By Jorgelina do Rosario LONDON (Reuters) - Global debt levels hit a new record high of $313 trillion in 2023, with developing economies scaling a fresh peak for the ratio of debt to their gross domestic product, a study showed.…
By Niket Nishant, Manya Saini and Carolina Mandl (Reuters) -Capital One Financial's $35.3 billion deal for Discover Financial would create new competition for payments behemoths Visa and Mastercard, potentially helping smoothen the path for regulatory approval, analysts said. The all-stock…
By Christy Santhosh and Vaibhav Sadhamta (Reuters) -Medical device maker Medtronic raised annual profit forecast for the third time this fiscal year, after beating third-quarter expectations on Tuesday, helped by higher demand for its heart and diabetes devices. Demand for…
By Mike Stone WASHINGTON (Reuters) -Desperate to address surging demand for solid fuel rocket engines, the Pentagon is close to giving a contract for new motors to the untested, privately held startup Ursa Major, according to two sources familiar with…
By Carolina Mandl, Amruta Khandekar and Ankika Biswas (Reuters) -U.S. stocks fell on Friday with the Nasdaq showing the largest decline after a hotter-than-expected producer prices report eroded hopes for imminent interest rate cuts by the Federal Reserve. A Labor…
By Caroline Valetkevitch NEW YORK (Reuters) -U.S. Treasury yields rose and the dollar edged up against the yen on Friday after data showed U.S. producer prices increased more than expected in January, adding to the view that any interest rate…
By Jarrett Renshaw (Reuters) - U.S. Senator Joe Manchin, a centrist Democrat from West Virginia, announced on Friday that he will not run for president after months of flirting with a campaign that threatened to complicate the 2024 presidential race.…
By Lananh Nguyen (Reuters) -Goldman Sachs CEO David Solomon was awarded $31 million in compensation for 2023, up 24% from $25 million in 2022, the company said in a filing on Friday. Solomon's pay comprises a $2 million base salary,…
(Reuters) -OpenAI CEO Sam Altman is working to secure approval from the U.S. government for his new AI chips venture, which could potentially raise national security and antitrust concerns, Bloomberg News reported on Friday. Altman, who is reportedly working on…
By Gram Slattery WASHINGTON (Reuters) -Republican presidential contender Nikki Haley slammed Donald Trump on Friday for maintaining an amiable relationship with Vladimir Putin, after Russian officials said opposition leader Alexei Navalny died in a prison colony on Friday. "Donald Trump…