As economists forecast, the S&P Global Services PMI is expected to increase slightly from 54.8 to 54.9 in April. This slight uptick in the PMI could potentially shift investor expectations regarding future Fed interest rate cuts in 2024. However, it is crucial for investors to delve deeper into the sub-components of the PMI, such as
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In response to the increasing military pressures from China, Taiwan’s defense ministry has recently emphasized the importance of utilizing the funding allocated for the island in a $95 billion legislative package. This funding package primarily focuses on providing security assistance to Ukraine and Israel. Despite the absence of formal diplomatic ties, the United States remains
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In a recent interview on CNBC’s “ETF Edge,” VanEck CEO Jan van Eck emphasized the importance of considering commodities in investment portfolios. According to van Eck, there has been a significant “big change” in the global economy, particularly with the resurgence of international expansion. China, the world’s second-largest economy, is identified as a key contributor
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The Republican-controlled U.S. House of Representatives is gearing up to vote on a $95 billion legislative package that provides security assistance to Ukraine, Israel, and Taiwan. This move has sparked bitter objections from party hardliners, creating a rift within the Republican Party. Despite objections from some hardline Republican members, House Speaker Mike Johnson has decided
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