Japan’s yen surges after U.S. inflation data as traders monitor possible intervention
The dollar lost around 2% against the Japanese yen on Thursday as the market was suddenly jolted by fresh inflation U.S. data.
Financial News
As NATO meets, leaders look to ‘Trump-proof’ the military alliance
As NATO meets in Washington, the alliance is facing familiar foes and challenges. The prospect of another Donald Trump presidency is one of them.
Fed Chair Powell says holding rates high for too long could jeopardize economic growth
Setting the stage for a two-day appearance on Capitol Hill, the central bank leader said the economy remains strong as does the labor market.
The German government owns around $2 billion in bitcoin — and it’s freaking out crypto investors
For weeks, Germany’s government has been selling hundreds of millions of dollars worth of bitcoin, placing pressure on the world’s largest cryptocurrency.
France’s political future hangs in the balance as votes cast in final round of snap election
French voters are heading to the polls on Sunday for the second and final round of voting in a snap parliamentary election.
Iran elects reformist Masoud Pezeshkian in presidential runoff vote
The 69-year-old former minister will serve for four years as the head of government for the Islamic Republic, and faces no shortage of challenges.
Britain’s Labour pulled off a thumping election victory with just 34% of the national vote
Unlike in other voting systems, there are no second rounds or ranking of first- and second-choice candidates.
Landmark UK election underway as center-left Labour seeks return to power after 14 years
Polls are open from 7am to 10pm as the country elects a new parliament.
Vice President Kamala Harris’ past donors privately strategize in case Biden drops out
Vice President Kamala Harris’ allies discuss scenarios in the event that President Joe Biden decides not to keep his reelection campaign going.
Powell says Fed has made ‘quite a bit of progress’ on inflation but needs more confidence before cutting
“We’ve made quite a bit of progress and in bringing inflation back down to our target,” Powell said at a central banking forum in Sintra, Portugal.