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Japan Service Sector Inflation Rises to 2.7 Percent Amid Worker Shortages

Key Points: Japan recorded a 2.7% increase in service-sector inflation during February compared to last year. The Bank of Japan views this as a clear sign that a tight labor market forces companies to raise prices. Labor-intensive businesses like hotels and construction firms charge more to cover their rising wage costs. The central bank recently raised short-term interest rates to 0.75% and signaled readiness for...

Shareholders Sue Super Micro Computer Over Illegal Sales to China

Key Points: Angry investors filed a massive lawsuit against Super Micro Computer for committing securities fraud and hiding illegal sales. The company lost roughly $6.1 billion in total market value after its stock crashed 33% in a single day. Federal prosecutors charged a company co-founder and two others with smuggling $2.5 billion worth of servers. The lawsuit specifically targets the chief executive officer and the...

Market Analyst James van Geelen Bets on Bonds After Oil Price Shock

Key Points: James van Geelen went viral recently for predicting a massive economic collapse caused by artificial intelligence. The analyst now bets that the current bond market sell-off has gone way too far. Surging oil prices from the conflict in Iran will likely slow the economy rather than cause runaway inflation. Major financial firms like Citadel Securities agree that the Federal Reserve might actually cut...