The yen has been experiencing significant volatility in the currency markets, with traders unwinding their bets against the yen ahead of crucial U.S. inflation data. This has led to the yen poised for its strongest week in nearly three months, representing a 2.3% rise for the week. The surge follows suspected interventions from Tokyo in
This week marks a significant milestone in the world of cryptocurrency as spot ether exchange-traded funds have finally made their debut. Among the nine applicants that received approval from the Securities and Exchange Commission is Franklin Templeton. The firm is responsible for the Franklin Ethereum ETF (EZET), which has seen a decline of approximately 10%
The highly anticipated movie featuring Deadpool & Wolverine stars Ryan Reynolds and Hugh Jackman, along with filmmaker Shawn Levy and Marvel Studios boss Kevin Feige, is making waves before it even hits theaters. According to multiple sources in the box office industry, the film is set to break records for a preview night of an
Southwest Airlines is predicting a possible decline in unit revenue for the third quarter due to an oversupplied U.S. market. This oversupply has led airlines to reduce ticket prices during what is typically the most profitable time of the year. The airline stated that unit revenue for the current quarter may drop by up to
Imax, a giant in the film industry, recently reported softer revenue and profit in their last quarter. Despite this decline, the company managed to exceed Wall Street estimates, attributing the success to a surge in global box office in June and the sale of their original documentary The Blue Angels to Amazon. Sales for the
China’s major state-owned banks have recently made significant moves to cut deposit rates in response to the country’s struggling economy. The reduction in deposit rates comes after a surprise lowering of lending benchmarks, aimed at boosting economic growth. This decision has far-reaching implications for both the banking sector and the overall economy in China. State-Owned
SK Hynix, a major player in the memory chip industry, recently announced its second-quarter results, showcasing a significant uptick in profits. The company reported revenue of 16.42 trillion Korean won, marking an impressive 124.7% increase from the previous year. Additionally, operating profit reached 5.47 trillion Korean won, the highest level in six years. This growth
ANZ Group recently disclosed that their investigations into bond sales, which are currently under regulatory scrutiny, have uncovered errors in data reporting. Despite this, they have emphasized that there is no concrete evidence of market manipulation. The bank has reassured stakeholders that they are committed to uncovering any irregularities in their bond trading operations and
Hedge fund manager Dan Niles recently commented on the current state of the tech market, specifically pointing to the response to Google parent company Alphabet’s quarterly results as a sign of trouble ahead. According to Niles, the market’s reaction to Google’s performance indicates that investors are starting to become impatient and are seeking concrete evidence
As demand for carbon-free energy continues to grow, NextEra Energy is considering restarting a nuclear plant in Iowa that ceased operations in 2020. The Duane Arnold Energy Center in Palo, Iowa had served for 45 years before closing down. NextEra CEO John Ketchum emphasizes the need for a thorough review of the risks involved in