Feb 27, 2024
Apollo co-founder Leon Black sells stock worth $172.8 million

(Reuters) - Billionaire and co-founder of Apollo Global Management Leon Black has sold shares worth about $172.8 million in the private equity firm, nearly three years after stepping down as its chief executive. He sold 1.55 million shares earlier this…

Feb 27, 2024
Bitcoin scorches past $57,000 as big buyers flock in

By Hannah Lang and Amanda Cooper WASHINGTON/LONDON (Reuters) -Bitcoin hit a two-year high on Tuesday, on track for its biggest two-day rally this year, on signs large players were buying the cryptocurrency, while smaller rival ether topped $3,200 for the…

Feb 27, 2024
Electrified vehicles are becoming more popular in US, survey says

(Reuters) - Electrified vehicles including hybrids and fully electric are becoming more desirable than their gasoline counterparts, influential U.S. magazine Consumer Reports said on Tuesday, while adding seven of them to its top-ten picks for 2024. Four of Toyota's electrified…

Feb 27, 2024
Zoom Video shares gain on strong results, $1.5-billion buyback

(Reuters) -Zoom Video Communications' shares gained more than 7% in early trading on Tuesday after the company delivered better-than-expected results and announced a share buyback of up to $1.5 billion. At the current price of $67.3, the company added over…

Feb 26, 2024
TSX ends lower as investors brace for bank earnings

By Fergal Smith (Reuters) -Canada's commodity-linked main stock index pulled back from a 22-month high on Monday as metal prices fell and investors turned cautious ahead of earnings reports this week from major domestic banks. The Toronto Stock Exchange's S&P/TSX…

Feb 26, 2024
Dollar dips at the start of heavy week of data

By Caroline Valetkevitch NEW YORK (Reuters) -The dollar was mostly lower on Monday ahead of U.S. durable goods orders and an inflation reading this week that could provide more information on how soon the Federal Reserve may begin cutting interest…

Feb 26, 2024
Microsoft partners with OpenAI’s French rival Mistral

By Yuvraj Malik and Krystal Hu (Reuters) -Microsoft will make French startup Mistral AI's artificial intelligence models available through its Azure cloud computing platform under a new partnership, the companies said on Monday. The multi-year deal signals Microsoft's efforts to…

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