By Noel Randewich and Johann M Cherian (Reuters) -The S&P 500 posted a record high close on Friday for the first time in two years, fueled by a rally in chipmakers and other heavyweight technology stocks on optimism around artificial intelligence. The benchmark’s close confirmed that the S&P 500 has been in a bull market …
S&P 500 notches first record high close in 2 years; chipmakers soar Read More »
By Marianna Parraga and Gary McWilliams (Reuters) -A U.S. court on Friday approved claims by 17 Venezuela-linked creditors, including ConocoPhillips, Rusoro Mining and Koch Industries, to get proceeds from a coming auction of shares in the parent of Venezuela-owned oil refiner Citgo Petroleum to satisfy claims for expropriations and debt defaults. The list, which reduced …
US court accepts $20.8 billion in claims against Venezuela in Citgo auction Read More »
(Corrects David Wagner quote to read “Fed rate cut” instead of “Fed rate hike”) (Reuters) – The S&P 500 posted a record high close on Friday for the first time in two years, fueled by a rally in chipmakers and other heavyweight technology stocks on optimism around artificial intelligence. The benchmark’s close confirmed that the …
Instant view- Record S&P 500 close classifies 15-month rally as a “bull market” Read More »
By Tatiana Bautzer NEW YORK (Reuters) – Morgan Stanley executive chairman and former CEO James Gorman’s compensation rose 17% to $37 million for 2023, the bank said in a filing on Friday. Gorman was paid $31.5 million in 2022. He became executive chairman on Jan. 1 when Ted Pick took over as the bank’s new …
Morgan Stanley’s Gorman awarded 17% pay bump to $37 million in last year as CEO – filing Read More »
(Reuters) -The U.S. Justice Department and the Federal Trade Commission are in discussions over which agency can probe OpenAI on antitrust grounds, including the AI firm’s partnership with Microsoft, Politico reported on Friday, citing three people with knowledge of the matter. Microsoft’s tie-up with the ChatGPT maker has raised antitrust scrutiny after the U.S. software …
DOJ and FTC push to investigate Microsoft’s OpenAI partnership- Politico Read More »
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Friday said she feels there is “a lot of work left to do” on bringing inflation back down to the Fed’s 2% goal, and that it is “premature” to think interest-rate cuts are around the corner. Daly, in an interview with Fox Business Network, …
Fed’s Daly: ‘Premature’ to think rate cuts are around the corner Read More »
By Nupur Anand (Reuters) – Wells Fargo employees at a small bank branch in Atwater, California, voted against forming a union on Thursday, making it the first Wells site to reject burgeoning unionization efforts, the Committee for Better Bankers said in a statement. The vote was three-to-one against joining the Communications Workers of America’s Wells …
Wells Fargo branch workers in California vote against union Read More »
(Reuters) – Microsoft-backed OpenAI has signed a deal with Arizona State University as the ChatGPT owner looks to expand its partnerships beyond technology and media firms. The university said on Thursday it will get access to ChatGPT Enterprise, a version of the viral chatbot that offers more security, privacy and higher-speed access to OpenAI’s technology. …
OpenAI, Arizona State University partner to expand AI in academia Read More »
By Rajesh Kumar Singh (Reuters) -Spirit Airlines is looking at options to refinance its debt and is not considering restructuring, a person familiar with the matter told Reuters on Thursday. The company’s shares have been falling since Tuesday on investor concerns about its financial future after a U.S. judge blocked its $3.8 billion merger with …
Spirit Airlines looking to refinance its debt, not considering restructuring -source Read More »
By Mark John (Reuters) – Weeks of attacks by Iranian-backed Houthi militants on vessels in the Red Sea have disrupted shipping in the Suez Canal, the fastest sea route between Asia and Europe carrying 12% of global container traffic. For the European economy, already skirting a mild recession as it tries to shake off high …
Explainer-What does Red Sea disruption mean for Europe’s economy? Read More »
