The latest quarterly reports from major Chinese companies have highlighted the need for careful stock selection in the local market. Lorraine Tan, the director of Asia equity research at Morningstar, emphasized that while there has been outperformance, it has been limited to specific companies with resilient product mixes or strong market positions. This indicates a
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Recently, on-chain data has revealed that a dormant Bitcoin wallet from the early days of Bitcoin has suddenly become active. This wallet, presumably from the time when Satoshi Nakamoto, the mysterious founder of Bitcoin, was still involved, has sparked curiosity and speculation in the cryptocurrency community. Blockchain data tracker Whale Alert brought attention to the
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Investors looking to capitalize on the ongoing resurgence in U.S. manufacturing should consider investing in exchange-traded funds (ETFs) that offer exposure to a diversified range of sectors. According to Bank of America’s ETF strategist Jared Woodard, the trend of increasing interest in this theme has been driven by escalating trade tensions and bipartisan efforts to
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The commodities market has experienced a tumultuous summer, leaving many traders in challenging positions. Index-style funds like Invesco’s Optimum Yield Diversified Commodity Strategy ETF (PDBC) and single commodity-focused funds like the United States Oil Fund (USO) have faced significant losses. This market downturn could be an indicator of slower economic growth, with the exception of
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In the midst of uncertainty surrounding interest rate cuts by the Federal Reserve, several regional banks have strategically positioned themselves to benefit from the changes. Evercore ISI’s analysis suggests that these banks have made significant adjustments to their asset/liability portfolios in anticipation of the potential interest rate cuts. These adjustments include remixing balance sheets, restructuring
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The Biden administration has announced that it will resume offering free at-home Covid-19 tests to American households in late September. This decision comes as the virus has gained a stronger foothold in the U.S. during the summer months. Americans will soon be able to request four free tests through COVIDtests.gov, which will be able to
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