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Weakness against US Dollar seen as corrective – OCBC

OCBC’s FX strategists Sim Moh Siong and Christopher Wong note USD/CNH’s recent run-up has stalled, with the pair around 6.8020 and daily bullish momentum intact but RSI turning lower from overbought. They caution CNH may still trade on the back foot near term if Dollar strength persists, yet view recent…

Pilots react to a Boeing 777 freighter that came within feet of the ground in a ‘reckless’ stunt over Texas

A viral video shows a Boeing 777 freighter coming so close to the ground during an unusual flyover in Texas on Wednesday that people think it must be AI.The footage is real, with the plane’s wingtip appearing to come within feet of the pavement as bystanders stood just yards away. The maneuver, now under review by multiple bodies, has veteran pilots scratching their heads.”The 777’s wingspan is 200 feet across, so if the pilot clipped…

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Business

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California voters to decide on 5% billionaire tax that aims to generate 0B

California voters will decide in November whether to impose a one-time 5% tax on billionaires under a ballot measure supporters say could raise about $100 billion to help offset federal Medicaid funding cuts, despite opposition from Gov. Gavin Newsom and other state leaders. The proposal would apply to California residents…

Investing

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