In this photo illustration, Bank of Japan (BOJ) logo is seen on a smartphone screen.Pavlo Gonchar | SOPA Images | LightRocket | Getty ImagesThe Bank of Japan should continue to proceed with monetary tightening, which would support a “normalization of the yen’s weakness” and rebalancing of bilateral trade, the U.S. Treasury Department said on Thursday.”BOJ policy tightening should continue to proceed in response to domestic economic fundamentals including growth and inflation, supporting a normalization of the yen’s weakness against the dollar and a much-needed structural rebalancing of bilateral trade,” the Treasury said in its exchange-rate report to Congress.”Treasury also stresses that government investment vehicles, such as large public pension funds, should invest abroad for risk-adjusted return…
Author: usaeverydaylife
Cambridge, MA – May 28: Soon to be graduates take photos after Harvard University’s Class Day ceremony on May 28, 2025. Brett Phelps | Boston Globe | Getty ImagesHarvard University on Thursday filed a legal challenge to President Donald Trump’s efforts to block visas for foreign students planning to attend the Ivy League college.”Singling out our institution for its enrollment of international students and its collaboration with other educational institutions around the world is yet another illegal step taken by the Administration to retaliate against Harvard,” Harvard President Alan M. Garber said in a letter to the campus community.Trump on Wednesday issued a proclamation…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailGary Cohn, IBM vice chair, former NEC director, and former Goldman Sachs president and COO, joins ‘Fast Money’ to talk political uncertainty and the economy. Source link
In this photo illustration, the Amazon Kindle logo is seen displayed on a smartphone screen. Thomas Fuller | Sopa Images | Lightrocket | Getty ImagesAmazon has cut jobs in its books division, including at its Goodreads review site and Kindle units, the company said on Thursday.The Seattle-based retailer said that fewer than 100 workers were impacted and the move was meant to improve efficiency and streamline operations.”As part of our ongoing work to make our teams and programs operate more efficiently, and to better align with our business roadmap, we’ve made the difficult decision to eliminate a small number of roles within the Books organization,” an Amazon spokesperson said in a…
US President Donald Trump and Tesla CEO Elon Musk speak to the press as they stand next to a Tesla vehicle on the South Portico of the White House on March 11, 2025 in Washington, DC.Mandel Ngan | AFP | Getty Images Developments from the White House are growing more exciting and unpredictable than those 1,000-episode Asian drama serials.On Thursday, “So much for being Mr. NICE GUY” Donald Trump reverted to being a nice guy and had a “very good call,” in his words, with Chinese president Xi Jinping over trade issues. Following the call, Trump said that officials from…
The ‘Fast Money’ traders take viewer questions at the ‘Fast Money Live’ event on Nike, Home Depot and more. Source link
U.S. President Donald Trump and German Chancellor Friedrich Merz hold a meeting in the Oval Office at the White House on June 05, 2025 in Washington, DC. Anna Moneymaker | Getty Images News | Getty ImagesChancellor Friedrich Merz on Thursday said Germany, Europe’s largest economy, was ready to take over a greater leadership role on future trade agreements as the United States and the EU race to reach a trade deal before a July 9 deadline.Merz told reporters he had a productive meeting with U.S. President Donald Trump at the White House on Thursday, and the two men had agreed to strengthen cooperation on trade matters and other issues.Merz said he and Trump spoke at length about trade and tariffs during their meeting in the Oval Office, and over…
Idrees Abbas | Lightrocket | Getty ImagesIt’s been a bad week for DOGE. And a really bad week for dogecoin.The meme coin, which gained popularity in part because Elon Musk once dubbed it “the people’s crypto,” fell about 10% on Thursday and is down 22% over the past week. That drop corresponds with Musk’s official departure from the Trump administration and the Department of Government Efficiency (DOGE), which was the centerpiece of his effort to radically downsize the federal government.Musk and Trump had been sparring in recent days, with Musk slamming the president’s spending bill, and Trump withdrawing the nomination…
Omada Health virtual health program.Courtesy: Omada HealthOmada Health priced its IPO at $19 per share on Thursday, in the middle of the expected range.The virtual chronic care company said in a press release that 7.9 million shares are being sold in the offering, amounting to $150 million.Omada, founded in 2012, will trade on the Nasdaq under the ticker symbol “OMDA.” The company filed its initial prospectus in May and updated the document with an expected pricing range of $18 to $20 per share. At the IPO price, Omada is worth about $1.1 billion, though that number could be higher on a fully diluted…
Broadcom on Thursday night reported strong quarterly results and offered upbeat comments on the expected growth of its key artificial intelligence business. While profit-takers are pushing the stock down in extended trading, there is little cause for concern. Revenue in Broadcom’s fiscal 2025 second quarter increased 20% year over year to $15 billion, slightly ahead of the consensus forecast of $14.99 billion, according to estimates compiled by LSEG. Adjusted earnings per share increased 44% from the year-ago period to $1.58, also outpacing expectations of $1.56, LSEG data showed. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) grew 35% year…
