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PBoC’s new tool signals mild strength – BNY

Geoff Yu at BNY highlights that the PBoC’s new overnight liquidity tool was launched at 1.25%, below consensus and the seven-day reverse repo rate, sending a dovish signal. The facility aims to smooth short-end funding and cash market volatility. Government bond yields edged lower and USD/CNY slipped, as markets priced…

Stolen surfboard led California teen to launch world’s oldest surf shop

A surfboard stolen from a California teenager nearly seven decades ago helped launch what has become one of the world’s most recognizable handcrafted surfboard brands. FOX Business correspondent Kelly Saberi joined FOX Business’ Stuart Varney on “Varney & Co.” to highlight Harbour Surf Shop in Seal Beach, California, home to the world’s oldest surfboard manufacturing shop operating continuously from the same location. Founded after Rich Harbour decided to build his own board when his original was…

Business

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Airbnb deploys anti-party technology ahead of July 4 holiday weekend

Airbnb is rolling out its anti-party technology ahead of the July 4 weekend to address the risk of disruptive parties in communities around the country on one of the busiest travel weekends of the year. The company said its anti-party tech looks at a range of factors to help identify…

Markets

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The 5 job archetypes of the future, according to Claude Code’s creator

Job titles are changing in the AI era. Maybe you’re a “builder,” or have “forward-deployed” tacked onto your role.Claude Code creator Boris Cherny had been thinking about these changes. He wrote on X that fields like engineering, product, and design were all melting into one — and that his own team…

Investing

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