Latest in Japan core inflation climbs to a 16 month high, boosting case for rate hikes
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Most Fed officials were worried about higher inflation, but not enough to put rate hikes on the table, minutes of December meeting show
“Almost all” Fed officials judged that the upside risks to inflation had increased, according to minutes of the Fed’s December meeting released Wednesday.MarketWatch - Jan. 8 -
Fed’s Waller backs more rate cuts, says he doesn’t think proposed Trump tariffs will spark inflation
Federal Reserve Governor Christopher Waller said Wednesday that he doesn’t think that proposed import tariffs from the incoming Trump administration will lead to upward pressure on inflation.MarketWatch - Jan. 8 -
Japan links hacker MirrorFace to dozens of cyberattacks targeting security, tech data
Japan has linked more than 200 cyberattacks over the past five years targeting the country’s national security and high technology data to a Chinese hacking group, MirrorFaceABC News - Jan. 8 -
Heating bills set to climb as millions endure bitter cold from winter storm
Heating bills are expected to rise again this winter, especially for those who warm their homes with electricity.NBC News - Jan. 8 -
China’s currency hits 16-month low on Trump tariff fears
Renminbi under pressure from stronger dollar and concerns about incoming US president’s trade plansFinancial Times - Jan. 8 -
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Trump: ‘Interest rates are far too high’
President-elect Trump on Tuesday declared interest rates are too high even as he decried still-elevated inflation, setting up renewed tensions with the central bank chair who resisted pressure cut ...The Hill - Jan. 7 -
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Eurozone inflation jumps to 2.4% in third consecutive rise
Increase damps hope that European Central Bank will boost region’s flagging economy with rate cutsFinancial Times - Jan. 7 -
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US corporate bankruptcies hit 14-year high as interest rates take toll
Consumer companies such as Party City hit by persistent inflation and weak spendingFinancial Times - Jan. 7 -
China’s yuan hits 16-month low amid fears over Trump tariffs
CSI 300 blue-chip stock index also trades weakly, hitting its lowest point since September. China’s currency hit a 16-month low on Monday, despite efforts by the central bank and stock exchanges to ...The Guardian - Jan. 6 -
Intel unveils new Core Ultra processors with 2X to 3X performance on AI apps
Intel unveiled new Intel Core Ultra 9 processors today at CES 2025 with as much as two or three times the edge performance on AI apps.VentureBeat - Jan. 6 -
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Deadly New Year's trend strikes again in Japan
Choking on mochi is so common that authorities offer tips every year on how to help someone who has the food lodged in their throat.CBS News - Jan. 6 -
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Freeman, Franklin eye boost to all Black coaches
Notre Dame's Marcus Freeman and Penn State's James Franklin are aware they are on the brink of making history in the College Football Playoff Semifinal at the Capital One Orange Bowl.ESPN - Jan. 4 -
World’s oldest person, Tomiko Itooka, dies in Japan aged 116
Itooka, who died at a care home in Ashiya, enjoyed bananas and had been a keen mountain climber. A Japanese woman who was the world’s oldest living person has died at the age of 116.. Tomiko ...The Guardian - Jan. 4 -
39-year-old's cannabis business brings in $800,000 a month—16 years after he went to prison for selling drugs
In 2023, Coss Marte opened the first adult-use cannabis dispensary on Manhattan's Lower East Side — the same neighborhood where he once sold drugs illegally.CNBC - Jan. 4 -
Mortgage rates inch up to start the year at a near six-month high. Will the housing market become more affordable in 2025?
The 30-year mortgage rate averaged at 6.91%, Freddie Mac said in its latest weekly survey on Thursday.MarketWatch - Jan. 4 -
Tomiko Itooka of Japan, World’s Oldest Person, Dies at 116
Born in 1908, she raised four children, ran a family textile factory during World War II, and remained an avid hiker into her 80s.The New York Times - Jan. 4 -
Biden blocks Japan's Nippon Steel from buying US Steel
Biden decided to scrap the deal despite concerns that it could damage Washington's relations with Tokyo.BBC News - Jan. 4 -
Why Japan is the perfect place to turn 50
A significant birthday feels less so in a country that has become a global pioneer of ageing — for better and for worseFinancial Times - Jan. 4 -
Gold prices are climbing once again. What gold assets should I invest in now?
After weeks of price dips, the price of gold is on an upswing, so investing in certain assets could pay off.CBS News - Jan. 3 -
US Steel acquisition by Japan’s Nippon blocked
Domestic steel production is essential to U.S. security, Biden said.ABC News - Jan. 3 -
Hospital flu cases rising at 'very concerning' rate, NHS England warns
The number of people with flu in hospital has quadrupled in the last month, the latest data shows.BBC News - Jan. 3 -
Biden blocks sale of U.S. Steel to Japan's Nippon Steel
President Biden has blocked the acquisition of U.S. Steel by Japanese company Nippon Steel. NBC News' Kelly O'Donnell reports on how the president came to the decision and the impact it could have.NBC News - Jan. 3 -
Why Biden blocked the U.S. Steel deal with Japan's Nippon Steel
President Biden has blocked a deal between U.S. Steel and Japan's Nippon Steel that could impact the relationship with the American ally and have global economic repercussions. CBS News' Nicole ...CBS News - Jan. 3 -
NBA Power Rankings: Knicks surging ahead of showdown vs. Thunder, Lakers climbing as LeBron turns 40
Elsewhere, the Cavs might be the best No. 2 team in the history of Power RankingsCBS Sports - Jan. 3 -
Trump boosts Johnson ahead of Speaker vote
President-elect Trump gave a public boost to Speaker Mike Johnson (R-La.) hours before House lawmakers vote to determine whether he will keep the gavel to start the next Congress and amid ...The Hill - Jan. 3 -
Biden Plans to Block Takeover Bid of U.S. Steel by Japan’s Nippon
The president’s announcement of the fate of the iconic Pennsylvania-based company, which became a contentious political issue in an election year, is expected as soon as Friday.The New York Times - Jan. 3 -
Why the U.S. economy is still strong despite the Fed’s 2022-’23 rate hikes
Something surprising happened on the way toward the highest U.S. interest rates in more than a dozen years: Neither consumers nor businesses buckled under the weight of higher borrowing costs from ...MarketWatch - Jan. 3 -
10-year Treasury yield ends not far from 7-month high as new trading year begins
Yields on U.S. government debt ended little changed on Thursday, leaving the benchmark 10-year rate near its highest level since late May.MarketWatch - Jan. 2 -
Ken Griffin's flagship hedge fund at Citadel climbs 15.1% in 2024
The billionaire investor's handful of hedge funds all posted double-digit returns in 2024, led by its tactical trading strategy.CNBC - Jan. 2 -
The Bull and Bear Case for 2025
The stock market has been on a blistering two-year rally. But Wall Street is warning that a number of factors, including Donald Trump’s policies, could slow or derail that momentumThe New York Times - Jan. 2 -
The 16 TV shows we're excited for in 2025
Whether it's returning series like "The White Lotus, "Severance" and "The Last of Us," or new shows like "Watson" and "Long Story Short," there will be plenty of TV to watch in 2025.Los Angeles Times - Jan. 2 -
Activist investors give Japan a wake-up call
A critical mass of shareholder activists are forcing companies to adjustFinancial Times - Jan. 2 -
Arsenal climb to second after Gabriel Martinelli rounds off win at Brentford
Mikel Arteta wanted to send a warning to Liverpool that Arsenal can push them all the way for the Premier League title and this was evidence that they mean business. Facing a Brentford side ...The Guardian - Jan. 1 -