
Fujifilm Raises Camera and Lens Prices in the US Amid Tariffs
Many of the company's camera bodies, which are popular with creators and professionals on account of their film simulations and unique color rendering, are now $200 more expensive than they were on Thursday evening. For instance, Fujifilm's premier consumer camera, the X-T5, sold for $1,699 earlier this week but now costs $1,899, a 12% bump.
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Yahoo
5 minutes ago
- Yahoo
Morning Bid: Buy the dip, we can worry about jobs later
(Reuters) -A look at the day ahead in European and global markets from Wayne Cole. It's been a case of buy the dip so far on Monday as U.S. and European stock futures edge up, along with the dollar. The Nikkei suffered a delayed reaction to Friday's Wall Street rout and a jump in the yen, but the rest of Asia fared better. Early trade saw Fed fund futures price in 65 bps of interest rate cuts by December, but that's back to 60 bps now. That's still a world away from the 33 bps seen before Friday's weak U.S. payrolls report, and September is still 83% for an easing. In fact, the 25 bps drop in two-year yields on Friday was essentially the market doing a Fed rate cut for them, given how borrowing costs in the States are tied to yields not the funds rate. Ten-year yields also fell a steep 14 bps but met resistance around 4.20%, a level they have repeatedly struggled to break under since October last year. Longer term, downward revisions to payrolls have seriously challenged the U.S. claim to economic out-performance and the dollar's crown of exceptionalism. The latter was also tarnished by President Trump firing the head of the Bureau of Labor Statistics, an institution with an invaluable reputation for scrupulous honesty that won the trust of investors worldwide. Or, at least, it used to be. Now, Trump says he will chose a new head for the BLS in the next few days. Will it be an independent-minded statistician dedicated to providing credible data, or a Trump loyalist eager to please their master? U.S. assets enjoy a trust premium that will be really hard to maintain as Trump bends all levels of government to his will. Trump also just floated the idea of using some of the windfall from tariffs to pay "dividends" to a lucky group of Americans chosen by him - no doubt with special cheques bearing a "TRUMP" logo. So you slap taxes on everyone that buys imports, whether they have a choice or not, and then use part of the revenue to pay money to those you favour, in your name rather than the government that's actually doing the work. Talking of tariffs, a U.S. appeals court late last week heard arguments on the legality of Trump's "reciprocal" levies and sounded inclined to support the original ruling that the tariffs were illegal. Such a ruling would likely still go to the Supreme Court, which has tended to favour unbridled presidential power. Yet, should the tariffs be found illegal, not only would all the trade deals agreed or underway be null and void, but the Treasury would have to refund all the money collected. Wouldn't that be fun... Key developments that could influence markets on Monday: * Swiss CPI for July Trying to keep up with the latest tariff news? Our new daily news digest offers a rundown of the top market-moving headlines impacting global trade. Sign up for Tariff Watch here. (By Wayne Cole; Editing by Christopher Cushing) Sign in to access your portfolio
Yahoo
5 minutes ago
- Yahoo
Citi raises gold forecast to $3,500/oz over next 3 months on negative US outlook
(Reuters) -Citi raised its gold price forecast over next three months to $3,500 per ounce on Monday from $3,300, and the expected trading range to $3,300–$3,600 from $3,100–$3,500, on the belief that near-term U.S. growth and inflation outlook has deteriorated. "U.S. growth and tariff-related inflation concerns are set to remain elevated during 2H'25, which alongside a weaker dollar, are set to drive gold moderately higher, to new all-time highs" the bank said. Last week, U.S. President Donald Trump imposed steep tariffs on exports from dozens of trading partners, including Canada, Brazil, India and Taiwan. The tariffs imposed last week on scores of countries are likely to stay in place rather than be cut as part of continuing negotiations, Trade Representative Jamieson Greer said on CBS show "Face the Nation" aired on Sunday. Last week, the dollar weakened after nonfarm payrolls increasing by 73,000 jobs last month, after rising by a downwardly revised 14,000 in June, which revived hopes of a Fed rate cut in September, with markets now pricing in an 81% chance, per CME FedWatch tool Citi also highlights weaker U.S. labor data in second quarter of 2025, institutional credibility concerns have increased regarding the Federal Reserve and US statistics, and elevated geopolitical risks related to the Russia-Ukraine conflict. Gold, traditionally considered a safe-haven asset during political and economic uncertainties, tends to thrive in a low-interest-rate environment. Citi estimates gross gold demand has risen over one-third since mid-2022, nearly doubling prices by second quarter of 2025. The strength in gold demand was driven by strong investment demand, moderate central bank buying and resilient jewellery demand despite higher prices, the bank added. Spot gold was trading at $3,356.88/oz at 0340 GMT on Monday. [GOL/] Sign in to access your portfolio


Digital Trends
7 minutes ago
- Digital Trends
FBI warns of a particular scam involving QR codes
Scammers are increasingly exploiting QR codes to trick people into revealing financial information or installing malicious software on their devices. The FBI has recently issued a warning about a particular type of scam involving QR codes on packages delivered to people who didn't order them. Recommended Videos The scammers are clearly playing on our curious nature, with the appearance of an innocent-looking QR code likely to tempt at least some people to scan it to find out more about the mystery package they've just received. But this could take you on a journey where you end up being tricked into handing over personal details such as financial information, or downloading malware that could pull data from your phone. 'While this scam is not as widespread as other fraud schemes, the public should be aware of this criminal activity,' the FBI said. The agency said the activity is a variation of the so-called 'brushing scam' where online sellers send you unordered items so that it can use your name to post fake reviews to boost the product's rating. 'In a traditional brushing scam, online vendors send merchandise to an unsolicited recipient and then use the recipient's information to post a positive review of the product,' the FBI explained, adding that in this latest variation, 'scam actors have incorporated the use of QR codes on packages to facilitate financial fraud activities.' The FBI is imploring people to beware of delivered packages that they didn't order, and to avoid scanning QR codes from unknown origins. The agency's warning comes at a time when QR codes are being increasingly used in scams besides those involving unsolicited packages. QR codes are being used increasingly by criminals, mainly because of their growing presence in everyday life. It means scammers are even sticking fake codes over legitimate ones, so you need to be on your guard when you hold your phone over one, especially when you're out and about. The New York Department of Transportation, for example, recently alerted drivers to a scam where criminals were sticking QR codes on parking meters. The code directed anyone who scanned it to a third-party webpage asking for credit card information. These days, most phone cameras automatically recognize QR codes and, unless you've turned off the setting, show you the web address that you'll land on if you tap it to proceed. So even with codes that you think you can trust, take a moment to read that address before going ahead. As for QR codes stuck on packages that you didn't order, just ignore them entirely.