Lekha Gupta | April 1, 2024
Palantir Technologies Inc. (NYSE:PLTR) received a contract from the Defense Information Systems Agency (DISA) on Friday. Notably, Palantir won the contract to deliver an Electromagnetic Battle Management – Joint Decision Support (EMBM-J DS) prototype. The prototype Other Transaction Authority (OTA) Agreement contract is worth $9.8 million over twelve months. The contract will provide the Department of Defense […]
Reuters | March 28, 2024
By Amina Niasse (Reuters) – Pending home sales in the U.S. rose 1.6% in February, spurred by modest inventory increases and job gains, a report on Thursday said. The National Association of Realtors (NAR) Pending Home Sales index rose 1.6% to 75.6 from a revised 74.4 the month prior. Economists expected a 1.5% increase, a […]
Reuters | March 27, 2024
By Tatiana Bautzer NEW YORK (Reuters) -JPMorgan Chase seeks to expand the reach of its wealth management business and bring in more investments by offering a new planning tool to its 54 million Chase retail customers. The Wealth Plan tool had about 10 million users active over the last three months, said Sam Palmer, the […]
Reuters | March 26, 2024
By Akash Sriram and Hyunjoo Jin (Reuters) -Shares of Tesla rose about 4% on Tuesday after CEO Elon Musk said the electric carmaker will offer U.S. customers a free trial of its driver-assist technology for a month. Musk has long touted the Full Self-Driving (FSD) technology as a potential cash cow for the company, but […]
Reuters | March 25, 2024
By Jarrett Renshaw and Howard Schneider WASHINGTON (Reuters) – The U.S. Federal Reserve looks on track to cut interest rates as the presidential campaign season heats up, potentially delivering President Joe Biden a boost as polls show Americans dislike his handling of the economy. The Fed could play an outsized – and potentially uncomfortable – […]
Shanthi Rexaline | March 22, 2024
Neither President Joe Biden nor his predecessor Donald Trump cuts ice with voters in the two battleground states of Michigan and Pennsylvania, new poll results published on Friday showed. What Happened: Trump and Biden are in a dead heat in Pennsylvania, while the former president led the incumbent by a margin of 50% to 42%, […]
Reuters | March 21, 2024
(Reuters) -U.S. Senator Elizabeth Warren in a letter on Thursday urged the Securities and Exchange Commission to investigate whether Tesla violated regulations over board independence at public companies. “New evidence has emerged in recent months that deepen my concerns that Tesla’s board lacks independence from Mr. Musk, who uses his control over the board for […]
Reuters | March 20, 2024
By Herbert Lash NEW YORK (Reuters) -The dollar weakened and the yen rebounded from near multi-decade lows on Wednesday after the Federal Reserve held interest rates steady as expected and policymakers still projected three U.S. rate cuts this year even as inflation remains elevated. The Fed’s updated quarterly economic projections showed the personal consumption expenditures […]
Reuters | March 19, 2024
By Yoruk Bahceli, Nell Mackenzie, Harry Robertson and Dhara Ranasinghe LONDON (Reuters) – Hedge funds are piling into the euro zone’s $10 trillion government bond market, scenting opportunities as funding needs surge and the European Central Bank retreats. The funds are buying a large share of government debt sales, providing a source of much-needed capital, […]
Reuters | March 18, 2024
By Martin Coulter (Reuters) -Apple is in talks to build Google’s Gemini artificial intelligence engine into the iPhone, Bloomberg News reported on Monday, citing people familiar with the situation. The negotiations are about licensing Gemini for some new features coming to the iPhone software this year, the report said, adding that the terms or branding […]
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