Bank of America’s second-quarter profit fell as income from interest on loans shrank and provisions for potential credit losses jumped, but a better-than-expected forecast for net interest income sent the bank’s shares higher in premarket trade.
SymphonyAI, a U.S. artificial intelligence company whose products help the likes of Pepsi predict demand and financial companies spot fraud, is preparing to go public in the second half of next year, its chief executive said in an interview.
Leonardo is working with France’s Thales and Airbus on a joint strategy for the space sector, the head of the Italian aerospace and defence group said on Tuesday.
Cold storage real estate investment trust Lineage said on Tuesday it was targeting a valuation of up to $19.16 billion in its initial public offering in the United States.
Britain’s competition regulator has started a formal investigation into Microsoft’s hiring of some former staff of Inflection AI and its entry into associated arrangements with the startup, it said on Tuesday.
Italy has held off approval of a decree to sell a stake in Poste Italiane , people familiar with the matter told Reuters, following resistance from ruling and opposition parties to loosen the state’s grip on key public services.
PricewaterhouseCoopers (PwC) is considering slashing up to half its financial services auditing staff in China, two people with knowledge of the matter said, as a regulatory investigation and an exodus of clients darken business prospects.
Freed from its ties to Russia, newly unveiled Dutch firm Nebius hopes to help lead the great drive to build the infrastructure underpinning artificial intelligence, founder Arkady Volozh, who previously set up Russian tech giant Yandex, told Reuters.
Futures tied to the S&P 500 and the Nasdaq climbed on Tuesday as investors perused a set of corporate earnings including Bank of America and awaited monthly retail sales numbers for insight into where U.S. inflation currently stands.
