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Foreign investor holdings of Treasuries climbed to a record high in June, showcasing sustained overseas demand for US government debt even as a slump in the dollar stoked concerns about sentiment toward American assets. Foreign holdings totaled $9.13 trillion for June, up $80.2 billion from May, Treasury Department figures showed Friday. For the first half … Read more
What do you do after stepping down from Coca-Cola’s helm? For the former CEO, it’s taking month-long excursions around Africa. When Douglas Ivester stepped down as the $309 billion beverage giant’s CEO and chair at the turn of the century, he knew the continent of gold savannah, vast deserts and tropical rainforests was the first … Read more
Federal Reserve Chairman Jerome Powell speaks during a news conference following the September meeting of the Federal Open Market Committee at the William McChesney Martin Jr. Federal Reserve Board Building on September 18, 2024 in Washington, DC. Photo by Anna Moneymaker/Getty Images
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