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Morgan Stanley’s co-head of investment banking Assomull expects more financial M&A

NEW YORK, Dec 3 (Reuters) - Morgan Stanley is seeing a strong deals pipeline across sectors for next year, including M&A and IPO transactions, the bank's co-head of investment banking, Mo Assomull, said at a Reuters Next panel on Wednesday. Assomull said more demand for ...
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Snowflake beats revenue estimates, signs $200 million AI deal with Anthropic

Dec 3 (Reuters) - Snowflake reported third-quarter revenue above analysts' estimates on Wednesday and signed a $200 million partnership with artificial intelligence firm Anthropic to deepen AI integration across its data cloud platform. Businesses have been implementing generative AI strategies and building applications that leverage ...
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Trading Day: Fed hopes fire risk rally

By Jamie McGeever ORLANDO, Florida, Dec 3 (Reuters) - Stocks rose while U.S. bond yields and the dollar fell on Wednesday, after surprisingly weak private sector jobs data increased the likelihood that the Federal Reserve will lower interest rates again next week. More on that ...
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Americans gave $4B on GivingTuesday 2025 as donations and volunteering gain big over last year

Americans gave $4 billion to nonprofits on GivingTuesday in 2025, an increase from the $3.6 billion they gave in 2024, according to estimates from the nonprofit GivingTuesday. More people also volunteered their time on the Tuesday after Thanksgiving this year, which fell on Dec. ...
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Bond investors warned of Hassett as potential Fed chair over rate-cut fears, FT reports

Dec 3 (Reuters) - Bond investors have expressed concerns to the U.S. Treasury that Kevin Hassett could aggressively cut interest rates to align with President Donald Trump's preferences, the Financial Times reported on Wednesday, citing several people familiar with the conversations. The discussions with executives ...
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Shari Redstone’s new media venture matches her passion for telling authentic stories about Israel

By Dawn Chmielewski NEW YORK, Dec 3 (Reuters) - Shari Redstone's exit from the media world was decidedly brief. Within a month of the sale of the family's stake in Paramount Global, Redstone in September was named chair of the Israeli entertainment company Sipur, whose projects ...
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Adidas defeats appeal of lawsuit over imploded Ye partnership

By Jonathan Stempel Dec 3 (Reuters) - Adidas defeated an appeal on Wednesday by U.S. shareholders who said the footwear and apparel maker fraudulently concealed antisemitic and other improper behavior by Ye, formerly known as Kanye West, before its partnership with the rapper and fashion ...
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Brazil judge orders government to add JBS subsidiary to ‘dirty list’ for slavery

By Fabio Teixeira RIO DE JANEIRO, Dec 3 (Reuters) - A federal labor judge in Brazil ordered the government to add a poultry unit of meatpacker JBS to a so-called "dirty list" of employers responsible for subjecting workers to slavery-like conditions, according to a Tuesday ...
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Grand Canyon cancels overnight stays at South Rim lodges because of water-line breaks

Plans to stay and soak in the wintry wonderland at the Grand Canyon's South Rim? You will have to wait. Visitors won't be able to stay overnight in the national park's oldest hotel or its lodges starting Saturday because of multiple breaks in the park's ...
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EU aims to improve defences against economic threats, such as China export curbs

By Philip Blenkinsop BRUSSELS, Dec 3 (Reuters) - The European Commission on Wednesday unveiled plans to boost EU resilience to threats like rare earth shortages by strengthening trade measures and adding new economic security tools. The plans mark the culmination of Europe's slow realisation that it ...
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Trump-CBS lawsuit settlement was ‘right decision’, says former Paramount chair Shari Redstone

By Harshita Mary Varghese and Dawn Chmielewski Dec 3 (Reuters) - Media mogul Shari Redstone said on Wednesday that Paramount made the "right decision" by agreeing to pay $16 million to settle a lawsuit filed by U.S. President Donald Trump against CBS over a "60 ...
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HSBC’s long-term vision called into question after Nelson appointment

By Lawrence White LONDON, Dec 3 - HSBC's appointment of Brendan Nelson as chairman on a permanent basis raises questions about the Asia-focused bank's succession planning and long-term vision, corporate governance experts and analysts said on Wednesday. Nelson's elevation from interim chairman after HSBC spent more ...
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