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The Bank of Japan kept its policy rate unchanged at 0% to 0.1% after its monetary policy meeting. This comes after Tokyo's April inflation was lower than expected at 1.6% versus estimates of 2.2%. The BOJ will continue bond purchases in line with its March decision of around $83 billion monthly. The yen weakened further against the dollar after the decision, trading around 156 yen to the dollar. BOJ Governor said exchange rate volatility could significantly impact the economy and prices.
⏲ 0:45 👁 970K
BYD, the world's largest EV maker, predicts that electric cars will completely replace petrol vehicles. This has led to a 10% decrease in prices for 50 models in the industry. BYD's main focus is budget models, but China's EV market is slowing down. Chinese carmakers are expanding overseas to compensate for declining profits. Price competition is expected to spread to international markets. BYD, backed by Warren Buffett, recorded a record profit in 2023 with an 80.7 percent year-on-year increase.
⏲ 0:35 👁 450K
The Biden administration plans to reclassify marijuana as a Schedule III substance, placing it with drugs like Tylenol with codeine according to four sources. For over 50 years, marijuana has been a Schedule I substance, in the same category as heroin and methamphetamines. Cannabis stocks surged on the otherwise down day for markets, with ETFs like MSOS and MJUS jumping around 19-20%. Curaleaf Holdings and Trulieve Cannabis saw share price increases of 19-30% touching new 52-week highs. Schedule III classification would define marijuana as having a moderate to low potential for dependence.
⏲ 0:40 👁 405K
Bitcoin and Ether prices declined as Asian markets opened on Monday, falling around 2 to 3% amid renewed worries about stagflation in the US economy. Slower-than-expected first quarter GDP growth and persistently high inflation data have increased fears of a stagflationary environment. Traders are weighing inflation, growth, and Fed policy risks against the potential for Treasury interventions to inject funds into markets. Most bets still favor no Fed rate cuts this year, but the odds of a single cut are creeping higher against a weakening economic picture.
⏲ 0:35 👁 1.3M
McDonald's Posts , Disappointing Q1 Results , Amid Ongoing Boycotts.<br/>'The Independent' reports that McDonald's posted weaker-<br/>than-expected results in the first quarter of 2024, as a result <br/>of a boycott over the company's perceived support for Israel. .<br/>'The Independent' reports that McDonald's posted weaker-<br/>than-expected results in the first quarter of 2024, as a result <br/>of a boycott over the company's perceived support for Israel. .<br/>According to McDonald's, higher sales in the <br/>United States helped the fast-food giant overcome <br/>weakness in markets where the brand is being boycotted.<br/>According to McDonald's, higher sales in the <br/>United States helped the fast-food giant overcome <br/>weakness in markets where the brand is being boycotted.<br/>The company saw same-store sales rise by <br/>1.9% worldwide between January and March, <br/>below the Wall Street forecast of 2.1%.<br/>Increased menu pricing and delivery demand <br/>saw same-store sales in the U.S. increase by 2.5%.<br/>In international markets, sales fell <br/>by 0.2% for the first time since 2020.<br/>Despite this, McDonald's said the company's revenue <br/>increased 5% to reach $6.17 billion, while net income went <br/>up 7% to $1.93 billion, in-line with Wall Street estimates.<br/>'The Independent' reports that Muslim-majority <br/>markets like Indonesia, Malaysia and the Middle East <br/>have been boycotting McDonald's for months.<br/>The boycotts started after a McDonald's franchise in <br/>Israel announced in October that it would provide free <br/>meals for Israeli troops amid the ongoing war in Gaza.<br/>In the months since then, the company has tried to limit <br/>the fallout by taking over all 225 McDonald's in the country <br/>with the purchase of Alyonal Limited, its Israeli franchise.<br/>Our hearts remain with <br/>the communities and families <br/>impacted by the war in the Middle East. <br/>We abhor violence of any kind and <br/>firmly stand against hate speech, <br/>and we will always proudly <br/>open our doors to everyone, McDonald's statement, via 'The Indepndent'.<br/>Our hearts remain with <br/>the communities and families <br/>impacted by the war in the Middle East. <br/>We abhor violence of any kind and <br/>firmly stand against hate speech, <br/>and we will always proudly <br/>open our doors to everyone, McDonald's statement, via 'The Indepndent'
⏲ 1:30 👁 810K
Apple is set to report second-quarter earnings on Thursday, with Wall Street watching closely for updates on iPhone sales. Shares of Apple are down over 10% year-to-date in 2024, facing challenges including weaker iPhone demand in China and increased competition. Many analysts are focused on Apple's \
⏲ 0:36 👁 905K
Miami's housing market has been on a tear, with prices doubling since 2018.<br/><br/>The rapid rise is part of a larger trend across the country, but it's been particularly pronounced in Florida. Experts point to investor interest and urban development projects as some of the reasons behind Miami's booming housing market.<br/><br/>Other markets where home prices have doubled since 2018 include Tampa, Florida; Baltimore, Maryland; and Spokane, Washington.
⏲ 1:11 👁 1.9M
The pub chain’s boss has ruled out the adoption of dynamic pricing, a kind of Uber-style surge pricing for pints, which big-name rivals are reportedly adopting.
⏲ 0:36 👁 1.4M
<p>Jaimie Butler, 19, a nail tech from the West Midlands, went viral on TikTok when she used her nail gels to fix a chipped brake light on her friend's Audi.</p><br/><p>Credit: j.b.beauty</p>
⏲ 0:28 👁 1.3M
Shares of Trump Media opened above $50 a share for the first time in nearly a month on Wednesday. DJT shares rose over 8% in early trading before pulling back, continuing their stock bounce back. The stock price has increased over 50% in the past week. However, shares remain well below their opening price of over $70 after the March public debut. Trump's total stake is 65% of the company, worth $5.7 billion at $50/share.
⏲ 0:31 👁 245K
Meta's stock price fell 15% when markets opened on Thursday, wiping $190 billion off its market value. This was in reaction to Meta's pledge to increase spending on artificial intelligence technologies significantly. Meta CEO Mark Zuckerberg said AI spending would need to \
⏲ 0:39 👁 4.2M
An extensive upgrade for a successful model: The car with which Audi established the premium compact class in 1996, the A3, is sportier, more comfortable, and more digital than ever, thanks to its more progressive design, significantly extended standard equipment, and new materials and offers. Apps that can be used directly in the vehicle display, selectable daytime running light signatures, and the ability to add vehicle functions on demand any time enable a high degree of customization. The A3 allstreet, the distinctive crossover of the A3 family, is new to the market. With its characteristic off-road look, three centimeters of extra ground clearance compared to the A3 Sportback, and a raised seat position, the vehicle offers an SUV like driving experience combined with high functionality.
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