The Chinese government’s efforts to stabilize the country’s stock market, which has seen a $7 trillion rout, are proving ineffective. Investors are skeptical that President Xi Jinping can use the…
The stock market is showing remarkable resilience in 2024, with inflation easing and the Federal Reserve less worried about the robust U.S. job market. This is the view of Fundstrat‘s…
On Saturday, “Rich Dad Poor Dad” author Robert Kiyosaki voiced a grim forecast for the stock and bond markets. In a statement on X, formerly Twitter, Kiyosaki cautioned investors about an imminent market downturn, despite the…
In an unexpected turn of events, Bank of America anticipates the Federal Reserve’s first interest-rate cut of 2024 to happen in June, not March, following unexpectedly hawkish comments from the central…
China has unveiled plans to unite three of its state-owned bad debt asset managers with its primary sovereign wealth fund, the China Investment Corp. What Happened: China’s official Xinhua news agency, cited anonymous…