After Credit Suisse takeover, UBS begins cost drive by axing 3,000 Swiss jobs
(Reuters) -UBS Group embarked on a sweeping plan to cut more than $10 billion in costs, saying on Thursday it…
US curbs AI chip exports from Nvidia and AMD to some Middle East countries
(Reuters) – The U.S. expanded the restriction of exports of sophisticated Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD) artificial-intelligence chips…
Asia FX treads water between mixed China PMIs and Fed pause bets
Most Asian currencies moved little on Thursday as markets weighed weak economic data from China against growing bets that the…
Tesla faces federal probe over vehicle range after Reuters report
(Reuters) – Federal prosecutors are looking into Tesla (NASDAQ:TSLA) performance claims after Reuters reported the electric carmaker exaggerated the potential…
Japan stocks higher at close of trade; Nikkei 225 up 0.74%
Japan stocks were higher after the close on Thursday, as gains in the Precision Instruments, Shipbuilding and Banking sectors led…
US insurers brace for Idalia claims, UBS estimates $9.36 billion cost in Florida
(Reuters) -Insurers were expected to face claims for billions of dollars from Hurricane Idalia which made landfall in Florida on…
Australia stocks higher at close of trade; S&P/ASX 200 up 0.10%
Australia stocks were higher after the close on Thursday, as gains in the Telecoms Services, IT and Financials sectors led…
U.S. stocks are rising on hopes for a pause on rate hikes
U.S. stocks were gaining on Wednesday despite weaker than expected economic data as investors looked toward Friday’s job report for…
Elon Musk’s X can’t beat lawsuit claiming age bias in layoffs
(Reuters) – A California federal judge has refused to dismiss a lawsuit accusing X, the social media service formerly called…
Berkshire’s Geico must face privacy lawsuit over driver’s license disclosures
(Reuters) – Geico must face a proposed nationwide class action accusing the car insurer of violating customers’ privacy by disclosing…