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U.S. travel spending is showing signs of cooling, with lodging and tourism down 2.5% and airline spending down 6% year-over-year as of March 22. Despite this, weekly spending remains 10% above 2019 levels, and some Americans are still traveling abroad, with overseas spending up 2.6% in early 2025. Lower-income households are cutting back the most, reflecting broader economic pressures.
Hedge funds are rapidly selling off global tech stocks, with U.S. tech making up 75% of the net selling, particularly in semiconductors. This shift, driven by macroeconomic pressures and a bearish outlook, has reduced hedge fund exposure to the tech sector to a five-year low of 16.4%. Concerns over AI valuations and trade tariffs have further fueled the selloff, despite reassurances from Goldman Sachs about the sector's strong fundamentals.
Entegris, Inc. reported a quarterly earnings per share of $0.84, exceeding estimates, while its stock recently traded down 4.1% to $88.74. The company announced a quarterly dividend of $0.10, with a yield of 0.45%, and corporate insiders hold 0.67% of the stock. Analysts maintain a "Moderate Buy" rating, with a target price averaging $124.88.
Soaring demand for Toyota's gasoline-electric hybrids has led to significant supply chain challenges, resulting in extended wait times for customers across major markets. With global hybrid sales nearly tripling in five years, Toyota is working to boost production capacity while facing component shortages, particularly in magnets and inverters. Competitors like Hyundai and Honda are also struggling to meet hybrid demand, highlighting the growing popularity of these vehicles amid a competitive landscape.
South Korea's cryptocurrency exchange user base has reached 16 million, indicating a saturation point in the market. This milestone reflects the growing interest and participation in digital currencies among South Korean investors. The trend highlights the evolving landscape of cryptocurrency in the region.
Soaring demand for Toyota's gasoline-electric hybrids has led to significant supply chain challenges, resulting in lengthy wait times for buyers across major markets. In Europe, customers face delays of 60 to 70 days, while in Japan, waits range from two to five months. The automaker is working to boost production and alleviate bottlenecks caused by shortages of key components, including magnets and inverters.
Asian shares plummeted on Monday, with Tokyo's Nikkei 225 dropping over 4% following a significant retreat on Wall Street, driven by fears of worsening inflation and a slowing U.S. economy amid escalating trade tensions. The S&P 500 experienced its worst day in two years, falling 2%, while consumer pessimism about future finances surged, raising concerns about a potential stagflation scenario. As markets brace for upcoming tariff announcements, oil prices and U.S. futures also declined.
In January, Saudi Arabia's total merchandise exports reached SR97.18 billion, a 2.4% year-on-year increase, with non-oil exports rising to SR26.48 billion, reflecting a 10.7% growth. China was the top destination for exports, receiving SR14.74 billion, while imports rose 8.3% to SR72.62 billion, primarily from China. The Kingdom's non-oil sector continues to expand, contributing significantly to economic diversification efforts under Vision 2030.
Japan, China, and South Korea have agreed to enhance free trade cooperation amid new tariffs imposed by the U.S. The meeting, the first of its kind in five years, emphasized the need for a comprehensive trilateral free-trade agreement and a stable trade environment, as the three nations collectively represent a significant portion of the global economy and trade.
Japan's GDP per capita is projected to plummet from 29th to 45th globally by 2075, with real GDP expected to grow to $4.4 trillion but drop its global ranking from fourth to 11th. Contributing factors include a declining population, low fertility rates, and limited benefits from AI advancements, necessitating urgent labor reforms to boost productivity. Meanwhile, emerging markets like India are set to rise significantly, with BRICS nations projected to surpass the US in total GDP by 2075.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
us travel spending shows signs of decline after post pandemic surge
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asian markets plunge as wall street fears escalate over inflation and tariffs
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japan's economic decline projected by 2075 amid population challenges and reforms
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10:32 28.03.2025
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