Reported 6 months ago
China's manufacturing sector experienced a surge in May, with the Caixin PMI reaching its highest level in about two years at 51.7, driven by production and new orders, particularly in smaller firms. The upbeat data contrasts with the official PMI survey, indicating a divergent economic recovery for the country. Despite increased infrastructure investment and high-tech manufacturing support, the full impact of these measures on businesses and workers is yet to be realized. The outlook for China's trade remains uncertain due to a subdued global economy, with new export orders growing at a slower pace in May. Employment in the sector remained weak, although the rate of job losses slowed, with some consumer goods makers reporting a slight increase in staffing levels.
Source: YAHOO
Reported 6 months ago
Retired US Army Lt. Gen. Mark Hertling, an experienced professional who served on the Abrams tank, responded to Ukrainian soldiers’ concerns about the underperformance of US-supplied Abrams tanks in the field in an article on CNN.
Source: YAHOO
Reported 6 months ago
Fox News contributor Guy Benson stated that the WNBA has historically been a failure financially, but the league would be making a mistake not to protect the popularity and marketability of star player Caitlin Clark, who has brought record buzz to women's basketball. Former ESPN host Jemele Hill raised concerns about Clark's presence impacting the worth and marketability of other players in the league based on her race and sexuality. Additionally, there have been on-court incidents involving Clark, prompting calls for increased fines to prevent such actions against the rookie player. Despite the controversies, Clark's talent and impact on inspiring young female basketball players were also highlighted.
Source: YAHOO
Reported 6 months ago
A 65-year-old individual is contemplating using their Roth IRA for a $30,000 home improvement project while having strong financial stability. Although their primary concern is minimizing the tax impact, financial advisors suggest considering the long-term implications of withdrawals from different accounts before deciding. While there may be no immediate tax implications for a Roth IRA withdrawal post-age 59 ½, analyzing the current and future tax situation, including capital gains taxes and retirement income sources, is crucial. Considering tax rates, strategies like tax-loss harvesting or gifting appreciated securities to charity may be beneficial. Ultimately, the decision should align with overall financial goals and be advised by a professional to optimize results.
Source: YAHOO
Reported 6 months ago
Caitlin Clark scored only three points in the game on Sunday, marking her worst performance in terms of scoring in her young WNBA career, as the New York Liberty defeated the Indiana Fever 104-68. Despite the Fever's effort to narrow the deficit in the third quarter, the Liberty maintained a double-digit lead for most of the game. This victory marked the Liberty's third win over Indiana this season by an average margin of 27.6 points, highlighting the team's dominance.
Source: YAHOO
Reported 6 months ago
Simone Biles won her record 9th all-around title at the U.S. championships in Fort Worth, Texas, securing her spot in the U.S. Olympic Trials for the upcoming 2024 Paris Olympics. Biles dominated the competition, winning gold on all four apparatuses and finishing with an all-around score of 119.750. This victory comes after her successful performance at the U.S. Classic last month. Biles' exceptional skills and comeback after the challenges faced in the 2020 Tokyo Olympics make her a highly anticipated athlete for the upcoming Olympics in Paris.
Source: YAHOO
Reported 6 months ago
The dollar remained stable on Monday as investors considered the possibility of the Federal Reserve cutting rates in 2024 due to easing U.S. inflation, while the euro was steady before an anticipated rate cut by the European Central Bank. Emerging market currencies like the Indian rupee and Mexican peso strengthened following election results. Market focus is on the ECB rate decision and the Mexican election, with expectations of U.S. rate cuts and upcoming economic data influencing market sentiment. The dollar index was up, while the euro and sterling were slightly lower, with attention on the ECB meeting and U.S. labor market data. Traders are watching for further rate cuts from the ECB and assessing the impact of recent economic data on central bank decisions.
Source: YAHOO
Reported 6 months ago
Australia's independent wage-setting body has increased the national minimum wage by 3.75%, bringing it to A$24.10 per hour starting July 1. This adjustment will provide about 2.6 million employees with an extra A$33 per week, aiming to help families cope with rising living costs. The Fair Work Commission noted that low-income workers are particularly affected by cost-of-living pressures, leading to this wage hike in line with inflation. The decision was made considering that labor productivity has not significantly improved over the past four years, despite lower inflation rates compared to the previous year. Australian consumer price inflation reached 3.6% annually in April, raising concerns about potential interest rate hikes in the future.
