The ongoing debate about the potential 50 basis point rate cut by the U.S. Federal Reserve has sparked conflicting opinions among experts. While some, like Michael Yoshikami, CEO of Destination Wealth Management, advocate for a larger rate cut to demonstrate the central bank’s readiness to support job growth, others, such as economist George Lagarias, caution
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The recent shooting incident at the Allenby Bridge Crossing between the West Bank and Jordan has once again highlighted the ongoing tensions in the region. Three Israeli civilians lost their lives in what appeared to be an attack linked to the conflict in Gaza. The assailant, who was killed by Israeli security forces, approached the
CIA Director William Burns expressed his concerns about the real risk of Russia using nuclear weapons on the battlefield against Ukraine in the fall of 2022. He mentioned that there was a moment when the potential use of tactical nuclear weapons was a genuine threat. However, Burns emphasized that the West should not be intimidated
The Dutch government recently made an announcement regarding the expansion of export restrictions on advanced semiconductor manufacturing equipment. This decision brings more machines from ASML under curbs, requiring companies to apply for a license to export their gear out of the country. These new restrictions are seen as a national security requirement by the Netherlands,
In a recent interview with CNBC, Qualcomm CEO Cristiano Amon revealed that the chip designer is collaborating with Samsung and Google to develop a set of mixed-reality glasses that will be connected to smartphones. This initiative sets them apart from Apple, which recently introduced a larger headset for mixed reality experiences. The goal of this
The Asia-Pacific markets witnessed a significant plunge on Wednesday, with Japan’s Nikkei 225 leading the losses by dropping 3.19%. This was accompanied by a 2.79% decline in the broad-based Topix index. The downfall was attributed to the sell-off in U.S. tech stocks and concerns sparked by weak U.S. economic data. Semiconductor-related stocks bore the brunt
China’s housing market continues to face challenges as government stimulus measures have failed to provide the necessary support. Despite efforts to stabilize the sector, home prices are showing no signs of recovery. According to Haibin Zhu, chief China economist at JPMorgan, the housing market crash is far from over, with no expectation of stabilization until
The Asia-Pacific markets experienced a mixed day on Monday as investors digested China’s business activity numbers released over the weekend. China’s official purchasing managers’ index data for August showed a decline in the manufacturing PMI to a six-month low of 49.1, indicating a faster contraction compared to the previous month. This missed the forecast from
Japan has recently lodged a protest with China after one of its naval survey vessels trespassed into Japanese waters. This incident marks the second time in less than a week that the Chinese military has encroached upon Japanese territory. In light of increased Chinese military activity near Japan and Taiwan, concerns in Tokyo have been
Historically, September has proven to be a challenging month for Apple in terms of stock performance. Over the past 10 years, Apple shares have experienced an average loss of 3.5% during the month of September. This decline comes after solid gains in July (6.5%) and August (4.8%). Despite gaining 3.1% in August of this year