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JPY/USD: Japan Likely Spent $34.5 Billion in FX Intervention to Boost Yen - Bloomberg.com
Japan likely spent around $34.5 billion Thursday in its first currency intervention to prop up the yen since July 2024, according to a Bloomberg analysis of central bank accounts.
Jane Street’s Record Year Translates Into a $2.68 Million Payout Per Employee - Bloomberg.com
Jane Street Group’s journey to the top of Wall Street has been a lucrative ride for its workforce.
Private credit group Ares draws nearly $20bn from investors - Financial Times
Real estate and infrastructure commitments help offset weakness in group’s core business
AstraZeneca stock falls after FDA panel votes against new cancer drug - CNBC
The advisory panel wasn’t convinced that a clinical trial proved that early switching to camizestrant improved long-term survival rates.
The weirdest aspect of the Iran war that has befuddled oil experts - CNN
For two months, the economic narrative about the Iran war boiled down to this: Oil and gas prices are really high, exacerbating an affordability problem that could send America’s economy into the toilet. But prices aren’t as high as they should be, considerin…
Apple Delivers Strong Forecast in Sign It’s Weathering Shortages - Bloomberg.com
Apple Inc. delivered a surprisingly strong revenue forecast for the third quarter, even as it warned that memory-chip costs will increase and that shortages of Mac computers will persist for “several months.”