By Federico Maccioni and Rachna Uppal ABU DHABI, Dec 9 (Reuters) – Paramount Skydance’s addition of three Gulf sovereign wealth funds to the cast of its $108 billion hostile bid for Warner Bros Discovery marks a relatively rare alliance among the states as they build their own entertainment industries. Saudi Arabia’s Public Investment Fund (PIF,) …
Hollywood-hungry Gulf states bankroll Paramount’s Warner Bros bid Read More »
By Tatiana Bautzer and Prakhar Srivastava NEW YORK, Dec 9 (Reuters) – U.S. banks including JPMorgan Chase and Wells Fargo said artificial intelligence will boost productivity at their companies and likely cause job losses. JPMorgan Chase’s consumer and community banking chief Marianne Lake said at the Goldman Sachs financial services conference the bank has …
US bank executives say AI will boost productivity, cut jobs Read More »
WASHINGTON, Dec 9 (Reuters) – The top U.S. watchdog agency for consumer financial protection said Tuesday it will issue “interim” regulations governing open banking and consumer data rights because it expects to run out of money before completing a process now underway to rewrite Biden-era rules. The agency, which President Donald Trump and other top …
US consumer bureau to issue ‘interim final’ open banking rule, cites funding shortfall Read More »
NEW YORK, Dec 9 (Reuters) – BlackRock is on track for record annual inflows into its iShares products this year and for one of its strongest years for organic base-fee growth, Chief Financial Officer Martin Small said on Tuesday. As of Dec. 5, BlackRock’s iShares exchange traded funds (ETFs) registered inflows of about $100 billion …
BlackRock on track for record annual flows into iShares, says CFO Read More »
By Nate Raymond BOSTON, Dec 9 (Reuters) – A Massachusetts judge on Tuesday questioned whether prediction-markets operator Kalshi could legally offer the state’s residents the ability to place financial bets on something as “trivial” as who wins sporting events without running afoul of gaming regulators. Suffolk County Superior Court Judge Christopher Barry-Smith raised that question …
Massachusetts asks judge to block Kalshi from operating sports-prediction market Read More »
Dec 9 (Reuters) – OpenAI on Tuesday appointed Slack CEO Denise Dresser as its chief revenue officer, as the ChatGPT maker looks to expand its enterprise business. Dresser will oversee OpenAI’s global revenue strategy, including enterprise sales and customer success. At Slack, she led the messaging platform through its integration with Salesforce following the $27.7 …
OpenAI taps Slack CEO Denise Dresser as chief revenue officer Read More »
By David Shepardson WASHINGTON, Dec 9 (Reuters) – Airlines that delayed or canceled U.S. flights last month due to an emergency government directive to update the software on Airbus A320 planes were not required to provide hotels, meals or other benefits to impacted passengers, the U.S. Transportation Department said Tuesday. Major airlines have committed to …
By Sheila Dang and Vallari Srivastava HOUSTON, Dec 9 (Reuters) – Exxon Mobil is targeting $25 billion in earnings growth from 2024 to 2030 and will increase oil and gas production, the top U.S. oil producer said on Tuesday as it leans on profitable assets in Guyana and the Permian Basin. Exxon also announced that …
Exxon boosts forecast, aims for $25 billion earnings growth by 2030 Read More »
(Adds dropped word in analyst quote, paragraph 6) By Karl Plume CHICAGO, Dec 9 (Reuters) – The U.S. Department of Agriculture left its U.S. soybean export forecast unchanged in a monthly report on Tuesday as sales resumed to China, which for months shunned purchases because of its trade war with Washington. The USDA pegged soybean …
USDA leaves US soybean export outlook unchanged after China sales resume Read More »
By Manya Saini Dec 9 (Reuters) – U.S. regional lender KeyCorp is not looking to pursue acquisitions despite consolidation in the industry and will use its excess capital for share buybacks, CEO Chris Gorman said on Tuesday. “I think there will be consolidation in our industry for a long time, we are not participating,” he …
KeyCorp CEO rules out acquisitions, emphasizes focus on buybacks Read More »
