By Svea Herbst-Bayliss and Aditya Soni New York, May 12 (Reuters) – EBay on Tuesday rejected a $56 billion takeover bid from the much smaller GameStop over financing doubts, calling the proposal “neither credible nor attractive.” EBay, which has roughly four times GameStop’s market value, also underscored that its turnaround efforts under CEO Jamie Iannone…
By Kenrick Cai, Deepa Seetharaman and Jonathan Stempel OAKLAND, California, May 12 (Reuters) – OpenAI Chief Executive Sam Altman on Tuesday rejected Elon Musk’s claim that he betrayed the ChatGPT maker’s founding mission to serve the public good, and said it was Musk who was interested in seizing control of OpenAI and making money from…
BofA Global Research is the latest brokerage to revise its Federal Reserve rate-cut forecast to much later dates, citing elevated inflation due to high energy prices and growing strength in the labor market. BofA Global Research now expects the Fed to remain on hold for the rest of this year, with two quarter-point cuts in…
Consumer prices rose 0.6% in April over the previous month, according to data released by the Bureau of Labor Statistics on Tuesday morning, in line with expectations and below March’s 0.9% increase. The inflation measure rose 3.8% year over year, exceeding expectations of 3.7% and March’s 3.3% reading. April’s year-over-year increase is the largest such jump since…
The story of Flex (FLEX) is suddenly looking very intriguing amid current AI infrastructure hype. FLEX stock saw a rally of 5% on May 5 and a 40% gain on May 6 following its recent earnings results and impressive fiscal 2027 guidance, as well as plans to spin off its Cloud and Power Infrastructure division….
By David Shepardson WASHINGTON, May 11 (Reuters) – Chinese wireless device manufacturer Quectel Wireless Solutions sued the Pentagon on Monday over its inclusion in a U.S. list of companies allegedly aiding Beijing’s military. The Pentagon added Quectel in January to a list of companies it says work with China’s military. However, Quectel strongly denied the…
Retirement often comes with a mix of relief and uncertainty, and sometimes, the uncertainty has nothing to do with the retiree. Imagine David, a 62-year-old in Columbus, Ohio, whose wife Linda (also 62) just marked 30 years at the same manufacturing company. She’s two months from retirement. She has a defined benefit pension — a…
Nymex West Texas Intermediate (WTI) crude oil (CLM26) prices on April 30 hit a high of $110.93 a barrel amid the closure of the Strait of Hurmuz that is choking off the global supply of oil. Crude oil is viewed as the leader of the raw commodity sector and its rising tide lifted many other…
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Millionaires and financial influencers love to hand out money advice. But not all of it holds up — and in some cases, following it could actually hurt your finances. Take Suze Orman’s claim that skipping coffee could potentially make…
UOB Private Bank has named Paul Zhou as its new market head for Greater China, as part of a broader push to scale its presence in the region. Zhou took on the new responsibility on 11 May 2026. In his new capacity, Zhou is tasked with leading the strategic development and expansion of the bank’s…
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