Business
Saigon Sentinel · Section
Markets, jobs, trade, and economic policy — including the small-business and entrepreneurship landscape for Vietnamese Americans.
- Business
Alibaba escapes lobbying ban — but risks still loom for Vietnamese-origin importers
A federal court order temporarily suspending the lobbying ban against Alibaba might sound like good news for the Chinese technology company, but for import businesses and Vietnamese-origin investors, it is merely a brief…
- Business
S&P 500 rises for third straight period, hits 7,537.43 points — highest in data window
The S&P 500 has now risen for three consecutive periods, reaching 7,537.43 points on 06/07/2026 — the highest level in the data window and up 20.99% from the same period last year, according to S&P Dow Jones Indices data…
- Business
Prediction Market Faces Dual Squeeze: Vietnamese-American Investors Caught Between Federal and State Authority
Kentucky is the first Republican state targeted by the CFTC over prediction markets, after eight Democratic states were previously sued — demonstrating this is a cross-party federal power struggle, not mere partisan oppo…
- Business
Fed's Interest Rate Falls 16.17% Year-Over-Year, Now at 3.63%
The Federal Reserve's federal funds rate fell 16.17% compared to the same period last year, dropping from 4.33% to 3.63% — the lowest level in the past 12 months, according to Federal Reserve data via FRED. This long-ter…
- Business
US Gas Prices Down 7.01% Year-over-Year, Now at 3.831 USD per Gallon
US national average gas prices fell 7.01% year-over-year, dropping to 3.831 USD per gallon in the week of June 29, 2026 — the lowest point in the entire survey period, following eight consecutive weeks of decline.
- Business
App Store Fees Head to Supreme Court: Who in the Vietnamese-American Community Will Bear the Cost?
The App Store fee lawsuit between Apple and Epic Games heading to the U.S. Supreme Court is not just a matter for two large companies — it will determine the profit margins of thousands of small Vietnamese-American app d…
- Business
Vietnam's GDP Growth in 2024 Reaches 7.09% — a Gap of Nearly 6 Percentage Points from the Bottom
The gap between Vietnam's highest GDP growth rate (8.54% in 2022) and lowest (2.55% in 2021) reaches nearly 6 percentage points — according to World Bank data. In 2024, the country recorded GDP growth of 7.09%, reflectin…
- Business
Jobless Claims Drop 5.29% in Week Ending 06/20/2026 — Positive Signal for Labor Market
Initial jobless claims in the United States fell 5.29% in the week ending June 20, 2026, dropping to 215,000 claims from 227,000 the previous week — the sharpest decline in a series of three consecutive declining weeks, …
- Business
U.S. CPI Rises for Six Consecutive Months, Hits Highest Level in Over a Year
The U.S. CPI index just recorded its sixth consecutive month of increase, reaching 335,123 in May 2026 — the highest level in the tracked dataset and 4.47% higher than the same period last year, according to the Bureau o…
- Business
Vietnam's GDP growth reaches 7.09% in 2024, surging past the pandemic trough
Vietnam achieved GDP growth of 7.09% in 2024 according to World Bank data — the highest rate since 2022 and nearly approaching the pre-pandemic peak, with a change of 10.57% compared to 2023.
- Business
U.S. Retirement Fund to Deplete in 2032: Vietnamese American Elderly Community Faces Risk of 22% Benefit Cuts
The Social Security retirement fund is approaching its worst crisis in nearly half a century, with a risk of automatic 22% benefit cuts in 2032. With hundreds of thousands of elderly Vietnamese Americans dependent on thi…
- Business
U.S. Student Loan Repayment System Overhaul Starting July 1: Young Vietnamese Americans Face Critical Financial Crossroads
From July 1, 2026, millions of U.S. student loan borrowers will lose access to the Save program — and young Vietnamese Americans without family assets to rely on face the harshest financial choices they have encountered …
- Business
May 2026 CPI rises 0.63% — highest peak in the past year
The U.S. national CPI-U index rose 0.63% in May 2026, reaching a peak of 335.123 points — 4.47% higher than the same period last year, according to the Bureau of Labor Statistics. This is the sixth consecutive month of p…
- Business
Four consecutive weeks of increases: U.S. jobless claims reach 12-week peak with 229,000 filings
Initial jobless benefit applications in the United States have risen for the fourth consecutive week, reaching 229,000 applications for the week ending June 6, 2026 — up 11.71% compared to the same period last year and m…
- Business
Private capital absorbs 3 million US apartments: Renters pay the price, Vietnamese community bears double burden
57% of the nearly 3 million apartments held by private equity funds in the United States were purchased within less than 8 years — according to analysis by the monitoring organization Private Equity Stakeholder Project r…
- Business
JPMorganChase and LA28: When Wall Street Becomes a Strategic Partner of the Olympics, What Does the Vietnamese Community in Southern California Get?
JPMorganChase’s unprecedented role as the first Global Banking Partner of the Olympics signals a deep integration into the LA28 economic engine. For Southern California’s Vietnamese community, this raises urgent question…
- Business
LoanDepot and the 9.4% Slide: When Penny Stocks Are No Longer an Anomaly in the U.S. Mortgage Industry
LoanDepot’s slide is more than a penny stock story; it signals a structural crisis for nonbank lenders facing prolonged high interest rates. This instability threatens the vital credit channels used by Vietnamese-America…