(Reuters) -Palantir has won a $480 million contract from the U.S. Department of Defense for a prototype known as the Maven Smart System, the department said on Wednesday, deepening the data analytics[...]
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May 29, 2024
JPMorgan carrying out safety check after explosion at Ohio building
(Reuters) – JPMorgan Chase is in close contact with local officials after a building explosion in Youngstown, Ohio, a bank spokesperson said in response to questions after a video of the purport[...]
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Boeing, locked out firefighters reach tentative contract deal
By David Shepardson (Reuters) -Boeing and a union representing about 125 of its firefighters said on Wednesday they had reached a tentative contract deal that if approved by members would end a weeks-[...]
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Wall Street’s faster trade settlement sees some temporary bumps
By Davide Barbuscia and Carolina Mandl NEW YORK (Reuters) -The transition to faster trade settlements for securities in the U.S. has faced processing bumps although the switch has mainly been smooth,[...]
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Salesforce shares tumble as soft cloud demand hurts forecasts
By Zaheer Kachwala (Reuters) -Salesforce forecast second-quarter profit and revenue below Wall Street estimates on Wednesday due to weak client spending on its cloud and enterprise business products,[...]
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PwC to become OpenAI’s largest enterprise customer amid genAI boom
(Reuters) -PwC will become the largest customer and first reseller of OpenAI’s enterprise product as part of a new deal, the accounting giant said on Wednesday, as businesses rush to adopt and c[...]
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Peltz’s Trian sells out Disney stake after board fight, CNBC reports
(Reuters) -Billionaire Nelson Peltz’s Trian Fund Management has sold its entire stake in Walt Disney after a boardroom battle with the media giant, CNBC news reported on Wednesday, citing a pers[...]
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Musk’s $56 billion pay package opposed by CalPERS, CNBC reports
(Reuters) -California Public Employees’ Retirement System’s (CalPERS) CEO, Marcie Frost, said the agency plans to oppose Tesla Chief Executive Elon Musk’s $56 billion pay package, CN[...]
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Wall Street ends lower amid rate concerns, higher bond yields
By Abigail Summerville NEW YORK (Reuters) -U.S. stocks fell on Wednesday amid further gains in Treasury yields and concern over the timing and scale of possible interest rate cuts from the Federal Res[...]
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