Travel spending among American households continues to outpace its pre-pandemic levels, driven by a strong interest in international trips. According to economists at the Bank of America Institute, vacationing abroad has become a key part of travel momentum in recent times. Despite a slight decrease in overall travel spending from 2023, it remains significantly higher
The British fund manager abdrn has predicted that the U.S. economy may experience a soft landing in the near future. However, there is still a looming risk of a prolonged slowdown in 2025, as highlighted by Kenneth Akintewe, the company’s head of Asian sovereign debt. During an interview on CNBC’s “Squawk Box Asia,” Akintewe raised
China’s foray into the top-tier video game market with Black Myth: Wukong has proven to be a huge success, shattering world records and showcasing the country’s potential in the global gaming industry. With over 10 million units sold in just three days after its launch on August 20, the action-packed game set in mythological China
As the Federal Reserve prepares to lower interest rates, the future of the U.S. economy is uncertain. Some experts warn of a potential recession, while others are optimistic that the central bank can steer the economy towards a “soft landing.” This division in opinions creates a sense of apprehension among individuals, especially those who are
Dividend-paying stocks are expected to outperform in the current market environment, especially with the Federal Reserve’s looming interest rate cut in September. This is due to the attractiveness of dividend yields compared to other income-generating assets such as bonds. However, selecting the right dividend stocks from the vast universe of companies can be a challenging
The year 2024 has witnessed a significant surge in restaurant bankruptcy filings, reflecting a broader trend of increasing corporate bankruptcies across various sectors. At least 10 restaurant chains have filed for bankruptcy this year, and the numbers are expected to rise further. August saw three Chapter 11 filings from well-known eateries, indicating the financial distress
In recent months, the US real estate market has seen home prices soar to unprecedented levels, reaching the highest point ever on the S&P CoreLogic Case-Shiller U.S. National Home Price Index. Despite a slowdown in the pace of annual gains, prices nationally were still 5.4% higher than the previous year, showcasing the ongoing demand for
Marvell Technology saw a rise of about 8% after hours following a better-than-expected revenue report in the latest quarter. However, the stock is still down 18% from its March high. The VanEck Semiconductor ETF (SMH) is currently 16% from the July 11 high, with a year-to-date increase of 36%. Marvell holds a significant position as
As the season of fall foliage and pumpkin spice lattes fast approaches, so does the job market potentially turning over a new leaf. The concept of a “September surge,” where more job postings become available after Labor Day, is often associated with the end of the summer slowdown as job recruiters and hiring managers return
Chinese President Xi Jinping emphasized during a meeting with U.S. national security advisor Jake Sullivan the importance of maintaining a stable and healthy relationship between China and the United States. Despite the escalating tensions in recent years, Xi reiterated China’s commitment to the goal of a sustainable China-U.S. relationship. Xi expressed his hope that the