(Reuters) – Microsoft-backed OpenAI hit the $2 billion revenue milestone in December, the Financial Times reported on Friday, citing two…
NYCB gets third credit downgrade as CRE exposure worries spill to Europe
By Manya Saini and Niket Nishant (Reuters) -Embattled New York Community Bancorp faced its third credit-rating cut on Thursday while…
Fed’s Collins says her baseline expectation is 75 bps of rate cuts this year
(Reuters) – Boston Federal Reserve Bank President Susan Collins on Thursday said she believes the U.S. central bank will likely…
‘Silver is the new gold’ as Egyptians try to protect savings
By Sarah El Safty and Farah Saafan CAIRO (Reuters) – Egyptian women traditionally receive a gold jewellery set, or “shabka”,…
Arm shares soar as AI-fueled boom brightens growth prospects
By Samrhitha A (Reuters) -Arm Holdings shares surged more than 55% on Thursday, on track for their best day since…
Donald Trump’s immunity claim rejected. What comes next?
By Andrew Goudsward WASHINGTON (Reuters) -A U.S. appeals court on Tuesday ruled that Donald Trump does not have immunity from…
Disney answers activists with gaming investment, ESPN streaming plans
By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) -Walt Disney CEO Bob Iger hit back at activist investors on…
Arm shares surge on strong forecast of AI-fueled chip upgrades
By Stephen Nellis, Max A. Cherney and Arsheeya Bajwa (Reuters) -Arm surged more than 30% on Wednesday after the British…
NYCB shares end higher as new executive chair seeks to bolster confidence
By Niket Nishant and Lewis Krauskopf (Reuters) -Shares of New York Community Bancorp closed higher on Wednesday after the lender…
Oil climbs on US fuel stocks draw, geopolitical tensions
By Georgina McCartney HOUSTON (Reuters) -Oil prices rose for a third consecutive day on Wednesday, boosted by a larger-than-expected fall…