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Fed Holds Rates, Warsh Signals Hikes Ahead as Markets Slide, June 20
Fed holds rates steady but signals likely hikes in 2026. Chair Warsh’s hawkish stance and higher inflation forecasts spark market selloff.
Labor Retreats on Testamentary Trust Tax Changes, June 21
Labor retreats on testamentary discretionary trust tax changes after investor backlash, carving out exemptions for genuine trusts.
Hyogo Governor Cleared in Election Bribery Case, June 20
Hyogo Governor Saito cleared of election bribery charges. Prosecutors review board upholds no-prosecution decision on 715,000 yen PR firm payment.
Accenture Stock Plunges 18% on Weak Guidance, June 20
Accenture stock falls 18% to lowest level since 2017 after cutting revenue guidance to 4% growth amid AI and geopolitical concerns.
XRP Faces Valuation Test at $1.28 as Tokenomics Debate Heats Up
XRP trades at $1.28 with $80B market cap. Investors debate if tokenomics make it overvalued despite XRPL adoption and new tokenized asset inflows.
Crypto Casinos Surge on Polygon as No-Deposit Bonuses Lure Players
Crypto casinos on Polygon grow with no-deposit bonuses. MATIC token powers faster, cheaper gambling transactions as platforms compete for players.
MSCI Keeps Indonesia in Emerging Markets, Lowers Transparency Grade, June 20
MSCI keeps Indonesia in emerging markets but downgrades transparency rating amid foreign investor outflows and ownership opacity concerns.
Tim Ho Wan Closes Plaza Singapura Outlet After 13 Years, June 20
Tim Ho Wan closes Plaza Singapura outlet after 13 years due to mall redevelopment, offering 30% daily discounts and a farewell dinner on July 12.
U.S. Mortgage Rates Fall to 6.47% as Iran Peace Deal Eases Inflation Fears, June 19
30-year mortgage rates fall to 6.47% on Iran peace deal and lower inflation concerns. 15-year rates at 5.81%.