By Dawn Chmielewski (Reuters) -Former media executive Edgar Bronfman Jr., backed by private equity firm Bain Capital, has expressed interest in buying Paramount’s controlling shareholder Nationa[...]
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June 10, 2024
Morgan Stanley CEO says AI could save financial advisers 10-15 hours a week
By Niket Nishant and Tatiana Bautzer NEW YORK (Reuters) – The use of artificial intelligence (AI) could save Morgan Stanley’s financial advisers between 10 and 15 hours a week, the bank[...]
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CalSTRS the latest vote against Tesla CEO Musk’s $56 billion pay package, CNBC reports
(Reuters) -California State Teachers’ Retirement System (CalSTRS) became the latest investor to say it will vote against Tesla CEO Elon Musk’s $56-billion pay package, the pension fund[...]
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Embraer’s Eve to raise funds as soon as July for flying taxi certification
By Gabriel Araujo SAO JOSE DOS CAMPOS, Brazil (Reuters) – Electric aircraft maker Eve expects to raise funds as early as next month to finance operations through the certification of its flying[...]
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Apple to use its own server chips for AI features
(Reuters) – Apple will use its own server chips to help power artificial intelligence features on its devices, the company said at its annual developer conference on Monday. (Reporting by Aditya[...]
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GameStop tumbles for second day as meme-stock rally fades
(Reuters) -Shares of GameStop tumbled for a second consecutive session on Monday, extending deep losses after stock influencer Keith Gill’s return to YouTube last week failed to spark fresh inve[...]
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Intel halting $25 billion factory expansion in Israel, Israeli media report
JERUSALEM (Reuters) – Intel Corp has decided to halt a $25 billion expansion of its factories in Israel, Israeli financial news website Calcalist reported on Monday. There was no immediate comme[...]
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BlackRock cautious on long-term US Treasuries ahead of elections
By Davide Barbuscia NEW YORK (Reuters) – The BlackRock Investment Institute said on Monday it was cautious on long-term U.S. Treasuries ahead of the November presidential elections as investors[...]
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Fed’s new economic projections may come with a dose of maybe, maybe not
By Howard Schneider WASHINGTON (Reuters) – Updated economic projections from Federal Reserve officials this week are expected to show fewer interest rate cuts than policymakers anticipated three[...]
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