Day: March 17, 2025
Asia-Pacific markets set to rise as Wall Street bounces on retail sales data
Yukinori Hasumi | Moment | Getty Images Asia-Pacific markets are set to rise on Tuesday, tracking gains on Wall Street, which ticked up after retail sales data appeared to ease recession concerns. Investors will be keeping a close watch on Japanese markets, as the Bank of Japan kicks off its two-day monetary policy meeting on […]
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Japan lacks workers to care for the elderly. This company is using AI to help
Mikio Okumura, group CEO and president of Sompo Holdings Inc. Bloomberg | Bloomberg | Getty Images Sompo Holdings, Inc., one of Japan’s biggest insurance companies, says it’s using artificial intelligence to help alleviate a critical shortage of workers needed to care for the country’s aging population. AI and other technology can replace tasks normally performed […]
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Singapore is more expensive than regional peers. So it’s using a different playbook to attract visitors
British national Tony Cross first set foot in Singapore in 1992, when the city-state’s main draws were its glitzy malls, the pulsating Zouk nightclub and the renowned Singapore Zoo. Today, shopping has taken a backseat, as prices for goods have climbed alongside commercial rents in a city where space is scarce. And, Singapore’s once-thriving clubbing […]
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Trump’s World Liberty Financial crypto project says it sold $550 million in tokens
The World Liberty Financial website arranged on a smartphone in New York, US, on Wednesday, Feb. 12, 2025. Gabby Jones | Bloomberg | Getty Images President Donald Trump’s World Liberty Financial crypto project said on Monday that it raised $250 million in its second token sale, bringing the total amount of coins sold to $550 […]
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DOJ seeks to boot judge questioning Trump deportations, lawyer warns of ‘constitutional crisis’
U.S. President Donald Trump speaks to the media during a guided tour of the John F. Kennedy Center for the Performing Arts before leading a board meeting on March 17, 2025 in Washington, DC. Chip Somodevilla | Getty Images The Department of Justice on Monday asked a federal appeals court in Washington, D.C., to replace […]
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Trump nominates Republic Airways CEO Bryan Bedford as US FAA head
FILE PHOTO: Republic CEO Bryan Bedford speaks during a news conference, Tuesday, April 13, 2010, in Milwaukee. Morry Gash | AP U.S. President Donald Trump nominated Republic Airways CEO Bryan Bedford as the administrator of the Federal Aviation Administration, he said on social media on Monday. The position requires Senate confirmation. “Brian brings over three decades of experience […]
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Trump picks Fed Governor Michelle Bowman to replace Michael Barr as Fed’s supervision head
US Federal Reserve Governor Michelle Bowman attends a “Fed Listens” event at the Federal Reserve headquarters in Washington, DC, on October 4, 2019. Eric Baradat | AFP | Getty Images President Donald Trump announced Monday he has chosen Federal Reserve Governor Michelle Bowman to take over the central bank’s top supervisory role. The announcement comes […]
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This startup is creating a global tech platform for recycled wood
Each year 36 million trees fall due to decay, disease, natural disasters or clearing for new development. The vast majority of those trees are either burned, sent to a landfill or ground up for mulch, which wastes energy and causes carbon emissions. Now, new technology is being used to find, transport and recycle that wood […]
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These fixed income assets have yields that top 5%. How to get the most out of them
As investors hunt for solid yields, many are turning to collateralized loan obligations. The products, which are pools of floating-rate loans to businesses, have seen an uptick in interest. A record $25.6 billion poured into bank loan and CLO exchange-traded funds last year, according to State Street . While the bulk of the market is […]
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Wholesale egg prices have ‘plunged,’ analyst says — shoppers may soon see some relief
Key Points Wholesale egg prices have fallen more than 40% since the end of February. The pullback comes amid a reprieve from major bird flu outbreaks so far in March and weaker consumer demand, which have helped the nation’s egg supply to start recovering. Retail egg prices broke a record high in February. It’s unclear […]
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