By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. India’s central bank interest rate decision grabs the spotlight in Asia on Friday, as investors digest yet another record high for the Nasdaq and adjust positions ahead of the weekend. The U.S. employment report for November later in the day is …
Morning Bid: India rate call in focus, political crises cool Read More »
(Reuters) -The Federal Deposit Insurance Corporation has started to more closely track financial technology companies that partner with banks across the U.S., Bloomberg News reported on Wednesday. An internal database will help FDIC examiners track third parties that work with banks, and anticipate potential vulnerabilities before they become a problem, the report added, citing people …
FDIC seeks to closely track fintech firms, Bloomberg News reports Read More »
By Gary McWilliams HOUSTON (Reuters) – U.S. oil producer Chevron on Thursday said it will take up to $1.5 billion in fourth-quarter charges for restructuring, asset impairments and property sales costs. Much of the charges are for job cuts and relocations planned for the next two years, the company said in a statement. Chevron did …
Chevron to take up to $1.5 billion in fourth-quarter charges Read More »
By Manya Saini, Suzanne McGee and Saqib Iqbal Ahmed (Reuters) -GameStop’s shares jumped on Thursday after a cryptic post from meme stock influencer Keith Gill, who shot to notoriety after his online personas and bullish bets on the video game retailer sparked a trading frenzy among mom-and-pop investors. Gill posted a picture resembling a Time …
GameStop jumps after cryptic post from ‘Roaring Kitty’ rekindles retail hype Read More »
By Lananh Nguyen NEW YORK (Reuters) – HSBC promoted Lisa McGeough to become its CEO for the United States at the start of next year, the bank said on Thursday in a statement first seen by Reuters. The appointment comes as part of a sweeping overhaul by new CEO Georges Elhedery, who has made a …
HSBC appoints Lisa McGeough to lead US as CEO Elhedery shuffles leaders Read More »
(Reuters) -Elon Musk’s artificial intelligence startup xAI said on Thursday it has raised around $6 billion in equity financing as it races to compete with other AI firms. The funding comes at a time xAI is looking to increase its footprint in the artificial intelligence industry by expanding its Memphis, Tennessee, supercomputer to house at …
Musk’s xAI raises around $6 billion in equity financing Read More »
(Reuters) – OpenAI on Thursday launched a version of its popular chatbot ChatGPT priced at $200 per month, which can be used in engineering fields and for research, as the AI firm looks to expand industry applications for its technology. The new tier, called ChatGPT Pro, will be in addition to OpenAI’s existing subscriptions of …
OpenAI launches $200 ChatGPT subscription for research use Read More »
By David Shepardson and Allison Lampert CHICAGO/MONTREAL (Reuters) -A global blueprint for modern air travel struck 80 years ago this week faces fresh tests managing change and rising air traffic in the developing world, a senior official at the UN’s aviation agency told Reuters. On Thursday, the UN’s International Civil Aviation Organization (ICAO) is bringing …
UN aviation agency at 80 challenged by climate change, rising traffic Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) -Cary Kochman, one of Citigroup’s top dealmakers, is retiring after spending nearly 14 years at the helm of the Wall Street bank’s mergers and acquisitions group, people familiar with the matter told Reuters on Thursday. Kevin Cox, who earlier this year took over as the interim head of global …
Citi M&A veteran Cary Kochman to retire, sources say Read More »
WASHINGTON (Reuters) – Annual benchmark revisions to U.S. nonfarm payrolls are likely to show the economy added about 668,000 fewer jobs in the 12 months through March, instead of the initially estimated 818,000, updated data suggested on Thursday. The Labor Department’s Bureau of Labor Statistics updated the Quarterly Census of Employment and Wages (QCEW) data …
