SK Hynix suggests its stock is too cheap as it embarks on $29 billion buyback

In July, Fidji Simo announced she would step down from her role as OpenAI’s CEO of applications and transition to a part-time advisor role. Simo, who was diagnosed with postural tachycardia syndrome, or POTS, in 2019, initially took medical leave in April. “Over the last seven years, I’ve spent countless hours in doctors’ offices, dealing…

Regulation was on digital assets’ minds this week. They shared their thoughts on the CLARITY and the GENIUS Act and how they compare with the European Union’s MiCA regulation [Markets in Crypto Assets]. Other topics included AI and investing. Markets and investing “Capital is beginning to concentrate around infrastructure because that’s ultimately what determines how quickly…

Financial institutions are required to incorporate a margin of conservatism of type C (MoC C) for the general estimation error into their probability of default estimates. This paper makes three key contributions to the quantification of MoC C. First, the European banking regulation allows financial institutions to choose between overlapping and nonoverlapping one-year default rates…

Swift, a financial-messaging platform, said its new international money-transfer service is now live in the United States, with Bank of America Corp. and J.P. Morgan online with the service. The move follows recent launches in Canada and Germany. Swift says the new service will show recipients the full transaction amount with no unexpected deductions. It…

For Indians living abroad, a life insurance payout can lose value simply because of currency movements.   Addressing this gap, Policybazaar has started offering US dollar-denominated term insurance plans of its partner insurers for non-resident Indians (NRIs) through GIFT City.   This allows policyholders to pay premiums and receive claim payouts in…