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...the $12bn consulting firm expects to generate a fifth of its revenues in 2024 from helping corporations integrate artificial intelligence into their businesses, a share it projects will reach 40 per cent by...
...Experts point to Volkswagen’s decision last year to build a new battery factory in the US and BASF’s €10bn investment in a state of the art petrochemicals plant in China, which coincides with big cuts at...
...Yet the question begs, are we ready to overlook the scorched earth left by V-necks just a few decades ago?...
...The settlement does not specify from whose cut the 4 bps decrease in interchange fees will come....
...Of course it cuts both ways....
...“We have . . . made the difficult decision to reduce our headcount by more than 10 per cent globally . . . this will enable us to be lean, innovative and hungry for the next growth phase cycle,” wrote Tesla...
...Rachel Maddow, one of MSNBC’s most popular presenters, on Monday called on her employer to cut ties with McDaniel....
...The agency said Medivation had been defrauded by Panuwat’s actions and that overall confidence in the market had been undermined. The US does not have a specific insider trading prohibition....
...If the US did order ByteDance to cut ties, the possible pool of buyers for a company this size could include consortiums or big tech companies....
...The largest US banks are set to earn higher profits from their lending businesses than expected this year as it becomes more likely that the Federal Reserve will make only modest cuts to benchmark interest...
...Stocks fell, futures markets further lowered rate cut expectations, and yields surged across the curve, led by the two-year which was up 23bp....
...The outlook downgrade follows a week-long trip to China by US Treasury secretary Janet Yellen, who voiced concern about the potential impact of excess Chinese capacity on global trade....
...The sale of DR Horton marked a sudden shift by an investor typically billed as a long-term holder; Berkshire disclosed it had invested in the largest US homebuilder just six months ago....
...Additional reporting by Guy Chazan...
...Visa and Mastercard have agreed to cut their US transaction fees in a landmark settlement that merchants say will save them $30bn over five years....
...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
...Additional reporting by Richard Waters...
...Tesla has cut prices several times — including this week — to buoy sales, although this has led to a collapse in the re-sale value of its cars....
...Higher funding costs can be offset by stronger loan growth. But high rates can also stymie demand for loans....
...Eisai, which is leading on Leqembi’s launch, had set a target of getting 10,000 US patients on to the therapy by the end of March....
...Investor who came in expecting a bump-free glide towards the global EV mass market should have sold already, while bargain hunters attracted by last year’s slump will probably have been stopped out by this...
...That’s an outsized drop compared to the US, where Wall Street firms only cut their annual bonuses by 2 per cent to an average $176,500, according to an estimate from the New York State Comptroller....
...The report followed last week’s US data showing a 16 per cent decline in deal volumes in the first quarter from a year earlier....
...The US two-year yield has risen 37 basis points in the past two months, and more are talking about the possibility of zero Fed cuts this year....
...“We need to become more efficient by deprioritising some of the existing things, but we also need to invest in some of the new,” said Spotify chief executive Daniel Ek this month....
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