(Reuters) – Amazon.com said on Wednesday it would spend more than $4 billion to expand its U.S. rural delivery network by the end of 2026, doubling down on faster shipments to drive up demand from shoppers in small towns and the countryside. The investment will grow its rural delivery network to more than 200 delivery …
Amazon to invest $4 billion to expand rural delivery network in US Read More »
(Reuters) -Cognizant Technology Solutions raised its annual revenue forecast and beat first-quarter results on Wednesday, driven by increased demand for AI-powered IT services. As clients transition to cloud-based systems and automate their operations, many are turning to AI-infused services offered by companies like Cognizant. This shift has helped the firm mitigate the effects of a …
Cognizant lifts annual revenue forecast on strong AI demand Read More »
By Ana Isabel Martinez and Adriana Barrera MEXICO CITY (Reuters) -Pemex, Mexico’s heavily indebted state energy company, reported an 11.3% drop in first-quarter production of crude and condensate on Wednesday as falling sales and foreign-exchange losses contributed to a 43.3 billion peso ($2.12 billion) net loss. In a filing with Mexico’s stock exchange, Pemex, one …
Mexico’s Pemex swings to $2 billion loss as production, sales slump Read More »
By Laila Kearney NEW YORK (Reuters) -Google will fund the training of tens of thousands of new U.S. electricians, the company told Reuters on Wednesday, as Big Tech wades deeper into the country’s power industry on its hunt for the massive amounts of electricity needed for its AI expansion. A lack of access to power …
Google funding electrician training as AI power crunch intensifies Read More »
By Jody Godoy WASHINGTON (Reuters) – The House Judiciary Committee reversed course on a proposal to remove the U.S. Federal Trade Commission’s antitrust authority on Wednesday, days after its Republican leadership included the measure in a budget package. The House panel led by U.S. Representative Jim Jordan, a Republican, had included the proposal in its …
US House panel drops bid to remove FTC’s antitrust authority Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) -President Donald Trump’s first 100 days in office delivered the worst start for stocks since former President Richard Nixon’s second term in 1973, stoked volatility across markets and created expectations of a semi-permanent state of uncertainty. Expectations for near-term volatility in stocks, bonds and currencies have all leaped …
Stocks log worst 100 day start since Nixon as Trump injects semi-permanent uncertainty Read More »
By Hannah Lang (Reuters) – Visa and stablecoin infrastructure provider startup Bridge are partnering to offer stablecoin-linked Visa cards to customers across multiple countries in Latin America, which the companies say will allow users to make everyday purchases in cryptocurrency tokens. The move comes as the U.S. Congress appears likely to pass a bill creating …
Visa, Bridge partner to launch stablecoin-linked cards Read More »
By Pete Schroeder and Chris Prentice WASHINGTON (Reuters) -A U.S. congressional panel is considering legislation on Wednesday that looks to drastically curtail existing government efforts to police consumer financial markets and scrutinize public company accounting. The House Financial Services Committee is weighing draft legislation that would significantly trim the funding received by the Consumer Financial …
US House panel weighs cuts in consumer, audit oversight Read More »
By David Shepardson WASHINGTON (Reuters) -Major U.S. airlines have asked the Federal Aviation Administration to extend cuts to minimum flight requirements at congested New York City-area airports through October 2027, citing severe air traffic controller staffing shortages. The FAA has previously issued a series of waivers to address the staffing issues at JFK, LaGuardia and …
Major airlines ask US to extend cuts to minimum New York flight requirements Read More »
By Sabrina Valle NEW YORK (Reuters) -Kelvin Quezada is set to join UBS as managing director in the Unified Global Banking (UGB) Americas team after nearly two decades at Barclays, according to a memo seen by Reuters. The addition of Quezada, who will be based in New York, is part of a broader effort by …
UBS hires banker Kelvin Quezada from Barclays to bolster M&A Read More »
