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economics

  • economics

Chinese steel companies’ first-quarter profits halved, with a profit margin of only 0.58%

Jesse HanApril 30, 2024April 30, 20246 mins

In the current challenging economic environment in China, the net profits of steel enterprises continue to see significant declines. According…

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  • economics

Walmart: Plans to Close 51 Health Centers

David SessionsApril 30, 20244 mins

Retail giant Walmart announced on Tuesday that it will be closing all 51 of its health centers in five states…

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  • economics

Microsoft to Invest $1.7 Billion in Building Cloud Computing and AI Center in Indonesia

Nick LiApril 30, 20243 mins

Microsoft CEO Satya Nadella, currently visiting Indonesia, announced on Tuesday (April 30) that Microsoft will invest $1.7 billion in the…

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  • economics

Apple’s Removal from China: Video Shows Foxconn in Nanning Almost Becoming a Ghost Town

Nick LiApril 30, 2024April 30, 20245 mins

Amid escalating geopolitical tensions, Taiwanese contract manufacturers for American companies like Apple are moving their production lines out of mainland…

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  • economics

The Chinese Currency Depreciates Again, Facing $79 Billion Dividend Pressure

Lynn ModiseApril 30, 2024April 30, 20244 mins

The devalued Chinese yuan is now facing a dividend pressure of $79 billion. The peak payment period will occur from…

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  • economics

Slowdown in Growth of China’s Manufacturing and Service Sector Activities in April

Erin DohertyApril 30, 2024April 30, 20244 mins

On Tuesday, official data revealed that the growth rate of China’s manufacturing and service sector activities in April slowed down….

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  • economics

New York Long Island sees rampant “zero-dollar purchase”, retail theft increases by more than 20% annually.

Jesse HanApril 30, 20244 mins

In the past year, there has been a growing trend of retail theft in both Suffolk County and Nassau County…

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  • economics

Samsung Electronics’ first-quarter profit soars by 933%, exceeding expectations.

Erin DohertyApril 30, 20246 mins

Samsung Electronics, the world’s largest storage chip manufacturer, reported a significant 932.8% increase in profit for the first quarter ending…

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  • economics

Mainland Exporters Increase Holdings of US Dollars and Gold to Hedge Against Renminbi Depreciation

Bill SnyderApril 30, 2024April 30, 20247 mins

Facing the hopeless prospect of a rate cut by the Federal Reserve and a sluggish Chinese economy leading to the…

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  • economics

【Top Ten Estates】First-hand Continues to be the Focus, Agent Transactions Slightly Increase on Weekends

John UtApril 30, 20248 mins

Market continues to focus on new properties, while some second-hand properties see deeper price cuts (different agents have different observations,…

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