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Asian markets drop as traders temper rate cut bets
Asian markets drop as traders temper rate cut bets
Economy
by  AFP

Stocks fell Tuesday, extending the sell-off seen on Wall Street, with analysts warning November's rally fuelled by bets on interest rate cuts may have gone too far, forcing traders to take a step back. Traders are now awaiting the release later in the week of key US jobs data, with a miss to the downside of expectations likely to ramp up optimism for a rate cut in early 2024.

Hollywood braces for actors' vote on strike deal
Hollywood braces for actors' vote on strike deal
Economy
by  AFP

Hollywood on Tuesday anxiously waited to learn if actors have approved their union's hard-fought deal with studios, or if an entertainment industry still reeling from months-long strikes could be plunged back into turmoil. The tentative deal between SAG-AFTRA and Hollywood studios to end the actors' 118-day strike was agreed last month.