The stock market experienced a significant decline on Thursday as investors grappled with uncertainties surrounding the March jobs report. Factors such as a sudden spike in oil prices and concerns regarding the Federal Reserve’s stance on interest rate cuts contributed to the negative sentiment among traders. The Dow Jones Industrial Average was particularly hard hit,
World
In the midst of preparations for the European parliamentary elections in June, Hungarian Prime Minister Viktor Orban finds himself embroiled in political turmoil. His ruling party has been hit by two major scandals within a short span of six weeks, shaking the political landscape in Budapest. Orban, a longtime ally of former U.S. President Donald
The recent decline in the Dow Jones Industrial Average for the second consecutive day has raised concerns about the overall performance of the stock market in the current quarter. The 30-stock Dow plummeted by 420 points, amounting to a 1.1% decrease, with the benchmark reaching a low of over 500 points. The S&P 500 also
China’s manufacturing sector experienced a significant boost in March, with the Caixin/S&P Global China manufacturing purchasing managers’ index hitting 51.1. This marks the strongest pace of expansion in over a year, indicating signs of stabilizing growth in the world’s second-largest economy. The reading exceeded economists’ expectations and follows a positive trend in recent months. Encouraging
In March, China’s manufacturing activity experienced a significant expansion, marking the first growth in six months, according to an official factory survey. The official purchasing managers’ index (PMI) rose to 50.8 from 49.1 in February, surpassing expectations. This increase is a positive sign for policymakers, hinting at a potential recovery despite the ongoing challenges faced
A recent incident in southern Lebanon involving three United Nations military observers and a Lebanese interpreter being wounded while on patrol near the border has raised concerns about the escalation of violence in the region. The observers, who are part of the United Nations Truce Supervision Organization, were in stable condition following the incident. This
Thailand’s Prime Minister, Srettha Thavisin, recently announced that the government is contemplating the introduction of a casino bill that could have significant implications for the country. The passing of such a bill by parliament could potentially lead to the creation of more jobs, increased state revenue, and the development of a large-scale entertainment project. While
Chinese President Xi Jinping emphasized the unstoppable nature of China’s technological progress during a meeting with Dutch Prime Minister Mark Rutte. Xi highlighted the legitimate development rights of the Chinese people, stating that no force can impede China’s scientific and technological advancements. This determination to push forward in the tech sector is crucial for China’s
The recent Baltimore bridge collapse has sent shockwaves through the automotive industry, prompting carmakers to carefully assess their operations. The closure of the busiest U.S. auto port has far-reaching implications, with logistics companies scrambling to make arrangements to ensure the smooth transit of imports and exports. Carmakers like Mercedes-Benz USA and Volkswagen Group of America
Donald Trump’s foray into the social media landscape with the Trump Media & Technology Group made headlines as their share price soared by more than 50% within minutes of trading under the ticker DJT. The volatility of the stock even led to a brief halt in trading, showcasing the high level of interest and speculation