Ray Dalio, a prominent investor and the founder of Bridgewater Associates, has made headlines with his assertion that the upcoming 2024 U.S. elections could be the most crucial of his lifetime. In a recent interview on CNBC’s “Squawk Box Asia,” he articulated his belief that the nation is in need of a “strong leader of
Finance
In a significant move, the Federal Reserve has hinted at a deliberate reduction of interest rates, projecting a half-point cut by the close of 2024. This decision comes ahead of two critical policy meetings set for November and December, where the Fed will reassess its stance on the benchmark fed funds rate. Current indications suggest
As Americans continue to navigate the complexities of retirement planning, an increasing number are relying on the notion of extending their working years as a strategy to bolster their financial security. According to a recent survey conducted by CNBC and SurveyMonkey, nearly 27% of the workforce contemplates working during retirement, primarily to supplement their income.
China’s economic landscape is marred by a persistent slowdown in consumer spending, a phenomenon strongly linked to the ongoing turmoil in the real estate sector. As the country grapples with the repercussions of an unprecedented real estate slump, the ramifications for local government finances and overall economic health are becoming increasingly apparent. This article delves
The landscape of monetary policy in the United States is teetering on the brink of change as analysts and policymakers alike brace for the Federal Reserve’s anticipated easing cycle. According to Fitch Ratings, the forthcoming adjustments in interest rates are expected to be modest by historical standards when they commence at the upcoming September policy
Recent data from the National Bureau of Statistics (NBS) revealed a concerning trend in China’s economic performance for August 2023. Both retail sales and industrial production growth have lagged behind projections, signaling a potential downturn in the nation’s recovery trajectory following the COVID-19 pandemic. Despite a year-over-year retail sales increase of only 2.1%, economists had
In the wake of economic uncertainty, China’s government has unveiled a significant plan to stimulate consumption via a trade-in policy aimed at upgrading consumer products and equipment. Announced in July, this initiative is underpinned by the allocation of 300 billion yuan (approximately $41.5 billion) in ultra-long special government bonds. This article dissects the measures, explores
Dutch challenger bank Bunq recently announced its plans to grow its global headcount by 70% this year, aiming to reach over 700 employees. This move comes at a time when many financial technology startups are cutting jobs due to the challenging operating environment. Bunq’s expansion plans include entering new regions like the U.K. and the