Singapore's largest bank is making a massive play to completely dominate Asian wealth management.
Fueled by accelerating global capital inflows, the lender is launching an aggressive regional expansion, opening new wealth centers and executing a major hiring spree to capture the historic shift in private wealth.
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The US dollar slipped as cooling inflation eased expectations for more Fed rate hikes.
But with rising oil prices and geopolitical tensions still in play, could the Fed change course again?
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SoftBank’s Masayoshi Son ridicules AI critics for ‘spitting upwards’
SoftBank Group’s CEO Masayoshi Son fired back at sceptics of artificial intelligence, dismissing critics as fundamentally misunderstanding the technology and its potential. Son argued that many who doubt AI’s transformative power are like people “spitting upwards” their criticism ultimately harms themselves more than the technology’s development. He also suggested that business leaders unwilling to embrace AI should rethink their roles in supporting innovation and growth.
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Ericsson defies inflation!
With a Q2 core profit of 6.52B Swedish crowns, the telecom giant beat market forecasts through strategic pricing actions and resilient global demand outside North America. Net sales saw a minor dip, but Ericsson proves it knows how to protect its margins in a shifting 5G landscape.
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