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The CME Fedwatch tool reported a significant decrease in the expectations for a June rate cut by the Federal Reserve. Traders are now pricing in only a 17.5% chance of a 25 basis point rate cut, a sharp decline from the 61.1% probability last week. On the other hand, the likelihood of a rate hold
China’s commercial property sector is experiencing a mix of demand amidst an overall downturn in the real estate market. In Beijing, prime retail rents are on the rise, marking the fastest increase since 2019, as reported by property consultancy JLL. The first quarter of this year saw a 1.3% jump in rents compared to the
Microsoft is gearing up to introduce innovative artificial intelligence tools for both PCs and cloud services at its annual Build conference. The company’s focus on AI integration in everyday technology is evident in its upcoming plans for the event, as outlined in a recent session list. One of the key objectives for Microsoft at the
John Slattery, the chief commercial officer of GE Aerospace, has announced his decision to step down from the jet engine maker in June. Despite his departure from this role, Slattery will remain an adviser to the company. This transition comes as part of CEO Larry Culp’s restructuring efforts within the organization. Slattery, an Irish-born industry
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Alibaba, the Chinese technology giant, has faced a tumultuous past year filled with external and internal doubts and pressures. The company underwent a historic overhaul and significant management changes in an effort to reinvigorate growth and adapt to the changing landscape of the industry. Despite the challenges, founder Jack Ma commended the resilience and courage
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Nvidia, a major player in the chipmaking industry, has recently experienced a significant drop in its stock price, entering what is known as “correction territory.” This decline comes after a period of impressive financial performance driven by the demand for its GPUs in artificial intelligence applications. The drop in Nvidia’s stock price can be attributed
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China’s Taiwan Affairs Office has strongly criticized the remarks made by U.S. Deputy Secretary of State Kurt Campbell regarding the AUKUS submarine project. The spokesperson for the Taiwan Affairs Office, Zhu Fenglian, described Campbell’s comments as “very dangerous” during a weekly press conference. Zhu Fenglian asserted that the trilateral security partnership between the United States,
Toyota Motor has recently unveiled the new 2025 4Runner SUV, marking the first redesign of this iconic vehicle in nearly 15 years. The new model showcases a fresh and modern look, drawing inspiration from the recently redesigned Toyota Tacoma pickup. In addition to its updated appearance, the 2025 4Runner will also be available with a
The entertainment world is abuzz with the release of the first trailer for Joker: Folie à Deux, the much-anticipated sequel to the 2019 blockbuster. This time, Joaquin Phoenix reprises his award-winning role as the Joker, with Lady Gaga joining the cast as Harley Quinn. The trailer, unveiled at CinemaCon in Las Vegas, gives a glimpse
The e-commerce giant Alibaba Group’s shares surged in Hong Kong following Chinese media reports that Jack Ma endorsed the firm’s current leadership in an internal memo. This endorsement from Jack Ma, one of the co-founders of Alibaba, helped boost investor confidence and led to a 5.4% rally in the company’s shares to HK$74.25 – its