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
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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
The private equity market in Asia Pacific experienced a significant decline in 2023, with the total value of deals falling to its lowest level since 2014. According to a report by Bain & Company, the region saw a drop in fundraising to a 10-year low amidst slowing growth, high interest rates, and volatile public markets.
Pope Francis made a surprising decision to skip his homily during the Palm Sunday Mass in St. Peter’s Square. This move came at the last minute, raising concerns about his health as he enters a busy Holy Week. The 87-year-old pontiff, known for his frail health due to bad knees and respiratory issues, chose not