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Monthly Archives: April 2023

Japan yen could hit 120 this year, Nomura says

A Japanese 10,000 yen and a U.S. 100 dollar banknote juxtaposed against each other in Tokyo, Japan, on Monday, June 20, 2016. Tomohiro Ohsumi | Bloomberg | Getty Images The Japanese yen could strengthen to 120 per dollar by the end of the year on the back of a change …

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Climate scientists are far from convinced

The United Nations Environment Program, the world’s leading voice on the environment, said in late February that far more research into the risks and benefits of SRM would be required before there can be any consideration for its potential deployment. David Gannon | Afp | Getty Images Billionaires including Bill …

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Warren Buffett’s trip is a ‘stamp of approval’ for investing in Japan

Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., in Fukushima Prefecture, Japan, on Monday, Nov. 21, 2011. Bloomberg | Bloomberg | Getty Images Berkshire Hathaway‘s Warren Buffett is in Japan and recently revealed that he raised his stakes in the country’s top trading houses, saying he was …

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Greater China’s young living paycheck to paycheck

Eric Hsu remembers a time when he was 10 days away from payday and had just $32 left. He had no savings. “I used the remaining money I had to buy loaves of white bread and I ate that for all three meals until my pay came in,” he told …

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Alibaba shares tumble after Softbank reportedly sells most of its stake

Alibaba Cloud, the cloud computing subsidiary of Alibaba, unveiled its ChatGPT-style product Tongyi Qianwen during the 2023 Alibaba Cloud Summit on Tuesday morning. Bloomberg | Bloomberg | Getty Images Alibaba shares dropped nearly 3% in after-hours trading after regulatory files revealed that Softbank has sold a majority of its stake …

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Rent the Runway (RENT) Q4 earnings 2022

Rent the Runway’s losses narrowed in its fiscal fourth-quarter earnings reported Wednesday as the digital retailer continues to streamline its costs and work towards profitability. Despite the improvements the company has made, its fiscal 2023 and first-quarter outlook fell short of analysts’ estimates. Its share price fell more than 6% …

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Least expensive states to start a business: SimplifyLLC ranking

Geography probably isn’t the only reason a startup succeeds or fails — but it often plays a role, especially when it comes to the costs of starting a business. Your location can affect how much you’ll pay on office space and taxes, or your ability to find and hire talented …

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Series I bond returns may drop below 4% in May, according to experts

Jetcityimage | Istock | Getty Images There’s been record-breaking demand over the past year for Series I bonds, an inflation-protected and nearly risk-free asset. But rates have been falling and the yield will decline again in May, experts say. Newly purchased I bonds currently offer 6.89% annual returns through April, …

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Egg prices crashed 11% in March — and more relief may follow

Miniseries | E+ | Getty Images Egg prices fell by almost 11% in March, the U.S. Bureau of Labor Statistics said Wednesday, following a 7% decline in February and delivering relief from record-high prices over the winter. The decrease is largely due to a recovery in egg production and weaker …

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Most Americans not confident in how China’s Xi will handle world affairs

U.S. President Joe Biden meets Chinese President Xi Jinping on the sidelines of the G-20 leaders’ summit in Bali, Indonesia, on Nov. 14, 2022. Kevin Lamarque | Reuters Most U.S. adults in a survey say they have little confidence that Chinese President Xi Jinping will “do the right thing regarding …

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