HSBC top shareholder renews call for breaking up of bank
Top shareholder of HSBC renewed its call for breaking up of the Asia-focused bank on Tuesday, saying the lender has failed to address key business model
Microsoft developing its own AI chip – The Information
Microsoft Corp is developing its own artificial intelligence chip code-named “Athena” that will power the technology behind AI chatbots like ChatGPT, the Information reported on
More US consumers are falling behind on payments
Consumers are starting to fall behind on their credit card and loan payments as the economy softens, according to executives at the biggest U.S. banks,
J&J issues cautious 2023 forecast, shares fall
Johnson & Johnson on Tuesday cautioned investors over the lingering impact of inflation-driven costs this year as the healthcare conglomerate issued a conservative full-year profit forecast,
BofA profit beats estimates as it cashes in on higher interest rates
Bank of America Corp’s first-quarter profit beat analysts’ estimates as it collected hefty interest payments from customers, while its bond traders had their best quarter in
Banking sector risks in the aftermath of climate change and environmental-related disasters
Climate change and environmental-related natural disasters are associated with massive human losses, physical damages, and economic and fiscal losses, all affecting countries’ ability to meet
Activist investor urges Getty to partner with Meta, Microsoft to grow revenue
Activist investor Trillium Capital said on Monday stock-photo company Getty Images Holdings Inc should expand and create partnerships with technology firms and publishers to grow its
Swiss government awards $9.7 mln contract related to Credit Suisse – UBS merger
The Swiss government has awarded an advisory mandate worth up to 8.7 million Swiss francs ($9.70 million) to Alvarez & Marsal Switzerland, linked to the
Will Netflix price cuts, ad-supported plan help add more users?
Netflix Inc is expected to report that it added some 2 million subscribers in the first quarter and investors will scrutinize whether recent price cuts and
Alphabet shares fall on report Samsung may dump Google Search for Bing
Alphabet Inc shares fell nearly 4% on Monday after a report that South Korea’s Samsung Electronics was considering replacing Google with Microsoft-owned Bing as the default search engine
