Barclays said that it is eliminating about 5,000 jobs, or 5% of its staff, this year in order to reduce fixed costs and increase returns
Category: WORLD NEWS
Private equity giants Blackstone and Warburg weigh $10B+ IntraFi offload.
Warburg Pincus and Blackstone Inc. are considering selling IntraFi, which could fetch the financial technology company more than $10 billion. The private equity firms have
Chinese tech giants ByteDance, Alibaba, and Tencent haul $35B+ in Nvidia chips despite curbs.
In a rush for a less potent but export-compliant chip amid US trade restrictions with China, ByteDance, Alibaba, and Tencent have ordered more than 3
JPMorgan Chase invests $5 billion in industries critical to US economic and national security.
As banks look to take advantage of the increasing need for domestic manufacturing, energy infrastructure, and supply-chain resilience, JPMorgan Chase announced that it has invested
The rapid evolution of AI could drive U.S. GDP from over $33T to $44T by 2030. – Anthropic’s Clark
Anthropic co-founder Jack Clark said on Saturday that rapidly advancing AI capabilities will drive faster transformation across industries. According to one of the company’s internal
SoftBank targets takeover of security firm Allied Universal in $18 billion deal.
SoftBank Group is contemplating a purchase of Allied Universal in a deal that could value the US security services provider at roughly $18 billion. Allied
The World Bank plans a $19 billion investment to develop critical minerals in 20 nations over five years.
Ajay Banga, president of the World Bank, stated on Friday that the development lender has identified 20 nations with which it can collaborate on essential
US 10-year Treasury yields are the sharpest since 1994, but not unprecedented, BNY CEO says.
The CEO of the oldest US bank said that the benchmark 10-year US Treasury yield had reached previously unheard-of levels this year as a sharp
US Tech at Risk from Green-Card Restrictions, Warns Microsoft
Microsoft President Brad Smith cautioned that the Trump administration’s decision to limit qualified foreign workers’ access to green cards could undermine US technical competitiveness and
Japan is to invest $21 billion in two US GlobalFoundries chip plants.
Japan is pouring up to $21 billion into two new New York semiconductor factories co-owned by the US government and Japanese entities, with GlobalFoundries managing
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