UK regulators fined Citigroup 61.6 million pounds ($78.5 million) for controls failings in its trading operations, one of the biggest sanctions for systems breaches, which in one case saw the Wall Street firm cause a sudden fall in European stocks. The Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA), the markets watchdog, both probed and fined Citigroup over
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The Posts owner News Corp agreed to a landmark content licensing deal with artificial intelligence giant OpenAI, the firms announced Wednesday. The agreement allows the ChatGPT creator to use current and archived content produced by News Corp-owned publications — which also include the Wall Street Journal, Barrons, The Sun and The Times of London —
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Nvidiaforecast quarterly revenue above estimates on Wednesday and announced a stock split, lifting its shares to record-high territory and impressing investors who have tripled the chipmaker’s market value in the past year on AI optimism. Nvidia shares jumped 5.9% to $1,005 in extended trade, peaking above the psychologically important $1,000 mark and adding about $140 billion
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Goldman Sachs CEO David Solomon said Wednesday he does not expect the Federal Reserve to cut interest rates this year. “I’m still at zero cuts,” Solomon said at a Boston College event. “I think we’re set up for stickier inflation.” His comments came after Federal Reserve policymakers said on Tuesday the central bankshould wait several more monthsto ensure that inflation
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GRASS VALLEY, Calif. Here in the rugged foothills of Californias Sierra Nevada, the streets arent littered with needles and dealers arent hustling drugs on the corner. This story also ran on Los Angeles Times. It can be republished for free. Are you covered by Medi-Cal? We want to hear about your experiences and, with your
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The oldest president in American history has a problem with the nations youngest voters. Support from voters under 30 has powered every Democratic presidential victory for the past half century; Joe Biden carried the demographic by 24 points in 2020, his biggest margin of any age group. But according to several recent surveys, the presidents
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