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Bank of Japan Holds Rates, Signals Slower Balance Sheet Reduction Amid Global Uncertainty
The Bank of Japan (BOJ) maintained its benchmark interest rate unchanged on Tuesday and announced a slower pace for reducing its massive balance sheet in 2025. This decision underscores the central bank’s cautious approach in unwinding its ultra-loose monetary policy, which has remained in place for over a decade.
Amex and JPMorgan Revive Premium Credit Card Rivalry with Major Overhauls
The competition between American Express $AXP and JPMorgan Chase & Co. $JPM is intensifying as both institutions prepare significant updates to their flagship premium credit cards. JPMorgan announced it will revamp the Sapphire Reserve, a product that redefined the travel-rewards segment when it launched in 2016. In response, Amex confirmed that its Platinum consumer and business cards will undergo “substantial” changes later this year. This renewed escalation signals a broader strategic repositioning in the ultra-premium card segment, where brand prestige, experiential benefits, and high-yield customers define the competitive edge.
Ford Introduces 2025 Ranger Super Duty with Enhanced Capability and Pricing for Australia
Ford Motor Company $F has confirmed pricing and technical specifications for the 2025 Ranger Super Duty, a reinforced variant of its top-selling pickup designed for Australia’s rugged environment. The single cab model starts at AUD 82,990, with the Super Cab-Chassis at AUD 86,490, and the Double Cab-Chassis priced from AUD 89,990. With optional upgrades such as a tray and metallic paint, total cost can exceed AUD 100,000. This variant reflects Ford's strategy to expand its presence in the high-capacity utility segment by offering a work-focused platform that meets the operational demands of industries like construction, agriculture, and resource extraction.
Such a sale could significantly shape the future of automation within the tech industry.