JPMorgan Chase begins planned layoffs for 2025, source says
By Niket Nishant and Manya Saini (Reuters) -JPMorgan Chase started informing some employees of job cuts last week, a source…
Category: Business
AI chip startup Positron raises $23.5 million seed round to take on Nvidia
By Anna Tong Positron, a startup chip maker that aims to compete with Nvidia, said Tuesday it raised $23.5 million…
Microsoft to adjust Office-Teams pricing in bid to avoid EU antitrust fine, sources say
By Foo Yun Chee BRUSSELS (Reuters) – Microsoft has offered to widen the price differential between its Office product sold…
Gold bulls lock in on glittering milestone; $3,000/oz in sight
By Ashitha Shivaprasad and Daksh Grover (Reuters) – U.S. President Donald Trump’s latest tariff threats have ignited another gold rush,…
AmEx closed 30 accounts potentially tied to Iran’s government
(Reuters) -U.S. credit card giant American Express identified and closed 30 consumer accounts in 2024 that it said could have…
US refiner Delek could run more light sweet oil if tariffs bite, CEO says
By Georgina McCartney and Arathy Somasekhar HOUSTON (Reuters) – U.S. refiner Delek has the option to run more light, sweet…
Tiktok’s Chinese owner appears to be slow-rolling negotiations for sale, Washington Post reports
(Reuters) – Short video app TikTok’s owner ByteDance seems to be slow-rolling negotiations for a sale while waiting for approval…
Robinhood halts rollout of Super Bowl betting contracts after CFTC request
By Niket Nishant and Manya Saini (Reuters) – Robinhood said on Tuesday it is rolling back the event contracts that…
Morgan Stanley to increase sale of loans tied to Musk’s X, Bloomberg News reports
(Reuters) – A group of Morgan Stanley-led banks is set to increase a sale of loans tied to Elon Musk’s…
Tesla loses market share in Sweden, Norway as Musk looms large
OSLO (Reuters) – Tesla lost market share in Sweden and Norway in January, car registration data showed on Monday as…