Japanese Bonds Crater After PM Takaichi Prepares To Issue Much More Debt To Pay For Gasoline Subsidies

Ford Sales Post Sharp 14.4% Decline In April As EV & Hybrid Sales Plunge Ford Motor Company posted a sharp sales decline in April as demand for new vehicles cooled across much of the auto industry, with the company reporting a 14.4% drop year over year to 178,667 vehicles sold, according to Autoevolution. The weaker month pushed Ford’s year-to-date total to roughly 636,000 deliveries — still ahead of Hyundai Motor Company and Kia Corporation, but well behind Toyota Motor North America. Autoevolution writes that the slowdown comes as automakers face softer demand...

Alan Greenspan, Longtime Fed Chair And "Maestro" Of Markets, Dies At 100 Alan Greenspan, the former Federal Reserve chairman who led the central bank from 1987 to 2006, under four presidents, died at 100 from complications of Parkinson's disease, NBC News reported. Greenspan became known as the "maestro" of monetary policy, spanning one of the longest and strongest economic expansions in U.S. history, marked by booming stocks, rising home prices, low unemployment, and confidence that he could steer markets through financial crises. "Alan passed away at our home this morning at the...

Trump Administration Set To Receive $10 Billion Fee From TikTok U.S. Deal The Trump administration is poised to receive roughly $10 billion in payments from investors involved in the recently completed transaction to take control of TikTok’s U.S. operations, delivering an unusual financial windfall tied to the government’s role in keeping the popular social-media platform active in the United States. ByteDance is the Chinese parent of TikTok. John G Mabanglo/EPA/Shutterstock The payments are part of the arrangement under which a consortium of admin-aligned investors took control of TikTok’s American business from its...