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…
Business
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…
Faraday Future interim CFO resigns, firm to restate certain financial reports
(Reuters) – Faraday Future Intelligent Electric said on Tuesday its interim finance chief has resigned and the company will restate…
Buy Buy Baby stores set to shutter as Go Global’s deal falls apart – CNBC
(Reuters) – Bankrupt retailer Bed Bath & Beyond’s Buy Buy Baby stores are set to shutter after a last ditch…
UAW president says union prepared to strike Detroit Three
By David Shepardson (Reuters) – The head of the United Auto Workers, which represents 150,000 U.S. hourly workers at General…
Generative AI comes to Nasdaq, winning over engineers
By Jeffrey Dastin AUSTIN (Reuters) -Months since ChatGPT’s debut, engineers and marketers at the stock exchange operator Nasdaq are embracing…
Canada regulator proposes banks hold more capital to tackle mortgage risks
(Reuters) -Canada’s banking regulator on Tuesday proposed changes to capital adequacy guidelines that would require lenders and mortgage insurers to…
Bank of America to pay over $250 million over junk fees, other issues
By Chris Prentice (Reuters) -Bank of America on Tuesday agreed to pay $250 million in fines and compensation to settle…