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SAO PAULO (Reuters) -Brazilian airline Azul said on Tuesday it has finalized a debt restructuring process regarding financial obligations with bondholders, suppliers and plane lessors, according to a securities filing. Azul said the process included the termination of almost $1.6 billion in debt from its balance sheet, while it also raised $525 million in fresh …

Brazil’s Azul reduces $1.6 billion in debt as it concludes restructuring process Read More »

By Caroline Valetkevitch NEW YORK (Reuters) -U.S. stocks ended higher on Tuesday, with Nvidia and other artificial intelligence-linked technology shares recovering from sharp losses the previous day as investors snapped up bargains. The Nasdaq jumped 2% and AI chip leader Nvidia rose 8.9%, a day after its 17% drop erased about $593 billion from its …

Nasdaq leads Wall St higher, tech shares recover from Monday’s sell-off Read More »

By Andrea Shalal, David Shepardson and Kanishka Singh WASHINGTON (Reuters) – U.S. officials are looking at the national security implications of the Chinese artificial intelligence app DeepSeek, White House press secretary Karoline Leavitt said on Tuesday, while President Donald Trump’s crypto czar said it was possible that intellectual property theft could have been at play. …

White House evaluates effect of China AI app DeepSeek on national security Read More »

(Reuters) -Kohl’s said on Tuesday it has reduced nearly 10% of its corporate workforce, as the department store chain aims to improve profitability. The company said more than half of the total reductions would come from closing open positions, while the rest from eliminating roles currently held by its associates. The layoffs follow Kohl’s announcement …

Kohl’s cuts 10% of its corporate workforce Read More »

(Reuters) – Insurance company Chubb posted a rise in fourth-quarter profit on Tuesday, helped by strong gains in its underwriting business and higher returns on its investments. However, the Zurich-based insurer said it expects a pre-tax net cost of $1.5 billion from the California fires, which will impact its first quarter of 2025. These wildfires …

Insurer Chubb’s profit rises on strong underwriting business, investment income Read More »

By Carolina Mandl MIAMI (Reuters) – Point72 Asset Management’s founder Steven Cohen said on Tuesday that he would expect the stock market to reach a peak soon amid inflation pressure and uncertainties around U.S. President Donald Trump’s policies on tariffs and immigration. Trump has threatened to impose a universal tariff on foreign-imported goods and others …

Point72’s Cohen says Trump’s policies could halt markets’ rise this year Read More »

By Mike Scarcella (Reuters) -Automotive technology giant CDK Global has agreed to pay $630 million to settle antitrust claims that it caused hundreds of software vendors to overpay for vehicle dealership data by restricting access. The proposed settlement, filed on Monday night in a federal court in Madison, Wisconsin, requires a judge’s approval. The company …

Auto tech firm CDK reaches $630 million settlement in US dealer data case Read More »

(Reuters) -Lucid Group has named veteran finance professional Taoufiq Boussaid as its chief financial officer, the electric vehicle maker said on Tuesday, more than a year after Sherry House stepped down from the role. Boussaid was previously group CFO of Belgium-listed steel and coatings technology company NV Bekaert SA and contributed to reducing debt load …

EV maker Lucid names Taoufiq Boussaid as CFO Read More »