(Reuters) – JPMorgan Chase has appointed Andrew Kresse and Brian Lamb to lead two key sectors in its commercial banking business, the largest U.S. lender said on Wednesday, as it continues to reorganize the unit. The move follows a greater leadership reshuffle in February in which Melissa Smith and Matt Sable were appointed co-heads of…
By Niket Nishant and Tatiana Bautzer (Reuters) -Institutional Shareholder Services has urged investors to reject Morgan Stanley’s proposal to expand its equity incentive compensation plan, as the proxy adviser escalates its pushback against Wall Street. The investment bank had proposed adding 50 million common shares to its equity incentive plan and extending the program by…
By Niket Nishant (Reuters) -Visa is partnering with tech heavyweights, including Microsoft and OpenAI, to roll out a new platform that lets users delegate their online shopping tasks to AI agents. While users will set spending limits, the AI agents will do the rest — searching for products, booking vacations or ordering groceries, the payments…
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(Reuters) -Facebook parent Meta Platforms on Tuesday launched a separate app for its Meta AI assistant, similar to those offered by Microsoft-backed OpenAI and Alphabet’s Google. The standalone app comes as Meta looks to boost the AI assistant’s usage, apart from being available within the company’s family of platforms – WhatsApp, Instagram, Facebook and Messenger….
(Reuters) -Tesla is hiring more than a thousand new workers in Nevada as the electric vehicle maker looks to ramp up mass production of its much-delayed Semi trucks, Business Insider reported on Tuesday, citing people familiar with the matter. On Monday, Tesla released a video on YouTube announcing that the first units of its electric…
RIO DE JANEIRO (Reuters) – Foreign ministers from the BRICS group of developing nations failed to reach a joint communique on Tuesday after meeting in Rio de Janeiro, but chair Brazil issued a statement speaking out against trade protectionism. In the statement, Brazil said the group’s foreign ministers expressed “serious concern at the prospect of…
By Karen Freifeld NEW YORK (Reuters) -The Trump administration is working on changes to a Biden-era rule that would limit global access to AI chips, including possibly doing away with its splitting the world into tiers that help determine how many advanced semiconductors a country can obtain, three sources familiar with the matter said. The…
By Keith Weir and Alexandra Hudson VATICAN CITY (Reuters) – Pope Francis’ funeral brought world leaders, monarchs, and hundreds of thousands of people to Rome on Saturday to bid him farewell in a ceremony of breathtaking spectacle that offered age-old Catholic funeral rites and touching moments of personal grief. Sixteen Reuters photographers, some inside St….
(Reuters) – Barclays lowered its Brent crude forecast on Monday by $4 to $70 a barrel for 2025 and set its 2026 estimate at $62/b, citing “a rocky road ahead for fundamentals” amid escalating trade tensions and OPEC+’s pivot in its production strategy. Despite oil market fundamentals evolving “significantly better than expected” in early 2025,…
