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Bloomberg
Financial

After Historic Intervention, 155 Emerges as Yen's Next Big Test

Japan's historic joint intervention with the US is shifting market focus to whether the yen can strengthen beyond 155 per dollar, a threshold strategists view as a key test for the rally's staying power. The level carries significance far beyond standard technicals. Japan's April and May interventions briefly dragged dollar-yen toward 155 before it resumed climbing, reinforcing views that official action merely buys time. Now, investors are weighing whether a clean break below it signals a structural shift. Steve Englander, Global Head: G10 FX Research at Standard Chartered, discusses the move to intervene and what it means for global currencies.

Read more: After Historic Intervention, 155 Emerges as Yen's Next Big Test
Bloomberg
Financial

Wayfair Rises, Caterpillar Surges on Earnings | Stock Movers

On this episode of Stock Movers: - Wayfair (W) shares jumped after the furniture retailer gave third-quarter guidance during its earnings call. The company said it expects high single-digit revenue growth in the current quarter. - McDonald's (MCD) is rising after the fast-food chain reported comparable sales for the second quarter that are slightly below the sell-side consensus estimate, while adjusted EPS was ahead. - Caterpillar (CAT) shares are surging after the company's second-quarter earnings blew past Wall Street's second-quarter expectations, easing concerns over the growth of power-generation equipment sales to data centers. - Palantir (PLTR) shares jumped after the company boosted full-year revenue and income forecasts and described commercial demand for its data analytics tools as "otherworldly." Palantir now expects $4.89 billion to $4.91 billion in adjusted income from operations this year.

Read more: Wayfair Rises, Caterpillar Surges on Earnings | Stock Movers
Bloomberg
Financial

McDonald's Names New US Boss After Slowest Growth in More Than a Year

McDonald's named long-time executive Skye Anderson as president of its US business, replacing Joe Erlinger, to bring "focus and urgency" to its home market, after the fast-food chain posted its slowest growth since the start of 2025. Redd Brown reports on Bloomberg Television.

Read more: McDonald's Names New US Boss After Slowest Growth in More Than a Year
Bloomberg
Financial

US Trade Deficit Narrows to $73.3 Billion as Imports Fall in June

The US trade deficit narrowed in June as imports fell for the first time since the start of the year. The gap in goods and services trade shrank 5.6% from the prior month to $73.3 billion, while the value of imports declined 1.8% while exports fell 0.9%. Michael McKee reports on Bloomberg Television.

Read more: US Trade Deficit Narrows to $73.3 Billion as Imports Fall in June