Trump Accuses Bank of America, JPM of Not Doing Business With Conservatives
(Reuters) - U.S. President Donald Trump, addressing the World Economic Forum in Davos, Switzerland, via video link on Thursday, accused the CEOs of Bank of America and JPMorgan Chase of not providing ...
Warner Bros Discovery's Gaming Unit Chief to Step Down After 12 Years, Memo Shows
(Reuters) - Warner Bros Discovery's gaming unit head David Haddad is leaving the company after 12 years in the role, according to an internal memo seen by Reuters on Thursday.
Purdue Pharma, Sacklers Reach $7.4 Billion National Opioid Settlement
NEW YORK (Reuters) - Purdue Pharma and its Sackler family owners have reached a new $7.4 billion settlement to resolve thousands of lawsuits alleging that the pain medication Oxycontin caused a ...
BOJ Likely to Raise Rates to Highest in 17 Years, Signal More Hikes
The Bank of Japan is expected to raise interest rates on Friday to levels unseen since the 2008 global financial crisis, as a broad worldwide stocks rally calms policymakers' fears U.S. President ...
Trump Policies Likely to Raise Bond Market's Inflation Fears, Top Money Managers Say
U.S. government bond yields, which rise when prices decline, have surged over the past few months, partly in anticipation of pro-growth policies under a Trump administration which could also reignite ...
Comcast Launches Sports & News TV Package to Attract Streaming Customers
(Reuters) - Comcast announced on Thursday the launch of Sports & News TV, a new video package for its Xfinity internet customers, as part of its strategy to remain competitive in the streaming era.
Chinese EV Makers File Challenges to Tariffs at EU Court
The European Union imposed tariffs on China-made EVs at the end of October after an anti-subsidy investigation, including 17.0% for BYD, 18.8% for Geely and 35.3% for SAIC, on top of the EU's standard ...
Euro Zone Consumer Confidence Rises to -14.2 in January
(Reuters) - Euro zone consumer confidence rose by 0.3 points in January from the December number, figures released on Thursday showed. The European Commission said a flash estimate showed euro zone ...
CNN to Cut Jobs by 6% Amid Digital Push
(Reuters) - Warner Bros Discovery-owned CNN will lay off about 6% of its workforce as the TV news outlet continues to shift its focus toward a more digital-centric strategy, according to an internal ...
ConocoPhillips Takes Over as Sole Operator of Gas Project in Malaysia, Petronas Says
(Reuters) - Malaysia's Petronas on Thursday said it has officially transferred its contractual right for a cluster of oil and gas fields in the country to a unit of US-based firm ConocoPhillips.
EA Shares Slump After Annual Forecast Cut Fans Fears Over Soccer Franchise
EA's soccer franchise clinched one of the top selling games of 2023 with "FC 24", according to Circana data, after the end of a three-decade partnership with FIFA in 2022 that led to a rebranding of ...
Adidas to Axe up to 500 Jobs at Headquarters, Source Says
MUNICH (Reuters) - Adidas CEO Bjoern Gulden plans to cut up to 500 jobs at the German sport retailer's headquarters in Herzogenaurach, a source who took part in a meeting where the figure was ...