Japan’s Q1 GDP contracted 0.5% Q/Q, less than expected

Japan's GDP shrank 0.5% q/q in Q1 of 2024, matching flash data while reversing from an upwardly revised 0.1% growth in Q4.  The Japanese economy contracted 1.8% on an annualized basis in Q1 of 2024, compared with a preliminary reading of a 2. ( read original story ...)

3.6 Magnitude Earthquake Reported In US

A 5.8-magnitude earthquake was also reported in Japan on Sunday. The earthquake was centered in Anamizu at a depth of 4.8 kilometers (about three miles). A 6.3-magnitude earthquake was reported on the Prince Edward Island region on Friday (May 31 ... ( read original story ...)