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Banking & Finance
Fed Likely to Cut Interest Rates Amidst Solid Economic Performance
The U.S. Federal Reserve is expected to implement a series of interest rate cuts. This comes after a weaker-than-expected July jobs report and a brief market sell-off that triggered rate cut expectations, with markets now pricing a 70% chance of a 25 basis point reduction in September. Most respondents foresee cuts in September, November, and December, bringing the federal funds rate to 4.50%-4.75% by year-end...
Public Markets
Apple Announces CFO Transition as Luca Maestri Steps Down
On August 26, 2024, Apple announced that Luca Maestri, the company's Chief Financial Officer, will transition from his role on January 1, 2025. Maestri, who has been pivotal in doubling Apple's revenue and significantly boosting services revenue during his tenure, will continue to lead the Corporate Services teams, reporting directly to CEO Tim Cook...
Private Markets
Infobip Appoints Yariv Dafna as CFO Amid Growth in the CPaaS...
Yariv Dafna has been appointed as the new Chief Financial Officer of Infobip, a global cloud communications platform. Dafna has nearly two decades of experience in finance, business administration, and operations. He previously served as Group CFO at Evoke PLC and as President and Group CFO at Telit Communications PLC...
Features
Elon Musk Reveals Starlink’s Plan for Free Global Emergency Services and...
Elon Musk, the CEO of SpaceX, has disclosed that the company's satellite internet service, Starlink, intends to provide free emergency services and access to cell phones worldwide. This initiative is a component of SpaceX's partnership with T-Mobile and is currently awaiting regulatory sanction from the Federal Communications Commission (FCC)...