By Howard Schneider WASHINGTON (Reuters) – Kansas City Federal Reserve President Esther George has urged her colleagues to come to…
Top hedge funds earned sharply less for clients in 2022, LCH data shows
By Svea Herbst-Bayliss (Reuters) -The 20 best performing hedge fund managers earned $22.4 billion for investors in 2022, marking their…
Defense firms set to post higher sales, McCarthy’s election clouds outlook
By Nathan Gomes (Reuters) – Defense companies are expected to post higher fourth-quarter sales, according to analysts, bolstered by easing…
Microsoft to invest more in OpenAI as tech race heats up
By Jeffrey Dastin (Reuters) -Microsoft Corp on Monday announced a further multibillion dollar investment in OpenAI, deepening ties with the…
U.S. leading indicators index falls for 10th straight month
(Reuters) – A gauge of future U.S. economic activity tumbled for a 10th straight month in December with a widespread…
Activist investor Elliott Management takes stake in Salesforce – sources
(Reuters) -Activist investor Elliott Management Corp has made a multi-billion dollar investment in cloud-based software firm Salesforce Inc, according to…
Microsoft, Amazon results to highlight softening cloud business
By Yuvraj Malik and Aditya Soni (Reuters) – Slower cloud spending by inflation-hit businesses is expected to stall the sales…
Amazon launches dedicated air cargo service in India as online sales soar
By Aditi Shah and Nandan Mandayam NEW DELHI/BENGALURU (Reuters) -Amazon.com Inc on Monday launched a dedicated air cargo service in…
New York’s financial regulator takes aim at firms co-mingling crypto funds
By Hannah Lang (Reuters) – New York’s chief financial regulator is set to release new guidance on Monday dictating that…
Sharpie-owner Newell to cut 13% of office roles
(Reuters) – Newell Brands Inc said on Monday it will cut about 13% of its office positions, in a bid…