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Lagarde could leave ECB early to lead World Economic Forum, triggering leadership reshuffle
The World Economic Forum could appoint European Central Bank (ECB) President Christine Lagarde as its next chair as early as November 2, according to Reuters. If appointed, Lagarde could leave the ECB before her term expires in October 2027, which would trigger a major leadership reshuffle at the central bank. Klaas Knot and Pablo Hernández de Cos are reportedly among the leading candidates to replace her. No final decision has been made.
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24H Trending
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SK Hynix plunged over 8% on Thursday, impacted by concerns over Federal Reserve interest rate hikes and AI investment funding.
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India's Jio Platforms has lowered its valuation to approximately $108 billion ahead of its IPO next week, planning to raise $3.2 billion.
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Gudea raises $7 million in seed funding, bringing total funding to $15 million, to leverage AI for social media crisis prevention.
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Binance founder CZ retweeted, stating it's amazing that Solana can advertise and set up offices in China, while BNB Chain currently cannot.
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US says it destroyed a vessel suspected of Iranian command and control in the Gulf of Oman, accusing it of spying on the US Navy.
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South Korea's KOSPI index fell 5.11% today, now at 5,701.75.
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South Korea's KOSPI index fell 6.03% today, now at 5,646.66.
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Prominent analyst Jason Schenker predicts: The Federal Reserve will hold steady in October, and may raise interest rates by 50 basis points in December.
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Australian Unemployment Rate Rose to 4.7% in September on Job Losses, Exceeding Expectations
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The Nikkei 225 index fell 3.13% today, now at 65,626.07.
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