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India's AI ambitions hinge on workforce re-skilling, IBM India head says
Reuters88d agoneutral
India's AI ambitions hinge on workforce re-skilling, IBM India head says

India will need a coordinated push across government, companies and academia on skilling and ‌policy if it wants to become an AI powerhouse, an IBM ‌executive said, as the technology threatens the country's position as a global services hub. IBM India head ​Sandip Patel told Reuters on Monday that the South Asian nation's large young workforce could give it an advantage in the global race to adopt and capitalize on the technology, which companies say can improve productivity. More than half of India's population of around 1.4 billion is under 30, giving the world's most populous nation a vast young workforce.

S&P 500 Blasts Above 7,500 as Iran Strait Deal Hopes Crush Oil Prices
24/7 Wall St.88d agoneutral
S&P 500 Blasts Above 7,500 as Iran Strait Deal Hopes Crush Oil Prices

The stock market is doing something that would have seemed impossible just weeks ago. Despite a global oil shock, rising inflation fears, and growing concerns the U.S. economy is drifting back toward stagflation, S&P 500 futures surged above 7,534 on Memorial Day — its highest level ever. The catalyst was reports that the Trump administration ... S&P 500 Blasts Above 7,500 as Iran Strait Deal Hopes Crush Oil Prices

Italian Stocks Hit First Record in 26 Years Led by Energy, Chips
Bloomberg88d agoneutral
Italian Stocks Hit First Record in 26 Years Led by Energy, Chips

(Bloomberg) -- Italy’s benchmark equity index rose past its all-time closing high set in 2000, with a recent rally in energy and chip stocks supercharging it to record levels.Most Read from BloombergNvidia CEO Urges Super Micro to Tighten Up on ComplianceTrump Doctor Visit Renews Health Scrutiny as 80th Birthday NearsTrump Says He’ll Announce Negotiated Deal With Iran ShortlyRubio Sees Good News Coming on Hormuz as Iran Talks ContinueUS, Iran Inch Toward Deal as Gaps Remain on Uranium, Sanctions

Kevin Warsh Sworn In as Fed Chair With Lowest Senate Votes Ever Amid Independence Concerns
24/7 Wall St.88d agoneutral
Kevin Warsh Sworn In as Fed Chair With Lowest Senate Votes Ever Amid Independence Concerns

Kevin Warsh takes the oath as Federal Reserve chair on Friday in a White House ceremony, only the second Fed swearing-in held at the executive mansion in nearly 40 years. The last was Ronald Reagan hosting Alan Greenspan in 1987, a tableau the Trump White House is happy to revive. The optics matter because Warsh ... Kevin Warsh Sworn In as Fed Chair With Lowest Senate Votes Ever Amid Independence Concerns

Markets Now Pricing in Rate Hikes Through 2027 as Fed Cut Expectations Evaporate
24/7 Wall St.88d agoneutral
Markets Now Pricing in Rate Hikes Through 2027 as Fed Cut Expectations Evaporate

The conversation about the Federal Reserve has flipped in a way that should make anyone holding long-duration assets sit up. A few months ago, the debate was about the cadence of cuts. Now, market strategists are saying the question is how long the Fed will stay on hold, and the curve has actually drifted to ... Markets Now Pricing in Rate Hikes Through 2027 as Fed Cut Expectations Evaporate

Is Starbucks open today, Memorial Day?
TheStreet88d agoneutral
Is Starbucks open today, Memorial Day?

Just because it’s a holiday Monday doesn’t mean you can live without coffee. So if a Starbucks run is part of your morning routine, you may be wondering whether you can still grab that iced brown sugar oat milk espresso or latte just like you usually do, even though it's Memorial Day. While ...

Schneider Electric sees India data center business outpacing core growth on AI boom
Reuters88d agoneutral
Schneider Electric sees India data center business outpacing core growth on AI boom

Schneider Electric expects its India data center business to outpace broader operations in the country over the ‌next four to five years, driven by surging demand for AI-ready infrastructure, ‌according to a senior executive. Data centers currently account for 15% to 20% of Schneider Electric's India ​business and are growing at a double-digit pace, with the company expecting the segment to become a much larger share, Sumati Sahgal, vice-president for Secure Power and Data Centres, Greater India Zone, told Reuters in an interview on Friday.

China Trading Tycoon Loses $1.7 Billion in One Day After Curbs
Bloomberg88d agoneutral
China Trading Tycoon Loses $1.7 Billion in One Day After Curbs

(Bloomberg) -- A Chinese online brokerage tycoon lost more than a quarter of his fortune in a single day after Beijing cracked down on cross-border stock trading to tighten control over capital outflows. Most Read from BloombergNvidia CEO Urges Super Micro to Tighten Up on ComplianceTrump Doctor Visit Renews Health Scrutiny as 80th Birthday NearsTrump Says He’ll Announce Negotiated Deal With Iran ShortlyRubio Sees Good News Coming on Hormuz as Iran Talks ContinueUS, Iran Inch Toward Deal as Gaps