Jefferies’ profit jumps on investment banking windfall
By Pritam Biswas and Lananh Nguyen (Reuters) -Jefferies Financial’s profit more than tripled in the fourth quarter as the investment…
Category: Business
Point72 kicks off new private credit strategy, statement shows
NEW YORK (Reuters) – Point72 Asset Management has hired Todd Hirsch, a former senior managing director at Blackstone, to head…
Anthropic to raise $2 billion in deal valuing AI startup at $60 billion, WSJ says
(Reuters) -AI startup Anthropic is in advanced talks to raise $2 billion in a deal valuing the OpenAI rival at…
Paramount, Comcast renew multi-year carriage deal
(Reuters) – Paramount Global has renewed its distribution deal with Comcast, the companies said on Tuesday, ensuring the cable systems…
Tech group urges US to halt rule that would limit global access to AI chips
By Karen Freifeld (Reuters) – A technology industry group on Tuesday urged President Joe Biden’s administration to refrain from issuing…
Berkshire shareholder seeks committee to oversee AI at Buffett’s company
By Jonathan Stempel (Reuters) – A Berkshire Hathaway shareholder wants a committee of independent directors to oversee risks associated with…
BTG Pactual to buy Julius Baer’s Brazil unit in $164 million deal, local media reports
SAO PAULO (Reuters) – Brazilian investment bank BTG Pactual is set to announce the acquisition of Swiss private bank Julius…
American Airlines back in ‘Big 3’ carriers, brokerages predict strong 2025
By Shivansh Tiwary (Reuters) -American Airlines’ stock is poised for a strong 2025 as the carrier emerges from a challenging…
Lucid beats estimates for EV deliveries as price cuts, cheaper financing spur demand
By Jaspreet Singh (Reuters) -Lucid beat expectations for quarterly deliveries, as the Saudi Arabia-backed maker of luxury electric vehicles lowered…
AI-influenced shopping boosts online holiday sales, Salesforce data shows
(Reuters) – Artificial intelligence-powered chatbots helped consumers purchase and return products during the 2024 holiday season, boosting online sales in…