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A view of the exterior of the Citibank corporate headquarters in New York, New York, U.S. May 20, 2015.

Citi executive in charge of implementing bank's restructuring departs

Reuters |Updated 14 minutes ago |1 min read

(Reuters) - Citigroup's Titi Cole, a top executive in charge of implementing its sweeping restructuring plan, is leaving the bank, an internal memo seen by Reuters showed on Tuesday. Cole, as the head of legacy franchises, executed the third ...

The Google logo is seen on the Google house at CES 2024, an annual consumer electronics trade show, in Las Vegas, Nevada, U.S. January 10, 2024.

Google launches Trillium chip, improving AI data center performance fivefold

Max A. Cherney |Updated 17 minutes ago |2 min read

By Max A. Cherney (Reuters) - Google parent Alphabet on Tuesday unveiled a product called Trillium in its artificial intelligence data center chip family that it says is nearly five times as fast as its prior version. "Industry demand for ...

The logo of the European satellite operator Eutelsat is pictured at the company's headquarters in Issy-les-Moulineaux near Paris, France, August 17, 2022.

Eutelsat confirms guidance, with OneWeb network on track

Reuters |Updated 27 minutes ago |1 min read

(Reuters) - Eutelsat Group, the world's third-biggest satellite operator by revenue, on Tuesday reported third-quarter sales in line with expectations and reiterated its full-year outlook. Sales were 300.8 million euros ($325.38 million), just ...

People walk behind a Meta Platforms logo during a conference in Mumbai, India, September 20, 2023.

Meta to shut Workplace app to focus on AI, metaverse

Reuters |Updated 34 minutes ago |2 min read

(Reuters) - Meta Platforms will discontinue its work-focused Workplace app as the company shifts its focus on building artificial intelligence and metaverse technologies, the Facebook parent said on Tuesday. Workplace will be shuttered starting ...

People walk around the Financial District near the New York Stock Exchange (NYSE) in New York, U.S., December 29, 2023.

US bank failures could surge by almost 50, Nomura analyst says

Nupur Anand |Updated 37 minutes ago |2 min read

By Nupur Anand NEW YORK (Reuters) - Almost 50 U.S. lenders could fail in the coming years under pressure from higher interest rates and operational problems, Nomura analyst Greg Hertrich told reporters at the company's New York office on Tuesday.

People walk around the Financial District near the New York Stock Exchange (NYSE) in New York, U.S., December 29, 2023.

Analysis-Hopes for 'soft landing' at stake as investors await US inflation data

Lewis Krauskopf |Updated 47 minutes ago |4 min read

By Lewis Krauskopf NEW YORK (Reuters) - Investors’ newfound optimism on the U.S. economy faces an important test on Wednesday, with consumer price data set to show whether the soft landing hopes that have fueled recent gains in equities are ...

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 8, 2024.

Explainer-Why are meme stocks rallying again?

Medha Singh, Sruthi Shankar |Updated 1 hour ago |3 min read

By Sruthi Shankar and Medha Singh (Reuters) - GameStop and AMC Entertainment have again captured retail investors' attention, reminiscent of "the meme stock frenzy" that gripped Wall Street three years ago, following social media posts from the ...

A United Launch Alliance Atlas V rocket stands on the pad after the launch of two astronauts aboard Boeing's Starliner-1 Crew Flight Test (CFT) was delayed for technical issues prior to a mission to the International Space Station, in Cape Canaveral, Florida, U.S. May 7, 2024.

Boeing Starliner's crew debut delayed again over spacecraft issue

Joey Roulette |Updated 3 minutes ago |2 min read

By Joey Roulette WASHINGTON (Reuters) -Boeing's first Starliner mission carrying astronauts into space has been delayed again - until at least May 21 - over an issue with the spacecraft's propulsion system, the company said on Tuesday. Starliner's ...

A man walks wearing a limited edition of Converse Chuck Taylor All Star Õ70 sneakers at the KICKIT Sneaker e Streetwear Market in Rome, Italy, September 23, 2018. Picture taken September 23, 2018.

Converse to cut jobs as part of Nike's cost-savings plan, Bloomberg News reports

Reuters |Updated 6 minutes ago |1 min read

(Reuters) - Footwear brand Converse will cut jobs as part of parent company Nike's on-going $2 billion cost savings plan, Bloomberg News reported on Tuesday citing an internal memo. (Reporting by Juveria Tabassum; Editing by Krishna Chandra ...

The BYD logo is displayed at the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China, April 25, 2024.

China's BYD unveils mid-size hybrid EV pickup in Mexico

Reuters |Updated 3 minutes ago |1 min read

MEXICO CITY (Reuters) - Chinese automaker BYD unveiled the Shark, a mid-size hybrid-electric pickup truck, at an event in Mexico on Tuesday. (Reporting by Cassandra Garrison; Editing by Anthony Esposito)

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