Bank of America cuts 150 junior roles in investment banking, sources say
By Svea Herbst-Bayliss and Saeed Azhar NEW YORK (Reuters) – Bank of America’s latest cull has eliminated 150 jobs of…
Month: March 2025
Apple preparing for a major software overhaul, Bloomberg News reports
(Reuters) -Apple is preparing a major overhaul of its software, due later this year, which will change the look of…
Oracle expects 15% revenue growth next fiscal year on strong AI cloud demand
(Reuters) – Oracle CEO Safra Catz said that the company’s large sales backlog will help drive 15% growth in its…
Hedge funds cut risk in stocks at largest amount in two years, Goldman Sachs says
NEW YORK (Reuters) -Hedge funds reduced their exposure to stocks on Friday at the largest amount in more than two…
Delta Airlines cuts first-quarter forecast on economic uncertainty
By Rajesh Kumar Singh CHICAGO (Reuters) -Delta Air Lines on Monday slashed its profit estimates for the current quarter through…
Panama to request legal, financial documents on CK Hutchison-BlackRock port deal
PANAMA CITY (Reuters) – The Panama Maritime Authority, which oversees shipping and port infrastructure in the Central American country, will…
Trump’s shipbuilding plan could upend ocean cargo industry, companies warn
By Lisa Baertlein LOS ANGELES (Reuters) – President Donald Trump’s plan to revitalize the U.S. shipping industry could heap massive…
Elon Musk’s xAI buys new property in Memphis amid supercomputer expansion
(Reuters) – Elon Musk-owned artificial intelligence firm xAI has bought a 1-million-square-foot property in Southwest Memphis, Tennessee, the Greater Memphis…
Pentagon software buying process shifts towards more access
By Mike Stone WASHINGTON (Reuters) – The U.S. Department of Defense is shifting how it buys software eyeing greater access…
Insignia opens books after Bain, CC Capital raise bid to $2.1 billion
(Reuters) -Insignia Financial has granted access to its books to two key suitors after both Bain Capital and CC Capital…