By David Randall and Carolina Mandl NEW YORK (Reuters) -Fund managers zeroed in on the U.S. financial sector during the first quarter, a period during which lenders’ shares were rocked by volatility f[...]
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May 15, 2023
Strong loan book powers Banco do Brasil to quarterly profit surge
By Peter Frontini SAO PAULO (Reuters) -Brazilian state-controlled lender Banco do Brasil SA on Monday reported a 29% leap in first-quarter net profit compared with a year ago, boosted by double-digit[...]
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Dow, S&P edge up as data, debt ceiling curb gains
By Chuck Mikolajczak NEW YORK (Reuters) – The S&P 500 and the Dow ended with modest gains on Monday after manufacturing data raised concerns about a slowing U.S. economy that could help brin[...]
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Buffett sheds stake in TSMC, while Macquarie, Fidelity buy shares -filings
By Carolina Mandl (Reuters) -Big investment firms including Macquarie, Fidelity, Tiger Global and Coatue were among the largest buyers of U.S. listed shares of Taiwanese contract chipmaker TSMC in the[...]
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ONEOK shares drop on concerns over Magellan pipeline deal
By Laura Sanicola and Arathy Somasekhar -Shares of gas pipeline operator ONEOK Inc fell about 9% on Monday on questions about potential synergies from its deal to acquire oil pipeline operator Magella[...]
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Biden, McCarthy debt ceiling meeting planned for Tuesday afternoon
WASHINGTON (Reuters) – A debt limit meeting between U.S. President Joe Biden and top lawmakers including Republican House of Representatives Speaker Kevin McCarthy has been scheduled for 3 p.m.[...]
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Foreign buying of US Treasuries in March hits largest since June 2021 -data
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Foreign buying of U.S. Treasuries in March rose to its highest level in more than two years, data from the Treasury Department showed on Monday,[...]
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OpenAI readies new open-source AI model – The Information
(Reuters) -OpenAI is preparing to release a new open-source language model to the public, The Information reported on Monday, citing a person with knowledge of the plan. OpenAI’s ChatGPT, known[...]
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EV startup Arrival’s cash and equivalents slump at end of first quarter
(Reuters) -British electric vehicle start-up Arrival SA said on Monday it had $130 million in cash and cash equivalents at the end of March, down nearly 37% from the end of December. The company, whic[...]
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