News

Deutsche Bank CEO says acquisitions not a 'priority' as Commerzbank rumors swirl

Deutsche Bank CEO Christian Sewing said that merger and acquisition activity is not a priority, as speculation resurfaces over the future of rival Commerzbank.

Barclays CEO says difference in Labour and Conservative economic policy is 'fairly minimal'

The difference between the Conservatives and Labour on economic policy is "fairly minimal," Barclays CEO C.S. Venkatakrishnan said Thursday.

Jamie Dimon praises Trump, warns MAGA criticism could hurt Biden

Jamie Dimon admonished Democrats to be "more respectful" toward Donald Trump's "MAGA" supporters, or else risk hurting President Joe Biden's reelection bid.

Jamie Dimon warns 'all these very powerful forces' will impact U.S. economy in 2024 and 2025

Dimon has remained cautious over the past few years, despite record profits at JPMorgan Chase and a U.S. economy that has defied expectations.

AI era is a 'seismic moment' in tech we've not seen in a decade, top Meta exec says

Nicola Mendelsohn, head of global business group at Meta, reflected on her outlook for artificial intelligence in 2024.

UBS CEO says Swiss public 'indoctrinated' to worry about bank's balance sheet

UBS CEO Sergio Ermotti on Wednesday said people with concerns about the size of the bank's balance sheet "are getting indoctrinated" by academics.

UK inflation rate surprises with rise to 4%, led by alcohol and tobacco

U.K. inflation unexpectedly nudged upwards to 4% year-on-year in December.

'Caught off guard': OpenAI CEO Sam Altman opens up about being fired by the board

OpenAI CEO Sam Altman speaks out about being unexpectedly fired by the board in November, and said he felt "super confused" and was "super caught off guard."

China misses fourth-quarter GDP estimates, resumes posting youth unemployment data

GDP for the last three months of 2023 rose by 5.2%, missing analysts' estimates of 5.3% in a Reuters poll.

China's economic growth is set to slow in 2024. Here's what Wall Street is predicting

Major investment banks expect China's economy to grow at a slower pace in 2024 than in 2023, according to forecasts released in the last few months.

OpenAI's Sam Altman says human-level AI is coming but will change world much less than we think

Sam Altman said concerns that AI will one day become so powerful that it dramatically reshapes and disrupts the world are overblown

Amazon, Microsoft, Meta and others accused by rivals of not respecting new EU competition rules

A new open letter alleges Big Tech "gatekeepers" like Google, Microsoft, and Apple haven't done enough to comply with the EU's strict Digital Markets Act.
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