CNA938 Rewind - Mind Your Money - From Girl Boss to Girl Moss: Micro-retirements in Gen Z workers
CNA938 Rewind
'Micro-Retirements' have become popular with young Gen Z workers, who putting a pause on their careers to pursue personal growth and interests. But what kind of implications does it have on the career trajectory, and how are employers responding? Cheryl Goh speaks with Rohan Sylvester, Talent Strategy Advisor at Indeed on the trend, and how it could impact the future of work.
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an hour ago
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Asian markets rise as traders eye possible Trump-Xi talks
HONG KONG: Asian stocks rallied on Tuesday (Jun 3) as investors kept tabs on developments in the China-US trade war amid speculation the countries' leaders will hold talks soon. After a period of relative calm on the tariff front, Donald Trump at the weekend accused Beijing of violating last month's deal to slash huge tit-for-tat levies and threatened to double tolls on steel and aluminium. The moves jolted Asian markets on Monday, but hopes that the US president will speak with Chinese counterpart Xi Jinping - possibly this week - has given investors some hope for a positive outcome. Meanwhile, oil prices extended Monday's surge on a weak dollar and Ukraine's strike on Russian bombers parked deep inside the country that stoked geopolitical concerns as well as stuttering US-Iran nuclear talks. Trump has expressed confidence that a talk with Xi could ease trade tensions, even after his latest volley against the Asian superpower threatened their weeks-old tariff truce. "They violated a big part of the agreement we made," he said Friday. "But I'm sure that I'll speak to President Xi, and hopefully we'll work that out." It is unclear if Xi is keen on a conversation - the last known call between them was in the days before Trump's inauguration in January - but the US president's economic adviser Kevin Hassett signalled on Sunday that officials were anticipating something this week. US Treasury Secretary Scott Bessent - who last week warned negotiations with China were "a bit stalled" - said at the weekend the leaders could speak "very soon". Officials from both sides are set for talks on the sidelines of an Organisation for Economic Co-operation and Development (OECD) ministerial meeting in Paris on Wednesday. While there has been no movement on the issue, investors took the opportunity on Tuesday to pick up recently sold shares. Hong Kong gained more than 1 per cent while Shanghai returned from a long weekend on the front foot. There were also gains in Tokyo, Sydney, Wellington, Singapore, Taipei and Manila. DEALS QUEUED UP? The advances followed a positive day on Wall Street led by tech giants in the wake of a forecast-beating earnings report from chip titan Nvidia. Still, National Australia Bank's Rodrigo Catril remained nervous after Trump's latest salvos. "The lift in tariffs is creating another layer of uncertainty and tension," he wrote in a commentary. "European articles suggest the lift in tariffs doesn't bode well for negotiations with the region (and) UK steelmakers call Trump doubling tariffs 'another body blow'," he added. "The steel and aluminium tariffs also apply to Canada, so they will likely elicit some form of retaliation from there and while US-China trade negotiations are deteriorating due to rare earth, student visas and tech restrictions, steel tariffs will also affect China." Separately, US Commerce Secretary Howard Lutnick on Monday voiced optimism for a trade deal with India"in the not too distant future", adding that he was "very optimistic". And Japanese trade point man Ryosei Akazawa is eyeing another trip to Washington for more negotiations amid speculation of a deal as early as this month. Also in focus is Trump's signature "big, beautiful bill" that is headlined by tax cuts slated to add up to US$3 trillion to the nation's debt. Senators have started weeks of what is certain to be fierce debate over the mammoth policy package, which partially covers an extension of Trump's 2017 tax relief through budget cuts projected to strip health care from millions of low-income Americans. Oil prices extended Monday's surge that saw West Texas Intermediate briefly jump 5 per cent on concerns about an escalation of the Russia-Ukraine conflict and suggestions Washington could hit Moscow with stricter sanctions. That compounded news that the OPEC+ producers' grouping had agreed a smaller-than-expected increase in crude production. Traders were also monitoring tensions over Iran's nuclear programme after Tehran said it would not accept an agreement that deprives it of what it calls "peaceful activities".
CNA
2 hours ago
- CNA
US commerce secretary expects India trade deal soon
WASHINGTON: US Commerce Secretary Howard Lutnick on Monday (Jun 2) voiced optimism for a trade deal soon with India to avoid tariffs threatened by President Donald Trump. "You should expect a deal between the United States and India in the not-too-distant future," he told the US-India Strategic Partnership Forum, which promotes relations between the two countries, calling himself "very optimistic." Trump has set a delayed deadline of Jul 9 for countries to avoid sweeping tariffs, as he seeks to shake up the global economy to correct what he says is unfairness to the United States. Lutnick, a strong advocate of tariffs, said he was a "great fan" of India – but voiced longstanding concern about the emerging economy's use of tariffs. On tariff negotiations with India, "bringing them down to a level that is reasonable and appropriate so we can be great trading partners with each other, I think is absolutely on the table", Lutnick said. "There were certain things that the Indian government did that generally rubbed the United States the wrong way. For instance, they generally buy military gear from Russia," he said.
CNA
3 hours ago
- CNA
CNA938 Rewind - Big Tech back in fashion on the S&P 500 – how high is the climb?
CNA938 Rewind Slightly eased tensions between the US and its trade partners have helped to patch tech earning wounds, with the Magnificent Seven outperforming the S&P 500 on the back of continued demand for tech services. Andrea Heng and Hairianto Diman asl Kyle Rodda, Senior Financial Market Analyst, what investors are keeping an eye on as things play out.
