Stocks News

(Reuters) – JPMorgan Chase & Co is asking all its managing directors to work from office five days a week, the bank said in an memo that was seen by Reuters on Wednesday.

By Jody Godoy and Helen Coster (Reuters) – A Fox Corp shareholder sued Chairman Rupert Murdoch and four other board members on Tuesday, saying they failed to stop Fox News from reporting falsehoods about the 2020 U.S. presidential election that damaged its credibility and prompted lawsuits.

(Reuters) – Bank of England Governor Andrew Bailey said bank reforms enacted after the global financial crisis of 2007-09 worked during the recent banking turmoil, but there were questions about whether banks should set aside bigger cash buffers in future.

SAO PAULO (Reuters) – Brazil’s retail sector started 2023 stronger than expected and with record high sales in January, although the outlook is that the tight credit scenario and weak economy amid high interest rates will weigh on the sector going forward.

(Reuters) – Warren Buffett on Wednesday said people should not be panicked about the banking industry or the safety of U.S. bank deposits, despite the recent failures of Silicon Valley Bank and Signature Bank.

By Huw Jones LONDON (Reuters) – European Union plans, due next week, will seek to speed up handling of failing banks to ensure they are not bailed out by taxpayers but “bailed in” using their own resources, EU documents seen by Reuters showed.

(Reuters) – Alphabet Inc’s self-driving technology unit Waymo said on Wednesday that some of its vehicles in San Francisco encountered dense fog and briefly pulled over to the side of the road.

By Stephen Nellis (Reuters) – Intel Corp on Wednesday said its chip contract manufacturing division will work with U.K.-based chip designer Arm Ltd to ensure that mobile phone chips and other products that use Arm’s technology can be made in Intel’s factories.

By Stephen Nellis (Reuters) – Nvidia Corp said on Wednesday it is packing one of its mid-range chips for gamers with more artificial intelligence features to improve graphics, underscoring the importance of gaming for the company despite the segment’s slowing revenue.

ZURICH (Reuters) – Switzerland’s parliament on Wednesday rejected a Credit Suisse rescue package that included 109 billion Swiss francs ($120.87 billion)in financial guarantees in a largely symbolic vote as the government commitment, made using emergency law, can not be overturned.

Core CPI increased 0.4% and YoY core inflation was 5.6%, higher than target.

By Krystal Hu (Reuters) – Data startup Cybersyn said it has raised $62.9 million from investors including Snowflake Inc, Coatue Management and Sequoia Capital, its chief executive told Reuters.

(Reuters) – Germany’s Merck will invest about 300 million euros ($327.90 million) in the world’s largest integrated specialty gas plant in Hometown, U.S., the company said on Wednesday.

By Rajesh Kumar Singh CHICAGO (Reuters) – Delta Air Lines is doubling down on more profitable premium travel as it looks to shore up its defenses against an economic downturn.

BRASILIA (Reuters) – Brazil’s government announced on Tuesday it would end a tax exemption on international orders up to $50 as part of an effort to tax purchases from global retail giants.

By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge on Tuesday ordered Russia’s largest cargo airline to pay aircraft lessor BOC Aviation Ltd $406.2 million after being declared in default on leases for three Boeing 747-8F planes following Russia’s invasion of Ukraine.

A look at the day ahead in U.S. and global markets from Mike Dolan

By Douglas Gillison and Hannah Lang (Reuters) – The Federal Deposit Insurance Corp is expected to propose next month how to make the U.S. banking sector pay for an estimated $23 billion hole in its insurance fund by the collapse of Silicon Valley Bank and Signature

(Reuters) – Mercedes-Benz Group sales rose moderately in the first quarter of this year, boosted by electric vehicles (EV) and premium cars, the German carmaker said on Wednesday.

BENGALURU (Reuters) – Elon Musk said on Wednesday that he did not know “what exactly happened” when Twitter took down content related to a documentary critical of Prime Minister Narendra Modi earlier this year, adding that some rules related to social media content were “quite strict”