Investors seeking income-generating assets should consider dividend-paying stocks, especially with the expected interest rate cut by the Federal Reserve in September. These stocks are likely to outperform other assets like bonds due to their attractive dividend yields. However, with a vast array of companies offering dividends, it can be challenging to choose the right stocks.
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The cryptocurrency market has been experiencing a bearish sentiment over the past week, with the total market cap currently standing at $2.04 trillion after a 0.39% decrease in the last day. This downward trend has raised concerns within the community as the market cap approaches the critical $2 trillion mark. Bitcoin (BTC), the dominant cryptocurrency
The restaurant industry is facing significant challenges in 2024, with a surge in bankruptcies among notable chains. The decrease in consumer spending, paired with rising labor costs and the elimination of Covid-era government assistance, has added to the financial strain on restaurants. These factors have created a perfect storm, forcing many eateries to seek bankruptcy
The recent plunge in Pinduoduo’s stock price by nearly 30% following disappointing quarterly results has shed light on the evolving nature of China’s consumer market. Despite the overall weakness in the market, PDD’s revenue saw substantial growth of almost 90% year-over-year, with profits more than doubling. Charlie Chen from China Renaissance Securities emphasized that the
China’s housing market has been struggling, with government stimulus and support measures failing to provide the necessary boost. According to Haibin Zhu, chief China economist at JPMorgan, the housing market crash is far from over, and home prices are unlikely to stabilize until at least 2025. Data from China Index Academy shows that the average
Peaq, a cutting-edge blockchain platform focusing on decentralized infrastructure networks (DePIN), is gearing up to unveil its layer-1 blockchain between September 22 and September 30. The official X account recently made the announcement, highlighting that the platform will be powered by Polkadot and is poised to introduce its native token. With ambitions to bring over
Bitcoin’s poor trading action in recent months may continue for another month, as traders are in a state of uncertainty. August was particularly challenging for the leading cryptocurrency, with Bitcoin experiencing a 10.25% slide, its worst month since April. Ethereum also dropped significantly, with a 23.66% decrease, marking its third monthly drawdown and worst month
GE Aerospace is poised to emerge victorious amidst ongoing manufacturing challenges faced by Boeing, as stated by Artisan Partners’ Chris Smith. With the introduction of their new leap engine, GE has essentially solidified their position as a monopoly in the industry. This engine is set to power the majority of new narrow-body planes, potentially accounting
The U.S. dollar experienced a slight decline in trading on Monday, with investors eagerly awaiting key labor market data to determine the possibility of Federal Reserve interest rate cuts. The Dollar Index, which measures the dollar against a mix of other currencies, dropped 0.1% to 101.577, after hitting 101.79 earlier in the day. The upcoming
REA Group, a property listings company under the ownership of media mogul Rupert Murdoch’s News Corp, made headlines with its announcement of a potential takeover offer for U.K. property portal Rightmove. This move is seen as a strategic step towards creating a global digital real estate business, leveraging the strengths and resources of both companies