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February 16, 2024
Activist investor Carl Icahn secures JetBlue board seats
By Rajesh Kumar Singh and Kannaki Deka (Reuters) – JetBlue Airways has agreed to appoint two members from activist investor…
US considering more than $10 billion in subsidies for Intel -Bloomberg News
(Reuters) -The Biden administration is in talks to award more than $10 billion in subsidies to Intel Corp, Bloomberg News…
JPMorgan to pay about $350 million penalty over trade reporting gaps
(Reuters) -JPMorgan Chase and Co will pay civil penalties of about $350 million to regulators for reporting incomplete trading data…
OpenAI valued at $80 billion after deal, NYT reports
(Reuters) -Microsoft-backed OpenAI has completed a deal that values the artificial intelligence company at $80 billion or more, the New…
Nvidia’s scorching shares drew hedge funds in Q4, filings show
(This Feb. 14 story has been corrected to change stock performance to ‘nearly 240%’ from 65%, in paragraph 2) By…
Fed signals ‘patience’ on rate cuts as data disappoints
By Howard Schneider and Michael S. Derby WASHINGTON/NEW YORK (Reuters) -A week of disappointing U.S. economic data, including stronger-than-expected inflation…
Applied Materials hits record high on strong forecast from AI boost
(Reuters) -Applied Materials shares jumped 8% to hit an all-time high on Friday after the semiconductor equipment supplier forecast a…
Coinbase shares near two-year high as ETF euphoria boosts trading volume
By Manya Saini and Niket Nishant (Reuters) -Coinbase Global shares jumped closer to a two-year high on Friday after the…
Global equity funds see big inflows amid stock rally
(Reuters) – Global equity funds racked up significant inflows in the week to Feb. 14 propelled by investor optimism amid…