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America One News
7 Aug 2024
#society
Forbes: Southern California Rattled By Magnitude 5.2 Earthquake—No Reports Of Major Damage So Far
A 5.2 magnitude earthquake shook Southern California, centered near Bakersfield, around 9:10 p.m. PT. While the tremor rattled nerves, it was followed by smaller aftershocks and no major damage was reported.
The Los Angeles Fire Department went on high alert, preparing for any potential fallout.
#economy
The Telegraph: Global stocks rout steadies after Bank of Japan steps in - latest updates
Global stocks regained some footing after Japan's Bank reassured markets, vowing to keep interest rates unchanged amid instability. The Nikkei bounced back over 1.8%, with Asian markets enjoying a rally as fears of the yen’s strength were tempered.
But analysts speculate if the Bank's assurance was a signal to keep the yen weak, hinting at complex market maneuverings. For now, the carry trade survives, but with many variables at play, all eyes are on the US economic indicators to guide future moves.