Author name: fwadmin

BNP Paribas entered into exclusive talks to buy the investment-management arm of insurer AXA and reach a long-term partnership for 5.1 billion euros ($5.52 billion), in a deal that would create a European asset-management giant.

CEO Glenn Chamandy is focusing on ways to both optimize production by using underused capacity in places such as Latin America and improve product quality of the basic apparel that Gildan is known for.

The company projected weaker-than-expected revenue growth and said it would continue to ratchet up spending to meet anticipated demand for artificial-intelligence services.

What once was a strategic, long-term partnership between the world’s biggest software company and an AI startup has morphed into something more complicated.

For investors skeptical of Meta’s massive investment in artificial intelligence infrastructure, CEO Mark Zuckerberg is urging them to look at the results.

Fed Chair Jerome Powell said Wednesday that central bankers would consider the “totality” of data in determining when to cut.

Liquid cooling systems are the solution to “power shortage pressures” in data centers, the bank said in a July 30 report.

At his press conference, Fed Chair Jerome Powell said a rate cut in September is “on the table,” provided the inflation data continues to be encouraging.

Meta reported stronger-than-expected results for the second quarter on Wednesday, sending shares sharply higher in after-hours trading.

Over time, lower Fed rates should reduce borrowing costs for consumers and businesses, including mortgage and auto-loan rates.