Month: January 2024
China Caixin PMI Signals Steady Manufacturing Sector Growth
A private gauge of China’s factory activity showed steady expansion in the sector in January, contrasting with the official index, which remained mired in contractionary territory.
Read MoreAustralia Bond-Market Rally Reflects June Rate-Cut Hopes
Australian government bonds have rallied around 14 basis points in the five-year part of the yield curve and 13 basis points for the 10-year region since news Wednesday of lower-than-expected 4Q CPI.
Read MoreAlec Baldwin pleads not guilty to involuntary manslaughter in fatal film set shooting
A grand jury in Santa Fe indicted Baldwin in January after prosecutors received a new analysis of a gun the actor pointed at cinematographer Halyna Hutchins during rehearsal for the film Rust. (Image credit: Seth Wenig/AP)
Read MoreAsian Currencies Mixed; May Be Weighed by Fading Near-Term Fed Rate-Cut Hopes
Asian currencies were mixed against the dollar in early trade. Fed Chair Powell’s pushback on March rate-cut prospects is proving to be a vital takeaway from Wednesday’s FOMC meeting, Westpac Strategy Group said.
Read MoreSenators Denounce Tech Companies Over Child Sex Abuse Online
Senators criticized the chief executives of Meta, TikTok, Snap, X and Discord for not doing enough to prevent child sexual abuse online, amid rising fears over how the platforms affect youths.
Read MoreGold Edges Higher, Supported by Lingering Fed Rate-Cut Hopes
Gold edged higher in the Asian morning session, supported by lingering hopes for Fed interest-rate cuts, which would increase the appeal of the non-interest-bearing precious metal.
Read MoreHouse Passes Tax Cuts for Businesses, Low-Income Families
If the Senate agrees, the bill would also stop new claims for the pandemic-era employee-retention tax credit.
Read MoreBeing the Boss Is Hazardous to Your Health
Migraines, ulcers, panic attacks and even premature death can afflict CEOs. People want the top jobs anyway.
Read MoreChinese Shares Open Lower; Manufacturing Activity Remains a Drag
Chinese shares opened lower after China’s official purchasing managers index for January reported Wednesday signaled a contraction in the manufacturing sector.
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