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…
February 2024
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…
US Federal Reserve releases scenarios for 2024 bank ‘stress tests’
By Michelle Price WASHINGTON (Reuters) – The U.S. Federal Reserve on Thursday released scenarios for its annual bank health checks…
AI firms surge after chip giant Nvidia discloses stake
By Medha Singh (Reuters) -Shares of smaller AI firms rallied on Thursday after the world’s most dominant artificial intelligence chipmaker,…
Deere cuts 2024 profit view as borrowing costs hurt farm equipment demand
By Bianca Flowers and Shivansh Tiwary (Reuters) -Deere & Co cut its 2024 profit forecast on Thursday as farmers remained…