(Reuters) -The Conference Board on Tuesday abandoned a long-running call for the U.S. economy to fall into recession, although its Leading Economic Index still sees economic output flatlining in the m[...]
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OpenAI’s Altman seeks US government nod for AI chips venture, Bloomberg reports
(Reuters) -OpenAI CEO Sam Altman is working to secure approval from the U.S. government for his new AI chips venture, which could potentially raise national security and antitrust concerns, Bloomberg[...]
Read moreStone Point, General Atlantic Raise Offer to Buy HireRight to $1.65 Billion Deal
(Reuters) -Private equity firms Stone Point Capital and General Atlantic raised their offer to buy employee-screening company HireRight Holdings to a $1.65 billion deal, the companies said on Friday.[...]
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Cisco’s AI Push in Focus as Shares Fall on Tepid Networking Gear Demand
By Samrhitha A (Reuters) – Cisco Systems fell more than 3% on Thursday after the networking equipment maker reduced its annual revenue forecast and rolled out job cuts as it battles sluggish dem[...]
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PNC Plans $1 Billion Investment to Expand, Renovate Branch Network
(Reuters) – PNC Bank said on Wednesday it is planning to invest roughly $1 billion to open more than 100 new branches and renovate over 1,200 existing locations through 2028. “Through this[...]
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Biogen sees flat 2024 sales, pick up in Alzheimer’s drug demand
By Manas Mishra and Sriparna Roy (Reuters) -Biogen on Tuesday forecast flat 2024 product revenue as top-selling drugs face tough competition and sales of newer treatments take off slowly, but said the[...]
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Fed’s Barkin: Need more time before supporting rate cuts
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of Richmond President Thomas Barkin said Thursday the central bank has time to decide what’s next for monetary policy while it waits for fu[...]
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Coca-Cola Set to Gain Edge over PepsiCo in Q4 on Fewer Price Hikes
By Ananya Mariam Rajesh (Reuters) – Coca-Cola is set to record stronger sales and profit growth in the fourth quarter compared to PepsiCo as it lured more price-conscious consumers with fewer pr[...]
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NFL-Vegas Spectacle Launches Super Bowl Week, With Taylor Swift’s Name on Everyone’s Lips
By Ossian Shine LAS VEGAS (Reuters) -Super Bowl week opened on Monday night with a sensory-overload spectacle at the Las Vegas Allegiant Stadium, and a sprinkling of Taylor Swift. Bellowing announcers[...]
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