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A trader works at the post where New York Community Bancorp stock is traded on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 7, 2024.

NYCB to sell nearly $5 billion of mortgage warehouse loans to JPMorgan

Reuters |Updated 8 minutes ago |1 min read

(Reuters) - Embattled regional lender New York Community Bancorp said on Tuesday it has agreed to sell about $5 billion in mortgage warehouse loans to JPMorgan Chase. The deal bolsters NYCB's liquidity and capital as it executes a crucial ...

Ilya Sutskever, co-Founder and Chief Scientist of OpenAI speaks during a talk at Tel Aviv University in Tel Aviv, Israel June 5, 2023.

OpenAI co-founder Ilya Sutskever departs

Reuters |Updated 9 minutes ago |1 min read

(Reuters) - OpenAI co-founder Ilya Sutskever has made the decision to leave the firm, he said in a post on X on Tuesday. (Reporting by Akanksha Khushi in Bengaluru; Editing by Shailesh Kuber)

The Chime logo is seen on a smartphone placed on U.S. dollars banknotes in this illustration taken January 24, 2022.

Digital bank Chime debuts advance wage product ahead of anticipated IPO

Hannah Lang |Updated 18 minutes ago |2 min read

By Hannah Lang (Reuters) - U.S. digital bank Chime is launching a product that will allow customers to access up to $500 of their wages before payday, the latest move by a financial technology company to enter the fast-growing "earned wage ...

A Chinese flag is displayed next to a "Made in China" sign seen on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023.

Chinese firms make headway in producing high bandwidth memory for AI chipsets

Eduardo Baptista, Fanny Potkin |Updated 19 minutes ago |4 min read

By Fanny Potkin and Eduardo Baptista SINGAPORE/BEIJING (Reuters) - Two Chinese chipmakers are in the early stages of producing high bandwidth memory (HBM) semiconductors used in artificial intelligence chipsets, according to sources and ...

A sign for TD Canada Trust and Cadillac Fairview sit atop a construction project in Toronto, Ontario, Canada December 13, 2021.

Canada to convene meeting to discuss money laundering allegations against TD Bank

Reuters |Updated 1 hour ago |1 min read

(Reuters) - The Canadian House of Commons finance committee said it will hold a meeting on Friday to discuss recent allegations related to drug traffickers laundering money at TD Bank. A U.S. Department of Justice investigation into TD Bank was ...

Boeing's 737 MAX-9 is pictured under construction at their production facility in Renton, Washington, U.S., February 13, 2017.

US says Boeing breached 2021 deferred prosecution 737 MAX agreement

Reuters |Updated 6 minutes ago |1 min read

(Reuters) - The U.S. Justice Department said late on Tuesday that Boeing Co had breached its obligations in a 2021 agreement that shielded the planemaker from criminal prosecution over fatal 737 MAX crashes in 2018 and 2019. The Justice ...

Salim Ramji, head of BlackRock's U.S. Wealth Advisory, speaks during the Reuters Global Wealth Management Summit in New York City, New York, U.S., June 16, 2016.

Vanguard preparing to tap former BlackRock executive Salim Ramji as CEO, WSJ reports

Reuters |Updated 6 minutes ago |1 min read

(Reuters) - Vanguard Group is preparing to name former BlackRock executive Salim Ramji as its CEO, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Ramji led BlackRock's exchange-traded funds and index ...

The top hat of a Canoo electric vehicle waits to be attached to an electric car platform at a manufacturing site in Livonia, Michigan, U.S. November 29, 2022.

EV startup Canoo posts larger-than-expected loss in first quarter

Reuters |Updated 1 hour ago |2 min read

(Reuters) - Electric vehicle startup Canoo posted a larger-than-expected loss for the first quarter on Tuesday, but kept its outlook for the year unchanged. Slowing demand in the United States and stiff competition from Chinese EV makers in the ...

A screen displays the logo and trading information for Capital One Financial as a trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 20, 2024.

US banking regulators announce July 19 public meeting on Capital One-Discover deal

Reuters |Updated 1 hour ago |1 min read

WASHINGTON (Reuters) - A pair of U.S. banking regulators announced on Tuesday they would be hosting a public meeting on July 19 to solicit input on the proposed acquisition of Discover Financial Services by Capital One Financial Corporation. The ...

Passersby walk past an electric monitor displaying the Japanese yen exchange rate against the U.S. dollar outside a brokerage in Tokyo, Japan October 4, 2023.

Morning Bid: Markets buoyant, but wary of CPI, tariffs

Jamie McGeever |Updated 1 hour ago |2 min read

By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets. Asian markets should open in upbeat mood on Wednesday as lower U.S. bond yields and a weaker dollar reflect expectations that the Fed will cut interest rates as early as ...

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