Policymaker Junko Nakagawa of the Bank of Japan recently stated that the central bank will persist in increasing interest rates if inflation progresses as projected. Nakagawa emphasized the importance of considering the potential consequences of market volatility on the economy and prices before deciding on further rate hikes. Despite ending negative interest rates in March
As Los Angeles gets ready to host the 2028 Summer Games, Mayor Karen Bass is already looking at ways to enhance the city’s infrastructure. One of the key areas of focus is public transportation, with a goal of reducing cars on the road to the venues. This initiative will require investments in bus and subway
REA Group, a prominent Australian property listing firm, recently made a bold move by offering 5.6 billion pounds in cash and stock to acquire Rightmove, the largest real estate portal in Britain. However, Rightmove shockingly rejected this lucrative offer, leaving many market analysts puzzled by the decision. By turning down REA Group’s proposal, Rightmove might
Last week marked the Broadway debut of Robert Downey Jr., who starred in the play “McNeal” at Lincoln Center’s Vivian Beaumont Theater. The previews for the play were a huge success, with all four shows being sold out and grossing an impressive $746,230. Directed by Bartlett Sher, the play revolves around Downey’s character, a Pulitzer
Larry Ellison, the chairman and co-founder of Oracle, shocked investors this week with a bold announcement regarding the future of the company’s data centers. In a recent earnings call, Ellison revealed that the increasing demand for electricity due to artificial intelligence has led Oracle to consider utilizing next-generation nuclear technology to power their facilities. Ellison
In a surprising move, Southwest Airlines announced that executive chairman and former CEO Gary Kelly will be retiring next year, marking the end of a nearly four-decade-long career at the airline. This decision comes amidst pressure for changes from activist investor Elliott Investment Management, who has been vocal about the need for leadership changes at
The U.K. is facing a significant challenge when it comes to effectively commercializing technology businesses on a global scale. Warren East, former CEO of Arm, highlighted the lackluster growth and poor rates of GDP per head in the country as a source of national embarrassment. He emphasized the tendency for successful firms in Britain to
The avocado producer, Mission Produce, experienced a significant surge of 21.6% after reporting an impressive 24% increase in revenue for the fiscal third quarter. This is a clear indication of strong financial performance and market demand for their products. Similarly, Calavo Growers also saw a positive increase in their stock price, climbing by 6.5% after
The recent antitrust trial in Google has shed light on the tech giant’s alleged efforts to control all sides of online advertising technology. According to prosecutors, Google has established its dominance by stifling competition through acquisitions, locking customers into its products, and controlling transactions in the online ad market. The Justice Department’s attorney, Julia Tarver
World Bank President Ajay Banga recently spoke at the Lowy Institute think tank in Sydney after visiting 27 countries, including Tuvalu and Fiji. He highlighted the need for the global lender to expedite its processes and streamline its operations in a world that is increasingly polarized. According to Banga, the aspirations of people worldwide are