Japanese authorities likely intervened in the currency market to signal they see 160 yen to the dollar as their line in the sand, Columbia University academic and former finance ministry executive Takatoshi Ito told Reuters on Thursday. "Intervention is effective if conducted in a timely manner," said Ito, who is an associate of former Bank of Japan Governor Haruhiko Kuroda and retains close contact with current Japanese policymakers. Japanese authorities are suspected of having stepped into the foreign exchange market at least twice this week to prevent sharp and economically debilitating declines in the yen.
Fundstrat's Tom Lee crunched the numbers and found that since 1985, "May has been a surprisingly good month" for the stock market.
CNNCNN anchor Kaitlan Collins caught Sen. J.D. Vance (R-OH) flat-footed Wednesday night with a misdirection in her line of questioning on the current pro-Palestine protests roiling college campuses across the country.In a segment to kick off The Source, Collins quizzed the pro-Trump senator on his views regarding the relative value of free speech versus the safety and well-being of students whose lives have been disrupted by the protests on campus—to which Vance replied that police should only b