Source: YAHOO
Reported 6 months ago
"Furiosa: A Mad Max Saga" maintained its lead at the South Korea weekend box office for the second week, while the local crime drama "The Plot" was the highest new release. The total weekend revenues in Korean cinemas were $8.91 million, with "Furiosa" earning $2.24 million and "The Plot" earning $1.39 million over the weekend. The post-COVID recovery in the Korean cinema industry remains slow and incomplete, with a 65% market share for Korean movies in 2024 so far.
Source: YAHOO
Reported 6 months ago
Source: BARRONS
Reported 6 months ago
Indonesian builder PT Lippo Karawaci plans to repurchase its dollar bonds, with its unit Theta Capital Pte. Ltd. buying back up to $432 million of bonds via a tender offer expiring on Monday. The move aims to reduce the company's debt and boost bondholders' confidence. The company has offered to pay at least $965 for every $1,000 of principal amount of the notes due in 2025 and a minimum of $895 for those due in 2026. This buyback could alleviate immediate pressure on Lippo, but challenges to raise funds to meet liabilities persist, as highlighted by analysts and ratings agencies.
Source: YAHOO
Reported 6 months ago
The New York Liberty dominated the Indiana Fever 104-68, holding Caitlin Clark to a season-low 3 points. Clark struggled with just one basket on 1-for-10 shooting, while Betnijah Laney-Hamilton scored 20 points for the Liberty. Despite an awkward fall by Aliyah Boston, the Liberty cruised to victory with unselfish play and a strong defensive effort. The Fever, playing the second game of a back-to-back, struggled with fatigue as the Liberty capitalized on their tired legs. Next, the Fever will face Washington, while the Liberty will have a rematch against Chicago.
Source: YAHOO
Reported 6 months ago
Kyle Busch dropped out of a NASCAR Cup playoff spot after finishing 35th following an incident with Kyle Larson at the World Wide Technology Raceway. Larson spun Busch into the wall during the race, causing Busch's winless streak to extend to 36 races. Despite Larson's statement that every point is crucial, Busch expressed frustration over losing valuable points due to the incident. Austin Cindric won the race and secured a playoff spot, with Larson currently ineligible due to lack of playoff points or a granted playoff waiver by NASCAR.
Source: YAHOO
Reported 6 months ago
Investors are anticipating a victory by ruling party candidate Claudia Sheinbaum in Mexico’s upcoming presidential election, but surprises in congressional races could impact volatility in Mexican assets. A potential two-thirds majority for the leftist party in Congress could raise concerns about increased state intervention in the economy, while a strong showing by the opposition backing Xochitl Galvez could boost Mexican assets. Key assets to watch include the peso, Pemex bonds, and equities like Alsea and Grupo Mexico, with potential reactions ranging from rallies to losses based on the election outcomes.
Source: YAHOO
Reported 6 months ago
Indian stocks hit a record high, and the rupee strengthened as exit polls suggested a significant victory for Prime Minister Narendra Modi’s ruling party in the general elections. The NSE Nifty 50 Index surged 3.3%, reflecting investor optimism in Modi's policies to boost economic growth. The projected victory, coupled with recent ratings upgrades, could reverse over $3 billion in global fund withdrawals from Indian shares. Modi's perceived market-friendly stance and expectations for increased capital spending drove the rally, with state-run companies and infrastructure-linked firms particularly benefiting.
Source: YAHOO
Reported 6 months ago
Sally Buzbee, the first female executive editor of the Washington Post, has resigned from her position, as reported by Reuters. She will be succeeded by Matt Murray, former Editor in Chief of the Wall Street Journal, until the November 2024 presidential election, after which Robert Winnett from the Telegraph Media Group will take over as editor of the newspaper.
Source: YAHOO
Reported 6 months ago
Simone Biles secured her ninth U.S. all-around title and clinched all five individual event titles at nationals, enhancing her path to her third Olympics in Paris. Biles dominated the Xfinity U.S. Championships with a substantial 5.9-point lead over Skye Blakely, showcasing her exceptional skill and experience. This victory marks a significant milestone for Biles as she prepares for the upcoming Olympic Trials in Minneapolis to secure her spot for the Paris Games.
Source: YAHOO
Reported 6 months ago
A former executive from Goldman Sachs Group Inc. in Japan is set to join Yunfeng Capital, a private equity firm backed by Jack Ma, to oversee real estate investments in Tokyo with a focus on investing 100 billion yen ($636 million) in higher-return value-add and opportunistic property deals. Yunfeng Capital, co-founded by Ma and David Yu, has previously invested in companies such as Wuxi Diagnostic Investment (Cayman) Ltd. and Nayuki Holdings Ltd. The move comes as Japan's real estate market attracts overseas investors due to the weak yen and low borrowing rates, with Ma himself spending time in Japan recently and serving as a guest lecturer at a University of Tokyo research institute.
