News

Recent

“China’s Finance Executives Allocate Significant Work Hours to ‘Xi Jinping Thought’ Study, Impacting International Firms”

Finance professionals in China, including those at BlackRock, now dedicate up to a third of their workday to studying "Xi Jinping Thought." This ideological commitment extends to foreign employees in international firms. Amid tightened regulations and fines, businesses grapple with China's evolving landscape of ideology and control.

News

“Stock Market Valuation Presents ‘Excellent Opportunity’ for Long-Term Wealth Building, Says Wharton Professor Jeremy Siegel”

Wharton professor Jeremy Siegel encourages long-term investors to seize the current stock market valuation, which he deems an exceptional opportunity. Despite concerns over recession, rising interest rates, and inflation, Siegel believes the stock market offers substantial value. With a forward price-to-earnings ratio slightly above historical averages, he anticipates long-term returns exceeding 5% after inflation—a promising prospect for wealth building. He expects the market to remain robust in the short term, driven by a strong economy and positive economic data, even amid inflation worries.

News

“US Housing Market Faces Deepest Sales Slump since 2011, According to Fannie Mae Forecast”

Fannie Mae predicts the US housing market is in for its most significant sales slowdown since 2011, with total home sales expected to reach just 4.8 million this year. High mortgage rates, recently hitting a 20-year high, are hindering demand and a weakening US economy that could enter a slowdown within the following year. Experts anticipate a challenging housing market, even if a recession is avoided, as interest rates may remain elevated, impacting affordability and sales.