X CEO Yaccarino says Musk-owned platform could turn a profit next year
(Reuters) – Social media platform X could turn a profit in early 2024, Chief Executive Officer Linda Yaccarino said on…
Exclusive-HSBC to acquire Citigroup China consumer wealth business
(Reuters) – HSBC is set to acquire Citigroup (NYSE:C)’s China consumer wealth management business, which manages more than $3 billion…
Tata Power sees uptick in trading, plans 41 MW captive solar plant
Tata Power Company’s shares experienced a slight uptick on Thursday, rising 1.73% to Rs 264.25 from its previous closing of…
European shares inch up on energy boost
(Reuters) – European shares edged higher on Thursday, supported by gains in energy stocks as oil prices rallied while investors…
Ryanair to cut flights this winter due to Boeing delivery delays
(Reuters) – Ryanair announced on Thursday cuts to its winter schedule due to delays in the delivery of Boeing (NYSE:BA)…
Meta unveils AI assistant, Facebook-streaming glasses
(Reuters) – Meta Platforms (NASDAQ:META) Chief Executive Mark Zuckerberg on Wednesday rolled out new AI products for consumers, including bots…
Citigroup plans to sell Chinese retail-wealth business to HSBC
Citigroup (NYSE:C) is reportedly in negotiations to sell its retail-wealth business in China to British competitor HSBC, as part of…
Private equity-backed firms weather high interest rates, default rates remain low
As of this Thursday, private-equity-backed firms are demonstrating resilience in the face of rising interest rates, largely due to robust…
U.S. stocks are rebounding as Treasury yields ease back
U.S. stocks were rebounding after the previous session’s weakness as Treasury yields eased back. At 9:55 ET (13:55 GMT), the…
Kia and Hyundai recall 3.37M cars in U.S. for fire risk
Korean automakers, Hyundai (KS:005380) and Kia (KS:000270) are recalling a combined 3.37 million vehicles in the United States due to…