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Investing
admin September 24, 2024

Top Wall Street analysts find these stocks promising for the long haul

As the earnings reporting season draws to a close, many companies were able to deliver solid results despite pressures on consumer spending.Investors seeking stocks that can withstand short-term pressures and deliver over the long term should track the recommendations of top Wall Street analysts.Bearing that in mind, here are three...

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Finance
admin September 24, 2024

China central bank releases slate of support measures amid a deepening economic slump

Pan Gongsheng, governor of the People's Bank of China, delivers a speech during the 2024 Lujiazui Forum on June 19, 2024 in Shanghai, China.Vcg | Visual China Group | Getty ImagesBEIJING โ€” China will cut the amount of cash banks need to have on hand, known as the reserve requirement...

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Wealth
admin September 20, 2024

China’s ultra-rich population sees ‘dramatic’ growth in last 10 years, outpacing the U.S., report shows

Staff members counting RMB cash deposited by customers in China's Nantong city.Cfoto | Future Publishing | Getty ImagesThe world's super rich club expanded significantly over the past 10 years, with China leading the charge, according to the latest report from New World Wealth and investment migration advisor Henley & Partners.The number...

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News
admin September 20, 2024

Nike CEO John Donahoe is out, replaced by company veteran Elliott Hill

John Donahoe, CEO of Nike, attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, U.S., July 10, 2024.Brendan Mcdermid | ReutersNike on Thursday announced that its CEO John Donahoe is stepping down and company veteran Elliott Hill is...

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Investing
admin September 20, 2024

Point72’s Steve Cohen is stepping back from trading his own book

Steven CohenAdam Jeffery | CNBC Billionaire investor Steve Cohen is retiring from the trading floor at his hedge fund Point72.The prominent hedge fund investor, who also owns the New York Mets, will continue his role as the co-chief investment officer at Point72, which Cohen converted from S.A.C. Capital Advisors in...

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