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Stocks are headed for a decade-long ‘dead’ zone with losses on par with the dot-com bust, fund manager says
A 30% correction to stocks wouldn’t be surprising, according to investing legend Robert Prechter.OsakaWayne Studios/Getty Images The stock market could be in for a decade of next-to-nothing returns, one top fund manager warned. That’s because inflation and interest rates could remain stubbornly high. Stocks could see near-term losses on par with the dot-com bust and […]
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Chinese premier says economic growth target is about 5%, on par with last year’s rate
BEIJING (AP) — Chinese Premier Li Qiang has announced that China’s economic growth target for this year is around 5%, in line with last year’s performance despite forecasts for a slowdown. The ruling Communist Party has said it is prioritizing efforts to encourage consumer spending to help drive the economy. Last year, the economy grew […]