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Is the Japanese Yen Still a Safe Haven Amid 2024's Volatile Swings?

The Japanese yen has experienced significant volatility throughout 2024, challenging its reputation as a safe-haven currency. Earlier this year, the yen weakened to levels not seen since 1986, prompting intervention from the Bank of Japan (BOJ) in both May and July to stabilize the currency. However, the yen saw a

Global Shares Hover Near Record Highs as Markets Await Powell's Jackson Hole Speech

Global stock markets remained near all-time highs on Friday, with the MSCI All Country World Index just 1% below its peak from mid-July. Investors are closely monitoring the upcoming speech by Federal Reserve Chair Jerome Powell at the Kansas City Fed’s annual Jackson Hole Research conference for insights on

Key Highlights from the Democratic Convention: Kamala Harris's Ambitious Vision and the Road Ahead

The Democratic Convention in Chicago marked a pivotal moment in the party’s campaign as Kamala Harris accepted the nomination, setting the stage for a potential historic presidency. The event, charged with optimism and strategic positioning, highlighted several key takeaways: 1. Harris’s Grounded Approach: Kamala Harris’s acceptance speech

Kamala Harris Unveils $5 Trillion Tax Plan: Key Details and Implications

Vice President Kamala Harris has recently presented her most comprehensive policy proposal to date: a substantial $5 trillion in tax increases projected over the next decade. This initiative aligns closely with the tax proposals put forth by the Biden administration earlier this year. The core of Harris’s plan focuses

U.S. Postal Service Aims to Save $30 Billion Over 10 Years with Operational Changes

The U.S. Postal Service (USPS) announced on Thursday a strategic plan designed to achieve approximately $30 billion in savings over the next decade. The initiative includes a range of proposed changes aimed at optimizing its operations and improving service efficiency. Key elements of the plan involve adjusting pick-up and

China’s Robot Makers Race to Compete with Tesla in Developing Cost-Effective Humanoid Workers

China is ramping up its efforts to challenge Tesla in the burgeoning field of humanoid robots, aiming to replicate its success in the electric vehicle (EV) market. At the World Robot Conference held this week in Beijing, over two dozen Chinese companies showcased their latest humanoid robots, designed to automate

Infineon Agrees to Pay $837 Million to Settle Long-Running Qimonda Dispute

Infineon Technologies AG has announced that it has successfully reached a settlement with the insolvency administrator of Qimonda AG, agreeing to pay €753.5 million (approximately $837.21 million) to resolve a lengthy and complex legal dispute. This settlement marks the end of a protracted legal battle that began over