Struggling Dow transport stocks could be economic warning signal
By Lewis Krauskopf NEW YORK (Reuters) – It’s been a banner year for the major U.S. stock indexes, but one economically sensitive corner of the market sticks out as a…
Paramount’s special committee agrees to recommend Skydance deal, WSJ reports
(Reuters) – A special committee of the Paramount Global’s board agreed to recommend a deal with Skydance Media, the Wall Street Journal reported on Friday, citing people familiar with the…
Trump Media drops after Donald Trump found guilty in hush money case
By Medha Singh (Reuters) -Shares of Trump Media & Technology Group fell about 5% in choppy trading on Friday, after a jury found former U.S. president Donald Trump guilty of…
Billionaire investor Ackman considering backing Trump in US election, source says
By Carolina Mandl (Reuters) -Billionaire hedge fund manager Bill Ackman is considering endorsing Donald Trump as the former U.S. president seeks to return to the White House, a source familiar…
Failed Wall Street trades rate roughly stable under faster settlement
NEW YORK (Reuters) – The rate of U.S. failed trades stood at 1.90% on Wednesday, a big test day for the recently implemented faster settlement cycle, roughly stable from Friday’s…
Saudi government to raise up to $12 billion from new Aramco share sale
By Hadeel Al Sayegh and Maha El Dahan DUBAI (Reuters) – Saudi Arabia is selling a stake of roughly 0.64% in state oil giant Aramco in a landmark deal as…
Salesforce plummets as weak forecast sparks concerns of AI competition
By Kanchana Chakravarty and Arsheeya Bajwa (Reuters) -Salesforce shares slumped about 18% on Thursday, after its lowest-ever quarterly revenue growth forecast raised fears that high interest rates and rival AI…
OpenAI responds to warnings of self governance by former board members, the Economist reports
(Reuters) – OpenAI’s board on Thursday pushed back on allegations from its former members that concerns over artificial intelligence safety at the startup necessitated Sam Altman’s shocking ouster last year.…
Meta identifies networks pushing deceptive content likely generated by AI
NEW YORK (Reuters) – Meta said on Wednesday it had found “likely AI-generated” content used deceptively on its Facebook and Instagram platforms, including comments praising Israel’s handling of the war…
Visa, Mastercard to pay $197 million to settle consumer ATM fee lawsuit
By Mike Scarcella (Reuters) – Visa and Mastercard have agreed to pay $197 million to resolve a class action by millions of consumers accusing the financial payment companies of keeping…