UBS has identified Japanese stocks that are set to be the most affected — both positively and negatively — if the yen continues to slide against the dollar.
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UBS names the best and worst Japanese stocks to buy if the dollar-yen rises further
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U.S. budget deficit hit $316 billion in May, with annual shortfall up 14% from a year ago
The U.S. Department of the Treasury building is seen in Washington, D.C., Jan. 19, 2023. Saul Loeb | Afp | Getty Images The U.S. government drifted further into red ink during May, with a burgeoning debt and deficit issue getting worse, the Treasury Department reported Wednesday. After running a short-lived surplus in April thanks to […]
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Gold is now the world’s second-largest reserve asset — but central bank appetite is waning
An employee arranges gold bars at the Italpreziosi SpA precious metals refinery plant in Arezzo, Italy, on Tuesday, May 6, 2025. Bloomberg | Bloomberg | Getty Images Central banks’ growing appetite for gold meant that the precious metal was the second-largest global reserve asset in 2024, according to a European Central Bank report out Wednesday […]
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JPMorgan’s Jamie Dimon warns U.S. economy could soon ‘deteriorate’
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview at the JPMorgan Chase & Co. Capital Markets conference in Paris, France, on Thursday, May 15, 2025. Cyril Marcilhacy | Bloomberg | Getty Images The impacts of the pandemic-era government spending and monetary policy that helped support the U.S. economy […]
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