U.S. Steel shareholders approve $14.9 billion buyout by Nippon Steel
By Aatreyee Dasgupta (Reuters) -U.S. Steel shareholders on Friday approved its proposed $14.9 billion acquisition by Japan’s Nippon Steel, as…
Category: Business
US lawmakers angry after Huawei unveils laptop with new Intel AI chip
WASHINGTON (Reuters) -Republican U.S. lawmakers on Friday criticized the Biden administration after sanctioned Chinese telecoms equipment giant Huawei unveiled a…
Citi profit falls on severance costs from reorganization while stock slides
By Manya Saini and Tatiana Bautzer (Reuters) -Citigroup’s first-quarter profit fell 27% as the bank took charges related to its…
Morgan Stanley’s wealth arm under probe by multiple regulators, WSJ reports
(Reuters) -Morgan Stanley’s wealth management arm is being probed by multiple regulators, the Wall Street Journal reported on Thursday, citing…
EU to decide on Nippon Steel’s US Steel bid by May 17, approval a formality
BRUSSELS (Reuters) – Nippon Steel’s $14.9 billion acquisition of U.S. Steel Corp will be decided by European Union antitrust regulators…
Rent the Runway shares get caught up in AI frenzy, surge over 200%
By Ananya Mariam Rajesh (Reuters) -Traders piled into shares of Rent the Runway on Thursday, sending the shares up by…
Fed looks to slice balance sheet runoff pace by half
By Michael S. Derby NEW YORK (Reuters) -The Federal Reserve is preparing in short order to slow the rate at…
US government’s Apple antitrust suit gets new judge after recusal
By Mike Scarcella (Reuters) – The U.S. Justice Department’s blockbuster case accusing Apple of unlawfully monopolizing the smartphone market was…
Meta debuts new generation of AI chip
By Max A. Cherney SAN FRANCISCO (Reuters) – Meta Platforms unveiled details on Wednesday about the next generation of the…
Global steel demand to return to growth in 2024, says World Steel
LONDON (Reuters) -Global steel demand is expected to rise by 1.7% to 1.793 billion metric tons in 2024 and to…