Tag: Business
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Commonwealth Bank of Australia appoints new CIO, CTO to boost technology, AI strategy
June 19 : Commonwealth Bank of Australia named Victoria Ledda as group chief information officer and Rodrigo Castillo as group chief technology officer on Friday as the lender sharpens its focus on digital, data and artificial intelligence capabilities.Here are some details:• Ledda will lead business
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BOJ deputy governor Himino signals resolve to keep raising rates
TOKYO, June 19 : Bank of Japan Deputy Governor Ryozo Himino said on Friday the central bank will continue to raise interest rates with an eye on the risk of underlying inflation overshooting its 2 per cent target.Wholesale inflation was accelerating at a somewhat fast pace as companies pass on rising costs fr
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Yen at brink of 40-year low puts markets on intervention watch
TOKYO, June 19 : The yen traded precariously near the weakest level in nearly four decades on Friday, putting investors on guard for potential intervention from Japan to defend its currency.With the Juneteenth trading break looming in the United States, thin liquidity conditions could open the door for Japan
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Japan May core CPI rises 1.4% yr/yr
TOKYO, June 19 : Japan’s core consumer prices rose 1.4 per cent in May from a year earlier, government data showed on Friday.The core consumer price index, which includes oil products but excludes fresh food prices, compared with economists’ median estimate for a 1.4 per cent annual gain.Stripping away
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Want to own a piece of the Knicks? Jim Cramer says buy this stock to do it
CNBC’s Jim Cramer said MSG Sports is an attractive investment because the stock trades at a discount to the combined value of the Knicks and Rangers.
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Jim Cramer says next week’s economic data will drive the markets
CNBC’s Jim Cramer said next week’s lighter earnings calendar will put the focus on key economic data.
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Cramer’s lightning round: Buy SoFi
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed.
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Meta signs new AI computing deals with data center firm Crusoe, Bloomberg News reports
June 18 : Meta Platforms has secured new agreements to get AI computing power from data center developer Crusoe, Bloomberg News reported on Thursday, as it strengthens infrastructure required to support its AI expansion.Meta and Crusoe did not immediately respond to Reuters’ requests for comment on the repor
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California urges court, FCC to rule AT&T must continue basic phone service
WASHINGTON, June 18 : A California agency said on Thursday it has asked a U.S. court and the Federal Communications Commission to reject AT&T’s request to stop offering traditional copper wire phone service to new customers. The California Public Utilities Commission said AT&T was trying to get out of
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Intel taps industry veteran Seok-Hee Lee to lead foundry packaging push
June 18 : Intel on Thursday named Seok-Hee Lee executive vice president of its contract chip-manufacturing division as it sharpens focus on its advanced packaging business.The American chipmaker has been trying to reinvigorate its manufacturing business under CEO Lip-Bu Tan, after missing out on the AI boom.
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