Warren Buffett’s Berkshire Hathaway has made history by reaching a $1 trillion market capitalization, making it the first non-technology company in the U.S. to achieve this milestone. This significant achievement comes amidst a strong rally in the company’s shares, which have outperformed the S&P 500 by a considerable margin. Warren Buffett, also known as the
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As British fund manager abdrn predicts a potential soft landing for the U.S. economy, concerns about a prolonged slowdown in 2025 are still looming. Kenneth Akintewe, the company’s head of Asian sovereign debt, raised doubts about the Federal Reserve’s policy decisions, questioning whether they are heading towards a mistake. Akintewe highlighted the discrepancies in economic
China’s foray into the world of top-tier video games has made a significant splash, challenging traditional norms and setting new records in the gaming industry. The recent release of Black Myth: Wukong, an action-packed game set in mythological China, surpassed all expectations by selling over 10 million units within just three days of its launch.
The recent performance of Dollar General has been under scrutiny as the discount retailer faces challenges in its sales and profit forecasts. The company recently adjusted its guidance for the full year, indicating a lower expectation for same-store sales growth and earnings per share. This news has caused a significant drop in the company’s stock
During a recent meeting, Chinese President Xi Jinping expressed his hopes for a stable, healthy, and sustainable relationship between China and the United States. While acknowledging the changes that have occurred in both countries and in their relations, Xi emphasized China’s commitment to fostering positive interactions with Washington. The tensions that have arisen between the
In the rapidly evolving world of electric vehicles, Chinese car companies are not only engaged in a fierce price war but are also turning their attention towards developing their own chip-powered technological features, particularly in the driver-assist function segment. This shift marks a significant departure from the reliance on external suppliers such as Nvidia and
The upcoming phone call between U.S. President Joe Biden and Chinese President Xi Jinping signifies an important step in improving communication between the two countries. This dialogue comes at a crucial time as tensions continue to run high on various issues such as tech restrictions, Taiwan, the South China Sea, and Ukraine. Recent years have
Xpeng, a Chinese electric car company, made headlines with the launch of its new mass-market Mona brand. The Mona M03 electric coupe, priced at $16,812, garnered over 10,000 orders within the first 52 minutes of its formal launch in Beijing. This budget-friendly price point significantly undercuts Tesla’s cheapest Model 3, attracting a wave of attention