Jul 17, 2023 | Business, Economy
Bill Ackman, the mastermind behind Pershing Square, has made an audacious forecast for the 2024 Republican primary race, foreseeing victory for Vivek Ramaswamy, who is currently lagging in the GOP polls. Ramaswamy, a highly successful entrepreneur, has a deep...
Jul 17, 2023 | Asia, Economy
By Aniruddha Ghosh and Roshan Abraham (Reuters) -J.P.Morgan, Morgan Stanley and Citigroup trimmed China’s growth forecast for 2023 after the country’s economy grew at a weaker pace in the second quarter, with its post-COVID momentum unravelling rapidly....
Jul 16, 2023 | Asia, Business, Economy, Europe, Politics, Technology, Top News
By Aditya Kalra NEW DELHI (Reuters) -China’s Xiaomi will focus on boosting its India sales from retail outlets after years of big bets on e-commerce, its India president said, as the company seeks to revive smartphone sales after falling behind South...
Jul 16, 2023 | Business, Economy
Ex-Goldman Sachs Group Inc (NYSE:GS) hedge fund hotshot, Raoul Pal, is sounding the alarm bells. According to him, a financial storm is brewing, and he thinks that the Federal Reserve might soon be forced to roll out bailout packages to keep the situation under...
Jul 16, 2023 | Business, Economy
In the world of finance, the adage that ‘money talks’ rings particularly true when discerning potential shifts in market sentiment. An intriguing case has arisen around PayPal Holdings (NASDAQ:PYPL), with a major financial player making a...
Jul 16, 2023 | Business, Economy, Europe, UK
(Reuters) – UBS Group has decided to retain EY as its external auditor, enlarging its role to include Credit Suisse’s accounts from 2024, the Financial Times reported on Sunday, citing people with knowledge of the decision. The size of the contract will...
