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Consulting firm McKinsey to pay $650 million to resolve US opioid charges
Posted inStock

Consulting firm McKinsey to pay $650 million to resolve US opioid charges

By Nate Raymond (NS:RYMD) and Mike Spector BOSTON (Reuters) -McKinsey & Co has agreed to pay $650 million to resolve charges over advice it provided Purdue Pharma on how to…
Posted by December 13, 2024
US to set AI chip export rules, tech giants to be gatekeepers – Reuters
Posted inStock

US to set AI chip export rules, tech giants to be gatekeepers – Reuters

The United States is preparing to introduce new regulations that would designate technology companies such as Alphabet (NASDAQ:GOOGL)’s Google and Microsoft (NASDAQ:MSFT) as global gatekeepers for the distribution of artificial…
Posted by December 13, 2024
Exclusive-Databricks nears record $9.5 billion VC raise, eyes extra $4.5 billion debt
Posted inStock

Exclusive-Databricks nears record $9.5 billion VC raise, eyes extra $4.5 billion debt

By Krystal Hu, Kenrick Cai and Echo Wang (Reuters) – Software (ETR:SOWGn) firm Databricks is nearing a deal that could become one of the largest venture capital funding rounds in…
Posted by December 13, 2024
Under Armour shares dip as analysts question turnaround plan
Posted inStock

Under Armour shares dip as analysts question turnaround plan

On Friday, Under Armour (NYSE:UA)’s stock continued its downward trajectory, dropping as much as 8.8%, after falling the day before. The decline followed the company’s investor day on December 12,…
Posted by December 13, 2024
BMO hires Sciarrino from JPMorgan Chase to head US commercial banking- memo
Posted inStock

BMO hires Sciarrino from JPMorgan Chase to head US commercial banking- memo

By Nivedita Balu TORONTO (Reuters) – Bank of Montreal is hiring Tony Sciarrino from JPMorgan Chase (NYSE:JPM) to lead its U.S. commercial banking business, replacing Ray Whitacre who will retire…
Posted by December 13, 2024
US House panel finds BlackRock, other asset managers leery of joining climate initiative
Posted inStock

US House panel finds BlackRock, other asset managers leery of joining climate initiative

By Isla Binnie and Ross Kerber NEW YORK / BOSTON (Reuters) – Top U.S. asset managers worried that signing up to an industry climate initiative could make them appear to…
Posted by December 13, 2024
US Supreme Court will hear clash over religious exemptions from Wisconsin tax
Posted inEconomy

US Supreme Court will hear clash over religious exemptions from Wisconsin tax

WASHINGTON (Reuters) – The U.S. Supreme Court agreed on Friday to hear a bid by an arm of a Catholic diocese in Wisconsin for a religious exemption from the state’s…
Posted by December 13, 2024
December rate cut baked in, but Fed to signal cautious about rate-cut path ahead
Posted inEconomy

December rate cut baked in, but Fed to signal cautious about rate-cut path ahead

Investing.com — The November inflation released this week helped cool fears that disinflation is stalling, giving the Federal Reserve room to cut interest rates next week, but the Fed’s confidence…
Posted by December 13, 2024
UK GDP contracts in October, raising Q4-24 recession concerns – Deutsche Bank Research
Posted inEconomy

UK GDP contracts in October, raising Q4-24 recession concerns – Deutsche Bank Research

UK’s economic performance has raised concerns as the Office for National Statistics (ONS) reported a contraction in the October gross domestic product (GDP) by 0.1% month-over-month, according to a report…
Posted by December 13, 2024
US lawmakers tell Apple, Google to be ready to remove TikTok from app stores on Jan. 19
Posted inStock

US lawmakers tell Apple, Google to be ready to remove TikTok from app stores on Jan. 19

WASHINGTON (Reuters) – The chair and top Democrat on a U.S. House of Representatives committee on China on Friday told the CEOs of Google-parent Alphabet (NASDAQ:GOOGL) and Apple (NASDAQ:AAPL) they…
Posted by December 13, 2024

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