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New UBS CEO plays down concerns over size of Swiss bank combination

(Reuters) – Incoming UBS Chief Executive Sergio Ermotti has sought to ease worries about the size of the new bank being created by its takeover of Credit Suisse.FILE PHOTO: Sergio Ermotti, newly rehired CEO of UBS Group AG attends a…

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Fox News Suffers Major Setback in Its Defamation Case

Fox News suffered a significant setback on Friday in its defense against a $1.6 billion defamation lawsuit that claims it lied about voter fraud in the 2020 election. A judge in Delaware Superior Court said that the case, brought by…

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AI will probably affect your job, according to new reports The Denver Post

Artificial intelligence (AI) is increasingly being integrated into workplaces across various industries, and it is having a significant impact on most jobs. While AI can improve efficiency, reduce costs, and enhance accuracy, it also poses a significant threat to many…

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Jamie Dimon Reprises 2008 Role as Rescuer of a Failing Bank

On March 10, just hours after Silicon Valley Bank collapsed, the hedge fund manager Bill Ackman hosted a dinner for about 20 people at his penthouse apartment in Manhattan. The dinner had been planned, and the boldface names were there…

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Alibaba, China’s E-Commerce Giant, Will Split Into Six Units

China’s Alibaba Group said on Tuesday that it would become a holding company with six different business groups, in a major reshuffle of the country’s biggest e-commerce firm. Alibaba described the restructuring was the “most significant” organizational overhaul in its…

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Binance Is Hiding U.S. Crypto Trading Activity, Regulator Says

Federal regulators sued Binance, the world’s largest cryptocurrency exchange, and two of its senior executives on Monday, alleging that in wooing business from American investors, they had chosen to “knowingly disregard” laws governing certain U.S. financial markets. In a suit…

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Jet Shook, Killing Ex-White House Aide, After Pilots Shut Off Key System, Report Says

A business jet carrying a former White House official this month pitched up and down in midair, causing her death, after pilots turned off a system that stabilizes the plane, the National Transportation Safety Board said in a preliminary report….

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The Fed Has Targeted 2% Inflation. Should It Aim Higher?

There’s rarely a convenient time for the Federal Reserve to openly debate whether its 2 percent inflation target makes sense. This isn’t that time, but the Fed better get ready. More urgent matters preoccupy the Fed right now. It is…

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The Younger Brother Caught in the Middle of the FTX Investigation

The money flowed freely at a pandemic-prevention organization run by the younger brother of Sam Bankman-Fried, the disgraced cryptocurrency mogul. Just over $375,000 financed a failed campaign in Colorado to increase taxes on cannabis sales in order to support pandemic…

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Next Stop for Andy Byford, Former New York Subway Chief: Amtrak

Train Daddy is back. Andy Byford, the former New York City subway chief who earned praise from riders and transit enthusiasts for improving an antiquated system that had been plagued by breakdowns and delays, is returning to American rail next…

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