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Pipeline pressures and rate risks – DBS

DBS Group Research economists Radhika Rao and Chua Han Teng highlight that ASEAN-6 economies are experiencing asymmetric inflation outcomes despite a common energy shock. Indonesia and Malaysia show relatively contained inflation, while Thailand, Vietnam and Philippines face higher readings. Rising WPI/PPI point to pipeline pressures, with policymakers expected to stay…

AI automation anxiety grows as expert warns jobs face pressure in 5 years

VANCOUVER, British Columbia – As the AI revolution continues to rapidly expand throughout the corporate world, many employees are facing “automation anxiety” that their job may be replaced by technology.  Speaking on Centre Stage at Web Summit Vancouver, Kyle Hanslovan said, “I think many will be pressured in the next five years, where their job can be automated.”Just this week, Meta began laying off another 8,000 employees, roughly 10% of its workforce, while TurboTax maker…

Finance news

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Business

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Alaska Republican unveils bill to codify a strategic bitcoin reserve

EXCLUSIVE: Rep. Nick Begich, R-Alaska, is unveiling the American Reserve Modernization Act to establish a U.S. strategic bitcoin reserve in an attempt to diversify America’s reserves balance sheet. This bill, which is receiving bipartisan support, would establish the reserve within the Treasury Department with a separate digital asset stockpile for…

Markets

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Victoria’s Secret wants you to know it’s VSXY again

The stock market just got a whole lot sexier.Victoria’s Secret will begin trading under a new ticker symbol, VSXY, on June 2. The lingerie retailer said on Thursday that this change is intended to make it clear that the brand stands for sexiness.The company has traded under the ticker symbol…

Investing

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