The Japanese yen could strengthen to 120 per dollar by the end of the year on the back of a potential BOJ policy tweak — or its total abolishment.Story Published at: April 13, 2023 at 06:59AM
The yen could reach 120 per dollar, up 20% from October’s peak
Warren Buffett’s trip to Tokyo is seen as a ‘stamp of approval’ for investing in Japan
Buffett recently revealed that he raised his stakes in the country’s top trading houses, saying he was “confounded” by the opportunity.Story Published at: April 13, 2023 at 05:51AM
Young people in Greater China are blowing their paychecks every month — even if they don’t have to
The young would rather give up on increasingly unattainable dreams like buying a house to spend on things they’re “guaranteed to get today,” one professor says.Story Published at: April 13, 2023 at 03:58AM
Singapore rent prices are still sky-high. Long-time expats are having to consider drastic changes
Foreign expats in Singapore continue to feel the pain as home rental prices remain high and show little signs of returning to pre-pandemic levels. Story Published at: April 13, 2023 at 03:31AM
Alibaba shares tumble after Softbank reportedly sells most of its stake
Alibaba shares dropped nearly 3% after a Financial Times report indicated that SoftBank sold roughly $7.2 billion worth of shares.Story Published at: April 12, 2023 at 11:26PM
ChatGPT may be able to predict stock movements, finance professor says
Alejandro Lopez-Lira, a finance professor at the University of Florida, used ChatGPT to parse news headlines for whether they’re good or bad for a stock. Story Published at: April 12, 2023 at 11:24PM
Fed expects banking crisis to cause a recession this year, minutes show
The Federal Reserve on Wednesday released minutes from its March 21-22 policy meeting.Story Published at: April 12, 2023 at 07:08PM
Most Americans are not confident in how China’s Xi will handle world affairs, Pew survey finds
Most U.S. adults have little confidence that Chinese President Xi Jinping will “do the right thing regarding world affairs,” a Pew Research Center survey found.Story Published at: April 12, 2023 at 07:00PM
IMF warns hard landing ‘within the realm of possibilities’ for U.S. economy
The IMF said Wednesday that a U.S. economic downturn remains “within the realm of possibilities,” despite encouraging data to the upside.Story Published at: April 12, 2023 at 04:20PM
Inflation rises 0.1% in March, less than expected
The consumer price index, a widely followed inflation measure, rose 0.1% for the month and 5% from a year ago, both less than expected.Story Published at: April 12, 2023 at 01:36PM