Stocks slide ahead of Powell’s speech

Stocks slide ahead of Powell’s speech

Traders work on the floor of the New York Stock Exchange during morning trading on August 12, 2024 in New York City.  Michael M. Santiago | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they … Read more

Market rout has more to do with end of cheap funding than U.S. economy

Market rout has more to do with end of cheap funding than U.S. economy

The meltdown in world equity markets in recent days is more reflective of a wind-down of carry trades used by investors to juice their bets than a hard and fast shift in the U.S. economic outlook, analysts say. While Friday’s (August 2, 2024) weaker-than-expected U.S. jobs data was the catalyst for the market sell-off, with … Read more

Commentary: New yen notes hold lessons for Japan today

Commentary: New yen notes hold lessons for Japan today

LESSONS FOR TODAY The nation of today can continue to learn from the experiences of all three. The first takeaway is the value of exposure to new ideas. The trio had formative international education, assimilating what was then cutting-edge knowledge before bringing it back home. Today, the number of Japanese studying overseas is falling, and … Read more

‘Black Company’ in Japan Forces US Worker to Resign And Refuses to Pay Last Pay Cheque

‘Black Company’ in Japan Forces US Worker to Resign And Refuses to Pay Last Pay Cheque

After he was offered a new job, River Hodge moved to Japan from the US shortly after the COVID-19 pandemic. Having only worked in Japan for a few months, Hodge posted a TikTok, telling his followers that he had signed a contract with a corrupt company – known as a “black company” in Japan. Hodge … Read more