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Japan’s Non-Life Insurers Sell ¥1.64 Trillion in Cross-Held Shares

Japan’s largest non-life insurers sold ¥1.64 trillion ($11B) of cross-held shares in April-December 2023, nearly 90% of their planned ¥1.84T divestitures by March 2025. The sales aim to improve governance and reduce cozy ties, with proceeds used for shareholder returns, acquisitions, and investments

Trump's Inflation Promise Complicates as CPI Heats Up, Fed Stands Pat

Trump's Inflation Pledge Complicated by Hot CPI, Putting Pressure on Fed, Economy, and Stocks

Wall Street's DEI Retreats Face Conservative Backlash

JPMorgan CEO Jamie Dimon expresses skepticism about DEI initiatives, while rivals like Goldman Sachs adjust policies amid conservative pressure.

NNVC Reports Q2 Loss

NanoViricides Inc. (NNVC) reported a loss of $2 million in its fiscal Q2.

Figure AI Targets $39.5 Billion Valuation in $1.5 Billion Funding Round

Robotics startup Figure AI is in talks to raise $1.5 billion in funding at a $39.5 billion valuation, positioning it as a key player in the competitive field of humanoid robotics.

Intel Stock Jumps on AI Hype and TSMC JV Rumors

Intel stock surged 23% this week on speculation of a joint venture with TSMC to bolster domestic AI chip production.

Oil Seesaws as Iran Supply Worries Clash With Trade War Threat

Oil prices swing amid US-Iran tensions and trade war concerns. WTI and Brent futures settle in negative territory as worries about demand weigh.

Airbnb Aims to Expand Beyond Vacation Rentals, Take on Amazon

Airbnb stock surged over 14% after earnings beat as CEO Brian Chesky outlined plans to transform the vacation home marketplace app into a one-stop shop for all travel and living needs, similar to Amazon.

Trump's Achilles' Heel: Interest Rates Rise Despite His Demanding Lower Rates

President Trump's efforts to lower interest rates are being challenged by stubborn markets, despite his push for deregulation and tax cuts. Rising bond yields, driven by inflation concerns, signal potential economic headwinds, raising worries about mortgage rates and business lending. Trump's frustration with the Federal Reserve highlights the limits of his control over long-term rates, potentially leading to further market volatility.

Egg-Flation: The Egg Shortage and Its Impact on Inflation Expectations

Egg prices are soaring due to an avian flu outbreak. While the Fed doesn't include egg prices in core inflation measures, rising egg prices could lead to higher consumer inflation expectations, which could trigger a pull-forward in demand and upward pricing pressure. The Fed has no choice but to keep interest rates higher for longer to avoid repeating the mistakes of the 1970s.