OpenAI, at boosted valuation, in talks to sell existing shares to investors -sources
By Krystal Hu and Niket Nishant (Reuters) -OpenAI, the artificial intelligence startup behind ChatGPT, is talking to investors about a…
World Bank chief sees $100 billion-plus lending boost from capital moves
By David Lawder (Reuters) -World Bank Group President Ajay Banga on Tuesday said proposed new contributions from wealthy countries combined…
Exclusive-JPMorgan shuffles bosses as Rivas to retire as head of North American investment banking -memo
By Nupur Anand NEW YORK (Reuters) -JPMorgan Chase reorganized the leadership in its investment bank, promoting a new head in…
Oil prices rebound, settle higher on worries about tight supply
By Nicole Jao NEW YORK (Reuters) -Oil prices settled nearly 1% higher on Tuesday, rebounding from a slump to a…
China’s Alibaba kicks off restructuring with plan to list logistics arm in Hong Kong
By Brenda Goh and Kane Wu SHANGHAI/HONG KONG (Reuters) -Alibaba Group on Tuesday kicked off its restructuring with a plan…
US Supreme Court extends pause on order curbing Biden social media contacts
By Nate Raymond and Andrew Chung (Reuters) – U.S. Supreme Court Justice Samuel Alito on Friday extended a temporary block…
Factbox-Amazon.com faces an array of US consumer, state antitrust lawsuits
By Mike Scarcella (Reuters) – A lawsuit by the U.S. Federal Trade Commission against Amazon.com, expected to be filed as…
Goldman, HSBC join forces with other banks on client disclosures
By Sinead Cruise and Elizabeth Howcroft LONDON (Reuters) -Goldman Sachs and HSBC are among a group of five banks adopting…
Ford pauses work on $3.5 billion battery plant in Michigan
By David Shepardson (Reuters) -Ford Motor said on Monday it has paused work on a $3.5 billion electric vehicle battery…
Moody’s warns US government shutdown bad for country’s credit
By Davide Barbuscia NEW YORK (Reuters) -A U.S. government shutdown would harm the country’s credit, rating agency Moody’s said on…