The Bank of Japan has reportedly, though unconfirmed, performed an emergency Yen intervention, the second in 3 days. The dollar sharply dropped to 153 yen from about 157.55 yen, and while the reasons for this were not immediately clear, traders and analysts suggested it was likely due to yen

US Treasury announces launch of buyback program for May to July quarter, first buyback operations scheduled on May 29th. The Treasury Department stated on Wednesday that it intends to maintain auction sizes for U.S. notes and bonds at current levels over the next few quarters, aligning with expectations. This

Amazon has decided not to sponsor any new US green cards for foreign workers for the remainder of this year, indicating ongoing challenges in the tech job market. Earlier this year, the company informed employees that it would continue to suspend all new PERM filings through 2024, according to an

Climate change is projected to cost the global economy approximately $38 trillion annually by 2049, according to researchers from the Potsdam Institute for Climate Impact Research (PIK). This significant economic impact will result from extreme weather conditions damaging agricultural yields, reducing labor productivity, and destroying infrastructure. A study published in

The Federal Reserve has not cut rates, and has kept rates the same. The Federal Reserve of the United States decided to keep interest rates unchanged on Wednesday, signaling a continued inclination towards eventual reductions in borrowing costs. However, the Fed raised concerns about recent disappointing inflation data and suggested

Just before releasing its impressive first-quarter earnings report on April 25, Google implemented layoffs affecting at least 200 employees from its “Core” teams, as part of a reorganization that includes relocating some roles to India and Mexico, according to CNBC. The Core unit is responsible for constructing the technical framework

The Federal Reserve has not cut rates, and has kept rates the same. The Federal Reserve of the United States decided to keep interest rates unchanged on Wednesday, signaling a continued inclination towards eventual reductions in borrowing costs. However, the Fed raised concerns about recent disappointing inflation data and suggested

Incoming junior Wall Street analysts could be in danger of losing their jobs to AI, sources within banks told the New York Times. Consider the realm of entry-level Wall Street banking positions. Recent concerns highlighted in a New York Times report suggest that junior analysts could face potential job losses

Samsung reportedly tells executives they're working 6 days a week now. Samsung will soon implement a six-day workweek for its executives, as reported by the Korea Economic Daily on April 18. The Korea-based conglomerate, known for its Galaxy smartphones, flatscreen televisions, appliances, and various other devices, is a

During a House Ways and Means Committee hearing, Treasury Secretary Janet Yellen disagreed with Larry Summers, her predecessor, who suggested that the Federal Reserve might need to raise interest rates due to concerns about inflation. Yellen criticized Summers, calling him "a person who's been wrong in the

Subway has officially been bought out by Roark Capital. Roark's reported $9.6 billion acquisition of Subway, as per the Wall Street Journal, faced scrutiny from the U.S. Federal Trade Commission over concerns that it would create an unfair advantage for the Atlanta-based private equity firm in

Binance previous CEO CZ sentenced to 4 months in prison. Before his sentencing hearing on Tuesday, Zhao, known as CZ, expressed regret for his actions as CEO of Binance, the cryptocurrency exchange he established in 2017. “I deeply regret the choices that have led me to this point,” he stated

The Biden administration is reportedly considering the possibility of admitting certain Palestinians into the United States as refugees, offering them a permanent safe haven. This move would provide refuge to individuals fleeing the conflict-ridden Gaza Strip. Internal documents from various U.S. federal agencies, obtained by CBS News, indicate that

DEA moving to reclassify marijuana as less dangerous drug. The U.S. Drug Enforcement Administration (DEA) is planning to reclassify marijuana as a less harmful drug, marking a significant shift in American drug policy. This move, which is pending review by the White House Office of Management and Budget, would

Yellowstone Real Estate recently acquired the remaining debt on 1740 Broadway, previously known as the Mutual of New York tower, for $185 million. This is a significant decrease from the $605 million Blackstone paid for the building in 2014. At that time, Blackstone paid nearly $1,000 per square foot

Global stock markets surged in the first quarter on expectations that major central banks would shift from tightening monetary policy to cutting interest rates, which helped drive up BlackRock's assets under management (AUM). The MSCI's global stock performance gauge rose 7.7% in the first three

Billionaires are racing to buy TikTok after Chinese owners ordered to sell app, with Steve Mnuchin in lead, per NYP. A few American finance and tech moguls are preparing multi-billion dollar bids to acquire TikTok following President Joe Biden's signing of an act that will compel its Chinese

The delinquency rate among small businesses in the US has reached a three-year high, reflecting the challenges posed by rent increases and decreasing revenue, as per a monthly survey. The Small Business Rent report from Alignable, an online networking platform for business owners, reveals that 43% of small businesses were

The peso has not only halted its continuous decline but has also experienced a significant surge in one crucial foreign-exchange market — Argentina has several, a result of its complex set of rules. In the market known as the blue-chip swap, which is utilized by many investors and companies, the peso

The typical person purchasing today’s median-priced home for about $420,000 has a record-high $2,864 monthly housing payment with a 7.1% mortgage rate, the current 30-year fixed-rate average. Nearly two in every five (38%) homeowners believe they couldn't afford to purchase their own home if

Milei has anounced Argentina's first budget surplus in 16 years, per AFP. Argentina's newly elected President Javier Milei has praised the country's first quarterly budget surplus since 2008 as a "historic achievement." In the first quarter of 2024, Argentina recorded a budget