By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Minneapolis President Neel Kashkari cautioned that while it may appear like the worst of the banking sector’s stresses are over,[...]
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May 22, 2023
JPMorgan commercial bank expands startup focus with new hires
By Nupur Anand and Lananh Nguyen NEW YORK (Reuters) – JPMorgan Chase & Co is beefing up its commercial banking business that caters to tech startups and other early-stage companies, the comp[...]
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Micron expects revenue impact following China ban
By Joyce Lee and Brenda Goh SEOUL/SHANGHAI (Reuters) -U.S.-based Micron Technology Inc on Monday forecast a hit to revenue in the low-single to high-single digit percentage after a ban by China on sal[...]
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Wall Street mixed, European stocks flat as US debt ceiling talks progress
By Chris Prentice and Nell Mackenzie NEW YORK/LONDON (Reuters) -Wall Street shares were mixed and European stocks finished little-changed as talks in Washington resumed to avert a U.S. default, while[...]
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South Korea consumer sentiment hits 1-year high, inflation expectations weaken
SEOUL (Reuters) – Consumer sentiment in South Korea improved in May to the highest level in a year, with their inflation expectations weakening, a central bank survey showed on Tuesday. The Cons[...]
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Striking Hollywood writers lament residuals slide
By Dawn Chmielewski LOS ANGELES (Reuters) – Writer Kyra Jones knew she would be taking a financial hit when she agreed to join the writers’ room for the Hulu comedy series “Woke.[...]
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Chevron to boost U.S. presence with $7.6 billion PDC Energy buy
By Sabrina Valle HOUSTON (Reuters) -Chevron Corp said on Monday it is increasing its U.S. oil and gas footprint by acquiring shale producer PDC Energy Inc in a stock-and-debt transaction worth $7.6 bi[...]
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First Citizens sues HSBC for hiring away Silicon Valley Bank staff
By Daniel Wiessner (Reuters) -First Citizens BancShares Inc, which acquired Silicon Valley Bank following its collapse, sued HSBC Holdings PLC on Monday, accusing it of poaching more than 40 of the fa[...]
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OpenAI is exploring collective decisions on AI, like Wikipedia entries
By Jeffrey Dastin and Anna Tong (Reuters) -ChatGPT’s creator OpenAI is testing how to gather broad input on decisions impacting its artificial intelligence, its president Greg Brockman said on M[...]
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