Finance Minister Shunichi Suzuki expressed his concerns about the negative effects of the weak yen on the Japanese economy. According to him, the weak yen has both positive and negative impacts, but he is currently more concerned about the negative effects. One of the main issues is the impact on the cost of living for
Asian stocks saw a rise on Friday, mainly driven by gains in the technology sector. Investors were pleased with the strong earnings reported by Microsoft and Alphabet. The positive performance of these tech giants boosted market sentiment across the region. Japanese stocks, on the other hand, did not perform as strongly as their Asian counterparts.
Paramount’s latest movie, IF, directed by John Krasinski and starring Ryan Reynolds, is set to make a big splash with a $40M-plus opening on May 17. This achievement is particularly impressive considering it is not a holiday release and that it is an original movie. Krasinski’s involvement in producing, directing, and writing the film has
Royal Caribbean, a major player in the cruise industry, recently announced their first-quarter earnings which surpassed analysts’ expectations. The company reported an adjusted EPS of $1.77, exceeding the consensus estimate of $1.32. Additionally, revenue for the quarter came in at $3.7 billion, higher than the expected $3.69 billion. This strong performance was attributed to robust
Meta Platforms, previously known as Facebook, reported a 14% drop in premarket trading due to issuing second-quarter revenue guidance that was below expectations. However, the company exceeded analysts’ estimates for first-quarter earnings and revenue. This mixed performance indicates a need for Meta Platforms to adjust its projections more accurately to avoid widespread market fluctuations moving
In recent news, Walgreens has made a bold move to enter the world of cell and gene therapies by working directly with drugmakers to bring these innovative treatments to U.S. patients. This step is part of a larger expansion of their specialty pharmacy services, signaling a significant shift in the healthcare landscape. Let’s delve deeper
SK Hynix, the South Korean memory chipmaker, displayed a remarkable turnaround in the first quarter of this year, reporting a net profit of 1.92 trillion South Korean won ($1.39 billion). This positive outcome marks a stark contrast to the 2.58 trillion won loss incurred in the same period last year. The company faced a string
The yen has been trading on the weaker side of 155 per dollar as the Bank of Japan (BOJ) begins its two-day rate-setting meeting. This has left traders nervous about the possibility of Tokyo intervening while policy deliberations are still underway. The dollar finally broke above the 155 yen level for the first time since
The recent approval of Wegovy in the U.S. for heart health has opened doors for more than 3 million people with Medicare to potentially access this popular weight loss drug. According to a recent analysis by KFF, Medicare beneficiaries who are obese or overweight, have a history of heart disease, and are prescribed Wegovy to
Elon Musk’s recent clash with an Australian senator has sparked controversy and condemnation from lawmakers in Australia. After being ordered to remove video posts showing a knife attack on an Assyrian bishop during a church service in Sydney, Musk accused the country’s leaders of attempting to censor the internet. This led to an outpouring of