UniCredit Merger with Amundi Faces Uncertainty as Amundi Considers Better Terms
Amundi is considering providing UniCredit better conditions in order to renew a distribution agreement that binds the French asset management to the Italian bank and its largest international market.
Nov 21, 2023 10:17 PM EST
Debt-Free Holidays: Steps to Slash Your Credit Card Burden Before Shopping Sprees
Before the holidays, when money is most required, many people find themselves in a financial rut due to the present credit card interest rates, which are often about 20 percent.
McDonald's Deepens China Commitment with Carlyle Deal, Boosting Minority Stake
McDonald's is acquiring Carlyle's interest in its China operations, boosting its minority ownership from 20 percent to 48 percent.
SMBC Places Massive Order for 60 Airbus A320neo Planes
The second-largest aircraft leasing company in the world, SMBC Aviation Capital, said on Tuesday that it has placed an order for 60 Airbus A320neo family aircraft, without providing any financial information about the transaction.
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From Triumph to Turmoil: OpenAI's Dramatic Weekend of CEO Ouster and Microsoft Hire
The revelation that four members of the company's board had fired CEO Sam Altman startled the IT industry on Friday.
Nov 21, 2023 6:18 AM EST
Microsoft Hires ChatGPT Creator OpenAI's Ousted CEO, Fueling Tensions at the AI
The business that built ChatGPT was thrown into disarray Monday after Microsoft recruited its dismissed CEO and several staff vowed to join him in a disagreement over how to construct artificial intelligence smarter than humans.
Nov 20, 2023 8:41 PM EST
El Nino's Sweet Revenge: Sugar Prices Soar as Crops Wither
The world's sugar prices are at their highest point since 2011, mostly as a result of reduced global supply following extremely dry weather that harmed harvests in Thailand and India, the second and third-largest sugar producers.
Nov 19, 2023 8:18 PM EST
Thanksgiving Feast Costs Ebb and Flow, Still Above Average in 2023
You may thank the turkey for saving money on your Thanksgiving feast preparation this year. You may thank the turkey for saving money on your Thanksgiving feast preparation this year.
Nov 19, 2023 9:48 AM EST
Meta's Disinformation Woes Fuel Business Opportunities for Former Employees
The issue is made worse by the fact that, as part of larger cost-cutting initiatives that started late last year and will continue until 2023, Meta, Alphabet, the parent company of Google, and X, previously Twitter, have all removed positions related to content moderation, trust, and safety.
Nov 19, 2023 9:17 AM EST
Citigroup Set to Announce Management Changes and Layoffs on Monday
Citigroup workers may anticipate announcements regarding management changes and layoffs on Monday as part of the bank's extensive restructuring.
Nov 18, 2023 6:25 AM EST
US Funds Shift Focus Away from China, Offloading Alibaba, Apple
Major U.S. funds are taking a more defensive stance in the face of uncertainty in the second-largest economy in the world by cutting holdings that expose them to China and concentrating more on American technology companies.
Nov 17, 2023 11:10 AM EST
EU Plans to Tighten Scrutiny of Banks' Loan Provisioning Standards
The EU's banking watchdog warned on Friday that banks would face challenges from regulators for their improper use of an accounting regulation.
Nov 17, 2023 10:30 AM EST
Burberry's Luxury Charm Wanes as Shares Sink 9% Reflecting Spending Slowdown
As a result of the British luxury apparel retailer Burberry's warning that full-year operating profit will come in at the low end of estimates due to a global slowdown in luxury spending, the company's shares fell 9% on Thursday.
Nov 17, 2023 9:50 AM EST
Biden Signs Stopgap Funding Bill, Buying Time for Long-Term Spending Agreement
President Biden has signed the bipartisan short-term funding package, which will keep the government running and functioning until early 2024.
Nov 17, 2023 9:27 AM EST
GM and UAW Reach Tentative Agreement, Averting Strike and Ensuring Labor Peace
Members of the United Auto Workers union have voted in favor of a new contract that might put an end to a protracted labor battle and a string of severe strikes.
Nov 17, 2023 6:07 AM EST
Jobless Claims Jump to Highest Level in Three Months, Signaling Cooling Labor Market
The number of Americans filing new jobless claims reached a three-month high last week. The number of Americans filing new jobless claims reached a three-month high last week, indicating that the labor market was progressively cooling, adding to the Federal Reserve's fight against inflation.
Nov 16, 2023 11:00 PM EST
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