Chinese President Xi Jinping recently conveyed a message of hope for improved relations between China and the United States during a meeting with U.S. national security advisor Jake Sullivan. Xi expressed China’s commitment to maintaining a stable and healthy relationship with the U.S., despite the escalating tensions between the two countries in recent years. Xi
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Walmart is gearing up to report its quarterly earnings, and analysts are eagerly awaiting the results to gain insight into the state of American households and the overall economy. The consensus estimates for Walmart’s earnings per share are 65 cents, with revenue expected to reach $168.53 billion. As the nation’s largest retailer, Walmart’s performance is
British fintech firm Zilch made headlines by securing a remarkable $125 million in debt financing from Deutsche Bank, a move that is set to revolutionize its growth trajectory. The deal, structured as a securitization, will not only triple the company’s sales in the next few years but also pave the way for a potential initial
Homeownership is often seen as a key way to build wealth that can be passed on from one generation to the next. However, in the United States, more than $32 billion in assessed property values may be at risk due to a little-known issue called heirs’ property. This situation arises when homeowners pass away without
Despite higher profits and lower costs, Best Buy missed Wall Street’s quarterly sales expectations. The retailer saw a drop in revenue from the previous year, with sales ranging from flat to a 3% decline. The company blamed softer demand for consumer electronics as a contributing factor to these lackluster results. Best Buy has been struggling
In light of the COVID-19 pandemic and its subsequent impact on travel, Chinese high-income households are now showing a preference for domestic travel over international destinations. A recent survey by consulting firm Oliver Wyman revealed that only 14% of families earning at least 30,000 yuan a month in mainland China, who traveled internationally last year,
American Airlines shocked the aviation industry when they announced a significant cut in their sales outlook. This decision comes on the heels of the departure of their chief commercial officer, Vasu Raja. Raja, who has been with the company for just over two years, will be leaving his position next month. The airline giant revealed
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