Investment advisers urge clients away from cash after Fed rate cut
By Suzanne McGee and Carolina Mandl (Reuters) – Investment advisers are urging clients to dump hefty cash allocations now that…
Business
Qualcomm approached Intel about a takeover in recent days, WSJ reports
(Reuters) -Qualcomm made a takeover approach to chipmaker Intel in recent days, the Wall Street Journal reported on Friday, citing…
Nike names company veteran Elliott Hill as new CEO; John Donahoe to retire
By Juveria Tabassum (Reuters) -Nike said on Thursday that former senior executive Elliott Hill will rejoin the company to succeed…
FedEx reports drop in quarterly earnings on lower demand for priority services
(Reuters) -FedEx reported a drop in first-quarter profit on Thursday and lowered the top end of its annual profit forecast…
JPMorgan takes on Wall Street’s overwork concerns with new role, memo shows
(Reuters) – JPMorgan Chase has created a new role that will oversee its junior bankers and analysts amid a focus…
Snap advances bet on augmented reality with new version of Spectacles glasses
By Sheila Dang (Reuters) – Snap announced an upgraded version of its Spectacles augmented-reality glasses on Tuesday, doubling down on…
Delta seeks to delay resuming four daily US flights to China
WASHINGTON (Reuters) – Delta Air Lines on Friday asked the U.S. Transportation Department to allow it to delay resuming four…
Walgreens paying $106.8 million to settle US charges over prescription billing fraud
By Jonathan Stempel (Reuters) – Walgreens Boots Alliance agreed to pay $106.8 million to settle charges it fraudulently billed the…
Nvidia’s stock market dominance fuels big swings in the S&P 500
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Nvidia’s huge stock rally is still exerting an outsized influence over the…
Delta Air sees improvement in unit revenue trends, shares rise
(Reuters) -Delta Air Lines said on Thursday it was seeing an improvement in third-quarter unit revenue trends, citing strength in…