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[HONG KONG] Trading desks across Asia are buzzing with excitement again, as the region shakes off tariff shocks and attracts investors with its solid growth prospects. From stocks to currencies to credit, the rebound from the depths of the April market turmoil has been impressive. MSCI’s Asia equities index has jumped 25 per cent to a four-year high, while a slump in the US dollar has powered a regional currency gauge to the strongest since October. Companies are rushing to raise money to capitalise on the market’s reawakening. It marks a sharp reversal from the jitters that prevailed just a couple…
The Indiana Fever will be without star Caitlin Clark against the Los Angeles Sparks on Thursday night, the team announced. The former No. 1 pick is battling a groin injury and will miss at least one game.Clark had recently returned from a quad injury that kept her sidelined for five games. She returned to action June 14 and helped the Fever to a 102-88 victory against the Liberty with an explosive 32-point performance.Before her quad injury, Clark had never missed a game in the WNBA, continuing a streak that carried over from her four years with the Iowa Hawkeyes.The Fever…
Equinix’s shares fell 8 per cent on Thursday after the data center firm forecast revenue growth below expectations and projected heavy investments to cater to AI demand in the long term.The company plans to double its current capacity over the next five years to capitalize on the growing demand for infrastructure to meet the surge in artificial intelligence use.Shares of peers Iron Mountain, Digital Realty and Core Scientific fell between 2 per cent and 3 per cent.Equinix is ramping up investments to expand its infrastructure for rising AI inference demand. While this is expected to drive stronger growth in the…
NEW YORK — Hundreds of millions of ‘Buy Now, Pay Later’ loans will soon affect credit scores for millions of Americans who use the loans to buy clothing, furniture, concert tickets, and takeout. Scoring company FICO said Monday that it is rolling out a new model that factors the short-term loans into their consumer scores. A majority of lenders use FICO scores to determine a borrower’s credit worthiness. Previously, the loans had been excluded, though Buy Now, Pay Later company Affirm began voluntarily reporting pay-in-four loans to Experian, a separate credit bureau, in April. The new FICO scores will be…
A further £10m is to be spent on fixing shortfalls in the core numbers produced by the Office for National Statistics (ONS) amid a continuing lack of confidence in their accuracy.The body is tasked with producing official figures covering key areas of the economy and societal trends. It has faced particular criticism over the quality of its Labour Force Survey (LFS) – used to calculate employment figures.Money latest: Pound nears four-year high versus dollar The Bank of England, which needs accurate readings for its rate-setting committee to make informed judgements, is among institutions to have expressed frustration with the numbers…
On June 18th, the FDA approved Yeztugo (lenacapavir), a medication developed by Gilead Sciences. It is described as an injectable HIV-1 capsid inhibitor as pre-exposure prophylaxis (PrEP) designed to reduce the risk of HIV in adults and adolescents. The bottom line: this is the first and only twice-yearly HIV drug option available in the U.S. for people who need or want PrEP. But will it be available to those who could benefit from it most? Yeztugo Is More Effective than the Oral PrEP In clinical trials, the Yeztugo injections were shown to be more effective than the daily oral PrEP medication, Truvada. The…
As the Bucs seek to continue the best sustained success in franchise history, the team announced multiyear extensions Thursday for head coach Todd Bowles and general manager Jason Licht.Tampa Bay is going after a fifth straight NFC title, all the more impressive considering the Bucs had never won so much as back-to-back division titles in their first 45 seasons. A foundation of that success is continuity, and they’ll have that moving forward, both in the coaching staff and front office. “Jason and Todd’s leadership has been critical to our organization’s success,” team co-chair Joel Glazer said in a statement. “The…
SAN FRANCISCO :Amazon’s AWS recently lost its vice president overseeing generative artificial intelligence development, as the competition for talent heats up.Vasi Philomin told Reuters in an email that he left Amazon for another company, without providing specifics. A company spokesperson confirmed that Philomin had recently left after eight years with Amazon. Philomin helped lead generative AI efforts and product strategy, and oversaw foundation models known as Amazon Titan.The spokesperson said Rajesh Sheth, a vice president previously overseeing Amazon Elastic Block Store, had assumed some of Philomin’s responsibilities.In his biography, Philomin said he also helped create and lead Amazon Bedrock, a…
Advice for students to navigate job market stress and student loan struggles for recent grads – CBS News Watch CBS News As young Americans struggle with job prospects and loan repayment, CBS News business analyst Jill Schlesinger shares tips to ease financial stress and stay on track. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On
There is always baseball happening — almost too much baseball for one person to handle themselves.That’s why we’re here to help, though, by sifting through the previous days’ games, and figuring out what you missed, but shouldn’t have. Here are all the best moments from last night in Major League Baseball:Soto is historically great once moreSometimes it’s easy to forget – because of the fact that he’s signed to the largest contract in pro sports – that Juan Soto is still just in his mid-20s. He’s in his eighth season in the majors, sure, but he showed up on the…