Japan’s corporate leaders sound alarm over weak yen — even dollar-earners are voicing concerns

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Japanese business executives, even those who have benefited from a weak yen, are calling for a stronger currency, with Kawasaki saying it would move manufacturing back to its home country if the yen strengthens. When the yen fluctuates, "we cannot make [a] strategy," Yoshinori Kanehana, chairman of Kawasaki Heavy Industries, told CNBC on the sidelines of the Gastech conference on Tuesday. He said it was the "biggest problem" for the company. Kanehana said that yen at 150 could make him consider moving manufacturing from the U.S. to Japan. It has 27 production sites outside the country, including in the U.S., and 17 at home, according to a company report published last year. Takayuki Ueda, president and CEO of energy major Inpex, wants the currency to be even stronger, saying that yen at 100 would be the "appropriate" level, suitable for the Japanese economy. His comments come even as nearly 90% of the Japanese oil company's business is outside Japan, ...

Stocks making the biggest moves premarket: SK Hynix, J.B. Hunt, Expedia & more

Stocks making the biggest moves premarket: SKHY, JBHT, EXPE & more Skip Navigation Markets Business Investing Tech Politics & Policy Video Watchlist Investing Club PRO Livestream Menu Check out the companies making the biggest moves premarket: SK Hynix , Intel The chipmakers rose after a Reuters report that SK Hynix was in talks with Intel to manufacture memory chips in the U.S. for the first time. Both stocks were up more than 2.5%, but SK Hynix said that no decisions have been made regarding any partnership with Intel. J.B. Hunt Transport Services Shares of the transportation and logistics company tumbled more than 11% after the company warned that its earnings may tumble in the third quarter between 5% to 10%, compared to the previous three-month period. J.B. Hunt said the decline has been due to internal adjustments to account for rising rates of purchase transportation. Expedia The online travel company fell more than 2.5% after Morgan Stanley downgraded the stock to underweight. Analysts at the bank said shares have a weak risk/reward profile, particularly with greater exposure to a potentially weaker consumer. Energy stocks U.S. oil prices fell 2% after a report said energy inventories rose last week, sending energy stocks lower. Diamondback Energy fell almost 4%, while Occidental Petroleum was off 1%. ExxonMobil and Devon Energy were both down almost 1%. Paychex Shares were up more than 1% after a Wolfe Research upgrade to peer perform. Analysts said that the current macroeconomic environment is supportive of the company's revenue growth forecast, and that the company's skew toward blue collar workers gives it protection from AI-related job losses. Union Pacific The freight carrier rose 1.5% after UBS upgraded the stock to buy. Analysts at the bank said they expect strong volume growth that will lead to better-than-expected earnings through 2028.

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