U.S. GDP Shrinks by 0.3%: Is It Just the Beginning of a Market Downturn? The U.S. economy contracted by 0.3% in the latest quarterly report, sparking concerns among investors and economists about whether this signals the onset of a broader market downturn. While a single quarter of negative growth does not technically constitute a recession, it raises red flags—especially amid an environment already fraught with inflationary pressures, high interest rates, and global uncertainty. Understanding the 0.3% Contraction The reported 0.3% decline in Gross Domestic Product (GDP) reflects slowing consumer spending, reduced business investment, and a pullback in exports. The Federal Reserve’s ongoing fight against inflation through aggressive interest rate hikes has begun to cool economic activity—e
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BEIJING, October 27 (TMTPost)— China underlines operational compliance for all the Taiwanese firms after Hon Hai Technology Group (Foxconn), a electronics giant based in Taiwan founded in 1974, was reported to be under investigation. Credit:Visual China “While sharing the growth dividends on mainland China and achieving rapid development, Taiwan-based companies should also assume corresponding social responsibilities and play a positive role in promoting the peaceful development of relations across the Taiwan Strait”, said Zhu Fegnlian, a spokesperson of the Taiwan Affairs Office (TAO) under the State Council, at a regular press conference. Zhu did elaborate the responsibilities or what actions Taiwan companies should take. Her remark responded to a question about comments on the Democrati
BEIJING, October 27 (TMTPost)— China underlines operational compliance for all the Taiwanese firms after Hon Hai Technology Group (Foxconn), a electronics giant based in Taiwan founded in 1974, was reported to be under investigation. Credit:Visual China “While sharing the growth dividends on mainland China and achieving rapid development, Taiwan-based companies should also assume corresponding social responsibilities and play a positive role in promoting the peaceful development of relations across the Taiwan Strait”, said Zhu Fegnlian, a spokesperson of the Taiwan Affairs Office (TAO) under the State Council, at a regular press conference. Zhu did elaborate the responsibilities or what actions Taiwan companies should take. Her remark responded to a question about comments on the Democrati
thank you//@Neo88: This article may explain the drop. But it does not explain the rise today. I have not read any major news since announcement and now but market has decided to go down and then now up. But I am sure they will later come and "justify" the recovery with some new explanation. I will not bet on todays closing though. Only the big guys know... and the retailers have willingly sold their shares at a low price. I am fastening my seat belt for the long run.
This Is Why U.S. Stocks Tumbled After Fed’s Powell Signaled Only One More Rate Hike in 2023