Stocks Fall as Traders Take Cover Before Payrolls: Markets Wrap
(Bloomberg) — Global stock markets retreated on Friday as traders adopted a cautious stance ahead of US jobs data that can offer fresh insight into the health of the economy…
Business
Nvidia AI Chip Partnership Adds Fuel to MediaTek’s Share Rally
(Bloomberg) — Increased collaboration with Nvidia Corp. has pushed investor optimism over the AI growth potential for MediaTek Inc. to a recent level, putting its shares heading in the right…
Jefferies’ profit jumps on investment banking windfall
By Pritam Biswas and Lananh Nguyen (Reuters) -Jefferies Financial’s profit greater than tripled within the fourth quarter because the investment bank earned higher fees from advising on deals and underwriting…
Private equity wants a chunk of your 401(k) — and hopes Trump could make it occur
Private equity firms are hoping that the brand new Trump administration makes it easier for them access to something they’ve long wanted: your 401(k). Wall Street investment giants view Essential…
Moderna stock forfeits gains as first US bird flu death puts vaccine development in focus
Moderna stock (MRNA) fell over 9% on Wednesday, forfeiting most of its gains from Tuesday’s session during a volatile week for the stock seen after the primary reported bird flu…
Wolfe Chooses the Best Web Stocks to Buy
With a recent Presidential administration set to take office in lower than two weeks, there’s a sense of change within the air. A few of the changes are already clear…
Wall Street Job Losses May Top 200,000 as AI Replaces Roles
(Bloomberg) — Global banks will cut as many as 200,000 jobs in the subsequent three to 5 years as artificial intelligence encroaches on tasks currently carried out by human staff,…
Nvidia’s ‘AI Godfather’ forces a reset on the tech world’s next big bet: Morning Transient
That is The Takeaway from today’s Morning Transient, which you possibly can join to receive in your inbox every morning together with: When Nvidia (NVDA) CEO Jensen Huang speaks, the…
Ally to End Mortgage Originations, Cut Jobs Across Company
(Bloomberg) — Ally Financial Inc. will cut jobs, end mortgage originations and consider strategic alternatives for its credit-card business as borrowers have struggled to pay down costly debt. Most Read…
SoftBank’s Chip Designer Arm Considers Acquiring Ampere Computing
(Bloomberg) — SoftBank Group Corp. and its majority-owned Arm Holdings Plc are exploring a deal for Ampere Computing LLC, in keeping with people accustomed to the matter. Most Read from…