In a bold move, Naoki Tamura, a hawkish policymaker at the Bank of Japan, has publicly stated that the central bank must raise interest rates to at least 1% by the second half of the next fiscal year. This marks the first time a BOJ official has specified a target rate for short-term borrowing costs.
2024
The Broadway debut of Robert Downey Jr. in Ayad Akhtar’s play at Lincoln Center’s Vivian Beaumont Theater proved to be a massive success. The play garnered a substantial amount of revenue, grossing $746,230 in just four previews. Downey’s portrayal of a Pulitzer runner-up author with an obsession for Artificial Intelligence captivated audiences and led to
The U.S. presidential election is a significant event that resonates throughout the global financial markets, impacting not only the United States but also emerging markets (EMs) worldwide. As the largest economy globally, the U.S. plays a pivotal role in shaping financial conditions worldwide through its economic policies, trade strategies, and geopolitical relationships. With the upcoming
In 2024, exchange-traded fund (ETF) inflows have hit record highs, with managers anticipating a potential impact from the booming money market fund industry. The influx of over $6 trillion into money market funds has raised concerns and possibilities for the market, according to Nate Geraci, president of The ETF Store. This surge in assets comes
As we delve into the world of stock trading and investment trends, it is crucial to observe the performance of different companies and sectors. One such example is Broadcom, a tech giant that has been making waves in the industry. With a significant presence in the VanEck Semiconductor ETF (SMH), Broadcom holds the title of
The first weekend of The Roommate, a new play by Jen Silverman, drew in crowds eager to see legends Patti LuPone and Mia Farrow on stage at the Booth Theatre. The play, which explores the dynamics of intimacy between two very different women, had an impressive start with over 100% capacity and a gross of
Recent data suggests that Bank Negara Malaysia (BNM) is likely to keep its key interest rate steady as the country’s economic growth remains robust and inflation is under control. Despite the current inflation rate of 2.0%, BNM has successfully kept it in check. Additionally, the Malaysian ringgit has shown signs of strength, transitioning from one
China’s manufacturing sector experienced a slowdown in August, hitting a six-month low, according to an official factory survey released recently. This decline has raised expectations that policymakers will introduce new strategies to channel more stimulus towards households rather than infrastructure projects. Manufacturing PMI Decline The official Purchasing Managers’ Index (PMI) dropped to 49.1 in August,
CNBC TV’s producers closely monitored the tech earnings parade on Thursday, with a particular focus on Marvell Technology. The stock surged about 8% after hours following better-than-expected revenue and a strong forecast for the latest quarter. Despite this positive news, Marvell is still down 18% from its March high. Interestingly, Marvell is the 17th biggest
The Bank of Israel is facing a challenging economic environment, characterized by rising inflation and persistent geopolitical risks. Deputy governor Andrew Abir recently stated that the central bank is unlikely to lower short-term interest rates in the remaining policy meetings of 2024. This decision comes at a time when concerns about inflation, fueled by the
Despite an inflation-fueled sales slump that hit the toy industry in the first half of 2024, Lego managed to outperform its competitors, with revenue jumping 13% in the first six months of the year. Niels Christiansen, CEO of the Danish toymaker, attributed this success to the strength of Lego Icons, Lego Creator, and the partnership
As the summer season on Broadway comes to a close, the total grosses for the week ending August 25th were down by approximately 10% compared to the previous week. This decline can be attributed, at least in part, to the summer edition of Kids‘ Night on Broadway, where 19 out of 24 shows offered free
Ignoring a big tax bill can have serious repercussions when it comes to your passport. Recent years have seen an increase in cases where the federal government revokes or limits passports due to seriously delinquent tax debts. It is crucial for taxpayers to understand the potential risks involved in ignoring their tax obligations. A “seriously
One of the major analyst moves in the AI sector this week came from Evercore ISI, recommending a buy on Nvidia (NASDAQ:NVDA) stock ahead of its upcoming earnings report. The investment bank believes that recent concerns about potential delays in the release of the Blackwell system are unwarranted. They point to the strong demand for