The employment cost, specifically wages, is expected to increase by 0.9% quarter-on-quarter in Q1 2024. This potential rise in wages could have significant implications on investor expectations of a September Fed rate cut. Higher wages may lead to increased disposable income and consumer spending, potentially impacting inflation rates. However, it is important to note that
Sales
Discover how to maximize your online earnings through software development and sales. Learn how to choose a profitable niche, master software development, build a reliable development environment, create high-quality software products, and implement effective monetization strategies. Market and promote your software, leverage affiliate and partnership programs, provide excellent customer support, and continuously evolve and innovate. Unleash the earning power of software development and turn your ideas into profit.
The latest data from the National Bureau of Statistics (NBS) in China revealed that industrial profits in the first quarter experienced a smaller increase compared to the first two months of the year. The profits of China’s industrial firms only rose by 4.3% year-on-year, which is significantly slower than the 10.2% growth recorded in the
Chinese electric car startup Nio, known for its premium offerings, is now venturing into the lower-priced segment of the market. In an attempt to compete with Tesla’s Model Y, Nio plans to release a mass-market SUV that is more affordable. This move marks a significant shift from Nio’s initial focus on luxury vehicles costing around
Xiaomi, the Chinese smartphone company, has seen overwhelming success with its new electric vehicle, the SU7 sedan. With over 70,000 orders received as of April 20, the company is well on its way to achieving its goal of delivering 100,000 units this year. This comes as a surprise, considering the SU7 is priced $4,000 lower
The Indian Rupee (INR) faced some challenges on Wednesday as a result of increased demand for the US Dollar (USD) and the belief that the US Federal Reserve won’t be cutting interest rates anytime soon. However, despite these setbacks, the INR managed to hold its ground due to positive signals from the local stock market
As U.S. stocks were poised to open higher on a particular day, there was significant upward movement in some growth and chip stocks. Notably, megacap tech stocks such as Meta Platforms, Microsoft, and Amazon.com showed gains ranging from 0.5% to 1.3% in premarket trading. Additionally, chip stocks like Nvidia, Micron Technology, and Advanced Micro Devices
As the Research Team continues to monitor various economic indicators such as the 2-year and 10-year UST yields, the US Dollar Index, and energy markets, it is essential to recognize the significance of these metrics in assessing market trends. The upcoming release of the US GDP Advance estimate and the PCE Price Index will provide
Taiwan Semiconductor Manufacturing Company (TSMC) exceeded revenue and profit expectations in the first quarter of this year, thanks to the strong demand for advanced chips, especially those used in AI applications. The net revenue reported was 592.64 billion New Taiwan dollars ($18.87 billion), surpassing the expected NT$582.94 billion. Moreover, the net income was NT$225.49 billion,
Following the Bank of Japan’s decision to exit negative interest rates, the USD/JPY exchange rate experienced a significant decline to the 154 handle. This move was largely influenced by the forward guidance provided by the BoJ, which signaled the implementation of accommodative policy measures. While this decision may have bolstered buyer demand for the Japanese
The NZD/USD pair has been on a downward trend, reaching levels near 0.5880 during the Asian trading session. This decline can be attributed to investors seeking safe-haven assets like the US Dollar amid escalating tensions in the Middle East. Traders are closely monitoring Israel’s response to Iran’s recent airstrike, which has added to the cautious
The forecasts for industrial production and retail sales in China are indicating weaker trends. Economists are expecting retail sales to increase by 4.5% year-on-year in March, following a 5.5% rise in February. Similarly, industrial production is predicted to grow by 5.4% year-on-year in March, after a 7.0% increase in February. These numbers hold significant importance