Why Japan’s $70 billion-plus intervention and a rate hike didn’t prop up the yen more
Japan was willing to step in to defend the yen around the 160 level before, and it’s at that point again.
CNBC Daily Open: Trump-Vance tag team takes on Iran deal critics
Trump and Vance fought back criticisms the U.S. gave “too much” to Iran in the 14-point MOU, while traders are pricing in expectations of potential rate hikes
U.S.-Iran deal in photos: ships in the Strait of Hormuz, daily life in Tehran
The first signs of a post-war recovery are emerging across the Middle East after the United States and Iran signed a memorandum aimed at ending the conflict.
Japan core inflation holds steady in May, matching expectations despite energy price concerns
Headline inflation edged up to 1.5% from 1.4%, while the so called “core-core” inflation rate, eased to 1.8% from 1.9%.
Trump claims Iran deal is ‘unconditional surrender,’ says his power has ‘no limits’: Axios
Trump said in an interview with Axios on Thursday evening stateside that he negotiated the deal to prevent the conflict from triggering a global depression.
Stock markets mixed as investors assess durability of U.S.-Iran peace deal
U.S. Vice President JD Vance on Thursday defended Trump’s interim agreement with Iran, saying any economic relief for Tehran would depend on the country complying with the terms of the deal.
Amazon investigating engineers who criticized AI data center expansion
Five Amazon employees testified at Seattle City Council meetings where officials sought feedback on a year-long data center new construction pause.
Bears step up bets against high-yield sector, shaking up bond traders
The iShares iBoxx High Yield Corporate Bond ETF (HYG) saw elevated put volume on Thursday.
Trump administration temporarily cuts student loan interest rates for borrowers on autopay
The Trump administration announced it will offer federal student loan borrowers who sign up for autopay a larger interest rate discount.
The average SpaceX buyer post-IPO is almost under water after two-day slide
Shares of SpaceX fell as much as 7% Thursday to $178, leaving the stock trading roughly in line with its volume-weighted average price of just under $180.
