News

OpenAI CFO tells investors funding round should close by next week despite executive departures

OpenAI CFO Sarah Friar is looking to reassure its investors that the company is still in a strong position after losing top talent this week.

David Tepper says the Fed has to cut rates at least two or three more times to keep credibility

Appaloosa Management's David Tepper said the macro setup for U.S. stocks makes him nervous as the Fed eases policy in a good economy like it did in the 1990s.

Google backs a startup that aims to bring mixed reality to any car windshield or plane cockpit

Distance Technologies, a Helsinki-based mixed-reality startup, raised 10 million euros of funding in a round led by GV, the venture capital arm of Alphabet.

China's Xi and top leaders call for halting real estate decline, responding to public concerns

While the meeting readout did not provide many details, it is significant for a country where policy directives are determined at the very top.

France's biggest lender says there are 'too many' European banks as UniCredit moves on Commerzbank

BNP Paribas Chief Financial Officer Lars Machenil on Thursday voiced his support for greater integration in Europe's banking sector.

Klarna partners with fellow fintech Adyen to bring buy now, pay later into physical stores

Klarna said Thursday that it had entered into an agreement with Adyen to add its buy now, pay later products to physical payment terminals.

UniCredit's pursuit of Commerzbank reflects a watershed moment for Europe — and its banking union

European banking's latest takeover battle is widely regarded as a potential turning point for the region — particularly the bloc's incomplete banking union.

SEC charges Merrill Lynch, Harvest Volatility Management for ignoring client investment limits

They will pay a combined $9.3 million after the Securities and Exchange Commission charged them for exceeding clients' investment limits over a two-year period.

Caught cold by UniCredit’s swoop on Commerzbank, Germany will want to avoid a national embarrassment

Italy's UniCredit appears to have caught German authorities off guard with a potential multibillion euro merger of Frankfurt-based Commerzbank.

China needs more than rate cuts to boost economic growth

More fiscal support is needed, analysts said, after the PBOC surprised markets by announcing plans to cut a number of rates.

Justice Department accuses Visa of debit network monopoly that impacts price of 'nearly everything’

Visa and MasterCard have surged in the past two decades, reaching a combined $1 trillion market cap. That has attracted unwanted attention from regulators.

Nvidia shares pop as CEO may be done selling shares after hitting preset plan limit

The 61-year-old executive adopted a trading plan for the sale of up to 6 million Nvidia shares, and he has hit that threshold months ahead of schedule.
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