WASHINGTON, Dec 10 (Reuters) – U.S. President Donald Trump said on Wednesday the news network CNN should be sold as part of a deal for its parent company Warner Bros Discovery or separately. “CNN should be sold,” Trump told reporters at the White House. Trump has been a vocal critic of CNN, frequently branding the …
Trump says CNN should be sold as part of Warner Bros Discovery deal Read More »
By Saeed Azhar and Arasu Kannagi Basil NEW YORK, Dec 10 (Reuters) – Bank of America CEO Brian Moynihan said on Wednesday he expects revenue from the bank’s markets business to rise between a high single-digit percentage and 10% in the fourth quarter, while investment banking fees will be broadly flat. Markets sold off in …
Bank of America CEO expects markets revenue to jump in fourth quarter Read More »
Dec 10 (Reuters) – Insurance broker WTW said on Wednesday it will acquire Newfront in a deal worth up to $1.3 billion, aiming to expand its reach in the U.S. middle-market through the brokerage. The deal will be through a $1.05 billion upfront payment that includes about $900 million in cash and $150 million in …
WTW to buy brokerage firm Newfront in up to $1.3 billion deal Read More »
NEW YORK, Dec 10 (Reuters) – The Federal Reserve cut interest rates on Wednesday in another divided vote, but signaled it will likely pause further reductions in borrowing costs as officials look for clearer signals about the direction of the job market and inflation that “remains somewhat elevated.” New projections issued after the U.S. central …
Fed sees only one rate cut in 2026; no hike ahead, says Powell Read More »
By Gertrude Chavez-Dreyfuss NEW YORK, Dec 10 (Reuters) – Futures on the federal funds rate, which measure the cost of unsecured overnight loans between banks, raised the odds on Wednesday that the Federal Reserve will pause its easing cycle at the next policy meeting in January. Futures priced in a 78% chance the Fed will …
US rate futures raise rate-pause odds in January; still see two cuts in 2026 Read More »
Dec 10 (Reuters) – The United States on Wednesday extended a deadline for negotiations on buying the global assets of Russian oil company Lukoil by a little over a month to January 17. President Donald Trump imposed sanctions on Lukoil and Rosneft, Russia’s two biggest energy companies, on October 22 as part of an effort …
US allows negotiations on Lukoil’s foreign assets until January 17 Read More »
Dec 10 (Reuters) – OpenAI on Wednesday warned that its upcoming artificial intelligence models could pose a “high” cybersecurity risk, as their capabilities advance rapidly. The AI models might either develop working zero-day remote exploits against well-defended systems or assist with complex enterprise or industrial intrusion operations aimed at real-world effects, the ChatGPT maker said …
OpenAI warns new models pose ‘high’ cybersecurity risk Read More »
By Courtney Rozen WASHINGTON, Dec 10 (Reuters) – Microsoft, Meta, Google and Apple were among the 13 companies that received a warning from a bipartisan group of state attorneys general, according to a letter from the state leaders, who said their chatbots’ “delusional outputs” could be violating state laws. The letter was made public on …
Big Tech warned over AI ‘delusional’ outputs by US attorneys general Read More »
Dec 10 (Reuters) – JPMorgan Chase will give a special award of up to $1,000 to employees earning less than $80,000 a year globally, according to an internal memo seen by Reuters on Wednesday. Employees must have at least one year of service as of December 31, 2025 to be eligible for the award, which …
JPMorgan to provide up to $1,000 to staff making under $80,000 a year, memo shows Read More »
By Jeffrey Dastin, Max A. Cherney and Milana Vinn SAN FRANCISCO, Dec 10 (Reuters) – When the chairman of AI chip startup Rivos wanted Intel to bid for the company, he had no need to phone the chip giant. That’s because the chairman of Rivos was also Intel’s CEO: Lip-Bu Tan. Tan had pitched Intel’s …
Intel pursued deals that boosted CEO Lip-Bu Tan’s fortune, sources say Read More »
