Business & Markets — June 30, 2026

Japanese yen hits 40-year low. The yen fell to its weakest level against the U.S. dollar since 1986 on Tuesday. Dollar strength pressured Asian currencies across the board at the close of Q2, and Japanese government intervention is now on the table.

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Magnificent 7 loses $2.3 trillion in market value. Investors grew jittery over massive AI spending by the seven largest U.S. tech companies and when those investments will generate returns, even as chipmakers advanced.

CNBC Top News · Read more →

San Francisco Archdiocese agrees to $395 million abuse settlement. The San Francisco Catholic Archdiocese will pay $395 million to resolve more than 500 child sexual abuse lawsuits, one of the largest such settlements in U.S. Catholic Church history.

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