James Gorman plans to step down as chief executive of Morgan Stanley next year after more than a decade at the helm of the Wall Street bank he turned into a wealth management giant. Gorman, 64, told the bank’s annual shareholder meeting on Friday that “the specific timing of the CEO transition has not been...
Category: Business
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A London court has dismissed a case against Google over medical records
LONDON, May 19 (Reuters) – Google on Friday dismissed a lawsuit brought on behalf of 1.6 million people over medical records provided to the U.S. tech giant by a British hospital trust. The Royal Free London NHS Trust transferred patient data to Google’s artificial intelligence firm DeepMind Technologies in 2015 in connection with the development...
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Somerset site ‘considering multi-billion pound gigafactory’
A deal to build an electric car battery factory in the UK is believed to be close to completion. The BBC understands that the Gigafactory for Jaguar Land Rover (JLR) will be built on Gravity Business Park in Somerset. Up to 9,000 jobs will be created at the site in Bridgwater, close to the M5....
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FTSE 100 holds head above water to finish week as consumer confidence improves
4.40pm: FTSE 100 above water At the close, the UK’s blue-chip index had bounced back to finish with its head above water at 7,757 points for a marginal 0.2% gain on the day. CMC’s Michael Hewson didn’t mince words, calling the FTSE’s performance this week “pathetic.” “The FTSE100 has once again been the laggard with weakness in...
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US stocks reversed on debt ceiling and regional bank concerns
Wall Street stocks quickly reversed course on Friday after U.S. policymakers stalled talks on a debt ceiling deal and jitters over the health of the U.S. regional banking sector returned. Investors bought U.S. Treasuries and lowered expectations that the Federal Reserve will raise interest rates in June after Chairman Jay Powell warned that tighter credit...
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Spirebit Trader Numbers Surge by 150% Amidst Innovative Features
In a seismic upheaval within the financial markets, Spirebit is emerging as the vanguard of a new era in online trading, as its trader registrations experience an extraordinary surge, skyrocketing by an impressive 150% in just the past six months. This surge, beyond industry expectations, cements Spirebit’s position as a trailblazer in the global financial...
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ByExer Expands Operations into the Asia-Pacific Region
In a strategic move to broaden its global footprint, financial brokerage firm ByExer has officially commenced full-scale operations of its trading and brokerage platform in Thailand. The expansion into the Asia-Pacific region marks a significant milestone for ByExer, reflecting its commitment to providing users in diverse geographical locations with seamless access to cryptocurrency trading. As...
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