Australian Dollar Rallies on Hawkish RBA Outlook; Yen Slips as BOJ Faces Political Pressure 
Samsung and SK Hynix Shares Hit Record Highs as Nvidia Earnings Boost AI Chip Demand 
Australian Job Advertisements Hit 16-Month High as Labour Market Stays Resilient 
Netflix Stock Jumps 14% After Exiting Warner Bros Deal as Paramount Seals $110 Billion Acquisition 
Asian Stocks Tumble as US-Iran Conflict Escalates and Oil Prices Surge 
Gold Prices Surge Over 2% After U.S.-Israel Strikes on Iran Spark Safe-Haven Demand 
OpenAI Hires Former Meta and Apple AI Leader Ruomin Pang Amid Intensifying AI Talent War 
Meta Signs Multi-Billion Dollar AI Chip Deal With Google to Power Next-Gen AI Models 
OpenAI Secures $110 Billion Funding Round at $840 Billion Valuation Ahead of IPO 
Australia Housing Market Hits Record High Despite RBA Rate Hike 
China’s New Home Prices Post Sharpest Drop Since 2022 Amid Ongoing Property Slump 
Samsung Electronics Stock Poised for $1 Trillion Valuation Amid AI and Memory Boom 
Australia Targets AI Platforms With Strict Age Verification Rules 
Greg Abel’s First Berkshire Hathaway Shareholder Letter Signals Continuity, Caution, and Capital Discipline 
Oil Prices Surge 13% as U.S.-Israel Strikes on Iran Spark Supply Fears 
Qantas Shares Plunge 10% as Iran Strikes Send Oil Prices Soaring and Disrupt Global Flights 
Walmart will be letting go of one of its executives that have been with the company for more than two decades now. It was reported that Brett Biggs, the current chief financial officer, is leaving and this was already formally announced earlier this week.
Then again, Biggs will not be leaving immediately as Walmart has yet to find someone to replace him. Officially, the 53-year-old’s departure has been set for Jan. 31, 2023. Until this date, he will continue to help with the transition as he vacates his post.
Moreover, it was mentioned that he would also remain part of Walmart’s fintech startup, Ribbit Capital’s board. The company will select his replacement, and some of the company’s internal and external executives will be considered for the CFO role.
“Brett’s high character and strong leadership have played a central role during one of the most significant periods in the company’s history,” Doug McMillion, Walmart’s president and chief executive officer, said in a press release. “His contributions have been a key to the important steps we’ve taken to transform the company on our omni journey.”
The company CEO added, "We are fortunate to have benefited from his talents, and we appreciate everything he’s done for the company during his career.”
At any rate, as mentioned on CNBC, Biggs has been serving Walmart for 22 years now and has always been one of its prominent leaders. He started his work as the company’s CFO in late 2015, so he has been in the position for almost six years today.
Prior to his appointment as CFO, Biggs was Walmart International’s chief financial officer. He also worked at Walmart U.S. and Sam’s Club for the same role. He also held positions as Sam’s Club’s senior vice president of operations and Walmart’s senior vice president of international strategy, mergers, and acquisitions.
Finally, Biggs stated that his time at Walmart in the past two decades has been incredible. He expressed gratefulness by saying it has been a privilege to work alongside the company’s CEO, leadership team, and talented individuals in the finance unit and throughout the company.
