Why the U.S. stepped in after decades to prop up Japan's yen — and what's at stake
Washington's decision to join Japan in supporting the battered yen has prompted questions over what motivated the rare coordinated intervention.

Washington's decision to join Japan in supporting the battered yen has prompted questions over what motivated the rare coordinated intervention.
The latest peace proposal calls for warring parties to return to negotiations and continue working out some of the thorny issues that derailed diplomatic efforts.
Russian forces have ramped up the number of missile strikes on Ukrainian cities, likely seeking to exploit Kyiv's shortage of ballistic missile interceptors.
Oil prices fell on Monday as investors pared geopolitical risk premiums after U.S. President Donald Trump said he had called off a planned strike on Iran.
Japan's finance ministry said Monday it conducted a coordinated yen-buying intervention with the U.S. Treasury on Friday.
U.K. pharmaceutical giant AstraZeneca is considering a deal to merge with its U.S. rival Bristol Myers Squibb.
Sony and Marvel's "Spider-Man: Brand New Day" snared $355 million in estimated domestic box office on its opening weekend, the second-highest debut of all time.
Airlines are paying billions of dollars more in fuel costs this year
Investors are questioning whether Beijing's blessing can carry a $40-billion-plus valuation for a clothing retailer whose growth engine is stalling.
New policies that apply to mortgages for condos take effect Aug. 3, and some experts are sounding the alarm that buyers may see delays or denials.
Miller has denied the allegations made against him by his ex-wife Emily Moreno, daughter of Ohio Sen. Bernie Moreno.
Oil price volatility caused by U.S.-Iran war created big market winners, but for buy-and-hold investors, there are better long-term energy themes to monitor.
As Americans are encouraged to go direct with weight-loss drug prescriptions, retail pharmacy chains are poised to win big.
While the leak of key exam papers was the trigger for the recent student protest in India, rising unemployment is the real fuel angering Gen Z in the country.
President Donald Trump had touted the Reflecting Pool update, one of many renovations in D.C. he ordered ahead of America's 250th birthday celebrations.
As incoming CEO Jason Bonfig prepares to take the reins, he told CNBC he's focused on expanding the company's reach and enhancing the customer experience.
In his Sunday column, Jim Cramer explains why Amazon is his favorite hyperscaler after second-quarter earnings season.
Tracking top analysts can help investors shortlist attractive dividend stocks, as these experts provide useful insights.
AI debate in recent years has centered on whether the U.S. can develop a strategy capable of preserving an edge over China. The answer isn't looking positive.
The prices for used electric vehicles have risen this year, which is unusual, experts said. Affordability and high gas prices help explain why, they said.
The wake-up call to the cyber industry comes as industry experts descend on Black Hat, a major cybersecurity conference.
Candidates giving up in the face of relentless job searches could be part of the reason behind recent declines in the labor force participation rate.
The conglomerate that Warren Buffett built rallied to an eight-month high this week. There could be more gains ahead if they play catch up with the S&P 500.
Gaining an edge on prediction markets requires speed and skills beyond just reading the odds on platforms like Kalshi and Polymarket.