US bank profits climb as regulator adjusts ‘problem bank’ tracking
By Pete Schroeder WASHINGTON (Reuters) – U.S. banking sector profits rose 2.3% to $66.8 billion in the fourth quarter of 2024, a bank regulator reported on Tuesday, as it also…
Tesla’s market value tumbles below $1 trillion as its Europe sales slump
By Noel Randewich (Reuters) – Tesla’s stock tumbled 8% on Tuesday, pushing its market value below $1 trillion for the first time since November after data showed the electric car…
Exclusive-JPMorgan executive calls for ‘more hustle’ after return to office mandate
By Lananh Nguyen and Nupur Anand NEW YORK (Reuters) – A JPMorgan Chase executive told thousands of employees he wanted “more hustle” days after the bank’s CEO Jamie Dimon scorned…
Oil trade group pushes US for national ethanol policy after EPA okays Midwest expansion
By Stephanie Kelly and Jarrett Renshaw NEW YORK (Reuters) – The American Petroleum Institute trade group on Monday pressed for a nationwide policy on higher-ethanol blends of gasoline after the…
AI startup Anthropic finalizing $3.5 billion funding round, WSJ reports
(Reuters) – AI startup Anthropic is looking to raise $3.5 billion in its latest funding round which would value the startup behind the chatbot Claude at $61.5 billion, the Wall…
Exclusive-Google to be hit with EU charges of breaching Big Tech rules, sources say
By Foo Yun Chee BRUSSELS (Reuters) – Alphabet unit Google is set to be charged with breaching EU rules aimed at checking the power of Big Tech after proposed changes…
Mastercard settlement approved by UK court despite funders’ opposition
LONDON (Reuters) – Mastercard’s agreement to settle a landmark lawsuit brought on behalf of British consumers was approved by a London tribunal on Friday, despite opposition from the firm that…
Eli Lilly bets big on weight-loss pill with $550 million inventory stockpile
By Sriparna Roy (Reuters) – Eli Lilly is betting big on its experimental oral weight-loss drug even before reporting data from its late-stage trial by recording nearly $550 million in…
Netflix to invest $1 billion in Mexico over next 4 years
By Sarah Morland MEXICO CITY (Reuters) – The chief executive of streaming giant Netflix on Thursday announced a $1 billion investment to produce some 20 films and TV series in…
China ETFs draw bullish options bets on AI play and eased tariff fears
By Saqib Iqbal Ahmed NEW YORK (Reuters) – U.S.-listed exchange-traded funds focused on China have drawn bullish options flows as the emergence of artificial intelligence startup DeepSeek brightens the outlook…