American asset manager navigating market shifts
Waymo has launched Waymo Premier, a $29.99-per-month membership offering priority pickups, up to five free cancellations monthly, and 10% Waymo Cash back for trips. The program is initially invite-only in San Francisco, Los Angeles and Phoenix, with plans to broaden to additional cities as it presses expansion and pursues higher-value riders.
The Bank of Japan has raised its policy rate to 1% from 0.75% in line with expectations, as the yen remains near multi-decade lows amid pressure from the Iran war and higher oil prices. Officials warn of ongoing volatility and potential further action to stabilize markets and inflation.
Bending Spoons has begun trading on Nasdaq with a valuation around $25.5-25.7 billion and raised about $1.68 billion. The Milan-based group acquires and rebuilds aging digital brands such as Eventbrite, Evernote, Meetup and AOL, then holds them to drive growth through AI-enabled features, pricing, and tighter operations. Revenue in Q1 2026 reached $601 million with $27.5 million net income as it scales its portfolio and expands its multi-brand strategy.
A CNBC-led review shows women continue to earn less, provide more caregiving, and save differently, widening retirement gaps. While Social Security decisions and new accounts nudge savings, experts warn the gap remains and growth in annuity options is gradual.
The yen has weakened to multi-decade lows as US rates remain higher than Japan's. Intervention is being considered, but the long-running carry trade and energy costs keep downward pressure on the currency. Markets are watching potential official action and the broader implications for Japan's economy and global markets.
Financial researchers and advisors are recalibrating retirement guidance. Some advocate higher withdrawal rates and greater equity exposure to combat inflation and longevity risk; others push diversification and long-term growth as a guardrail against market downturns. New analyses question the traditional 4% rule amid strong recent returns.
Seniors face higher living costs as inflation persists. The government has not matched price increases fully, and analysts forecast a 3.6-3.8% COLA for 2027, lifting average payments but risking long-term funding if inflation remains elevated.
GDP has expanded by 0.4% in Q2, driven by services and a hot-weather World Cup boost. Yet growth remains delicate amid high energy prices and geopolitical tensions, with Treasury modelling warning of a slower 2027 if Iran-hostilities persist.