of up to 16% in after-hours trading following the release of the company’s healthy fiscal second-quarter earnings report. The database software maker exceeded LSEG consensus expectations with an adjusted earnings per share of 70 cents compared to the anticipated 49 cents. Additionally, MongoDB reported revenue of $478.1 million, surpassing