US SEC removes ‘swing pricing’ from money market fund overhaul plan -Bloomberg News
(Reuters) – Money market funds are set for a reprieve on “swing pricing” when Wall Street’s top regulator votes on…
July 11, 2023
United CEO meets with acting FAA chief after criticism
By David Shepardson WASHINGTON (Reuters) – United Airlines Chief Executive Scott Kirby met on Tuesday with the acting head of…
Mexico’s America Movil Q2 net profit surges to beat estimates
MEXICO CITY (Reuters) -Mexican telecommunications giant America Movil on Tuesday said its net profit surged 89.1% in the second quarter…
IBM mulls using its own AI chip in new cloud service to lower costs
By Stephen Nellis SAN FRANCISCO (Reuters) – International Business Machines (IBM) is considering the use of artificial intelligence chips that…
Senate Republican Tuberville calls white nationalists racist after taking heat
By Richard Cowan and Moira Warburton WASHINGTON (Reuters) -Republican U.S. Senator Tommy Tuberville on Tuesday said white nationalists are racist…
KPMG to invest $2 billion in AI, cloud services
(Reuters) -KPMG said on Tuesday it will spend $2 billion on artificial intelligence and cloud services through an expanded partnership…
Biden’s pick for top U.S. general warns on Republican blocking promotions
By Phil Stewart and Patricia Zengerle WASHINGTON (Reuters) -President Joe Biden’s nominee to become the top U.S. general warned on…
Reddit beats lawsuit by WallStreetBets founder
By Jonathan Stempel (Reuters) – A U.S. judge on Tuesday dismissed a lawsuit in which the founder of WallStreetBets, which…
Corporate net debt hit record in 2022/23, but borrowing appetite to decline – Janus Henderson
By Chiara Elisei LONDON (Reuters) – Companies around the globe took on a record $456 billion of net new debt…
Wall St ends up ahead of CPI; JPMorgan, financial shares gain
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks rose on Tuesday, helped by optimism ahead of key inflation reports…