Walmart looks to bet $200 million on autonomous forklifts
Walmart (WMT.N), opens new tab has plans to potentially spend $200 million on self-driving forklifts as part of broader efforts to automate more warehouse […]
3M shares soar as strong results highlight cost cuts, growth push
3M’s (MMM.N), opens new tab shares soared to a near two-year high on Friday following the industrial conglomerate’s quarterly results that underscored its focus […]
Six banks settle European bond price fixing litigation in New York
Six banks including Bank of America (BAC.N), opens new tab and Citigroup (C.N), opens new tab agreed to pay $80 million to settle antitrust litigation in […]
Nasdaq says top shareholder Thoma Bravo to sell shares worth $2.8 bln
Nasdaq (NDAQ.O), opens new tab said on Friday that private equity firm Thoma Bravo will sell 41.6 million shares in the transatlantic exchange operator […]
India’s central bank fines Visa for unauthorised payment method
The Reserve Bank of India imposed a penalty of 24.1 million rupees (nearly $288,000) on Visa (V.N), opens new tab in relation to its […]
Amundi’s Q2 net inflows beat estimates on Asian contributions
Amundi, Europe’s biggest fund manager, posted better-than-expected quarterly inflows on Friday, driven by its Asian joint ventures amid sustained demand for risk-averse […]
JPMorgan launches in-house chatbot as AI-based research analyst, FT reports
JPMorgan Chase (JPM.N), opens new tab has begun rolling out a generative artificial intelligence (AI) product, telling employees that its own version of OpenAI’s […]
Sabadell CEO plays down ‘white knight’ prospect to stop BBVA bid
Banco Sabadell (SABE.MC), opens new tab is unlikely to get a competing takeover offer to scupper a hostile bid from rival BBVA (BBVA.MC), opens new […]
Charles Schwab names Michael Verdeschi as CFO
Brokerage firm Charles Schwab (SCHW.N), opens new tab has appointed Michael Verdeschi as its chief financial officer, effective Oct. 1, according to a filing […]
Nasdaq profit beats as fintech sales jump, shares soar
Nasdaq’s (NDAQ.O), opens new tab second-quarter profit topped Wall Street estimates on Thursday, driven by strong demand for its products that help traders navigate […]
Lloyds profit slides 14% as slow economy and rising costs bite
Lloyds Banking Group (LLOY.L), opens new tab reported a 14% fall in first half pretax profit to 3.3 billion pounds ($4.25 billion) on Thursday, […]
Julius Baer shares slide on profit miss, tepid cash inflows
wiss private bank Julius Baer’s (BAER.S), opens new tab shares fell 10% on Thursday after the wealth manager missed profit forecasts and reported only […]