Amazon says distraction of Olympics, Trump assassination attempt contributed to weak forecast
Amazon is pointing to an unusually busy news cycle as one of the drivers behind its weak revenue forecast.
Wellness asian news
Stocks sell off as U.S. data sparks worry and yields plunge
NEW YORK/LONDON (Reuters) -- Global equities dropped on Thursday, with Wall Street's major indexes selling off as U.S. data sparked economic worries about and financial stocks in Europe saw their biggest one-day rout since March 2023.
10-year Treasury yield falls below 4% for the first time since February
Treasury yields fell Thursday as investors digested comments from Federal Reserve Chair Jerome Powell, who suggested a September rate cut was on the table, along with a jump in U.S. jobless claims.
Fed recap: Chair Powell gives the September rate cut signal traders were hoping for
The Federal Reserve kept its key interest rate at 5.25% to 5.5%, citing "some further progress" toward its 2% inflation goal. At his press conference, Fed Chair Jerome Powell said a rate cut in September is "on the table," provided the inflation data continues to be encouraging. The comments propelled stocks to their highs of the day.
More people are exploring alcohol-free trips and 'sober curious' vacations
Years ago, the manager of a hotel in Koh Samui, Thailand told me about an unusual booking that he once received during the middle of the night.
Malaysia has made refinements in VEP application process, but room for improvement remains, say analysts
JOHOR BAHRU: With around two months to go before Malaysia’s Vehicle Entry Permit (VEP) enforcement deadline, complaints among Singaporean drivers over the application process remain unabated, with industry observers telling CNA that there is still room for improvement.
HSBC shares rise 3% after profit beat, $3 billion buyback announcement
LONDON — Europe's largest lender HSBC on Wednesday declared a share buyback program of up to $3 billion, as pretax profit for the first half of the year beat expectations on the back of a high-interest rate environment.
In Thailand, many youths are combining modern ‘pop’ rituals with traditional Buddhist beliefs
Pushed by the perceived conservatism of Buddhism and pulled by fun and fashion, many younger Thais are turning to new pop rituals to express their personal beliefs, including finding an unlikely “sacred” emblem in the monstrous form of the Labubu doll created by Chinese toy company Pop Mart.