Malaysia's technology industry continues to expand rapidly, supported by robust government initiatives and an evolving startup ecosystem. However, the tech sector has seen only a modest increase of 3.3% since the start of the year. Additionally, it has experienced a significant downturn of about 15% since July. In contrast, the construction and real estate sectors have recorded YTDgains of 54% and 32%, respectively.
Analysts at J.P. Morgan attri...

Fed Slashes Rates 50 bp in First Easing Since Pandemic
The Federal Reserve has initiated a new easing cycle with a substantial 50 basis points rate cut, marking its first reduction since the tightening cycle began in 2022. However, financial markets did not maintain the post-rate cut momentum: U.S. stock markets surged initially but then retreated, with major indices turning negative during the session. Gold, which briefly reached a...

In August 2024, the US economy saw an addition of 142,000 jobs, surpassing the revised figure of 89,000 from July, yet falling short of the anticipated 160,000.
Job increases were noted in several sectors: construction added 34,000 jobs; health care contributed 31,000, with ambulatory health care services accounting for 24,000 of those; government roles increased by 24,000; and social assistance jobs grew by 13,000.
On the other ha...