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Real-time News
Japans overtime pay rate rose 2.8% year-on-year in June, up from 2.9% in the previous month.Japans June labor cash income annual rate was 3.4%, below the expected 3.50% and the previous value was revised from 3.20% to 3.30%.August 5th - According to several airlines, the fuel surcharge for domestic flight tickets, effective today (August 5th), has been reduced again. The adjusted fuel surcharge is 70 yuan per adult passenger for routes over 800 kilometers and 40 yuan per adult passenger for routes of 800 kilometers or less, representing reductions of 30 yuan and 10 yuan respectively compared to the previous rates. This is the third reduction in domestic flight fuel surcharges since June this year, further lowering travel costs for passengers.On August 5th, AMD (AMD.O) shares fell nearly 9% in after-hours trading after its revenue outlook fell short of some investors expectations. Its not uncommon for AMDs stock to decline even after reporting positive results. In recent years, even when the company exceeds Wall Street expectations, the market reaction to its earnings reports has often been negative. AMD expects third-quarter revenue of $13 billion, plus or minus $300 million. While analysts average expectation is $12.5 billion, according to data compiled by Bloomberg, some Wall Street expectations are much higher than $13 billion. The market reaction suggests that the company needs to demonstrate faster growth to justify its valuation. The chipmakers stock has more than doubled this year—far exceeding the broader market gain—as AMD has become a major challenger to Nvidia in the AI processor field. In a conference call, CEO Lisa Su told analysts that the company expects data center revenue to more than double by 2027. She also said that in the longer term, the company is on track to exceed its previous targets of 35% annual revenue growth and $20 per share earnings.U.S. Treasury Secretary Bessant: With energy prices falling, we are no longer facing excessive depreciation of the yen, which will help reduce inflation and allow the yen to enter a virtuous cycle.