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Banks
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HSBC eyes $1.8 billion in cost cuts by 2026 as new CEO looks to boost returns
HSBC aims to achieve $1.8 billion in cost reductions by 2026 under its new CEO Georges Elhedery, who is focused on enhancing returns. The bank reported 2024 earnings […]
Economy
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Milei Crypto Scandal Widens With Allegations Against His Sister
The political controversy surrounding Argentine President Javier Milei has intensified, focusing attention on his sister, Karina Milei, who serves as his closest adviser. Reports from La Nacion and […]
Markets
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Stock futures are little changed after S&P 500 clinches record high: Live updates
Stock futures showed minimal movement on Tuesday night following a positive trading session for equities. Futures tied to the Dow Jones Industrial Average rose by 14 points, remaining […]
Economy
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US to impose new tariffs on autos, chips and pharmaceuticals as early as April, Trump says
President Donald Trump announced plans to impose tariffs of approximately 25% on auto imports, semiconductors, and pharmaceuticals entering the United States as early as April 2. This decision […]
Uncategorized
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F.D.A.’s Food Safety Chief Resigns Over Trump Administration Layoffs
The head of the FDA’s food division has resigned following dozens of terminations at the agency, according to reports. The resignation comes amid concerns over the impact of […]
Uncategorized
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Louis DeJoy: USPS head to step down after 5 years marked by pandemic, losses and cost cuts
Louis DeJoy, the head of the US Postal Service, intends to step down, the federal agency said Tuesday, after a nearly five-year tenure marked by the coronavirus pandemic, […]
Technology
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Elon Musk’s xAI Launches Grok 3 Model It Claims Outperformed Rivals in Blind Tests
Elon Musk’s xAI launched Grok 3, the latest version of its AI model, which the company said outperformed rivals in blind tests. The latest model is “an order […]
Banks
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HSBC announces share buyback of up to $2 billion as annual profit jumps 6.5%
Europe’s largest lender HSBC on Wednesday reported annual pre-tax profit of $32.31 billion, marginally missing analysts’ estimates, as the bank’s net interest income declined by $3.1 billion from […]
Markets
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S&P 500 ekes out all-time closing high as Fed minutes eyed
NEW YORK, Feb 18 (Reuters) – The S&P 500 squeaked past its previous record closing high on Tuesday at the top of a holiday-shortened week, with earnings season […]