The stock market experienced a significant downturn on Thursday as investors reacted to various economic factors. The Dow Jones Industrial Average plummeted by 530.16 points, marking its worst session since March 2023. The S&P 500 and Nasdaq Composite also saw declines of 1.23% and 1.40% respectively. These losses were attributed to concerns over the Federal
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Hungarian Prime Minister Viktor Orban, a long-time ally of former U.S. President Donald Trump and a key supporter of Russian President Vladimir Putin within the European Union, is facing significant political challenges ahead of European parliamentary elections in June. Orban, who has been in power since 2010 and is the EU’s longest-serving head of state,
The Dow Jones Industrial Average saw a second day of declines, marking a lackluster start to the quarter for Wall Street. Bond yields increased, leading traders to lower their expectations for a potential Federal Reserve interest rate cut in June. The 30-stock Dow fell by 420 points, or 1.1%, with the benchmark dropping even more
In March 2024, China’s factory activity experienced a significant upturn, marking its strongest pace in over a year. According to the Caixin/S&P Global China manufacturing purchasing managers’ index, the reading reached 51.1, the highest since February 2023. This substantial growth comes after February’s index of 50.9, surpassing economists’ expectations of 51. The positive trend in
China’s manufacturing sector saw a significant improvement in March, with the official purchasing managers’ index (PMI) rising to 50.8. This marked the first expansion in six months, providing some relief to policymakers amidst a challenging economic environment. The growth, though modest, exceeded expectations and signaled a positive trend in the sector. While the manufacturing sector
On a routine patrol along the southern Lebanese border, three United Nations military observers and a Lebanese interpreter were wounded in an explosion near them. The incident occurred amidst escalating clashes between the Israeli military and Hezbollah militants, raising concerns about the potential for a full-scale war. The military observers in question are part of
Thailand’s Prime Minister Srettha Thavisin recently announced that the government is contemplating the drafting of a casino bill that could lead to significant economic growth. He believes that legalizing casinos in the country could create more job opportunities, boost state revenue, and pave the way for the development of a large entertainment project. Despite the
Chinese President Xi Jinping, in a meeting with Dutch Prime Minister Mark Rutte, emphasized that China’s scientific and technological progress cannot be halted by any external force. This statement reflects China’s determination to advance its semiconductor industry and assert its position in the global economy. The relations between China and the Netherlands have faced challenges,
The recent bridge collapse in Baltimore has caused carmakers to reassess their operations following the closure of the busiest auto port in the United States. The unfortunate incident occurred when a cargo ship collided with the Francis Scott Key Bridge, resulting in its collapse into the water. Tragically, six individuals who were working on the
The recent surge in the share price of Donald Trump’s social media company, Trump Media & Technology Group, seemed promising as it jumped by more than 50% minutes after going public under the ticker DJT. This rapid increase in share price may have sparked excitement among investors, but it is important to note that trading
