Samsung announces an Ultra-branded foldable is coming — Galaxy Z Fold Ultra?
Over the years, Samsung's foldable phone launches have been very reliable. We see two phones at each launch: a book-style Galaxy Z Fold and a clamshell-style Galaxy Z Flip. However, it looks like the formula could change in 2025. This is due to Samsung just announcing an Ultra-branded book-style foldable is coming this summer.
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24 minutes ago
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Top Banker Vows Loyalty to DEI at Tokyo Pride Parade as Trump's Pushback Rages
The head of one of Japan's largest investment banks used the Tokyo Pride parade to strike a rare public stance on pushing ahead with diversity initiatives, as US President Donald Trump seeks to abolish such policies. Few Japanese corporate executives have taken a clear position on US efforts to roll back the diversity, equity and inclusion policies that had become common at global corporations, though many firms appear to have quietly maintained their initiatives.
Yahoo
2 hours ago
- Yahoo
Bond buyers' shocking strike leaves BlackRock struggling
Bond buyers' shocking strike leaves BlackRock struggling originally appeared on TheStreet. Long-dated sovereign bonds, with maturities of 20 years or more, are experiencing a buyers' strike. A Bloomberg measure of global yields of 20 years or more currently stands at levels last observed in 2008, following a string of under-subscribed auctions in the US, South Korea, Australia, and Japan. Japan's 30-year auction on June 5 produced its weakest bid-to-cover ratio since 2023, following subdued demand at a prior 40-year auction. This echoes the same demand signals to keep an eye on ahead of next week's US 10-year and 30-year Treasury bill auctions, according to Reuters. Institutional giants are voting with their feet. BlackRock says ultra-long Treasuries are becoming "hard to sell" and is underweight US duration due to a mushrooming federal deficit and record issuance. DoubleLine Capital's Jeffrey Gundlach is even more forthright: he said at the beginning of August that his firm is either avoiding 30-year paper altogether or outright shorting it, according to Bloomberg. Higher coupons might lure some yield hunters, but pension funds and insurers, formerly captive buyers, can now lock in attractive returns at shorter tenors while taking minimal interest-rate risk. At the heart of the sell-off is the fiscal sprawl. Washington's divisive "big beautiful bill" could lead to trillions of new debt, while Europe escalates defense spending and Tokyo prepares to offer tariff relief. Investors are now worried that governments will continue to supply so much that gross market supply will be excessive, forcing yields to rise. That withdrawal from the so-called "risk-free" asset space is echoing through crypto communities. Bitcoin is currently hovering around $102,963.79, down nearly 2% in the last 24 hours, according to Kraken. "There is a small possibility that some institutions might consider Bitcoin due to its global liquidity and 24*7 market as an alternative to long-dated bonds. However, we believe that in the current regulatory environment, such a shift will be very institutions might lean toward Bitcoin for its liquidity and robust OTC market, but right now, Bitcoin is mainly being seen as a diversification tool rather than a direct replacement for bonds. Institutions certainly are zealous about Bitcoin as a trading and digital gold, but BTC replacing bonds will take some time." believes Bitfinex analysts. However, Bitcoin has liquidity 24/7, carries no counterparty risk, and has a fixed supply of 21 million coins. Some portfolio managers are still attaching their portfolios to those radical characteristics, almost like "a hedge" against sovereign profligacy. Bond buyers' shocking strike leaves BlackRock struggling first appeared on TheStreet on Jun 6, 2025 This story was originally reported by TheStreet on Jun 6, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
New York Times
3 hours ago
- New York Times
Japan Flexes Its Military Muscle at China, and Trump
The ship-slaying missiles of the Japanese army's Seventh Regiment are mounted aboard dark green trucks that are easy to move and conceal, but for now, the soldiers are making no effort to hide them. Created a year ago, the fledgling regiment and its roving missile batteries occupy a hilltop base on the island of Okinawa that can be seen for miles. The visibility is intentional. The Seventh is one of two new missile regiments that the army, called the Ground Self-Defense Force, has placed along the islands on Japan's southwestern flank in response to an increasingly robust Chinese navy that frequently sails through waters near Japan. 'Our armaments are a show of force to deter an enemy from coming,' said Col. Yohei Ito, the regiment's commander. China is not their only target. The display is also for the United States, and particularly President Trump, who has criticized Japan for relying too heavily on the presence of American military bases for its security. The missiles are part of a defense buildup that is central to Japan's strategy for appealing to President Trump. While Tokyo is now deep in negotiations with Washington over lifting new tariffs, its top priority is improving security ties. On Friday, Japan's trade envoy, Ryosei Akazawa, met for two and a half hours in Washington with Treasury Secretary Scott Bessent and Howard Lutnick, the secretary of commerce, for talks on a tariff-lifting deal that will probably see Tokyo promise large purchases of energy, computer chips and weapons. Want all of The Times? Subscribe.
