Morgan Stanley, Goldman, Wells Fargo reach settlement tied to Archegos collapse
By Jonathan Stempel NEW YORK (Reuters) -Morgan Stanley, Goldman Sachs and Wells Fargo will pay a total of $120 million…
Category: Business
Goldman Sachs raises Brent oil forecast for second half of 2025 to $66
(Reuters) -Goldman Sachs raised its oil price forecasts for the second half of 2025 on Monday, citing the risk of…
Starbucks to shift to four-day work from office from three, says CEO
(Reuters) -Starbucks CEO Brian Niccol said the coffee giant will require many of its employees to work out of office…
IBM rolls out new chips and servers, aims for simplified AI
By Stephen Nellis SAN FRANCISCO (Reuters) -International Business Machines on Tuesday announced a new line of data center chips and…
Tesla short sellers set to pocket about $1.4 billion in profits after stock slump
(Reuters) -Traders are set to make about $1.4 billion in paper profits from their short positions in Tesla shares on…
US drillers cut oil and gas rigs for 10th week in a row, Baker Hughes says
(Reuters) -U.S. energy firms this week cut the number of oil and natural gas rigs operating for a 10th week…
Despite last-minute changes, US Senate bill deals big blow to renewable energy
By Valerie Volcovici WASHINGTON (Reuters) -The U.S. Senate’s massive budget bill that passed on Tuesday will make it harder to…
Robinhood launches tokens allowing EU users to trade in US stocks
By Niket Nishant and Manya Saini (Reuters) -Robinhood said on Monday it has launched tokens that will allow its customers…
China’s rare earths are flowing again, but not freely
By Christina Amann and Laurie Chen BERLIN/BEIJING (Reuters) -The threat of mass shutdowns across the automotive supply chain is fading…
Mastercard, Visa’s merchant fees breach competition law, UK tribunal rules
LONDON (Reuters) -Global payments processors Visa and Mastercard’s default multilateral interchange fees which are charged to retailers infringe competition law,…