(Reuters) – Australia’s corporate regulator said on Friday it was assessing all options for a regulatory response, after bourse operator ASX’s clearing and settlement software CHESS broke down last month. The Australian Securities and Investments Commission (ASIC) said it was deeply disappointed by the incident and the impact it had on the market. “ASIC is …
(Reuters) – Stargate, the joint venture by OpenAI, SoftBank and Oracle to develop data centers for artificial intelligence in the U.S., will exclusively serve ChatGPT maker OpenAI, the Financial Times reported on Thursday. (Reporting by Chandni Shah in Bengaluru; Editing by Alan Barona)
By Sinéad Carew and Johann M Cherian (Reuters) -The benchmark S&P 500 rose to a record closing high on Thursday, as investors assessed a mixed bag of corporate earnings and digested comments from President Donald Trump, including a call for cuts in interest rates and oil prices. At the World Economic Forum in Davos, Switzerland, …
S&P 500 notches closing record with focus on Trump comments, earnings Read More »
By Katie Paul NEW YORK (Reuters) – The inability of Meta’s AI chatbot to identify the current president of the United States was elevated to urgent status by the Facebook owner this week, requiring a fast fix, a person familiar with the issue said. Republican Donald Trump was inaugurated as president on Monday, succeeding Democrat …
Meta seeks urgent fix to AI chatbot’s confusion on name of US president Read More »
By Michael S. Derby and Dan Burns (Reuters) -U.S. President Donald Trump on Thursday said he wants the Federal Reserve to cut interest rates at a time the central bank has hit pause for an uncertain duration, arguing he understands monetary policy better than those charged with setting it. “With oil prices going down, I’ll …
Trump demands Fed cut rates, claims better monetary policy understanding Read More »
By Daniel Wiessner (Reuters) – President Donald Trump has issued an executive order designed to eradicate workforce diversity, equity and inclusion (DEI) initiatives in the federal government and the private sector. Trump suggested that some companies will face investigations and legal action if their programs are deemed to be discriminatory. WHAT IS DEI? The term …
Explainer-Trump says corporate diversity efforts are illegal – but are they? Read More »
By Sinead Cruise LONDON (Reuters) -HSBC’s decision to shutter international payments app Zing is likely to trigger around 400 job losses, a source familiar with the matter said, as CEO Georges Elhedery steps up cost-cutting efforts at Europe’s largest bank. The staff at risk of redundancy will be informed from Thursday, according to the source, …
HSBC’s payments app closure puts around 400 jobs at risk, source says Read More »
By Lananh Nguyen and Ross Kerber (Reuters) – U.S. President Donald Trump on Thursday accused the CEOs of Bank of America and JPMorgan Chase of not providing banking services to conservatives, echoing Republican complaints about the industry. The broadside against Wall Street banks comes after some institutions have been accused by both congressional Republicans and …
Trump airs conservative complaints that Bank of America, JPMorgan deny services Read More »
By Pritam Biswas and Nupur Anand NEW YORK (Reuters) -JPMorgan Chase said on Thursday that long-serving CEO Jamie Dimon’s 2024 pay package climbed about 8.3% to $39 million after the bank posted a record profit amid a revival in dealmaking and fundraising activities. His compensation included a base salary of $1.5 million and $37.5 million …
JPMorgan CEO Dimon’s 2024 pay rises after record profit Read More »
By Nivedita Balu TORONTO (Reuters) -TD Bank said on Thursday Chief Global Anti-Money Laundering Officer Herbert Mazariegos is stepping down immediately, as the bank takes remediation actions after it was fined by U.S. regulators for compliance failures. Mazariegos joined TD in November 2023 from Bank of Montreal, where he served as the chief anti-money laundering …
TD Bank global anti-money laundering officer stepping down Read More »
