(Bloomberg) -- Stocks edged lower and the dollar rose on renewed concern about higher-for-longer US interest rates, with all eyes on the Federal Reserve’s policy decision due later Wednesday. Most Read from BloombergTesla Axes Most of Supercharger Team in Blow to Other AutomakersTraders Expect Biggest Fed-Day Move in S&P Since 2023, Citi SaysWall Street Hit by Fed Jitters to Close Wild April: Markets WrapPot Stocks Surge on Report DEA Set to Reclassify MarijuanaHSBC CEO Quinn Unexpectedly Steps
SEOUL, South Korea (AP) — Workers, activists and others in Asian capitals marked May Day with rallies and marches to call for better working conditions and greater labor rights. May Day, which falls on May 1, is observed in many countries as a day to celebrate workers’ rights. May Day events have also given many an opportunity to air general economic grievances or political demands. In Seoul, the South Korean capital, thousands of protesters sang, waved flags and shouted pro-labor slogans at the
(Bloomberg) -- The U.S. and the Philippines are in discussions over ways to prevent China from dominating nickel processing in the Southeast Asian nation, a key supplier of the metal that’s crucial for electric vehicle batteries. Most Read from BloombergTesla Axes Most of Supercharger Team in Blow to Other AutomakersTraders Expect Biggest Fed-Day Move in S&P Since 2023, Citi SaysWall Street Hit by Fed Jitters to Close Wild April: Markets WrapPot Stocks Surge on Report DEA Set to Reclassify Marij
HONG KONG (AP) — Asian stocks fell Wednesday with most of the markets in the region closed for a holiday. Meanwhile, U.S. stocks closed out their worst month since September. Oil prices were lower and U.S. futures were mixed. Tokyo’s Nikkei 225 index lost 0.4%, down to 38,271.77 after the country’s factory activity experienced a milder shrink in April, as the manufacturing purchasing managers’ index from au Jibun Bank rose to 49.6 in April from 48.2 in March. A PMI reading under 50 represents a
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