Citi cuts return targets to spend more on regulatory fixes, plans $20 billion in buybacks
By Tatiana Bautzer and Manya Saini (Reuters) -Citigroup cut its closely watched profitability target in 2026 as it tackles rising…
Goldman Sachs CEO says Apple card partnership may end before 2030
NEW YORK (Reuters) – Goldman Sachs’ credit-card partnership with Apple may end before its contract runs out in 2030, Goldman…
JPMorgan earns biggest-ever annual profit as investment bankers ride rebound
By Niket Nishant and Nupur Anand (Reuters) – JPMorgan Chase’s annual profit rose to a record as its dealmakers and…
Trump’s new SEC leadership poised to kick start crypto overhaul, sources say
By Hannah Lang and Chris Prentice WASHINGTON (Reuters) – Top Republican officials at the U.S. Securities and Exchange Commission are…
FDA proposes putting nutrition labels on the front of packaged foods in health push
By Sriparna Roy, Ananya Mariam Rajesh (Reuters) -The U.S. Food and Drug Administration on Tuesday proposed that food companies display…
China blacklists seven US firms for involvement in Taiwan arms sales
BEIJING (Reuters) – The Chinese commerce ministry said on Tuesday that it had added seven U.S. companies to its so-called…
Meta to lay off 5% of ‘lowest performers’, plans to hire for impacted roles
(Reuters) – Meta Platforms will trim about 5% of its “lowest performers” and plans to hire for the impacted roles…
Microsoft halts hiring in US consulting unit as cost-cutting measure, CNBC reports
(Reuters) – Microsoft is planning to halt hiring in part of its consulting business in the U.S. in a bid…
Apple, Samsung smartphone shipments fall in fourth quarter as China competition bites, IDC says
(Reuters) – Smartphone shipments for Apple and Samsung declined in the fourth quarter globally, as they grapple with intense competition…
Nvidia’s biggest customers delaying orders of latest AI racks, The Information reports
(Reuters) -Nvidia’s top customers are delaying orders of the AI chip leader’s latest ‘Blackwell’ racks due to overheating issues, the…