Foxconn Forecasts Strong Revenue Growth Even as Profit Lags Forecasts
Taiwanese electronics giant Foxconn has projected strong revenue growth for the coming year, even though its recent profit performance fell…
Indonesia Says Scenarios Show 3% Budget Deficit Cap Hard to Keep
Indonesia faces growing fiscal pressure as global economic conditions shift. Government officials have recently warned that maintaining the legal budget…
Crude Oil Prices Spike Near $120 a Barrel as the Iran War Impedes Production and Shipping
Global oil markets experienced a sharp shock as crude oil prices surged close to $120 per barrel. Escalating conflict involving…
US Economy Unexpectedly Loses Jobs in February, Unemployment Rate Rises to 4.4%
The United States labor market delivered a surprising setback in February as the economy lost jobs instead of adding them.…
Dow Futures Drop 700 Points as Oil Surges Again, Fears Rise Iran Conflict Will Drag on
Investors around the world faced fresh anxiety as Dow futures tumbled roughly 700 points while oil prices surged once again.…
Block Lays Off Nearly Half Its Staff Because of AI. Its CEO Said Most Companies Will do the Same
Block, the financial technology company behind popular services like Square and Cash App, has announced a major workforce reduction tied…