(Bloomberg) — Foreign-exchange margin traders in Japan unwound long yen positions as the currency strengthened past the key psychological level of 140 yen per dollar on Monday for the first time in a year.Most Read from BloombergNet-long positions for the yen against the dollar decreased to a level not seen in about four months on Monday, according to data from the Tokyo Financial Exchange’s FX trading platform Click 365.The number of open positions for buying dollars and selling yen also increased to a level not seen since late July, indicating that individual investors moved to sell yen in response to…
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People crossing street in Tokyo’s busy Akihabara downtown areaLeopatrizi | Istock | Getty ImagesJapan commemorated its “Respect for the Aged Day” earlier this week, with the national holiday underscoring a somewhat problematic fact — the country has a record number of elderly citizens to celebrate. Government data released ahead of the event showed that Japan’s population aged 65 and over had risen to an all-time high of 36.25 million.While the country’s overall population has been declining, the segment of those aged 65 and above has grown to 29.3% of the population, the highest share of any country, according to the Statistics…
Image source: Getty Images I’m on a mission to grow my Stocks and Shares ISA to £1m, or as close as I can. With the right plan, discipline, and time, it’s a target I’m determined to hit. I’ve already started and I’m part way there, but if I was starting from the beginning, this is what I’d do. Filling the pot First, I’d aim to fill my Stocks and Shares ISA as much as possible. Right now, the maximum I can add is £20,000 a year. But a single year’s subscription would likely take many decades to reach millionaire status.…
(Reuters) -Boeing and its largest union will resume contract talks on Wednesday, in the presence of federal mediators, after failing to agree on key issues of wages and pensions on Tuesday, the International Association of Machinists and Aerospace Workers (IAM) said. Boeing (NYSE:) and the U.S. Federal Mediation & Conciliation Service did not immediately respond to an email seeking comment. Last week, 94.6% of IAM’s more-than-30,000 members, including workers who produce Boeing’s top-selling 737 MAX and other jets in the Seattle and Portland areas, rejected Boeing’s offer and 96% favored a strike. The rejected four-year deal included a general wage…
Starbucks North America CEO Michael Conway Quits After Just 6 Months In The PositionIn a surprising move, Michael Conway, Starbucks (NASDAQ:SBUX) North America CEO, has resigned after only six months in the role.What Happened: Conway, who took on the position in April, informed the company of his decision last week, as per a Securities and Exchange Commission filing. He will remain with the company until November 30 to assist with the leadership transition, concluding his 11-year tenure at Starbucks, Business Insider reported on Tuesday.Don’t Miss:Before his North American CEO role, Conway served as group president of international and channel development…
LONDON – Crown LNG Holdings Limited, a company specializing in LNG infrastructure for extreme weather conditions, has been notified by of non-compliance with the exchange’s minimum bid price requirement. On September 3, 2024, Crown LNG received a Notification Letter from the Listings Qualifications Department of Nasdaq, indicating that the company’s common stock had not met the minimum closing bid price of $1.00 per share for 30 consecutive business days, as mandated by Nasdaq Listing Rule 5550(a)(2).The notification does not immediately affect Crown LNG’s stock listing or trading on the Nasdaq Capital Market. The company has been granted a 180-day period,…
The city council this week plans to vote on a proposed budget that could include $5 million in new spending, but also consider a tax rate that raises no more money at a time when new construction and increased property values increased revenue by only $2.3 million.Such a vote would create a shortfall of about $2.7 million and might result in a hiring freeze, administrators said.Council members Thursday are expected to vote on a budget proposed at $509.1 million and a no-new-revenue tax rate.The council had considered a tax rate of 42 cents on every $100 of taxable property value,…
Double-digit returns for some small-cap exchange-traded funds have not been enough to close the gap on their larger counterparts so far in 2024. As mega-cap stocks grab headlines and hit fresh highs, small caps are increasingly relegated to the periphery and contradict the investing proverb: Higher risk = higher return.As one of Eugene Fama and Kenneth French’s original three investment factors, small companies should offer investors reliable outperformance thanks to heightened risk. This proved true in their extensive backtests. Over the years, numerous small-cap mutual funds and ETFs launched, hoping to latch onto this outperformance. Some did better than others,…
NEW YORK — Former President Donald Trump alluded to “bad things” that happened in the wake of the 2020 election, and quipped about politics being a “dangerous business,” as he returned to the campaign trail Tuesday for the first time since the apparent assassination attempt over the weekend.After speaking briefly by phone with Vice President Kamala Harris, who told him she was grateful he was safe, Trump answered questions from supporters at a town hall-style event in battleground Michigan, promising to quash immigration and boost the fossil fuel industry.“On day one we’re gonna do two things: closing the border and…
While it’s been 10 years since Eva Mendes appeared on the big screen, she’s still keeping a door open for a potential return to acting. The actress recently stopped by Good Morning America to chat about her debut children’s book, Desi, Mami, and the Never-Ending Worries, when she was asked if she would ever come back to Hollywood. “I don’t know. If there’s interesting roles. I left at a time where, 10 years ago, I kind of felt like I did it, ya know, I just worked with Ryan Gosling. He’s like the best,” she said with a laugh. “It…