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Recent Posts

  • URW reveals 2028 objectives, stock edges higher
    May 14, 2025
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    May 14, 2025
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  • December 11, 2024

Dealmakers see return of more, bigger megadeals in 2025

By Anirban Sen and Echo Wang NEW YORK (Reuters) -Top Wall Street CEOs and dealmakers are anticipating an uptick in larger mergers and acquisitions under the incoming Trump...

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  • December 11, 2024

US charges ex-TD Bank employee with helping to launder money to Colombia

By Nivedita Balu TORONTO (Reuters) - A former TD Bank employee based in Florida was arrested and charged with facilitating money laundering to Colombia, New Jersey's attorney...

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  • December 11, 2024

Albertsons demands billions from rival Kroger after terminating merger bid

By Jody Godoy and Aishwarya Venugopal (Reuters) -Albertsons and Kroger (NYSE:KR) terminated their $25 billion merger plan on Wednesday after courts blocked the deal, with the...

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  • December 11, 2024

Global shares, greenback rise as inflation data reinforce rate cut expectations

By Chris Prentice and Tom Wilson NEW YORK/LONDON (Reuters) -Global shares and Wall Street indexes rose on Wednesday after an in-line inflation reading kept intact bets on the...

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  • December 11, 2024

AI a productivity boost to banks but making money from it is a challenge

By Isla Binnie and Megan Davies NEW YORK (Reuters) - Artificial intelligence is expected to show big gains in productivity at banks, panelists said at the Reuters Next (LON:NXT)...

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  • December 11, 2024

US bankers cautious on crypto despite expected regulatory easing

NEW YORK (Reuters) - U.S. bankers struck a cautious tone on cryptocurrencies at the Reuters NEXT conference in New York this week, despite expectations that friendlier rules under...

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  • December 11, 2024

Microsoft flags $0.8M writedown on stake in GM-backed Cruise

-- Microsoft Corporation (NASDAQ:MSFT) said Wednesday it would take a $800 million writedown in Q2 on its stake in General Motors-backed robotaxi firm Cruise just a...

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  • December 11, 2024

Big Oil eyes powering Big Tech's data center demand

By Shariq Khan and Shashwat Awasthi NEW YORK (Reuters) -Chevron Corp and Exxon Mobil (NYSE:XOM) are considering entering the electricity business, with the U.S. oil majors...

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  • December 11, 2024

Microsoft expects $800 million impairment charge in Q2 2025 over General Motors' Cruise exit

(Reuters) - Microsoft (NASDAQ:MSFT) expects to record an impairment charge of around $800 million in the second quarter of fiscal year 2025 over General Motors (NYSE:GM)' exit of...

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  • December 11, 2024

U.S. stocks mixed at close of trade; Dow Jones Industrial Average down 0.22%

– U.S. stocks were mixed after the close on Wednesday, as gains in the Technology, Consumer Goods and Consumer Services sectors led shares higher while losses in the...

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