By Gram Slattery WASHINGTON (Reuters) -Days after U.S. President Donald Trump signed an executive order renaming the Department of Defense…
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Musk’s xAI lays off hundreds of data annotators, Business Insider reports
(Reuters) – Elon Musk’s xAI has laid off at least 500 workers from its data annotation team, which helps develop…
Investors seek Fed’s view of shaky labor market as rate cut looms
By Lewis Krauskopf NEW YORK (Reuters) -Investors will look for the Federal Reserve to communicate how worried it is about…
Kraft Heinz split may come too late to fend off growing MAHA threat
By Jessica DiNapoli NEW YORK (Reuters) -Kraft Heinz’s announcement this month that it would split was a belated acknowledgment that…
US tariffs, pricing risks to be manageable for Big Pharma, Morningstar says
(Reuters) -The impact of U.S. President Donald Trump’s plan to levy import duties on pharmaceutical products and his push to…
Chipotle to enter Asia in 2026 with burrito chains in South Korea, Singapore
Top News Today Merrill creates new division to increase credit offerings to the wealthy NEW YORK (Reuters) -Merrill Wealth Management…
Trading Day: Thumping job revisions, looming inflation
By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets…
BofA expects investment banking fees to grow 10% to 15% in 3Q
NEW YORK (Reuters) -Bank of America expects investment banking fees to increase 10% to 15% in the third quarter from…
Robinhood to join S&P 500 in watershed moment for US fintech sector
Top News Today Economic pressure could bring Russia to negotiating table, Bessent says WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent…
BofA expects Fed to deliver two cuts this year after soft jobs report
(Reuters) -BofA Global Research on Friday forecast the U.S. Federal Reserve to deliver two 25 basis point (bp) cuts, in…