JPMorgan to pay about $350 million penalty over trade reporting gaps
(Reuters) -JPMorgan Chase and Co will pay civil penalties of about $350 million to regulators for reporting incomplete trading data…
OpenAI valued at $80 billion after deal, NYT reports
(Reuters) -Microsoft-backed OpenAI has completed a deal that values the artificial intelligence company at $80 billion or more, the New…
Nike to cut about 2% jobs to lower costs as demand weakens
By Gursimran Mehar and Ananya Mariam Rajesh (Reuters) -Nike will cut about 2% of its total workforce, or more than…
Applied Materials hits record high on strong forecast from AI boost
(Reuters) -Applied Materials shares jumped 8% to hit an all-time high on Friday after the semiconductor equipment supplier forecast a…
Russian prison service statement about Navalny’s death
MOSCOW (Reuters) – Jailed Russian opposition leader Alexei Navalny is dead, the prison service of the Yamalo-Nenets region where he…
DoorDash’s rising labor costs weigh on Q1 profit outlook, shares fall
By Granth Vanaik (Reuters) -DoorDash on Thursday forecast a quarterly profitability metric below Wall Street expectations, hurt by higher labor…
Lucid slashes prices of Air luxury EVs again to spur demand
(Reuters) -Electric-vehicle maker Lucid Group lowered prices of its flagship Air luxury sedans by 1% to 10% on Thursday, in…
Shake Shack surges as strong burger demand fuels quarterly beat
(Reuters) -Shares of Shake Shack soared 21% after the company topped market expectations for quarterly earnings on Thursday, propelled by…
Cisco’s AI push in focus as shares fall on tepid networking gear demand
By Samrhitha A (Reuters) – Cisco Systems fell more than 3% on Thursday after the networking equipment maker reduced its…
Ukraine needs $486 billion to recover, rebuild after nearly two years of war – World Bank
By Andrea Shalal WASHINGTON (Reuters) – Rebuilding Ukraine’s economy after Russia’s invasion nearly two years ago is expected to cost…