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Stock market news from the US and around the world. Our news team reports on market moving events around the world, that traders need to know in order to stay on top of developments in the companies whose stocks they trade.
(Reuters) – Microsoft (NASDAQ:MSFT) expects to file an impairment cost of round $800 million within the second quarter of fiscal yr 2025 over Common Motors (NYSE:GM)’ exit of the Cruise autonomous driving enterprise, the tech large mentioned in a submitting…
By Shariq Khan and Shashwat Awasthi NEW YORK (Reuters) -Chevron Corp and Exxon Mobil (NYSE:XOM) are contemplating getting into the electrical energy enterprise, with the U.S. oil majors engaged on offers to make use of pure gasoline and carbon seize…
Investing.com — Microsoft Company (NASDAQ:MSFT) mentioned Wednesday it will take a $800 million writedown in Q2 on its stake in Common Motors-backed robotaxi agency Cruise only a day after the automaker introduced it will halt funding for robotaxi manufacturing. The…
NEW YORK (Reuters) – U.S. bankers struck a cautious tone on cryptocurrencies on the Reuters NEXT convention in New York this week, regardless of expectations that friendlier guidelines below President-elect Donald Trump will pave the way in which for lenders…
By Isla Binnie and Megan Davies NEW YORK (Reuters) – Synthetic intelligence is predicted to point out massive beneficial properties in productiveness at banks, panelists mentioned on the Reuters Subsequent (LON:NXT) convention in New York, however it has thus far…
By Jody Godoy and Aishwarya Venugopal (Reuters) -Albertsons and Kroger (NYSE:KR) terminated their $25 billion merger plan on Wednesday after courts blocked the deal, with the previous suing its rival and alleging a breach of contract that led to the…
By Nivedita Balu TORONTO (Reuters) – A former TD Financial institution worker based mostly in Florida was arrested and charged with facilitating cash laundering to Colombia, New Jersey’s legal professional common mentioned on Wednesday, within the first such arrest for…
By Anirban Sen and Echo Wang NEW YORK (Reuters) -Prime Wall Road CEOs and dealmakers are anticipating an uptick in bigger mergers and acquisitions underneath the incoming Trump administration, after such megadeals evaporated this 12 months resulting from a harsher…
(Reuters) – The NewsGuild of New York stated on Wednesday it had reached a tentative deal on a three-year contract with the New York Instances (NYSE:NYT), after greater than 600 tech employees at NYT went on a week-long strike in…
By Nora Eckert and David Shepardson DETROIT/WASHINGTON (Reuters) -Volkswagen stated Wednesday it’s providing its newly unionized staff at its Tennessee meeting plant a 14% wage improve over 4 years and revenue sharing. The automaker and United Auto Employees union, which…
