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BoE Governor Bailey urges AI use by financial regulators
Bank of England (BoE) Governor Andrew Bailey has urged regulators to embrace artificial intelligence to help detect problems in the financial system, adding that supervisors risk missing critical warning signs if they fail to leverage the technology.Cryptopolitan
Tue, Sep 23
World leaders rally behind Palestinian statehood at UN, defying US and Israel
Britain, Canada, France among those recognising a stateIsrael, US call it harmful and a publicity stuntIsrael weighing possible West Bank annexation, officials sayBy John Irish and Michelle Nichols UNITED NATIONS, Sept 22 (Reuters) - Dozens of world leaders gathered at the United Nations on Monda...Reuters
Tue, Sep 23
Wall St indexes post record closing highs again, with Nvidia, tech shares higher
NEW YORK, Sept 22 (Reuters) - All three major U.S. stock indexes registered record closing highs for a third straight session on Monday, led by gains in technology shares, with Nvidia NVDA.O gaining after it said it will invest up to $100 billion in OpenAI.Reuters
Tue, Sep 23
Nvidia adds $100 bln to AI’s load-bearing startup
NEW YORK, Sept 22 (Reuters Breakingviews) - The ouroboros – a dragon eating its own tail, signifying eternal recurrence – is as apt a symbol for the modern mysticism of artificial intelligence as it was for ancient Egypt. Consider Nvidia’s NVDA.O agreement, announced Monday, to invest up to $100...Reuters
Tue, Sep 23
Hedge funds pile into banks, insurance, consumer finance, Goldman Sachs says
LONDON, Sept 22 (Reuters) - Hedge funds bought banks, insurance and consumer finance companies last week at the fastest pace in three months, Goldman Sachs said in a research note, amid increased dealmaking expected to boost profits and an expected further loosening of regulations.Reuters
Tue, Sep 23
Dollar weakens against euro and Swiss franc as markets digest Fed speeches
NEW YORK, Sept 22 (Reuters) - The U.S. dollar was poised to snap a three-day winning streak against the euro and Swiss franc on Monday, as investors digested a barrage of comments from Federal Reserve officials about its latest monetary policy stance.Reuters
Tue, Sep 23
Amazon sues to block New York state labor law
NEW YORK, Sept 22 (Reuters) - Amazon.com AMZN.O sued the New York State Public Employment Relations Board on Monday to block it from enforcing a new law that the online retailer considers an attempt to illegally regulate private sector labor relations.
Reuters
Tue, Sep 23
Brazil's central bank to auction up to $2 billion with repurchase deal
SAO PAULO, Sept 22 (Reuters) - Brazil's central bank said on Monday it will offer up to $2 billion in a dollar auctions with repurchase agreement, aiming to roll over contracts maturing on Oct. 2.The auction will be held on Wednesday at 10:30 a.m. local time, the bank said in a statement.Reuters
Tue, Sep 23
Google seeks to avoid ad tech breakup as antitrust trial begins
ALEXANDRIA, Virginia, Sept 22 (Reuters) - Alphabet's Google is seeking to avoid a forced sale of part of its online advertising business in its latest face-off with U.S. antitrust enforcers that began on Monday in Alexandria, Virginia.
Reuters
Tue, Sep 23
H-1B Restrictions as Trade Weapon? India Faces Dual Threat to Its IT Exports and Currency
TradingKey - Since around 70% of H-1B visa beneficiaries are of Indian origin, the Trump administration’s new policy to raise H-1B application fees to $100,000 is widely seen as a direct blow to India’s globally renowned IT services industry — potentially an extension of escalating tensions in theTradingKey
Tue, Sep 23
Roche, muscling into weight-loss drug race, advances obesity treatment to late-stage trial
Roche moves drug acquired from biotech Carmot into Phase 3 trialCompany targets obesity market led by Eli Lilly, Novo NordiskHas six experimental drugs for obesity, related conditionsPlans obesity drug launches by 2030Shares up around 2.8%By Maggie Fick LONDON, Sept 22 (Reuters) - Swiss drugmaker...Reuters
Mon, Sep 22
Oracle names insiders Clay Magouyrk, Mike Sicilia as co-CEOs in surprise move
Safra Catz replaced as CEO after 11-year tenureCatz credited with steering AI strategyCloud execs Clay Magouyrk and Mike Sicilia appointed as co-CEOsNew co-CEOs underscore cloud importance, analysts sayBy Arsheeya Bajwa Sept 22 (Reuters) - Oracle ORCL.N on Monday named insiders Clay Magouyrk and ...Reuters
Mon, Sep 22
Pfizer doubles down on weight-loss treatments with up to $7.3 billion Metsera buyout
By Mariam Sunny and Michael ErmanSept 22 (Reuters) - Pfizer PFE.N said on Monday it would acquire drug developer Metsera MTSR.O in a deal valued at up to $7.3 billion, including future payments, as it seeks to gain a foothold in the fast-growing obesity treatment market.The global obesity drug marke...Reuters
Mon, Sep 22
ASML Poised to Be the Ultimate AI Winner, Bolstered by Wall Street as Oracle, Intel Surge
TradingKey - In the two-year U.S. bull market, Nvidia, the quintessential “picks and shovels” play of the AI era, has been seen as a guaranteed winner in any AI-driven trade. But as Nvidia faces tightening chip export restrictions, Wall Street is shifting focus upstream — to ASML, the Dutch
TradingKey
Mon, Sep 22
Netflix signs co-marketing deal with AB InBev to promote TV shows and beer
Sept 22 (Reuters) - Netflix NFLX.O and Anheuser-Busch InBev ABI.BR have signed a global co-marketing deal to promote the streaming platform's most-watched titles and the brewer's beers, the companies said on Monday.
Reuters
Mon, Sep 22
