NEW YORK (Reuters) – Point72 Asset Management has hired Todd Hirsch, a former senior managing director at Blackstone, to head…
Year: 2025
Meta shelves fact-checking in policy reversal ahead of Trump administration
By Katie Paul, Supantha Mukherjee and Deborah Mary Sophia (Reuters) -Social media company Meta Platforms on Tuesday scrapped its U.S.…
AbbVie cuts 2024 profit forecast on acquisition expenses
(Reuters) – AbbVie lowered its 2024 adjusted profit forecast on Monday as the drugmaker incurred $1.6 billion in acquisition expenses…
Google should be forced to bargain with contractor’s union, US labor agency says
By Daniel Wiessner (Reuters) – Alphabet’s Google is facing a second complaint from a U.S. labor board claiming that it…
AI-influenced shopping boosts online holiday sales, Salesforce data shows
(Reuters) – Artificial intelligence-powered chatbots helped consumers purchase and return products during the 2024 holiday season, boosting online sales in…
What happens after the TikTok ban?
By Sheila Dang (Reuters) -The U.S. Supreme Court will hear arguments on Friday from TikTok and its China-based owner ByteDance,…
Toyota posts 3.7% rise in 2024 US sales
(Reuters) – Toyota Motor North America reported a 3.7% rise in annual U.S. auto sales on Friday, benefiting from higher…
Fannie Mae, Freddie Mac shares surge after federal agencies reveal privatization path
(Reuters) – Shares of Fannie Mae and Freddie Mac, the mortgage giants under U.S. government control since 2008, surged to…
Boeing, DOJ tell US judge they have not reached agreement on revised plea deal
WASHINGTON (Reuters) – The U.S. Justice Department and Boeing told a court on Friday they have not reached agreement on…
Microsoft plans to spend $80 billion on AI-enabled data centers in fiscal 2025
(Reuters) -Microsoft is planning to spend about $80 billion in fiscal 2025 to build data centers to train artificial intelligence…