May PMI at 54.4 signals robust expansion, outpacing expectations and contrasting with regional stagnation amid energy pressures. China’s services sector expanded at its fastest pace in three months in May, with the PMI rising to 54.4 from 52.6 in April. The increase surpas
First-quarter GDP growth of 0.3% undershot expectations of 0.5%, signaling weaker economic momentum for Australia. Australia’s economy expanded 0.3% quarter-over-quarter in Q1 2026, down from 0.8% in Q4 2025. The figure fell short of the 0.5% consensus forecast, marking th
Australia's Q1 2026 GDP grows 0.3% q/q and 2.5% y/y Australia's economic growth slowed in the first quarter of 2026, with GDP increasing 0.3% from the previous quarter and 2.5% from the same period last year. The country's services PMI fell to 48.7 in May, down from
The collection includes rare cards redeemable for Bitcoin, Ethereum, and other cryptocurrencies, with top prizes valued at $66,600 and $1,900. Cardsmiths and America250 released Currency Series 6, a trading card collection featuring 120+ designs tied to the U.S. semiquince
The People’s Bank of China set the daily yuan reference rate at 6.8184, below market forecasts of 6.7673, signaling potential depreciation pressure. The People’s Bank of China set the USD/CNY mid-point at 6.8184, weaker than the 6.7673 estimate. The yuan is permitted to tr
The Japanese Yen remains under pressure against the USD, nearing a one-month high despite warnings of potential intervention. The USD/JPY pair approached the 160.00 level during Wednesday’s Asian session, marking its highest point in a month. The yen’s decline continues as
SpaceX aims to raise $75 billion at a $135 share price, targeting a $1.75 trillion valuation ahead of its Nasdaq roadshow. SpaceX will sell 555.6 million shares at $135 each in its upcoming IPO, aiming to raise $75 billion and achieve a $1.75 trillion valuation. The roadsh
Treasury Secretary confirms direct takeover of crypto wallets tied to Iran, citing strategic missteps by Tehran. The U.S. has seized approximately $1 billion in cryptocurrency assets linked to Iran, according to Treasury Secretary Scott Bessent. The assets were taken throu
Business costs hit a 43-month high, halting 13 months of sector growth as Middle East disruptions and labor expenses rise. Japan’s services sector stagnated in May, with the PMI holding at 50.0, ending a 13-month expansion streak. The stall was driven by a record surge in
Tokyo approves ¥3.1 trillion supplementary budget to offset rising fuel and utility costs amid Middle East tensions. Japan’s cabinet passed a ¥3.1 trillion ($19 billion) supplementary budget to subsidize fuel and utility costs, targeting inflation driven by Middle East con