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Day: December 11, 2024

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AI a productivity boost to banks but making money from it is a challenge
Posted inStock

AI a productivity boost to banks but making money from it is a challenge

By Isla Binnie and Megan Davies NEW YORK (Reuters) – Artificial intelligence is expected to show big gains in productivity at banks, panelists said at the Reuters Next (LON:NXT) conference…
Posted by December 11, 2024
US bankers cautious on crypto despite expected regulatory easing
Posted inStock

US bankers cautious on crypto despite expected regulatory easing

NEW YORK (Reuters) – U.S. bankers struck a cautious tone on cryptocurrencies at the Reuters NEXT conference in New York this week, despite expectations that friendlier rules under President-elect Donald…
Posted by December 11, 2024
Microsoft flags $0.8M writedown on stake in GM-backed Cruise
Posted inStock

Microsoft flags $0.8M writedown on stake in GM-backed Cruise

Investing.com — Microsoft Corporation (NASDAQ:MSFT) said Wednesday it would take a $800 million writedown in Q2 on its stake in General Motors-backed robotaxi firm Cruise just a day after the…
Posted by December 11, 2024
Big Oil eyes powering Big Tech’s data center demand
Posted inStock

Big Oil eyes powering Big Tech’s data center demand

By Shariq Khan and Shashwat Awasthi NEW YORK (Reuters) -Chevron Corp and Exxon Mobil (NYSE:XOM) are considering entering the electricity business, with the U.S. oil majors working on deals to…
Posted by December 11, 2024
Microsoft expects $800 million impairment charge in Q2 2025 over General Motors’ Cruise exit
Posted inStock

Microsoft expects $800 million impairment charge in Q2 2025 over General Motors’ Cruise exit

(Reuters) – Microsoft (NASDAQ:MSFT) expects to record an impairment charge of around $800 million in the second quarter of fiscal year 2025 over General Motors (NYSE:GM)’ exit of the Cruise…
Posted by December 11, 2024
VW offers 14% wage hike over four years to Tennessee factory workers
Posted inStock

VW offers 14% wage hike over four years to Tennessee factory workers

(Reuters) – Volkswagen (ETR:VOWG_p) said Wednesday it is offering its newly unionized workers at its Tennessee assembly plant a 14% wage increase over four years and profit sharing. The automaker…
Posted by December 11, 2024
U.S. stocks mixed at close of trade; Dow Jones Industrial Average down 0.22%
Posted inStock

U.S. stocks mixed at close of trade; Dow Jones Industrial Average down 0.22%

Investing.com – U.S. stocks were mixed after the close on Wednesday, as gains in the Technology, Consumer Goods and Consumer Services sectors led shares higher while losses in the Healthcare,…
Posted by December 11, 2024
Mexico stocks lower at close of trade; S&P/BMV IPC down 0.16%
Posted inStock

Mexico stocks lower at close of trade; S&P/BMV IPC down 0.16%

Investing.com – Mexico stocks were lower after the close on Wednesday, as losses in the Industrials, Consumer Goods & Services and Consumer Staples sectors led shares lower. At the close…
Posted by December 11, 2024
Colombia stocks lower at close of trade; COLCAP down 0.04%
Posted inStock

Colombia stocks lower at close of trade; COLCAP down 0.04%

Investing.com – Colombia stocks were lower after the close on Wednesday, as losses in the Financials, Investment and Public Services sectors led shares lower. At the close in Colombia, the…
Posted by December 11, 2024
Brazil’s central bank steps up tightening with 100 basis-point rate hike, signals more of the same
Posted inEconomy

Brazil’s central bank steps up tightening with 100 basis-point rate hike, signals more of the same

BRASILIA (Reuters) – Brazil’s central bank raised interest rates by 100 basis points on Wednesday, doubling the pace of tightening to tackle mounting inflationary pressures, including robust economic activity and…
Posted by December 11, 2024

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