The stock market experienced a sharp decline on Thursday, characterized by volatile trading patterns as investors anxiously awaited the release of the March jobs report. The Dow Jones Industrial Average plummeted by 530.16 points, marking a significant 1.35% decrease to close at 38,596.98, signaling the worst session since March 2023. Similarly, the S&P 500 and
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The Dow Jones Industrial Average experienced a significant drop for the second consecutive day, signaling a lackluster start to the quarter for Wall Street. This decline was primarily attributed to the increase in bond yields and the diminishing expectations of an interest rate cut by the Federal Reserve in June. The 30-stock Dow plummeted by
In March, China’s factory activity saw its most significant expansion in over a year, indicating a positive trend in the world’s second-largest economy. The Caixin/S&P Global China manufacturing purchasing managers’ index reached 51.1, the highest since February 2023, surpassing expectations of 51. This data confirms a parallel increase in another official survey of manufacturing activity,
In March, China’s manufacturing activity saw a notable improvement, breaking a six-month streak of contraction. The official Purchasing Managers’ Index (PMI) climbed to 50.8, surpassing expectations and marking the first time it has crossed the 50-threshold since last year. This uptick in the PMI indicates a shift towards growth and away from the stagnation that
A recent incident on the southern Lebanese border resulted in three United Nations military observers and a Lebanese interpreter being wounded after a shell exploded near them. The observers, part of the United Nations Truce Supervision Organization supporting the UN peacekeeping mission in southern Lebanon, were unarmed and in a vehicle marked with UN insignia.
Thailand’s government is currently mulling over the idea of introducing a casino bill that, if approved by parliament, could potentially lead to the development of a mega entertainment project. The Prime Minister, Srettha Thavisin, believes that such a move would not only create more job opportunities but also boost the state revenue. However, the issue
Chinese President Xi Jinping reaffirmed the unstoppable nature of China’s scientific and technological progress during a meeting with Dutch Prime Minister Mark Rutte in Beijing. Xi emphasized that the Chinese people have legitimate development rights and that no external force can impede China’s advancement in the tech industry. This statement comes amidst growing tensions between
The devastating collapse of the Francis Scott Key Bridge in Baltimore has sent shockwaves through the auto industry, prompting carmakers to assess the impact on their operations. This closure of the busiest U.S. auto port has raised concerns about potential disruptions to the supply chain. While many companies do not expect major disruptions at this
In a recent report by management consultancy Bain & Company, it was highlighted that the total value of private equity deals in Asia Pacific experienced a significant decline last year, dropping to its lowest level since 2014. This decrease in value can be attributed to a variety of factors including slowing growth, high interest rates,
During the recent Palm Sunday Mass in St. Peter’s Square, Pope Francis surprised everyone by deciding to skip his homily at the last minute. This unexpected move raised concerns about his increasingly frail health as he navigates a busy Holy Week schedule. Despite being expected to deliver a homily halfway through the service, the 87-year-old