firm
By Arasu Kannagi Basil (Reuters) -Pony AI is seeking a valuation of up to $4.48 billion in its U.S. initial public offering, it said on Thursday, as the Chinese self-driving firm moves ahead with its long-sought plan for a New York listing. Pony, founded in 2016 and backed by Japanese…
(Reuters) – Nasdaq-listed electric vehicle maker VinFast (NASDAQ:) said on Wednesday it will get a fresh round of funding worth 85 trillion dong ($3.35 billion) from its founder and its parent firm, Vingroup by 2026, when it expects to break even. VinFast began operations in 2019 and has been expanding…
Reporters asked Jerome Powell whether he’d resign if President-elect Donald Trump asked him to.Powell responded with one word: “No.”Trump has been critical of Powell, but a president can’t legally fire a Fed official without cause. Federal Reserve Chair Jerome Powell has no plans to leave the central bank prematurely under…
Adrian Teh secured a job offer with a top UK law firm in August 2023, two years before graduating.But instead of taking a break, Teh interned at a US bank during his last summer off.He secured a return offer and is now opting for a career in investment banking instead.…
By Karen Freifeld and Fanny Potkin (Reuters) – Taiwan Semiconductor Manufacturing Company suspended shipments to China-based chip designer Sophgo after a chip it made was found on a Huawei AI processor, according to two people familiar with the matter. Sophgo had ordered chips from TSMC that matched the one found…
By Kevin Buckland TOKYO (Reuters) -Asian stocks traded cautiously on Friday after a mixed reading on the health of China’s economy, while Japanese markets were buoyed by a weaker yen. The dollar hovered close to an 11-week high versus major peers on Friday after robust U.S. economic data allowed for…
Jane Street is one of Wall Street’s most lucrative trading firms.It’s luring in the best talent with some of the most competitive salaries out there, even for its interns.Some internships at the firm offer a base salary equivalent to $250,000 annually. Lucrative trading firm Jane Street is one of Wall…
By David Shepardson WASHINGTON (Reuters) -The U.S. Federal Communications Commission said on Tuesday it was opening a formal inquiry into why broadband providers cap data use by some customers, and how it impacts consumers and competition. “For most people in the United States, rationing their internet usage would be unthinkable…
New York mag has hired a top media law firm to investigate the Olivia Nuzzi-Robert F. Kennedy Jr. matter.The probe, by Davis Wright Tremaine, concerns her relationship with RFK Jr. while reporting on the campaign.The scandal tests NY mag’s transparency and its top editor’s leadership amid a presidential election. It…
By Wayne Cole and Naomi Rovnick LONDON/SYDNEY (Reuters) -World stocks stuck around record highs as investors turned their attention to China and Switzerland as the next central banks to add vim to the global economy with rate cuts after last week’s decisive move by the U.S. Federal Reserve. Ahead of…
