Companies are shelving investment plans as they await a cut in US interest rates
At the start of the year, U.S. businesses and consumers made big plans to buy equipment or homes, thinking interest rates would finally fall.
moreAt the start of the year, U.S. businesses and consumers made big plans to buy equipment or homes, thinking interest rates would finally fall.
moreThe US Federal Reserve Board ended a two-day monetary policy meeting on the 12th, announcing that the target range of the federal funds rate remained unchanged at 5.25% to 5.5%. Most FOMC members expect at most one rate cut this year.
moreRecently, the phenomenon of continuous increase in unemployment rate in the United States has attracted widespread attention.
moreData released by the US Department of Labor on the 7th showed that the US unemployment rate rose 0.1 percentage points to 4% in May this year, with 6.6 million people unemployed.
moreThe United Nations World Food Programme (WFP) has suspended the delivery of humanitarian aid to the Gaza Strip via a floating dock built by the US military to assess the security situation.
moreApple unveiled its personal intelligence (AI) system "Apple Smart" at the Worldwide Developers Conference 2024.
moreRecently, the floating temporary pier built by the US military in Gaza collapsed just a few days after its completion.
moreShares of chip giant Nvidia climbed 5.16% on Wednesday (June 5), closing at a record high of $1,224.40.
moreIn recent years, more and more Americans have expressed concerns about whether they can receive sufficient social support during their old age.
moreElon Musk's artificial intelligence startup xAI, the largest electric car and solar panel company in the United States, plans to build a factory in Memphis to house a giant supercomputer. The move is aimed at boosting the company's capabilities in the race to build and supply chatbots and other AI tools.
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