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The Japanese yen weakened to 160 against the U.S. dollar in Monday morning trading in Asia.The yen has traded around 150 or weaker against the dollar since the Bank of Japan ended its negative interest rate regime in March.Japanese authorities have repeatedly warned against "excessive" moves in the yen, but have mad...

Fed Chair Jerome Powell said the U.S. economy has not seen inflation come back to the central bank's goal, pointing to the further unlikelihood that interest rate cuts are in the offing anytime soon."The recent data have clearly not given us greater confidence, and instead indicate that it's likely to take longer th...

Job creation in March easily topped expectations in a sign of continued acceleration for what has been a bustling and resilient labor market.Nonfarm payrolls increased 303,000 for the month, well above the Dow Jones estimate for a rise of 200,000 and higher than the downwardly revised 270,000 gain in February, the L...

The Dow Jones Industrial Average ended Thursday down 530.16 points, or 1.35%, marking its fourth day of losses. The S&P 500 closed 1.23% lower, and the Nasdaq Composite finished the day down 1.4%.All three indexes are on track to end the week with losses.— Pia SinghStorage tanks are seen at Marathon Petroleum's Los ...

Shares in Trump Media & Technology Group fell sharply after the company reported a net loss of $58 million in 2023.The newly publicly traded social media company of former President Donald Trump had total revenue of just $4.1 million last year, according to a filing with the Securities and Exchange Commission.A year...

Xiaomi CEO Lei Jun said the standard version of the SU7 will sell for 215,900 yuan ($30,408) in the country — a price he acknowledged would mean the company was selling each car at a loss.Tesla's Model 3 starts at 245,900 yuan in China.Lei claimed the standard version of the SU7 beat the Model 3 on more than 90% of ...

Bruce Carnegie-Brown, chair of insurance giant Lloyd's of London, told CNBC that the payout from the Baltimore bridge collapse and its knock-on effects could be "the largest-ever marine insured loss."He added that it would still be within the "realistic disaster scenario planning" of the insurance and reinsurance in...

Jakub Porzycki | Nurphoto | Getty ImagesAmazon is making its largest outside investment in its three-decade history as it looks to gain an edge in the artificial intelligence race. The tech giant said it will spend another $2.75 billion backing Anthropic, a San Francisco-based startup that's widely viewed as a front...

Saudi Aramco CEO Amin Nasser said the current energy transition strategy is failing.The world should give up on the idea of phasing out oil and gas, Nasser said.The CEO called for a reset of the strategy that focuses on reducing emissions, not phasing out oil and gas. Amin Nasser, CEO of Saudi Aramco, speaks at the ...

"For real estate companies that are seriously insolvent and have lost the ability to operate, those that must go bankrupt should go bankrupt, or be restructured, in accordance with the law and market principles," Ni Hong, Minister of Housing and Urban-Rural Development, said at a press conference Saturday.That's acc...

Saudi state-controlled Aramco suspended its capacity expansion plans because of the green transition, Saudi energy minister Abdulaziz bin Salman said Monday."I think we postponed this [Aramco capacity] investment simply because … we're transitioning. And transitioning means that even our oil company, which used to b...

Illustration by Elham AtaeiazarDaryn Carr is no stranger to side hustles. After his mom died from Covid in 2020, he used funds from her pension to pay off some bills and buy a car. With the remaining money, he invested in crypto and started an ATM business. One day in 2022, while scrolling through Instagram, he came...

A host of companies including Ecosia, Qwant and Shibsted have signed an open letter accusing Big Tech "gatekeepers" of not doing enough to engage effectively with them and others.The firms have called on the European Commission and the European Parliament to do everything in their power to ensure the gatekeepers com...

The U.S. Securities and Exchange Commission on Wednesday approved rule changes to allow the creation of bitcoin exchange-traded funds in the U.S., a long-awaited move that will give regular investors access to the controversial and volatile cryptocurrency.The decision will likely lead to the conversion of the Graysc...

The Federal Aviation Administration on Saturday ordered airlines to ground more than 170 Boeing 737 Max 9 aircraft for inspections.United has about 80 Boeing 737 Max 9 aircraft, though some of them recently underwent routine inspections.Alaska Airlines Flight 1282 made an emergency landing after a panel on the side ...

December's jobs report showed employers added 216,000 jobs for the month while the unemployment rate held at 3.7%. That compared with respective estimates of 170,000 and 3.8%.The hiring boost came from a gain of 52,000 in government jobs and another 38,000 in health care-related fields such as ambulatory health-care...