The impact of U.S. consumer inflation on Asian currencies was evident on Thursday as most currencies in the region moved within a flat-to-low range. The dollar firmed up following a strong reading on U.S. consumer inflation, which dashed hopes of a significant interest rate cut by the Federal Reserve. This led to fluctuations in the
As the world moves deeper into the digital age, innovations are restructuring traditional asset management, especially in regards to real-world assets (RWAs). Plume Network is on the forefront of this transformation, emerging as the first modular Ethereum Virtual Machine (EVM) chain designed specifically for bringing RWAs on-chain. Their latest initiative, the launch of the Mineral
As the excitement from the successful 2024 Olympics and Paralympics in Paris lingers, all eyes are now on Los Angeles as they prepare to host the next summer Games in 2028. Los Angeles Mayor Karen Bass expressed her anxiety about the extensive preparations needed for the event but remains confident that the city will rise
Southwest Airlines made waves on Tuesday with the announcement that Gary Kelly, the executive chairman and former CEO, will be retiring next year. This news comes amidst pressure from activist investor Elliott Investment Management for significant changes within the company. In a letter to shareholders, Kelly expressed the need for change and innovation, stating that
After Citi closed its public finance division, banker Archana Chandrasekhar took a unique path by pausing before diving back into the municipal market. This decision led her to start a new firm, Full Moon Capital, focusing on investing in purpose-built real estate developments at universities and hospitals. During her 14-year tenure at Citi, Chandrasekhar specialized
Dubai’s property market is currently experiencing unprecedented growth, with sales figures and property values reaching record highs in 2024. However, not everyone is celebrating this boom. Hussain Sajwani, chairman of Dubai property giant Damac, has expressed concerns about the negative consequences of this rapid expansion. Sajwani acknowledges that the increasing demand for property, especially in
The newly appointed CEO of Starbucks, Brian Niccol, has outlined a plan to prioritize the improvement of the chain’s U.S. business before addressing issues abroad. In an open letter published recently, Niccol acknowledged the shortcomings of the chain, particularly in the U.S. where there have been challenges in delivering a consistent customer experience. He identified
As the curtain falls on 2024, UBS has spotlighted a selection of tech stocks poised to outperform in the final quarter, particularly in the wake of significant market shifts. Following a dramatic week that saw Nvidia’s market cap shrink by almost $300 billion—the largest one-day drop in U.S. history—the semiconductor industry has been left reeling.
The National Football League (NFL) has made significant strides in expanding its fanbase through strategic streaming deals with various media companies. Hans Schroeder, the NFL’s executive vice president of media distribution, highlighted the league’s commitment to growing its audience during CNBC x Boardroom’s Game Plan sports business event. This push for growth was evident in
The aftermath of the fiery U.S. presidential debate has had a significant impact on Asian currencies. As the dollar retreated, most Asian currencies gained ground, signaling a shift in the foreign exchange market. The debate, which escalated into personal attacks between the candidates, has further heightened uncertainty in the market. This article delves into the