The end of the ‘carry trade’? How Japan’s yen could be ripping through U.S. stocks
The key driver of global markets is the yen exchange rate, according to one financial historian.
Exxon earnings beat as production in Guyana and Permian sets a record
Exxon Mobil on Friday posted its second-highest results for the second quarter in the past decade, helped by record production in Guyana and the Permian Basin.
UK lenders slash mortgages as Bank of England rate cut brings relief to homeowners
UK lenders have begun slashing their mortgage rates in a sign that financial pressure on households may be easing after the Bank of England cut interest rates
Turkey blocks Instagram throughout country amid complaints of censorship of Hamas-related posts
The Turkish government did not disclose a reason for the ban nor how long it would be in place.
Nvidia reportedly faces a U.S. DOJ antitrust probe after complaints from rivals
The U.S. Department of Justice is investigating complaints that Nvidia allegedly abused its market dominance in AI chips, The Information reported.
Intel has worst day on Wall Street in 50 years, falls to lowest price in over a decade
Intel shares cratered on Friday, dragging down Asian stocks including Samsung and TSMC as well as other chipmakers.
Nintendo profit falls 55% as sales of its ageing Switch console plunge
Nintendo sold 2.1 million units of its flagship Switch consoles, down 46% from the 3.91 million units it sold in the year ago period.
Daily Open: Stocks fall; 10-year Treasury yield drops; Apple beats Street while Amazon disappoints
U.S. stocks fell sharply on Thursday as weaker-than-expected jobs and manufacturing data sparked concerns about a rapid economic slowdown.
Singapore’s monetary authority sets up review group in bid to revive its equities market
MAS said one goal will be to identify methods for encouraging participation, including from capital market intermediaries, investors and listed companies.
Japan’s stock rout shows a ‘fundamental shift’ is underway, Goldman Sachs’ equity strategist says
On Friday itself, the Nikkei 225 and the Topix indexes saw their worst days since March 2020, falling more than 5%, according to Factset data.
