IBM is building a cloud for Financial Services. BNP Paribas will come on board as the anchor client for the services. IBM is in discussions with Japan's Mitsubishi UFJ Financial Group (MUFG) to explore how it can adopt the IBM Cloud for Financial Services. Business Insider report that this marks a milestone in the modernization of the global financial industry. IBM Cloud for Financial Services is the world's first product of its kind.
Prime Minister Narendra Modi interacted with IBM CEO Arvind Krishna via video conferencing in Delhi on July 20. PM Modi mentioned the strong connect of IBM with India and its huge presence in the country, with over one lakh people working across 20 cities in the company.
c/o the Biden campaign Former Vice President Joe Biden's campaign is introducing a new set of fonts, Decimal and Mercury, to be used "across campaign content like graphics, video, and more." The presumptive Democratic nominee has tapped Hoefler & Co., a legendary typeface company featured in a Netflix documentary and behind many of the country's most storied brands. Hoefler & Co. have done typefaces for the Obamas, Rolling Stone, Twitter, Tiffany & Co., the Guggenheim, Condé Nast and Nike.
U.S. retail sales in July increased less than expected as consumers cut back on purchases of motor vehicles. As Fred Katayama reports, it could slow further in the months ahead amid spiraling new COVID-19 infections and a reduction in unemployment benefit checks.
The S&P 500 ended slightly lower Thursday after briefly trading above its record closing high level for a second day, and the Dow also fell in the wake of a disappointing forecast from Cisco Systems. Fred Katayama reports.
National Securities' Art Hogan says people shouldn't change their long-term investment plans for the presidential election. He also tells Reuters' Fred Katayama they should hold tech and cyclical stocks amid the current market rotation.
Even though the White House has downplayed reports it is considering the idea of delisting Chinese stocks from U.S. stock exchanges, if that was to happen it would set off a chain of events resulting..