(Reuters) -Meta Platforms was set to seal an almost $30 billion finance package for its data center site in rural Louisiana, which would be the largest private capital deal on record, Bloomberg News reported on Thursday. Large-scale cloud service providers, called hyperscalers, have been racing to build AI infrastructure, with most of the investment going …
By Manya Saini, Arasu Kannagi Basil and Ateev Bhandari (Reuters) -U.S. bank stocks, including Zions Bancorporation, Jefferies, and Western Alliance, fell sharply on Thursday as investors grew uneasy about risk in the sector, which has been shaken by exposure to two auto bankruptcies. Zions sank 12% after disclosing it would take a $50 million loss in …
US bank stocks plunge as investors grow uneasy about mounting risks Read More »
(Corrects paragraph 5 to specify that Citi declined to comment while CFPB did not respond) WASHINGTON (Reuters) -The top U.S. consumer finance watchdog agency on Thursday terminated a 2023 enforcement case against Citigroup’s lending arm Citibank that had penalized the banking giant for alleged discrimination against Armenian Americans in California. Citibank in 2023 agreed to …
US CFPB scraps Citibank discrimination case three years early Read More »
By David Lawder WASHINGTON (Reuters) -The U.S. budget deficit shrank by $41 billion to $1.775 trillion in the 2025 fiscal year as an increase in revenue from President Donald Trump’s tariffs and cuts to education spending helped offset higher outlays on healthcare and retirement programs and interest on the debt, the Treasury Department said on …
US budget deficit dips in fiscal 2025 on boost from tariffs, education spending cuts Read More »
By Noel Randewich (Reuters) -Wall Street closed lower on Thursday, with signs of weakness in regional banks spooking investors already on edge over U.S.-China trade tensions. Shares of Zions Bancorporation tumbled 13% after the regional bank disclosed an unexpected loss on two loans in its California division, adding to growing investor unease about hidden credit …
Wall Street ends down; Zions sparks worries about regional banks Read More »
By Stephen Nellis and Harshita Mary Varghese (Reuters) -Oracle said on Thursday it expects cloud infrastructure revenue to grow to $166 billion in fiscal 2030, which would make up nearly 75% of its total sales by then. Chief Executive Officer Clay Magouyrk gave the cloud infrastructure prediction during a meeting with financial analysts, where he said …
Oracle expects cloud sales of $166 billion by 2030 as business expands Read More »
By Patrick Wingrove (Reuters) -Roche on Thursday launched direct-to-consumer U.S. sales of its influenza antiviral pill Xofluza at a discounted cash price of $50, following similar moves by rivals as they scramble to address pressure from the Trump administration to lower prescription drug prices paid by Americans. The Xofluza cash price, offered by Roche’s U.S. …
Roche to sell flu pill for $50 to cash-paying US patients Read More »
NEW YORK (Reuters) -JPMorgan Chase CEO Jamie Dimon said on Thursday the largest U.S. lender was looking at banks in Europe and Latin America, without giving further details, but a spokesperson later said the comments were in jest. Dimon made the comments in response to economic commentary from Banco Santander Executive Chair Ana Botín as …
JPMorgan CEO says company looking at Europe, Latin America banks Read More »
(Reuters) -U.S. liquefied natural gas producer NextDecade said on Thursday it had reached a positive final investment decision (FID) on the fifth liquefaction plant, known as a train, of its Rio Grande export project in Texas. Shares of the company rose over 4% in extended trading, as the announcement marked the fifth positive FID for …
NextDecade reaches positive FID on Train 5 at Rio Grande LNG project in Texas Read More »
(Reuters) -CSX reported third-quarter profit and revenue above Wall Street estimates on Thursday as improving intermodal volumes and higher pricing in merchandise helped offset the impact from lower coal prices, sending the railroad operator’s shares up 3%. Weakness in the coal market has remained a headwind for the East Coast railroad operator due to lower demand …
CSX beats quarterly estimates on higher intermodal volumes, merchandise pricing Read More »