Source: YAHOO
Reported 6 months ago
European stocks and government bond yields rallied on Monday in anticipation of an interest rate cut from the European Central Bank (ECB), with the pan-European STOXX index up 0.6% and U.S. stock futures also rising. The focus was on the ECB, expected to cut rates to 3.75% on Thursday, potentially being the first major central bank to do so this cycle. However, strong euro zone inflation data last week tempered expectations for aggressive rate cuts, with markets pricing in two 25-basis point cuts and less than a 50% chance of a third. Additionally, positive Chinese factory activity data and stable U.S. inflation figures contributed to the optimistic market sentiment.
Source: YAHOO
Reported 6 months ago
KKR & Co.正考慮進入日本私人信貸市場，提供對抗銀行貸款的替代方案。KKR Japan的負責人Hiro Hirano表示，這將是一項中長期計劃，特別是針對日本境內銀行主導的貸款市場。此外，KKR還計劃擴大針對日本機構投資者和高資產個人的產品，包括與國內證券公司合作提供個人投資者產品，以及為機構投資者提供更廣泛的基金訪問。此外，根據那位先生的說法，KKR向日本人壽保險公司購買保險單，可能使用日圓的私人信貸投資作為一種投資工具。
Source: YAHOO
Reported 6 months ago
雅虎體育提到2024年NBA總冠軍賽，指出達拉斯小牛隊的主教練基德帶領球隊進入總冠軍賽，雖然許多人不看好他們，但基德仍讓球隊相信他們是弱者。儘管大家認為基德的工作岌岌可危，但他展現出建立冠軍組織不是一夜之間的事情。球隊的表現令人驚艷，但基德仍希望球員們保持弱者心態。他樂觀其成地說：「我們喜歡擔任韋犬角色，因為我們必須如此。波士頓以前有過經驗。我們只是一群人被湊在一起，將在操場上比賽。看到這個團隊在短時間內匯聚和信任是一件很酷的事情。」
Source: YAHOO
Reported 6 months ago
根據S&P Global的私人部門調查，南韓的工廠活動在五月份擴張速度兩年來最快，得益於較強的產量和訂單增長，全球需求擴大。南韓的製造業採購經理指數（PMI）在季節性調整後由四月份的49.4上升至五月份的51.6，是自2022年五月以來最高的水平，連續兩個月低於50點的擴張與萎縮界限後首次升至50以上。產出增長速度是自2021年7月以來最快，新訂單由於新產品推出、出口增長和內需客戶需求增加而大幅增長。新出口訂單連續第五個月增長，製造商在歐洲至北美及南美，還有中國、日本和越南等亞洲市場實現銷售增長。南韓的出口自十月開始增長，為以貿易為主的經濟在五月份的衝擊提供了最大的助推。
Source: YAHOO
Reported 6 months ago
Oil prices plummeted by $3 a barrel, hitting their lowest level in nearly four months as concerns over a potential increase in supplies later in the year outweighed the benefits of OPEC+ extending production cuts. Both Brent and U.S. crude futures closed at near four-month lows, with analysts warning of bearish impacts on oil prices due to the unwinding of voluntary cuts by OPEC+ members and rising output from non-OPEC producers. Weak demand growth, disappointing economic indicators, and efforts to replenish the U.S. Strategic Petroleum Reserve also influenced market sentiment.
Source: YAHOO
Reported 6 months ago
根據彭博新聞社報導，日本五月份的工廠活動出現一年來首次擴張，根據私人部門調查顯示，但整體增長趨勢尚屬溫和，需求仍然疲弱，而日圓貶值使一些生產廠家對進口商品價格提高成本。五月份的最終au Jibun Bank日本製造業採購經理人指數（PMI）從四月份的49.6上升至50.4，自2023年五月以來首次爬升超過50.0的閾值，該閾值將活動分為增長和萎縮兩部分。製造商們對前景感到樂觀，他們也希望汽車和半導體行業能夠復甦。
Source: YAHOO
Reported 6 months ago
The 2024 NBA Finals spotlight Luka Dončić as the standout player for the Dallas Mavericks, emphasizing the impact of having the best player in determining series outcomes. Despite the Boston Celtics' superior regular-season performance, including 14 more wins, Dončić's statistics and performance indicate his significant influence on the series. Historical data show that the team with the best player often succeeds in winning championships, emphasizing the importance of individual player performance in NBA Finals' results.
Source: YAHOO