JPMorgan sees $3 billion net interest income boost from First Republic deal

NEW YORK, May 22 (Reuters) – JPMorgan Chase & Co’s (JPM.N) net interest income will rise $3 billion as it brings in more interest payments from its purchase of failed First Republic Bank this year, executives told investors on Monday. The largest US lender expects its net interest income to rise to $84 billion from higher interest payments in 2023, increasing an earlier forecast of $81 billion,…

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Jack Daniel's trademark fight over dog toy goes to U.S. Supreme Court

New Post has been published on https://petn.ws/H3r9d

Jack Daniel's trademark fight over dog toy goes to U.S. Supreme Court

WASHINGTON, March 22 (Reuters) – The U.S. Supreme Court on Wednesday is set to hear a trademark clash between Jack Daniel’s and a dog accessory company behind a parody chew toy resembling the distiller’s widely recognized black-label whiskey bottle. The dispute pits the whiskey brand’s trademark rights against legal protections for creative expression – in […]

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Kolumbiya məhkəməsi iclasa ev sahibliyi etmək üçün metaverseyə keçir

24 fevral (Reuters) – Kolumbiya məhkəməsi bu ay metaversedə ilk hüquqi məhkəmə prosesini keçirdi və indi virtual reallıq ilə yenidən sınaq keçirməyə ümid edir, səlahiyyətlilər Reuters-ə bildiriblər. Kolumbiyanın Maqdalena İnzibati məhkəməsi tərəfindən keçirilən iki saatlıq dinləmədə yol mübahisəsinin iştirakçıları virtual məhkəmə zalında avatar kimi görünüblər. Magistrator Maria Quinones…

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Adani's market losses top $100 billion as postponed stock sale spooks investors

The market crisis in shares of Indian tycoon Adani is deepening Adani Enterprises has lost $26 billion in value since the report Falls after Adani pulled the stock sale spooked investors Analysts say this signals a crisis of confidence in the Indian market NEW DELHI/MUMBAI, Feb 2 (Reuters) – Adani Group’s market losses soared to more than $100 billion on Thursday, sparking concerns about its…

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Microsoft to expand ChatGPT access as OpenAI investment rumors swirl

Jan 16 (Reuters) - Microsoft Corp (MSFT.O) on Monday stated it's widening entry to massively well-liked software program from OpenAI, a startup it's backing whose futuristic ChatGPT chatbot has captivated Silicon Valley.Microsoft stated the startup's tech, which it to this point has previewed to its cloud-computing clients in a program it known as the Azure OpenAI Service, was now usually accessible, a distinction that is anticipated to deliver a flood of latest utilization.The information comes as Microsoft has checked out including to the $1 billion stake in OpenAI it introduced in 2019, two individuals aware of the matter beforehand advised Reuters. The information web site Semafor reported earlier this month that Microsoft might invest $10 billion; Microsoft declined to touch upon any potential deal.Public curiosity in OpenAI surged following its November launch of ChatGPT, a text-based chatbot that may draft prose, poetry and even laptop code on command. ChatGPT is powered by generative synthetic intelligence, which conjures new content material after coaching on huge quantities of information -- tech that Microsoft is letting extra clients apply to make use of.ChatGPT itself, not simply its underlying tech, will quickly be accessible through Microsoft's cloud, it stated in a weblog put up.Microsoft stated it's vetting clients' functions to mitigate potential abuse of the software program, and its filters can display for dangerous content material customers may enter or the tech may produce.The enterprise potential of such software program has garnered large venture-capital funding in startups producing it, at a time funding has in any other case dried up. Already, some corporations have used the tech to create advertising content material or reveal the way it may negotiate a cable invoice.Microsoft stated CarMax, KPMG and others had been utilizing its Azure OpenAI service. Its press launch quoted an Al Jazeera vice chairman as saying the service may assist the information group summarize and translate content material.Reporting By Jeffrey Dastin; Modifying by Leslie AdlerOur Requirements: The Thomson Reuters Trust Principles. #Microsoft #broaden #ChatGPT #entry #OpenAI #funding #rumors #swirl Read the full article

Chinese firms avert delisting as US audit watchdog gets full inspection access

Chinese firms avert delisting as US audit watchdog gets full inspection access

NEW YORK/HONG KONG/WASHINGTON, Dec 15 (Reuters) – The US accounting watchdog on Thursday said it has full access to inspect and investigate firms in China for the first time ever, removing the risk that around 200 Chinese companies could be kicked off. US stock exchanges. The statement from the Public Company Accounting Oversight Board (PCAOB) marks a victory for US regulators and a relief for…

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Oil gains on uncertainty over U.S. pipeline restart, Russian supplies - Reuters.com

Oil gains on uncertainty over U.S. pipeline restart, Russian supplies – Reuters.com

