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Mohamed El-Erian Flags Japan's 'Striking' Inflation Paradox As Shigeru Ishiba's Ruling LDP Loses Majority — Yen Tumbles To 3-Month Low Against Dollar
Sunday, October 27, 2024 - 9:36pm | 543A surprising voter focus on inflation in Japan’s general election, alongside global economic concerns, has sparked comments from Mohamed El-Erian, Chief Economic Advisor at Allianz about shifting economic paradigms in traditionally low-inflation economies. What Happened: El-Erian highlighted...
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Will Tesla's Giant Move Help NASDAQ Break Out?
Friday, October 25, 2024 - 6:42pm | 1297To gain an edge, this is what you need to know today. Nasdaq Breakout? Please click here for a chart of Invesco QQQ Trust Series 1 (NASDAQ:QQQ). Note the following: The chart shows QQQ is in the resistance zone. The chart shows that QQQ moved up on giant Tesla Inc (NASDAQ:TSLA) earnings. ...
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Inside Bandai Namco's Workforce Struggles: 100 Staff Members Quit During Project Overhauls
Tuesday, October 15, 2024 - 4:08pm | 527Bandai Namco Holdings ADR (OTC:NCBDY) is facing internal shifts in its Japanese workforce following recent reports of project cancellations. Despite a strong release from its latest anime-based game, Dragon Ball Z: Sparking! Zero, which sold over 3 million units within 24 hours, Bandai Namco...
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Warren Buffett's Berkshire Hathaway Reportedly Raises $1.9B Through Largest Samurai Bond Sale In 5 Years
Thursday, October 10, 2024 - 4:49am | 515Berkshire Hathaway (NYSE:BRK) (NYSE:BRK) has successfully secured 281.8 billion yen, approximately $1.9 billion, via a yen-denominated bond offering. This represents the company’s largest bond sale in Japan’s currency in five years. What Happened: This issuance of Samurai bonds...
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Powell Stock Market Drip Aggressively Bought, Important Data And Blind Money Ahead
Tuesday, October 1, 2024 - 12:57pm | 1464To gain an edge, this is what you need to know today. Important Data Ahead Please click here for an enalrged chart of SPDR S&P 500 ETF Trust (NYSE:SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows the dip in the market caused by...
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Japan's Shigeru Ishiba 'Could Be A Problem' For US, Experts Warn: 'Hardest For Americans To Read'
Tuesday, October 1, 2024 - 2:59am | 619Shigeru Ishiba has been elected as Japan’s new prime minister, replacing Fumio Kishida and raising questions about future U.S.-Japan relations. What Happened: Experts predict how Shigeru’s appointment might crop up changes in the relations between Tokyo and Washington, as reported by...
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'Asia's MicroStrategy' Metaplanet Boosts Portfolio With Fresh Acquisition Of 107 Bitcoins Worth Nearly $7M
Tuesday, October 1, 2024 - 1:38am | 497Japanese investment firm Metaplanet Inc. has boosted its Bitcoin (CRYPTO: BTC) portfolio, purchasing an additional 107.91 BTCs valued at around $6.92 million. What happened: The Tokyo Stock Exchange-listed firm disclosed its latest grab Tuesday, reaffirming its conviction in the world's largest...
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Japan's Nikkei Plummets Over 2,000 Points Amid Change Of Guard, While Chinese Market Extends Stimulus-Driven Run: What's Driving Sentiment In Asia
Monday, September 30, 2024 - 2:17am | 762The major Asian markets diverged on Monday as country-specific catalysts drove the averages to either side of the unchanged line. Amid the development, the U.S. index futures remained unchanged, with a slight positive bias. Geopolitics Weighs On Japan: Japan’s key stock market gauge, the...
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Top Mathematician Kenji Fukaya Leaves US To Join China's Tsinghua University Amid Rising Tensions
Thursday, September 19, 2024 - 9:56am | 459In a significant development, acclaimed Japanese mathematician Kenji Fukaya has left his post in the United States to take up a full-time professorship at China’s Tsinghua University. What Happened: Fukaya, formerly a permanent member of the Simons Centre for Geometry and Physics at Stony...
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US Steel Merger Faces Post-Election Decision As National Security Fears Stall Nippon Deal
Wednesday, September 18, 2024 - 11:03am | 533The U.S. national security panel, tasked with reviewing Nippon Steel‘s (OTCPK: NISTF) $14.9 billion bid for U.S. Steel (NYSE:X), is delaying its decision until after the Nov. 5 presidential election. According to Reuters, sources familiar with the matter said that the sensitive merger...
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Japan Expresses 'Serious Concerns' As Chinese Aircraft Carrier Enters Contiguous Waters Amid Rising Tensions: 'Utterly Unacceptable'
Wednesday, September 18, 2024 - 6:54am | 605A Chinese aircraft carrier entered Japan’s contiguous waters for the first time on Wednesday, drawing strong rebukes from the Japanese authorities. What Happened: The carrier, accompanied by two destroyers, sailed between Japan’s southern Yonaguni and Iriomote islands. This area extends...
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US Steel CEO Confident Nippon Deal Will Succeed Despite Biden Opposition: 'We Live By A Code'
Tuesday, September 17, 2024 - 3:11pm | 500United States Steel Corporation (NYSE:X) CEO David Burritt says he is confident that the company's potential merger with Japan's Nippon steal will go through, despite the Biden administration’s opposition to the deal. In a speech to the Detroit Economic Club Tuesday, Burritt said that the...
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13 ETFs To Own As Fed Set To Cut Rates: Analysts Highlight Utilities, Real Estate, And More
Tuesday, September 17, 2024 - 11:29am | 1241As the Federal Reserve transitions from a restrictive monetary policy to a more accommodative stance, investors are questioning how this regime change will impact various asset classes. The central bank’s shift towards lower interest rates can have far-reaching implications across equities,...
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Nvidia Supplier ASML Among Firms That Face Potential New Export Restrictions As US, Japan Move To Limit Chip Technology To China: Report
Tuesday, September 17, 2024 - 2:25am | 728Ahead of the November presidential election, the U.S. and Japan are on the verge of finalizing a deal to limit the export of chip technology to China. What Happened: The agreement aims to address loopholes in existing export rules and impose new restrictions reflecting the rapid advancements of...
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Metaplanet Acquires 38.6 Bitcoin for $2.2M, Expanding Total Holdings To 398.8 BTC
Tuesday, September 10, 2024 - 11:21am | 451Japanese company Metaplanet has announced the purchase of 38.6 Bitcoin (CRYPTO: BTC) for 300 million yen (around $2.2 million), boosting its total Bitcoin holdings to 398.8 BTC. What Happened: This acquisition follows Metaplanet’s August announcement that it would raise 10.08 billion yen to...