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AI adoption could slash 200,000 jobs in global banking

AI adoption could slash 200,000 jobs in global banking

Banks are expected to cut 200,000 jobs in the next three to five years as AI becomes integral to the workforce.
Seven hours to love: a Vietnamese girl's journey to finding her soulmate on Wall Street

Seven hours to love: a Vietnamese girl's journey to finding her soulmate on Wall Street

Reddit shares end trading up 48% in market debut

Reddit shares end trading up 48% in market debut

Tesla shares finally snap record 13-day win streak that added $200B in value

Tesla shares finally snap record 13-day win streak that added $200B in value

Tesla's record 13-day streak of gains finally came to an end on Wednesday, as the stock closed down just a smidgen after a stretch that saw the U.S. automaker add more than $200 billion to its value.
June 14, 2023 | 06:22 pm PT
Apple iPhone sales inch up, bolstering results amid shaky economy

Apple iPhone sales inch up, bolstering results amid shaky economy

Apple Inc's results beat expectations on Thursday, showing off the tech giant's resilience in a slowing global economy thanks to better-than-expected iPhone sales and notable inroads in India and other newer markets.
May 5, 2023 | 12:17 am PT
Credit Suisse secures $54B lifeline as authorities rush to prevent global bank crisis

Credit Suisse secures $54B lifeline as authorities rush to prevent global bank crisis

Credit Suisse on Thursday said it would borrow up to $54 billion from the Swiss central bank to shore up its liquidity and investor confidence after a slump in its shares intensified fears about a global financial crisis.
March 15, 2023 | 07:47 pm PT
Goldman Sachs to cut asset management investments that weighed on earnings

Goldman Sachs to cut asset management investments that weighed on earnings

Goldman Sachs Group Inc's asset management arm will significantly reduce the $59 billion of alternative investments that weighed on the bank's earnings, an executive told Reuters.
January 23, 2023 | 01:31 am PT
Starbucks plans to tap young, wealthy customers to weather recession

Starbucks plans to tap young, wealthy customers to weather recession

Starbucks Corp topped Wall Street estimates for quarterly comparable sales and profits, saying it will weather any coming recession by selling customized cold drinks through its rewards app.
November 3, 2022 | 11:48 pm PT
Wall St loses over $200 billion in value after report from Amazon

Wall St loses over $200 billion in value after report from Amazon

Over $200 billion in U.S. stock value went up in smoke in extended trade Thursday, after a weak forecast from Amazon added to downbeat quarterly reports from Big Tech companies.
October 27, 2022 | 07:18 pm PT
Wall Street revives Russian bond trading after US go-ahead

Wall Street revives Russian bond trading after US go-ahead

Several major Wall Street banks have begun offering to facilitate trades in Russian debt in recent days, according to bank documents seen by Reuters, giving investors another chance to dispose of assets widely seen in the West as toxic.
August 14, 2022 | 10:41 pm PT
Wall Street watchdog to laid-off crypto employees: work for us

Wall Street watchdog to laid-off crypto employees: work for us

The Financial Industry Regulatory Authority plans to increase its resources to understand and monitor cryptocurrencies as more of the Wall Street watchdog's members trade digital assets, Chief Executive Officer Robert Cook said on Tuesday.
June 14, 2022 | 06:18 pm PT
Wall Street or Disneyland? HCMC mulls financial center themes

Wall Street or Disneyland? HCMC mulls financial center themes

Two different main themes have been presented for an international financial center in HCMC: one a traditional Wall-Street-like concept; and the other, a Disneyland.
February 21, 2022 | 11:00 pm PT
Asian markets mixed as inflation plays against recovery optimism

Asian markets mixed as inflation plays against recovery optimism

Asian markets were mixed Monday as long-running concerns about inflation offset forecast-busting economic data out of the U.S. and China.
November 7, 2021 | 11:26 pm PT
Uber's market debut sours most anticipated IPO since Facebook

Uber's market debut sours most anticipated IPO since Facebook

Uber Technologies Inc’s conservative initial public offering could not keep its shares from sinking in their trading debut on Friday.
May 11, 2019 | 03:28 am PT
SE Asia Stocks: Most lose ground, Vietnam dives to three-month low

SE Asia Stocks: Most lose ground, Vietnam dives to three-month low

Most Southeast Asian stock markets slumped on Thursday, following a tech rout on Wall Street that saw the year's gains being wiped out.
October 25, 2018 | 12:42 am PT
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