ADVFN US – Market Content Editor
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JPMorgan to Launch Over 160 New U.S. Branches in 2026 – FT
JPMorgan Chase (NYSE:JPM) intends to open more than 160 additional bank branches across upwards of 30 U.S. states in 2026, according to a report by the Financial Times on Wednesday. The move forms part of a multibillion-dollar push to expand the lender’s physical footprint, with new locations planned in states such as North Carolina, South…
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Grandson of Reese’s Peanut Butter Cup Founder Challenges Hershey Over Ingredient Changes
The grandson of the inventor of the Reese’s Peanut Butter Cup has publicly questioned The Hershey Company (NYSE:HSY) over what he claims are alterations to the iconic candy’s ingredients. Brad Reese, grandson of H.B. Reese, posted an open letter on LinkedIn criticizing Hershey for allegedly substituting traditional components such as milk chocolate and peanut butter…
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Alcoa to Pay $39 Million Over Unauthorized Clearing of Australian Native Forest
Alcoa (NYSE:AA) will pay A$55 million (about $38.9 million) to restore areas of native forest it cleared without authorization in Western Australia for bauxite mining, the country’s environment ministry said Wednesday. The penalty relates to nearly 2,100 hectares (5,190 acres) of land in the Northern Jarrah Forest, located south of Perth, that were cleared between…
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Western Digital to Raise $3.17 Billion by Selling Part of Sandisk Stake to Reduce Debt
Western Digital (NASDAQ:WDC) is set to generate approximately $3.17 billion by divesting a portion of its holding in former subsidiary Sandisk (NASDAQ:SNDK), as part of efforts to lower its debt burden. Sandisk said Wednesday that the shares are being offered through a secondary sale at a 7.7% discount to the stock’s previous closing price. Under…
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Microsoft Plans $50 Billion Investment in Global South to Boost AI Infrastructure
Microsoft (NASDAQ:MSFT) said Wednesday it intends to invest $50 billion by the end of the decade to strengthen artificial intelligence capabilities across developing countries in the Global South. The announcement was made during an AI summit in New Delhi, where leaders from major technology firms are gathering alongside policymakers and heads of state. The Global…
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Qualcomm Commits Up to $150 Million to India-Focused AI Investment Fund
Qualcomm (NASDAQ:QCOM) announced Wednesday that it plans to allocate as much as $150 million to a new fund dedicated to backing artificial intelligence startups in India. The pledge comes as Qualcomm CEO Cristiano Amon attends the India AI Impact Summit in New Delhi, where he reaffirmed the company’s intention to deepen its engagement with India’s…
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Waymo Says Remote Staff Do Not “Directly” Operate Its Robotaxis
Waymo, the self-driving division of Alphabet (NASDAQ:GOOG), said Tuesday that its remote workers have not been used to directly control its robotaxis in U.S. service, as questions mount over the company’s reliance on overseas personnel. In a blog post, Waymo stated that about 70 “remote assistance agents” are on shift globally at any given time.…
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Fed Minutes in Focus; Palo Alto Networks Slides – Key Market Drivers: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. equity futures edged higher early Wednesday as investors prepared for the release of the Federal Reserve’s January meeting minutes and digested fresh corporate developments. Shares of cybersecurity firm Palo Alto Networks (NASDAQ:PANW) declined after issuing weaker-than-expected profit guidance. Meanwhile, Warren Buffett’s final quarter leading Berkshire Hathaway (NYSE:BRK.B) featured notable portfolio shifts, including trims to…
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Oil Narrows Declines as Markets Assess Developments in US–Iran Negotiations
Oil prices stabilized during Asian trading on Wednesday after sliding roughly 2% in the previous session, as traders evaluated signs of movement in U.S.–Iran discussions while remaining wary about the likelihood of a near-term agreement that could ease supply risks. By 0737 GMT, Brent crude futures had gained 15 cents, or 0.22%, to $67.57 a…
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Gold Rebounds as Dip Buyers Step In; Markets Await Fed Signals
Gold prices moved higher during Asian trading on Wednesday, recovering from the prior session’s decline of more than 2% as bargain hunters returned to the market. Investors also remained focused on upcoming signals regarding the Federal Reserve’s policy path. Spot gold gained 1.2% to $4,934.16 an ounce by 00:58 ET (05:58 GMT), while U.S. Gold…