Picicci, a company veteran, succeeds Jane Nielsen, who will remain as the company’s chief operating officer. https://www.wsj.com/articles/ralph-lauren-taps-justin-picicci-as-its-next-chief-financial-officer-1b0c9495
Kathyn Wylde, CEO of the Partnership for New York City, spoke with Bloomberg’s Manus Cranny about her views on bail reform in New York, real estate, the need for housing, safety and her worries about the upcoming presidential election. (Source: Bloomberg) from Bloomberg Markets https://ift.tt/hU4AXzP
As Big Tech ramps up spending on artificial intelligence, companies are increasingly looking overseas, investing billions of dollars to build out AI infrastructure. https://www.wsj.com/articles/big-tech-moves-more-ai-spending-abroad-088988de
New Jersey Governor Phil Murphy slammed Amtrak over a system failure that caused “an unmitigated disaster” resulting in delays for thousands of commuters in his state and the New York area during the evening rush hour Wednesday. from Bloomberg Politics https://ift.tt/VmE68Id
The United States House of Representatives voted on Thursday in favor of barring the Federal Reserve from directly issuing a Central Bank Digital Currency (CBDC) to its citizens. The CBDC Anti-Surveillance State Act bill garnered support from 213 Republicans and 3 Democrats, making the final tally 262 ‘yea’ to 192 ‘nay’. Republicans Pass Another Crypto…
Another round of blowout earnings from artificial-intelligence darling Nvidia Corp. and the economy’s steady advance mean the S&P 500 Index likely has further room to rise, according to JPMorgan Chase & Co.’s trading desk. from Bloomberg Markets https://ift.tt/HzDqVsZ
An investor and tech entrepreneur’s property overlooking the Potomac is one of the D.C. area’s most expensive homes for sale. https://www.wsj.com/articles/bethesda-maryland-home-eyes-price-record-c2d5547f
A reporter put Jennifer Lopez on the spot Wednesday, asking the singer a pointed question about the Ben Affleck divorce rumors while she was doing press for her upcoming film. Jenny from the block was in Mexico City, Mexico, to promote “Atlas,” which she also produced. Sitting on stage with co-star Simu Liu, the duo…
Monetary policy divergence is an important factor in G-10 currencies, while this year’s trend for a higher dollar remains intact, particularly versus the Japanese yen and Swiss franc, said Brown Brothers Harriman. The dollar edged higher for the session. https://www.wsj.com/articles/asian-currencies-consolidate-may-be-weighed-by-fomc-minutes-325f1999
Most investors expect South Africa’s ruling African National Congress to form a stable coalition that includes the Inkatha Freedom Party after May 29 elections, boosting financial markets and ensuring policy stability, according to research group Krutham. from Bloomberg Politics https://ift.tt/NOkRfWy