Brent, WTI rises $1 in early Asian tradeEasing COVID measures in China also supportive of oilKeystone pipeline operator has not determined cause of leak SINGAPORE, Dec 12 (Reuters) – Oil prices rose more than 1% on Monday as a key pipeline supplying the United States remained shut while Russian President Vladimir Putin threatened to cut production in retaliation for a Western price… Read more

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The co-founder of the NFT platform Blockparty was accused of fraud

The co-founder of the NFT platform Blockparty was accused of fraud

December 7 (Reuters) – A former Blockparty CTO was arrested on Wednesday after US prosecutors said he stole more than $1 million in cash and cryptocurrencies from a company that runs the non-fungible token market. Rikesh Tapa, 28, from San Diego, California, co-founded the company in 2017 and left in 2019 after refusing to return $1 million in company funds he agreed to keep in his bank account…

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South Korea begins probe into deadly Halloween crush

South Korea begins probe into deadly Halloween crush

Death toll rises to 154, 149 injured Government promises thorough investigation Residents, officials offer condolences at memorials Disaster is South Korea’s worst since 2014 Sewol ferry sinking SEOUL, Oct 31 (Reuters) – South Korean investigators combed footage on Monday from more than 50 state and private closed-circuit TV cameras as well as from social media looking for answers to how a surge…

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Factbox: Big banks expected to rack up more than $1 billion in fines for WhatsApp use

Factbox: Big banks expected to rack up more than $1 billion in fines for WhatsApp use

Aug 22 (Reuters) – Banking giants such as JPMorgan Chase & Co (JPM.N) and Bank of America (BAC.N) collectively face more than $1 billion in regulatory fines for employees’ use of unapproved messaging tools, including email and apps like WhatsApp. The U.S. Securities and Exchange Commission (SEC) began probing banks’ record-keeping practices relating to the use of personal devices last year,…

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STMicroelectronics dördüncü rübdə satış artımını qeyd edir

LONDON, 26 yanvar (Reuters) – Avropalı çip istehsalçısı STMicroelectronics, güclü müştəri tələbindən faydalanaraq, çətin iqtisadi şərtlərə baxmayaraq, cümə axşamı dördüncü rübün satış gözləntilərini üstələdi. Xalis gəlir əvvəlki rübdəki 4,32 milyard dollardan 4,42 milyard dollara yüksəldi. Refinitiv Eikon-dan olan IBES məlumatlarına görə, analitiklər orta hesabla 4,32 milyard dollar satış əldə…

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North Korea says US drills threaten to turn region into 'critical war zone'

North Korea says not interested in talks if US remains hostile Statement warns against reaction to US military action American and South Korean fighter jets conducted drills on Wednesday SEOUL, Feb 2 (Reuters) – North Korea said on Thursday exercises by the United States and its allies have reached an “extreme red line” and threaten to turn the peninsula into a “major war arsenal and a more…

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Electric vehicles confront the leap to the mass market

Electric vehicles confront the leap to the mass market

DETROIT, Dec 15 (Reuters) – The past year was sobering for investors who poured money into Tesla Inc (TSLA.O) and rival electric vehicle startups that hoped to emulate Tesla CEO Elon Musk’s success. As interest rates rose and financial markets gyrated, shares in many EV startups deflated. Rivian Automotive Inc (RIVN.O), which had a higher market value than Ford Motor Co (FN) shortly after it went…

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Thomson Reuters raises sales outlook, citing strong core in slowing economy

Thomson Reuters raises sales outlook, citing strong core in slowing economy

The Thomson Reuters logo is seen on the company building in Times Square, New York, U.S., January 30, 2018. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, Aug 4 (Reuters) – Thomson Reuters Corp (TRI.TO) reported a better-than-expected profit on Thursday and raised its full-year revenue forecast, which it said reflected strength in its…

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China Evergrande CEO, CFO quit after real estate services unit probe

China Evergrande CEO, CFO quit after real estate services unit probe

July 22 (Reuters) – China Evergrande Group (3333.HK) said on Friday its chief executive and chief financial officer had resigned after a preliminary investigation revealed their involvement in the diversion of loans guaranteed by its listed unit to the group. The debt-ridden company was investigating how deposits worth 13.4 billion yuan ($1.99 billion) belonging to the unit, Evergrande Property…

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EU believes sabotage likely in leaking Russian gas pipelines

EU believes sabotage likely in leaking Russian gas pipelines

EU diplomat believes sabotage probably caused leaks Danish defence minister worried over Baltic Sea security Danish defence minister met with NATO chief in Brussels BERLIN/COPENHAGEN, Sept 28 (Reuters) – Any deliberate disruption to the EU’s energy infrastructure would meet a “robust and united response”, its top diplomat was quoted as saying on Wednesday after several states said two Russian…

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