Vietnam’s economy experienced an acceleration in growth during the second quarter of this year, largely due to robust exports. The country’s Gross Domestic Product (GDP) expanded to 6.93% in the second quarter, marking a significant increase from the 5.87% growth recorded in the first quarter. This positive trend has been attributed to the government’s efforts
The recent ruling by U.S. District Judge Sean Jordan in Sherman, Texas, temporarily blocking a Biden administration rule that would extend mandatory overtime pay to 4 million salaried U.S. workers raises questions about the implications of the decision. The judge argued that the U.S. Department of Labor rule focused on workers’ wages rather than their
The Nasdaq and the S&P 500 reached record highs as an in-line inflation report was released, giving hope for potential interest rate cuts in September. The report indicated that U.S. monthly inflation remained unchanged in May, which was seen as a positive sign following earlier price increases that cast doubt on the Federal Reserve’s monetary
Global equity funds experienced a surge in inflows during the seven days leading to June 26. This influx, totaling $21.65 billion, was the highest recorded in more than three months. Investors are optimistic due to expectations of moderating U.S. inflation levels, which could prompt the Federal Reserve to announce interest rate cuts. The U.S. central
The GBP/USD pair has recently experienced a decline below the crucial 1.2670 support zone, signaling a shift towards a bearish trend. The pair faced resistance at the 1.2700 level, leading to a downward movement. Currently, there is a key bearish trend line forming with resistance at 1.2640, highlighting the potential for further downside in the
The S&P 500 futures saw an increase on Friday as traders awaited the release of crucial inflation data. The first half of the year has been particularly strong with the Nasdaq leading gains in June by a significant 6%. On the other hand, the S&P 500 and Dow also saw gains of over 3% and
The eurozone has been experiencing a lackluster economic performance in recent years. However, the latest data revealing a 0.3% quarterly growth in GDP suggests that the bloc is currently not in a technical recession. Despite this seemingly positive development, there is still a looming possibility of a recession later in the year, albeit minimal. The
In a recent exclusive interview with CNBC, George Zhao, the CEO of Chinese smartphone company Honor, highlighted the critical importance of protecting user data in the development and implementation of artificial intelligence technologies. Zhao emphasized that while AI has the potential to significantly transform various aspects of our lives, this potential can only be realized
The US Dollar (USD) is currently showing signs of strength as fresh buyers enter the market, pushing the USD Index (DXY) to a two-month high above the 106.00 mark. This bullish trend comes after a slight downfall inspired by softer US macro data the previous day. Traders are now eagerly awaiting the release of the
The recent rally of Chewy shares was triggered by a picture posted by Roaring Kitty, also known as Keith Gill, on social media platform X. The image, which resembled the logo of the online pet food retailer, caused the stock to surge by as much as 34% to $39.10. However, these gains were short-lived as
The US Personal Income and Outlays report is set to be released, and it is expected to play a crucial role in determining the prospects of a September Fed rate cut. Economists are predicting that the Core PCE Price Index will increase by 2.6% year-on-year, a slight decrease from the 2.8% reported in April. If
Recently, French drugmaker Servier faced a major setback in its legal battle against the European Union for deals made with rivals to delay the sales of generic versions of its popular blood pressure medicine perindopril. The European Commission imposed a hefty fine amounting to 331 million euros on Servier back in 2014, along with fines
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