Tag: Business
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Japan renews warning of ‘decisive action’ versus weak yen
TOKYO, June 5 : Japan is ready to respond appropriately at any time on foreign exchange and reserves the right to take “decisive action” against excessive volatility, Finance Minister Satsuki Katayama said on Friday as the yen hovered around the key 160-per-dollar.The remarks came as investors scrutinise for
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US officials eye government stakes in AI companies, NOTUS reports
June 4 : Senior U.S. officials held preliminary discussions with major AI companies about the potential for the government to buy some shares in their firms, digital news outlet NOTUS reported on Thursday, citing three people familiar with the matter.While the planning is ongoing and details are in flux, disc
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Anthropic says AI labs need coordinated plan to halt development if risks rise
June 4 : Anthropic said on Thursday frontier AI developers should establish a coordinated, verifiable way to slow down or temporarily pause development if advanced systems begin improving themselves faster than society can manage the risks. AI that can build itself would be a major development in the history
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Japan’s real wages extend climb in April, bolster BOJ rate-hike case
TOKYO, June 5 : Japan’s real wages climbed 1.9 per cent in April from a year earlier, government data showed on Friday, marking a fourth consecutive monthly gain, as higher special payments boosted overall earnings and improved household purchasing power.Here are a few details: • The Bank of Japan, w
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Cramer’s lightning round: Woodward is ‘a very good company’
“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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CrowdStrike CEO says AI security fears will become a bigger tailwind in coming quarters
CrowdStrike CEO George Kurtz said it was too early for concerns surrounding Anthropic’s Mythos to meaningfully impact first-quarter results.
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Oil drops, stocks mostly higher despite AI concerns
NEW YORK: Oil prices and the dollar retreated Thursday (Jun 4) as traders tracked conflicting developments in the Middle East war, while equity markets mostly rose despite a disappointing outlook from US chipmaker Broadcom
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Exclusive-SpaceX tells banks it won’t move its $135-a-share IPO price
NEW YORK, June 4 : SpaceX told banks in its $75 billion initial public offering that it is set on the $135-a-share price that the firm disclosed on Wednesday in its amended IPO filing, sources told Reuters.The company’s decision is the latest sign that Elon Musk is intent on holding the largest ever initial
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Jim Cramer says Thursday’s rally shows investors’ ‘huge appetite’ for stocks
CNBC’s Jim Cramer said Thursday’s rally showed investors remain resilient and eager to buy stocks.
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US House lawmakers release draft bill to prohibit state AI rules
WASHINGTON, June 4 : A bipartisan pair of U.S. House lawmakers released draft legislation on Thursday that would prohibit states from regulating the development of artificial intelligence models, a move praised by tech firms but criticized by consumer rights advocacy groups. The draft legislation, released by
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