By Harshita Mary Varghese (Reuters) – Alphabet led a Big Tech rally on Wednesday, with its stock hitting a record high after U.S. President-elect Donald Trump picked Federal Trade Commissioner Andrew Ferguson to lead the consumer protection and antitrust agency. Trump tapped Ferguson on Tuesday to replace Lina Khan, whose term as FTC chair has […]
BofA CEO says business outlook is brighter under Trump, expects surge in banking, trading revenue
By Saeed Azhar, Lananh Nguyen and Arasu Kannagi Basil (Reuters) – Bank of America expects regulatory changes under President-elect Donald Trump to favor mergers and acquisitions among companies, including banks, CEO Brian Moynihan said on Wednesday. “Regulatory changes will be favorable for the ability to get deals done,” Moynihan told investors at the Goldman Sachs […]
JPMorgan Chase expects investment banking fees to be up by 45% in Q4
By Nupur Anand, Tatiana Bautzer and Manya Saini NEW YORK (Reuters) -JPMorgan Chase investment banking fees are expected to rise by 45% in the fourth quarter over a year ago, Marianne Lake, the bank’s CEO of consumer and community banking, said on Tuesday. Trading fees are likely to jump by 15% in the fourth quarter, […]
Google parent Alphabet jumps on quantum chip breakthrough
(Reuters) – Shares of Google parent Alphabet rose about 5% on Tuesday after it unveiled a new generation chip that the company said helped overcome a key challenge in quantum computing. Google on Monday introduced a new chip called Willow, which solved in five minutes a computing problem that would take a classical computer more […]
Walgreens in talks to be taken private by Sycamore Partners, source says
By Anirban Sen and Leroy Leo (Reuters) – Walgreens Boots Alliance is in talks to sell itself to private equity firm Sycamore Partners, according to a person familiar with the matter, the latest attempt by the pharmacy chain operator to go private after a sharp slump in share value. Walgreens has been working with its […]
Apple to bring satellite communications to smartwatch next year, Bloomberg News reports
(Reuters) – Apple plans to bring satellite connections to its smartwatch in 2025 and is ramping up work on a blood-pressure feature for the device, Bloomberg News reported on Tuesday. The satellite feature is expected to come to next year’s version of the iPhone maker’s Apple Watch Ultra, the report said, citing people familiar with […]
Nuclear weapons must never be used, Nagasaki survivor tells Putin before Nobel ceremony
By Nora Buli OSLO (Reuters) – Russian President Vladimir Putin does not truly understand the destructive power of nuclear weapons, a 92-year-old survivor of the atomic bombing of Nagasaki said on Monday, on the eve of his Japanese survivors’ group receiving the Nobel Peace Prize. Terumi Tanaka was referring to threats made by Putin and […]
Google says it has cracked a quantum computing challenge with new chip
By Stephen Nellis SANTA BARBARA, California (Reuters) – Google on Monday said that it has overcome a key challenge in quantum computing with a new generation of chip, solving a computing problem in five minutes that would take a classical computer more time than the history of the universe. Like other tech giants such as […]
TikTok hires ex-Trump administration lawyer ahead of Supreme Court appeal
By Mike Scarcella (Reuters) – TikTok and its Chinese owner ByteDance have turned to a veteran U.S. Supreme Court lawyer as they prepare to ask the justices to block a law that could ban the popular short video platform in the United States. Noel Francisco, who served as U.S. solicitor general during Republican President-elect Donald […]
Webb telescope confirms the universe is expanding at an unexpected rate
By Will Dunham WASHINGTON (Reuters) – Fresh corroboration of the perplexing observation that the universe is expanding more rapidly than expected has scientists pondering the cause – perhaps some unknown factor involving the mysterious cosmic components dark energy and dark matter. Two years of data from NASA’s James Webb Space Telescope have now validated the […]