JPMorgan plans to lay off 63 employees in Jersey City
By Nupur Anand (Reuters) – JPMorgan Chase plans to lay off 63 employees in Jersey City, New Jersey, according to…
Business
Amazon touts its low-cost cloud computing in generative AI race
By Jeffrey Dastin AUSTIN (Reuters) – A key way that Amazon’s cloud division aims to set itself apart from rivals…
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…
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…
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…
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…