Author: Daniel snow
Bowl of white rice at Bamboo Sushi restaurant in San Ramon, California, January 23, 2022.Gado | Archive Photos | Getty ImagesJapan’s farm minister Taku Eto stepped down on Wednesday, domestic media reported, following public outrage over his comments on getting free rice.Eto said on Sunday that he has never had to buy rice as he received ample amounts of the grain as gifts from supporters — a comment that struck a nerve with locals struggling with rocketing prices of the beloved staple.Japan has been grappling with soaring rice prices for months as inclement weather and the country’s long-held policy to…
Asia FX gains as dollar dips amid Trump tax bill doubts, G7 meeting Source link
Crude oil prices rose Tuesday night, following a report that Israel is gearing up for a possible strike against Iran’s nuclear facilities. Source link
Dayu Dara Permata, 36, is the co-founder and CEO of Indonesian property transaction platform Pinhome.Courtesy of PinhomeIt’s no secret that building a successful startup often involves risk, iteration and failure. Dayu Dara Permata knows this well.The 36-year-old is the co-founder and CEO of Indonesian property transaction platform Pinhome. Over the course of about five years, she went from bootstrapping the business out of her own garage to raising over $75 million to date, according to a company representative and data from PitchBook.”Entrepreneurship is really hard. There’s no instant success … You just have to be ready to fail,” Permata told…
PLANO, Texas — The top-selling SUV in the United States will exclusively be offered as a hybrid model as part of a redesign of the RAV4 lineup, Toyota Motor announced Tuesday night.The world’s largest automaker said the 2026 Toyota RAV4 only will be offered as a hybrid or plug-in hybrid, eliminating a traditional gas engine in the vehicle for the first time. It will still have a 2.5-liter four-cylinder engine, but with hybrid technologies such as batteries and electric motors.Despite a slower-than-expected adoption of all-electric vehicles, automakers have looked to hybrid models — which combine electric vehicle technologies with traditional…
Vehicles awaiting shipment are parked at a port on March 27, 2025 in Yokohama, Japan. U.S. Tomohiro Ohsumi | Getty ImagesJapan exports slowed for a second straight month, government data showed Wednesday, as the country reels under U.S. President Donald Trump’s sweeping tariffs.Exports growth of 2% was in line with Reuters-polled analysts’ estimates, its slowest since October last year and the worst showing since September when exports contracted 1.7%.The country’s imports shrank 2.2% from a year ago, less than estimates of a 4.5% decline.Japan’s real gross domestic product contracted an annualized 0.7% in the first quarter this year, preliminary government data…
Palo Alto Networks shares fell Tuesday evening despite reporting better-than-expected earnings and revenue for its April quarter. We’ve seen the stock drop on earnings reports before due to lofty investor expectations, before ultimately recovering. This time may not be any different. Revenue in the cybersecurity company’s fiscal 2025 third quarter increased 15% year over year to $2.29 billion, exceeding the Wall Street consensus estimate of $2.28 billion, according to LSEG. Adjusted earnings per share (EPS) increased 21% to 80 cents in the quarter, ahead of the 77-cent LSEG consensus estimate. PANW YTD mountain Palo Alto’s year-to-date stock performance. Bottom line…
CNBC’s Jim Cramer examined Tuesday’s market action and said rising bond yields drove a number of stock moves as Wall Street waits for lawmakers to pass a federal budget bill.”The bad news is that rates are threatening to break out to the upside,” he said. “And if they can’t stay calm, if they jump to a new, higher level while Congress works on the budget bill, we’re liable to have more days like today, where you need a plethora of positive themes for any given stock to break free from the gravitational pull of these darn miserable Treasurys.”The indexes retreated on…
U.S. President Donald Trump makes an announcement regarding the Golden Dome missile defense shield next to U.S. Defense Secretary Pete Hegseth in the Oval Office of the White House in Washington, D.C., U.S., May 20, 2025. Kevin Lamarque | ReutersPresident Donald Trump rolled out plans for a multibillion dollar ‘Golden Dome’ missile defense shield system Tuesday, and said that he anticipated it could be operational in roughly three years.”Once fully constructed, the Golden Dome will be capable of intercepting missiles even if they are launched from other sides of the world and even if they are launched from space, and…
Thomas Fuller | SOPA Images | Lightrocket | Getty ImagesApple approved the Epic Games title Fortnite on Tuesday, returning the first-person shooter game to the App Store in the U.S., five years after its removal.Fortnite was kicked off the App Store in 2020 after Epic updated its game over the web to take payments directly, instead of through Apple’s in-app payment mechanism, which takes fees up to 30%. The move angered Apple and kicked off a years-long legal battle.Last month, Epic scored a victory in court, when a judge ruled that Apple wasn’t allowed to charge a commission when apps…