News

Japan’s warning to Elon Musk’s X

Published

2 years ago

August 4, 2023

Japan’s finance ministry has issued a rare warning to X, formerly known as Twitter, urging the platform to take down an account impersonating Masato Kanda, the country’s top currency diplomat.

The ministry asked users not to follow or comment on the posts from the impersonation account. Masato Kanda is a significant figure in Japan’s efforts to stabilize the value of the yen, and his public statements can influence the currency’s value against other major currencies.

This time, a Twitter impersonation account (Masato Kanda @Jgghkj_) posing as Vice Minister Kanda Masato of the Ministry of Finance of Japan was confirmed. Twitter account owned by himself and his staff does not exist.

— 財務省 (@MOF_Japan) August 3, 2023

The impersonation account, which had around 550 followers, had not made any comments related to the yen or financial markets. It had only posted five times, with the latest post attempting to impersonate Mr. Kanda’s trip to Ukraine.

Following Japan’s request, the fake account now appears to have been suspended by X, with a notice on the platform indicating a violation of Twitter rules.

The yen has traditionally been considered a safe-haven currency in the global financial markets. However, it has depreciated against the US dollar in recent months due to Japan’s central bank keeping its main interest rate below zero while other central banks raised their interest rates, making their currencies more attractive to investors.

The Bank of Japan recently announced it would allow rates to rise more freely, but the yen remains weak against the dollar, reaching its lowest level in over a month at 143.89.

News

UPS cargo plane crashes in Kentucky, as death toll rises

UPS cargo plane crash in Kentucky kills four, injures 11, governor warns death toll may rise

Published

12 hours ago

November 5, 2025

Ahron Young

UPS cargo plane crash in Kentucky kills four, injures 11, governor warns death toll may rise

In Short:
– A UPS cargo plane crashed in Louisville, resulting in at least four deaths and 11 injuries.
– Investigations are underway, and all departing flights from the airport have been cancelled.

A United Parcel Service cargo plane crashed shortly after takeoff in Louisville, Kentucky, at approximately 5:15 p.m. local time, leading to at least four fatalities and 11 injuries.Kentucky Governor Andy Beshear indicated that the death toll may rise. Those who died were not part of the three-person crew aboard the aircraft, which was heading to Honolulu.

Several people with serious injuries are receiving treatment at nearby hospitals.

The crash affected two businesses in proximity to the airport: Kentucky Petroleum Recycling and Grade A Auto Parts. Grade A Auto Parts confirmed most employees were accounted for, although uncertainty remains regarding customer safety.

Nearby, a Ford Motor assembly plant lost power but was not directly impacted by the crash.

Emergency services have worked to contain a fire resulting from the incident, which required a significant number of responders. UPS has not confirmed details regarding its crew’s condition. Photographs showed the MD-11 engulfed in flames at the Louisville Muhammad Ali International Airport.

UPS operates its primary air cargo facility in Louisville, processing millions of packages daily. The plane’s fuel load of 38,000 gallons contributed to explosions that occurred upon impact with the businesses, prompting significant road closures.

Investigation Underway

The Federal Aviation Administration and the National Transportation Safety Board will conduct investigations into the crash.

In the aftermath, all departing flights from the airport have been cancelled, affecting major airlines including Delta Air Lines and American Airlines.

News

This may be the AI market correction, according to traders

US stocks tumble as tech giants report uneven earnings, prompting fears of a looming market correction.

Published

19 hours ago

November 5, 2025

Ahron Young

US stocks tumble as tech giants report uneven earnings, prompting fears of a looming market correction.

US stocks have taken a sharp dive as investors grow nervous about stretched valuations and uneven earnings reports from tech giants. Major Wall Street banks, including Morgan Stanley and Goldman Sachs, are warning that the rally could be nearing a 10% correction – a wake-up call for traders betting on unstoppable market momentum.

Nvidia, the world’s most valuable public company, dropped nearly 4%, wiping out around $200 billion in market value. Meanwhile, Palantir slid 6%, dragging other AI and semiconductor names lower. Even gold — a traditional safe haven — dipped 1.6%, signaling widespread investor anxiety.

Bitcoin also broke below the $100,000 mark for the first time since June, underscoring how jittery markets have become. As earnings season unfolds and the US government shutdown looms, investors are questioning whether the bull run that lifted the S&P 35% since April has finally run out of steam.

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News

Dick Cheney dies at 84: The end of an era in American power

Former Vice President Dick Cheney dies at 84, leaving a controversial legacy in American politics and national security.

Published

19 hours ago

November 5, 2025

Ahron Young

Former Vice President Dick Cheney dies at 84, leaving a controversial legacy in American politics and national security.

Former U.S. Vice President Dick Cheney has died at the age of 84, marking the end of one of the most influential — and controversial — political careers in modern American history. Cheney served under four Republican presidents, most notably George W. Bush, where he became known as one of the most powerful vice presidents in U.S. history.

His family confirmed he passed away from complications related to pneumonia and heart disease. Cheney’s decades in Washington were defined by his hardline approach to national security and his role in shaping America’s response to the September 11 attacks.

Even after leaving office, Cheney remained a strong defender of his policies, particularly the 2003 invasion of Iraq. His passing leaves behind a complicated legacy — one that reshaped U.S. foreign policy and continues to influence Republican politics today.

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