By Nupur Anand NEW YORK (Reuters) – JPMorgan Chase named Curtis Reed on Tuesday as chief of the largest U.S. lender’s government banking and healthcare, higher education and not-for-profit banking businesses. Reed, a two-decade veteran of the bank, most recently served as manager for middle market banking in the Chicago region. He will report to …
JPMorgan picks Reed to run government and healthcare businesses Read More »
WASHINGTON (Reuters) – U.S. consumer confidence weakened for a second straight month in January amid renewed concerns about the labor market and inflation. The Conference Board said on Tuesday its consumer confidence index fell to 104.1 this month from an upwardly revised 109.5 in December. Economists polled by Reuters had forecast the index rising to …
US consumer confidence deteriorates further in January Read More »
(Reuters) – A majority of workers at a flagship Whole Foods store in Philadelphia, Pennsylvania voted to unionize on Monday, becoming the first in the Amazon-owned grocery chain to snatch a labor victory. Workers voted 130-100 for union representation at the Center City in Philadelphia, representing about 57% of the total votes cast, according to …
Workers at Philadelphia Whole Foods store vote to unionize Read More »
(Reuters) – Microsoft-backed artificial intelligence (AI) bellwether OpenAI has launched ChatGPT Gov, a tailored version of ChatGPT designed for U.S. government agencies, it said in a blog post on Tuesday. OpenAI said the agencies can deploy ChatGPT Gov in their own Microsoft Azure commercial cloud, and will have access to many of the features and …
OpenAI launches ChatGPT Gov for U.S. government agencies amid rising AI competition Read More »
(Reuters) – Packaged and fresh food supplier Sysco on Tuesday kept its full-year sales and profit forecasts unchanged despite beating estimates for second-quarter revenue, as a recovery in demand from restaurants remains uneven. WHY IT’S IMPORTANT With prices of essentials staying high in the U.S., many budget-conscious consumers are still choosing to eat meals at …
Food supplier Sysco keeps full-year forecasts unchanged despite quarterly beat Read More »
(Reuters) -Belgium-based Titan America is seeking a valuation of up to $3.32 billion in its New York listing, as the initial public offering market picks up steam on hopes of a more business-friendly environment under President Donald Trump. European companies are increasingly looking to list their U.S. units in New York in search of deeper …
Cement producer Titan America targets up to $3.3 billion valuation in US IPO Read More »
WASHINGTON (Reuters) – U.S. single-family house prices increased moderately in November as higher mortgage rates curb demand, boosting the supply of homes on the market. House prices rose 0.3% on a month-on-month basis after an upwardly revised 0.5% increase in October, the Federal Housing Finance Agency said on Tuesday. Prices were initially reported to have …
BUENOS AIRES (Reuters) – Argentina next week will lift import tariffs on some low-cost electric and hybrid vehicles, while cutting taxes on higher-priced cars and motorcycles, the nation’s economy minister said on Tuesday. Up to 50,000 imports of low-cost EVs and hybrids will be exempt from tariffs a year, Economy Minister Luis Caputo announced on …
Argentina lifts tariffs on low-cost EVs and hybrids, cuts some auto taxes Read More »
By Anna Tong SAN FRANCISCO (Reuters) – – Artificial intelligence data startup Turing, one of a growing number of companies that provide human trainers to AI labs, said Tuesday its revenue tripled to $300 million last year as it reached profitability. Palo Alto-based Turing, which says OpenAI, Google, Anthropic and Meta are its clients, was …
AI data startup Turing triples revenue to $300 million Read More »
Walt Disney maintained its lead in U.S. TV viewing share in December, bolstered by holiday movie marathons and strong performances across its cable networks, according to Nielsen’s latest report on Tuesday. YouTube secured the second spot with a record 11.1% share of total TV time, marking its 10th consecutive month as one of the top …
Holiday cheer helps Disney maintain TV viewing lead in December, Nielsen says Read More »
