(Reuters) -Bankrupt crypto exchange FTX said on Friday it had resolved a lawsuit it brought last year against K5 Global, a venture capital firm co-founded by a former aide in Hillary Clinton’s office. The settlement will pave the way for the parties to collaborate to maximize recoveries for FTX customers and stakeholders, the companies said. […]
JPMorgan names Thakur sole head of global markets unit as Sippel departs
(Reuters) – JPMorgan Chase’s co-head of global markets, Jason Sippel, is leaving the Wall Street lender and Pranav Thakur has been named sole head of the business, an internal memo seen by Reuters showed on Friday. Sippel will be leaving for another opportunity after a 23-year stint at the largest U.S. bank by assets, where […]
Canadian bitcoin miner Bitfarms mulls pivot to AI data centers
(Reuters) – Toronto-based bitcoin miner Bitfarms has enlisted two consultants to explore how it can transform some of its facilities to meet the growing demand for artificial intelligence data centers, it said on Friday. WHY IT’S IMPORTANT Crypto miners often own large plots of land and significant power resources — assets that are also crucial […]
Explainer-What worries US executives about tariffs
(Reuters) – Tariffs have been top-of-mind for corporate executives in the early days of this quarter’s earnings season as U.S. President Donald Trump threatens to hit allies Mexico and Canada with levies on imported goods. Those tariffs are expected to now begin on March 1, with an announcement on Saturday, but it is possible Trump […]
Intel gets $536 million in interest from 1.06 billion euro EU antitrust fine
By Foo Yun Chee BRUSSELS (Reuters) – U.S. chipmaker Intel has received 515.55 million euros ($536 million) in default interest from EU antitrust regulators related to a 1.06 billion euro fine levied in 2009, EU antitrust chief Teresa Ribera has told EU lawmakers. Intel sued the European Commission for 593 million euros in 2022 after […]
Infinity Natural valued at $1.3 billion in debut as US energy IPOs rebound
By Atharva Singh and Arasu Kannagi Basil (Reuters) -Infinity Natural Resources notched a valuation of $1.30 billion after shares of the oil and natural gas producer jumped nearly 11% in their New York Stock Exchange debut on Friday. The listing comes amid a steady stream of initial public offerings by energy companies against the backdrop […]
Trump to meet with Nvidia CEO on Friday, White House official says
By Jarrett Renshaw and Karen Freifeld WASHINGTON (Reuters) -U.S. President Donald Trump will meet with Nvidia chief executive Jensen Huang at the White House on Friday, a White House official said, following reports the Trump administration is studying new ways to restrict AI chip sales to China. Details about the meeting were not immediately available. […]
Colgate looking to reduce the impact of possible tariffs on toothpaste made in Mexico
By Jessica DiNapoli NEW YORK (Reuters) – Colgate Palmolive is looking at ways to reduce the impact of possible tariffs on its toothpastes, which the company manufactures in Mexico for the U.S. market, Chief Financial Officer Stan Sutula said on a call with Wall Street analysts on Friday. Sutula’s comments come one day before President […]