Markets may be repeating the mistake of 2019, Goldman Sachs warns
Investing.com — Markets may be ignoring an important lesson of 2019, according to Goldman Sachs. The Wall Street bank said in a note that the upcoming January Federal Open Market…
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Category: Business
How billionaire Caltagirone could influence Italy’s banking M&A wave
MILAN (Reuters) -Italian billionaire Francesco Gaetano Caltagirone has emerged as a leading player in the reshaping of Italy’s financial sector that is currently under way. BATTLES IN GENERALI AND MEDIOBANCA…
How Italy’s MPS went from near collapse to bid for revered merchant bank
By Valentina Za, Gianluca Semeraro and Mathieu Rosemain MILAN (Reuters) -Monte dei Paschi (MPS) CEO Luigi Lovaglio has pulled several all-nighters since arriving in Siena in early 2022, when Italy’s…
Airbus says most of its recalled 6,000 A320 jets are now modified
PARIS — Airbus fleets were returning toward normal operations on Monday after the European plane maker pushed through abrupt software changes faster than expected, as it wrestled with safety headlines…
Apple’s AI chief abruptly steps down
Apple’s top artificial intelligence executive is stepping down and will retire in 2026, the company announced Monday. John Giannandrea had been at Apple since 2018, where his official title was…
Starbucks to pay about $35M to NYC workers to settle claims it violated labor law
Starbucks will pay about $35 million to more than 15,000 New York City workers to settle claims it denied them stable schedules and arbitrarily cut their hours, city officials announced…
Dell family donation to offer 25 million kids $250 to open ‘Trump accounts’
Tech billionaires Michael and Susan Dell announced Tuesday that they are pledging $6.25 billion to create some 25 million additional ‘Trump Accounts’ for children across the country. These accounts will…
Prada Group says it has purchased fashion rival Versace in a deal worth nearly $1.4 billion
MILAN — The Prada Group announced Tuesday that it has officially purchased Milan fashion rival Versace in a 1.25 billion euro (nearly $1.4 billion) deal that puts the fashion house…
Shopify says a daylong Cyber Monday outage has been resolved
Outages on Shopify’s e-commerce platform have been resolved, the company said late Monday, bringing to an end a daylong glitch on the annual ‘Cyber Monday’ shopping day. Some merchants that…