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
World
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
Thailand’s Prime Minister, Srettha Thavisin, has recently announced that the government is contemplating the idea of legalizing casinos in the country. This move, if approved by parliament, is expected to bring about numerous advantages to the nation. Among the key benefits highlighted by the Prime Minister are the creation of new employment opportunities, increased state
Chinese President Xi Jinping emphasized during a meeting with Dutch Prime Minister Mark Rutte that China’s technological progress cannot be hindered. Xi made it clear that the Chinese people have legitimate development rights and that no force can impede China’s scientific and technological advancements. The strained relations between China and the Netherlands were highlighted during
The recent Baltimore bridge collapse has caused carmakers to reevaluate their operations due to the closure of the busiest auto port in the U.S. The collapse of the Francis Scott Key Bridge, which occurred after a cargo ship hit it, has resulted in the presumed death of six workers who were on the bridge at
The initial trading of Donald Trump’s social media company under the ticker DJT saw a surge of more than 50% in the share price shortly after going public. The trading session was temporarily halted due to the high volatility, but it eventually resumed. This spike in share price highlights the investor interest and excitement surrounding