JPMorgan to pay $100 million over CFTC trade reporting violations
(Reuters) -JPMorgan Chase & Co will pay $100 million and admit it broke U.S. Commodity Futures Trading Commission rules in…
Month: May 2024
SpaceX mulling tender offer at $200 billion valuation, Bloomberg News reports
(Reuters) -Elon Musk’s SpaceX has initiated discussions about selling existing shares in a deal that could value the company at…
Dollar higher against euro as Fed minutes support
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar rose against the euro on Wednesday after minutes of the last…
Pfizer rolls out another cost-cutting program, sets $1.5 billion target by 2027
(Reuters) -U.S. drugmaker Pfizer launched a new multi-year program to reduce its expenses by about $1.5 billion by the end…
Target issues weak forecast as shoppers pull back; shares tumble
By Siddharth Cavale and Ananya Mariam Rajesh (Reuters) -Target on Wednesday said it expects consumer caution to persist after it…
Goldman Sachs CEO says Fed unlikely to cut rates this year
By Suzanne McGee BOSTON (Reuters) – Goldman Sachs CEO David Solomon said on Wednesday he does not expect the Federal…
Microsoft talks up tools for making AI software
By Max A. Cherney SEATTLE (Reuters) – Microsoft talked up new tools on Tuesday aimed at encouraging programmers to build…
BlackRock whistleblower sues over firing, shutdown of China monitoring tool
By Jonathan Stempel NEW YORK (Reuters) -BlackRock was sued for $20 million by a whistleblowing former vice president who said…
Amazon’s cloud unit pauses orders of Nvidia’s most powerful chip, FT reports
(Reuters) – Amazon.com’s cloud services unit has paused orders of Nvidia’s most advanced “superchip” to wait for a more powerful…
Second global AI summit secures safety commitments from companies
By Joyce Lee SEOUL (Reuters) -Sixteen companies at the forefront of developing Artificial Intelligence pledged on Tuesday at a global…