(1/3) The logo of insurer Allianz SE is seen on the company’s building in Puteaux, in the financial and business district of La Defense near Paris, outside Paris, France, May 14, 2018. REUTERS/Charles Platiau /File Photo Lloyd’s of London is the latest of the six to leave NZIA UN group warns ‘political attacks’ hurt insurers … Read more
May 24 (Reuters) – Nvidia Corp on Wednesday forecast second-quarter revenue more than 50% above Wall Street estimates, and said it was increasing supply to meet demand. growing demand for its artificial intelligence chips, which are used for power ChatGPT and many similar services. Shares of Nvidia, the world’s most valuable listed semiconductor company, soared … Read more
NEW YORK, May 24 (Reuters) – Meta Platforms Inc (META.O) carried out the latest batch of three-part layoffs on Wednesday, according to a person familiar with the matter, as part of a plan announced in March . eliminate 10,000 roles. Meta earlier this year became the first Big Tech company to announce a second round … Read more
(1/10) A climate activist is sacked after disrupting Shell’s annual general meeting in London, Britain May 23, 2023. REUTERS/Ron Bousso LONDON, May 23 (Reuters) – Security personnel protected Shell (SHEL.L) chief executive Wael Sawan and the company’s board as climate protesters tried unsuccessfully to take action. storm the stage at the energy giant’s annual shareholder … Read more
May 22 (Reuters) – Shares of PacWest Bancorp (PACW.O) jumped on Monday after the troubled regional lender announced it had agreed to sell $2.6 billion in construction home loans at a price reduced in order to improve its balance sheet. PacWest shares rose nearly 20% on the deal, giving the Los Angeles-based bank breathing space … Read more
COPENHAGEN, May 22 (Reuters) – Novo Nordisk (NOVOb.CO) and Pfizer Inc (PFE.N) released data separately on Monday showing that pills in the same class as Novo’s increasingly popular diet drugs, such as than Wegovy, are about as effective as these injected drugs, giving a boost to both companies’ stocks. Novo Nordisk said data from a … Read more
Deal increases Chevron’s production by 240,000 barrels per day The company will raise its capital expenditure outlook when buying Chevron shares fall 1%, PDC Energy gains 8% May 22 (Reuters) – Chevron Corp (CVX.N) said on Monday it was increasing its oil and gas footprint in the United States by acquiring shale producer PDC Energy … Read more
NEW YORK/WASHINGTON, May 22 (Reuters) – As talks on raising the U.S. government debt ceiling to $31.4 trillion culminate, banks and asset managers on Wall Street are bracing for the fallout a potential defect. The financial industry has prepared for such a crisis before, most recently in September 2021. But this time the relatively short … Read more
May 21 (Reuters) – The absence of women from the list of potential successors to the CEO of Morgan Stanley (MS.N) underscores the importance of cultivating and retaining diverse talent, according to corporate governance experts. Morgan Stanley co-chairmen Ted Pick and Andy Saperstein and chief investment officer Dan Simkowitz are the first to succeed James … Read more
TOKYO, May 20 (Reuters) – Leaders of the Group of Seven (G7) countries called on Saturday for the development and adoption of technical standards to keep artificial intelligence (AI) “trustworthy”, saying the governance of technology has not kept pace with its growth. While G7 leaders, meeting in Hiroshima, Japan, acknowledged that approaches to achieving “the … Read more
