The U.S. Federal Reserve has made it clear that they are not in a rush to lower interest rates, citing the strong performance of the U.S. labor market as one of the key reasons for their caution. Economists are now suggesting that a rate cut in the summer might be completely off the table, especially
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The recent meeting between U.S. Treasury Secretary Janet Yellen and Chinese Premier Li Qiang highlighted the importance of open and constructive communication between the two economic superpowers. Yellen emphasized the need for difficult conversations and mutual respect in order to navigate the complexities of the bilateral relationship. While acknowledging the differences and challenges that exist,
The recent comments made by U.S. Treasury Secretary Janet Yellen regarding China’s excess manufacturing capacity have sparked a heated response from Chinese state media. These comments have been labeled as an attempt to revive the “China threat” narrative and set the stage for more protectionist policies by the U.S. Undermining China’s Growth and Cooperation According
Samsung Electronics has revealed that it is expecting a massive 931% increase in its first quarter operating profit. The company expects the operating profit in the January-March quarter to have risen to 6.6 trillion Korean won ($4.89 billion), a significant surge from the previous year. This news comes as chip prices rebound, indicating a positive
Stocks took a hit on Thursday amidst a volatile trading session as investors braced themselves for the upcoming March jobs report. With a spike in oil prices and concerns over potential hold-offs on interest rate cuts by the Federal Reserve, the mood among investors soured. The Dow Jones Industrial Average plunged by 530.16 points, or
The Hungarian Prime Minister, Viktor Orban, is facing a political storm as he gears up for the European parliamentary elections in June. Known as a close ally of former U.S. President Donald Trump and a staunch supporter of Russian President Vladimir Putin, Orban has been dominating the political landscape in Hungary since 2010. However, recent
The recent decline in the Dow Jones Industrial Average for the second consecutive day has highlighted the ongoing lackluster performance of Wall Street in the current quarter. This drop came as bond yields surged and traders adjusted their expectations regarding a potential interest rate cut by the Federal Reserve in June. The 30-stock Dow experienced
In March, China’s factory activity experienced its strongest expansion in over a year according to a private survey conducted by Caixin/S&P Global. The manufacturing purchasing managers’ index reached 51.1, the highest level since February 2023, surpassing economists’ expectations. This positive growth in factory activity indicates a stabilizing trend in the world’s second-largest economy. China’s National
In March, China’s manufacturing sector demonstrated a ray of hope by expanding for the first time in six months, as per an official factory survey. The official Purchasing Managers’ Index (PMI) for the country rose to 50.8 in March from 49.1 in February, surpassing expectations. This uptick in manufacturing activity is a positive sign, indicating
A recent incident at the southern Lebanese border has left three United Nations military observers and a Lebanese interpreter wounded after a shell exploded near them. The observers are part of the United Nations Truce Supervision Organization, which supports the UN peacekeeping mission in southern Lebanon, UNIFIL. The wounded individuals are reported to be in