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(Reuters) -NASA’s Jet Propulsion Laboratory said on Monday it will cut nearly 550 jobs as part of a restructuring, not related to the current U.S. government shutdown. JPL is NASA’s only federally funded research and development center. It designed, built and operated all five of the successful rovers sent so far to the surface of …

NASA’s Jet Propulsion Laboratory to lay off about 550 workers Read More »

By Jaspreet Singh (Reuters) -Salesforce said on Monday it would invest $15 billion in San Francisco over the next five years to accelerate AI adoption, as the cloud software provider looks to sharpen its competitive edge against tech giants. Founded in San Francisco in 1999 and still headquartered there, Salesforce has been integrating AI into …

Salesforce to invest $15 billion in San Francisco as AI race heats up Read More »

By Manya Saini and Niket Nishant (Reuters) -Trading platform Robinhood Markets is open to potential acquisitions in the fast-growing prediction markets space if the right opportunity presents itself, a top executive told Reuters in an interview on Monday, as interest in the once-niche asset class surges globally. “We as a firm are going to be …

Robinhood open to deals to grow prediction markets business, executive says Read More »

By Nupur Anand NEW YORK (Reuters) -JPMorgan Chase announced plans on Monday to hire bankers and invest up to $10 billion in U.S. companies critical to national security and economic resilience as part of a broader $1.5 trillion pledge. The 10-year initiative aims to facilitate, finance and invest in industries central to the growth of …

JPMorgan to invest up to $10 billion in US national security as part of $1.5 trillion pledge Read More »

By Saeed Azhar NEW YORK (Reuters) -Goldman Sachs has lost more than a dozen senior investment bankers this year, a higher number than normal, after internal shake-ups and a sluggish start to 2025 drove them to seek new opportunities, according to three sources familiar with the situation. Some bankers left because they expected to be …

Goldman Sachs loses senior bankers after leadership reshuffles, dealmaking pause Read More »

(Reuters) -Amazon said it plans to hire 250,000 workers for the holiday season across its fulfillment and transportation networks in the U.S., the same number as the last two years, as the e-commerce behemoth prepares for a surge in orders. The announcement on Monday, however, comes amid concerns that U.S. shoppers will be cautious about …

Amazon to hire 250,000 workers during holiday season for third straight year Read More »

By Michael S. Derby and Howard Schneider (Reuters) -In her first speech as head of the Philadelphia Federal Reserve, Anna Paulson said on Monday that rising risks to the job market argue for more interest rate cuts by the U.S. central bank, as trade tariffs now appear unlikely to push up inflation as much as …

Fed’s Paulson anticipates more rate cuts to support job market Read More »