QtrendsJapanese yen hits 40-year low against US dollar
The Japanese yen has fallen to its weakest level against the US dollar in 40 years, raising alarm about a potential repeat of the 2024 carry trade crisis. Markets believe the Bank of Japan is falling behind the curve as the dollar continues to strengthen. Analysts warn that the yen's persistent weakness could trigger a sudden unwind of leveraged positions, risking global financial instability. The BOJ faces mounting pressure to act, but its policy options remain constrained.
US employers added fewer jobs than anticipated in June, signaling a cooling labor market. The slowdown was broad-based, with the hospitality sector — including World Cup-related hiring — failing to sustain earlier momentum. Analysts see the data as further evidence that the Federal Reserve's tightening cycle is finally restraining the economy. The softer jobs report may renew bets on rate cuts later this year.
The Trump administration's sweeping overhaul of federal student loans has taken effect, introducing stricter borrowing limits. The changes aim to rein in college costs by capping how much students can borrow, forcing schools to compete on price. NPR reports that the full impact on college affordability remains uncertain. Critics argue the caps could limit access for low-income students, while supporters say they will finally address tuition inflation.
Taylor Swift and Travis Kelce are reportedly planning a wedding at Madison Square Garden, with estimates placing the cost at over $20 million. The couple has also donated $26 million to charities ahead of the event. Forbes speculates the wedding could easily top that figure given the venue, guest list, and production scale. The event has become one of the most anticipated celebrity celebrations of the year.