Author: kumbhorg

MUFG’s Michael Wan highlights that Japanese authorities likely intervened in FX markets as USD/JPY dropped from near 160 to below 157, with estimated operations of JPY5-6 trillion. He notes these efforts mirror past interventions in 2022 and 2024. MUFG’s base case is for two Bank of Japan (BoJ) rate hikes and a gradual USD/JPY move toward 152.Authorities lean on intervention and BoJ hikes”In particular, USD/JPY fell sharply from a peak of closer to 160 to slightly below 157 at the time of writing, with likely FX intervention on Thursday evening Asia time to help to push down USD/JPY.””Estimates by market…

Why The Excitement Around AI Learning Is Justified Everyone’s racing to “enable AI.” But in the rush to move fast, are we actually helping people learn, or just helping them feel like they have? Five years ago, if someone had asked me to explain Machine Learning, I would have confidently opened three browser tabs, speed-read them, and still quietly hoped no one asked a follow-up question. Today, I can not only understand the basics but also hold my own in real conversations about embedding AI into learning experiences. Without defaulting to “personalization engine” every five minutes. That shift matters to…

Terri Irwin and son Robert Irwin have revealed why Bindi Irwin missed the third annual Steve Irwin Gala again this year.The duo were all smiles as they hit the red carpet for the event in Las Vegas on Saturday evening when they revealed Bindi, 27, is lying low and recuperating amid her battle with endometriosis.The Wildlife Warrior and mother-of-one, who is married to American former wakeboarder Chandler Powell, 29, also missed the gala event last year due to a ruptured appendix.The real reason Bindi Irwin skipped the Steve Irwin Gala this year. Terri and Robert are seen at the event.…

The 13th Annual Chicago Critics Film Festival, an event for which I am the co-producer and several other RogerEbert.com contributors are programmers, launches this week at the Music Box Theatre, where over two dozen Chicago premieres will unfold to the biggest audiences the festival has seen to date. As headlines screech about the divide between critics and moviegoers, CCFF serves as a counterargument, bringing together people who write about movies, those who make them, and those who love them. In just the last few years, CCFF ticket buyers have been treated to the Chicago premieres of “Ghostlight,” “I Saw the…

President Donald Trump is discovering what Joe Biden learned the hard way: voters don’t easily forgive price increases. Despite inflation cooling from its peak, two-thirds of Americans disapprove of how Trump is handling inflation, according to an April Economist/YouGov poll. The Republican Party’s victory lap over no tax on tips and no tax on overtime rings hollow, considering persistent public frustration with the cost of living. It doesn’t help that Trump’s tariff war and the war in Iran are further fueling rising prices. And voter frustration isn’t just about recent price changes. It’s also about the lasting damage from the…

The Narendra Modi Stadium in Ahmedabad bore witness to a high-octane cricketing spectacle on Sunday, as the Gujarat Titans (GT) secured a breathtaking 4-wicket victory over the Punjab Kings (PBKS) in the 46th match of the IPL 2026 season. In a contest that swung like a pendulum, GT managed to hold their nerve till the end of the game, successfully chasing down a target of 164 to solidify their standing in the points table.Jason Holder’s 4-fer dismantles PBKS’ batting line-up in first inningsWinning the toss and electing to bowl, Shubman Gill’s decision was immediately vindicated by his pace battery. The…

The Los Angeles Kings will do a bit of a coaching search Eric Stephens: Los Angeles Kings GM Ken Holland said that he’ll be talking to other people this week about the Kings head coaching position. Interim coach D.J. Smith is a candidate. Keys to the offseason for the Utah Mammoth Ryan S. Clarke and Kristen Shilton of ESPN: Looking at the keys to the offseason for the Utah Mammoth. Projected cap space: $14.3 million2026 draft picks: 1st, 3rd, 3rd (CAR), 4th, 5th, 5th (CHI), 7th If the Toronto Maple Leafs Want to Make a Big Change, Should they Consider Auston Matthews…

The BBC takes a look in charts at what the UAE’s departure could mean for the oil cartel and more widely.

Filmmaker Eugene Jarecki and tech entrepreneur Jack Dorsey took the stage Wednesday to discuss The Six Billion Dollar Man, Jarecki’s documentary on Julian Assange, and the role the bitcoin community may play in getting it to the public — a conversation that stretched from censorship and surveillance to Satoshi Nakamoto and the original principles of the internet. Dorsey joined the panel virtually. The setting itself carried weight: Jarecki told the crowd that the casino sitting close to where he stood had ties to the private security firm that spied on Assange while he lived inside London’s Ecuadorian Embassy — a…

Shakira performed her greatest hits to a vast crowd at a free concert on Copacabana beach in Rio de Janeiro on Saturday night.About two million people came to watch the Colombian pop-star perform, according to a social media post by Rio de Janeiro Mayor Eduardo Cavaliere.However, BBC Verify analysis of a previous 2025 Lady Gaga concert on Copacabana beach found these crowd numbers are likely inflated.The ‘Todo Mundo no Rio’ mega-concert was funded by the city in an effort to revitalise the local economy, with officials estimating the event would generate approximately R$800 million (£118m) for Brazil.