United States

Microsoft to commit $2.2 billion investment for cloud, AI services in Malaysia

The move will strengthen Malaysia's global AI development support

U.S. labor market remains tight, productivity marginally grows 0.3 percent in Q1

28 percent monthly decline in layoffs bodes well for U.S. labor market

U.S. inflation rises to 2.7 percent in March, Fed likely to hold rates next week

The central bank has kept interest rates at 5.25 to 5.50 percent since July 2023

Google-parent Alphabet announces first-ever dividend of 20 cents per share, $70 billion stock buyback

Company's revenue reached $80.54 billion, exceeding estimates of $78.59 billion

Microsoft revenues rise 17 percent to $61.9 billion on increased AI investment

4 percent rise in shares increases company's stock market value by $128 billion

U.S. economy grows 1.6 percent in Q1, slowest in nearly two years

Decline in government spending contributes to moderation in U.S. economic activity

U.S. economy likely to grow 2.4 percent in Q1 as delayed rate cuts signal inflation surge

U.S. labor market supports growth with job gains averaging 276,000 per month in Q1 of 2024

U.S. refiners’ profits set to fall in Q1 of 2024, margins remain strong

Earnings to increase in the next two quarters as demand picks up during the summer driving season

Boeing reports first revenue decline in 7 quarters as production drops

Company reported $16.57 billion in quarterly revenue, down from $17.92 billion in Q1 of 2023

Visa’s results reflect resilient U.S. consumer spending, net revenue touches $8.8 billion

Visa revealed that payment volumes saw an 8 percent increase during the second quarter

U.S. luxury real estate sales rise over 2 percent as prices hit all-time highs

The number of luxury homes for sale increased 13 percent in the first quarter of 2024

Brazil introduces measures to support small businesses, low-income families, and real estate market

The "Acredita" program helps provide microcredit to CadUnico registrants, enabling access to social programs like Bolsa Familia

Affordable Tesla EVs coming in 2025

The upcoming vehicles will blend features from a next-gen platform with Tesla's existing Model 3 and Model Y platform

Oil prices stabilize as focus shifts to U.S. economy, interest rates

The unexpected decrease in U.S. inventories, as indicated by industry data, provided some support to crude prices

Hedge fund industry sees $190 billion asset growth in Q1, hits record $4.3 trillion

The industry attracted $16.6 billion in new investments, with a focus on equity and event-driven hedge fund strategies

Oil prices rebound by 27 cents, Brent crude reaches $87.27 per barrel

Investors fueled the increase as they continued to assess geopolitical concerns in the Middle East

Dominican Republic seeks renewable energy cooperation with UAE to combat climate change

Caribbean officials highlighted UAE renewable energy investment opportunities and mutual benefits

World Bank secures $11 billion backing for new financial instruments to boost lending capacity

WBG's leveraging capability enables 6-8x multiplication of hybrid capital and guarantee platform funds over 10 years

Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics

Brent crude futures declined to $86.62 per barrel, WTI crude futures dropping to $82.51 per barrel

Steady labor market in the U.S. strengthens overall economy, unemployment claims remain low

Labor market changes could primarily stem from reduced hiring rather than sudden rise in terminations

Kuwait, Boeing launch technical entrepreneurship complex to empower Kuwaiti entrepreneurs

The complex enables Kuwaiti youth's access to digital systems, labs, programs

Oil prices soar $3 per barrel amid concerns of supply disruptions 

Brent futures rose by $2.63, reaching $89.74 per barrel