MUFG’s Senior Currency Analyst Lloyd Chan argues that while geopolitical risks stay elevated, valuation metrics such as REER now show meaningful Rupiah undervaluation versus the US Dollar. The bank’s base case is for near-term Rupiah stabilisation, with USD/IDR seen at 17,000 by end-Q2 and gradually improving Rupiah performance as policy…
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California officials allege Amazon may have quietly driven up prices across the internet by pressuring retailers and brands not to undercut its listings, according to newly unsealed court evidence. The allegations, revealed Monday as part of the state’s antitrust lawsuit, claim Amazon worked behind the scenes with companies like Levi Strauss and others to influence pricing at competitors, including Walmart, Home Depot and Chewy.In one example cited by the state, Levi’s allegedly pushed Walmart to…
The US Navy has successfully tested a new air-launched jet-powered bomb, bringing the sea service…
My husband, Ethan, and I both grew up in suburban immigrant households with two fridges…
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When my daughter told me she was running in the 5th-grade track meet, memories rushed back from a time in my life when running meant everything to me. Loading audio narration… In high school, I ran varsity and was captain of my track and cross-country teams. Running was my life.…
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Kevin Warsh is set to testify on Tuesday about his nomination to be chairman of the Federal Reserve, with senators likely to press him on his views of the Fed’s 2% inflation target given the persistent price pressures affecting the U.S. economy since the pandemic. The 56-year-old Warsh, who served…
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Tim Cook is on his way out, and the internet is doing what it does best: posting memes.Cook announced on Monday that he will transition out as the CEO of Apple, with John Ternus, Apple’s senior vice president of hardware engineering, set to take the top job in September.Cook, who…
