And welcome to power lunch. Im melissa lee. Stocks keep surging. New records for the s p and nasdaq and the usual suspects keep hitting fresh new highs. Corning, electronic arts, nvi nvidia, the list goes on and on. On pace for its best day since march 3rd, snap has traded over 44 million shares today. That is more than double its 30day average volume. One of the key catalysts for had monday, the surge in the price of oil. Crude hitting nearly 50 a barrel. Lets get the latest from the y nyse floor and bob pisani. Reporter and thats the key. The market in the rotation. Lets put up the board. Whats been weak throughout the year is this energy, banks and retail. Whats leading today . Energy, banks, and retail. This is what i talk about this rotation. Consumer discretionary but theyre lagging today. Take a look at sectors in 2017. Yes, tech and Consumer Discretionary but, look, banks and energy have been laggards. Theyre leading. This is why the market keeps holding up near the top. Old st
AI ISV Semantic Software Asia Pacific set for winding up
AI ISV Semantic Software Asia Pacific set for winding up
Liquidators to be appointed.
Supreme Court of NSW Credit: Dreamstime
Sydney-based independent software vendor (ISV) Semantic Software Asia Pacific is set for closure as the Australian Securities and Investments Commission (ASIC) green lights its winding up.
Liquidators are set to be appointed to the artificial intelligence (AI) specialist after the New South Wales Supreme Court ordered that it be wound up on just and equitable grounds .
The ruling follows earlier court orders made on 28 June 2021 that preserved Semantic’s assets and restrained Semantic director Duncan Mount and former director Mark Bradley from receiving or soliciting funds from investors and from advertising, promoting or marketing fundraising for the company.