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Raleigh construction firm Cardinal Infrastructure raises about $241.5 million in US IPO

Raleigh construction firm Cardinal Infrastructure raises about $241.5 million in US IPO

Dec 9 (Reuters) - Construction services provider Cardinal Infrastructure Group said on Tuesday it has raised about $241.5 million in its initial public offering in the United States.
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US stocks hold in place in the countdown to the Federal Reserve’s meeting on Wednesday

US stocks hold in place in the countdown to the Federal Reserve’s meeting on Wednesday

U.S. stocks largely held in place as Wall Street waits to hear what the Federal Reserve will say about interest rates
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US bank executives say AI will boost productivity, cut jobs

US bank executives say AI will boost productivity, cut jobs

By Tatiana Bautzer and Prakhar Srivastava NEW YORK, Dec 9 (Reuters) - U.S. banks including JPMorgan Chase and Wells Fargo said artificial intelligence will boost productivity at their companies and likely cause job losses.       
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JPMorganChase Appoints Todd Combs to Lead Strategic Investment Group for Security and Resiliency Initiative

JPMorganChase Appoints Todd Combs to Lead Strategic Investment Group for Security and Resiliency Initiative

JPMorganChase Appoints Todd Combs to Lead Strategic Investment Group for Security and Resiliency Initiative
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Top manager leaves Warren Buffett's Berkshire as incoming CEO names team

Top manager leaves Warren Buffett's Berkshire as incoming CEO names team

Incoming Berkshire Hathaway CEO Greg Abel is assembling his team to help him lead the conglomerate Warren Buffett built starting in January after a couple of key departures
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Wall Street ticks modestly higher ahead of Wednesday's interest rate decision by the Federal Reserve

Wall Street ticks modestly higher ahead of Wednesday's interest rate decision by the Federal Reserve

Wall Street ticked modestly higher ahead of a highly-anticipated interest rate decision later this week by the Federal Reserve
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US stocks hang near records ahead of a Federal Reserve meeting this week on interest rates

US stocks hang near records ahead of a Federal Reserve meeting this week on interest rates

U.S. stocks are hanging at the edge of their record heights as Wall Street waits to hear from the Federal Reserve later this week on what it will do with interest rates
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Wall Street edges back from its record heights

Wall Street edges back from its record heights

U.S. stocks are pulling away from their record heights
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Wall Street pulls back from its record heights

Wall Street pulls back from its record heights

U.S. stocks are pulling away from their record heights
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KeyCorp CEO doubles down on share buybacks, rules out acquisitions

KeyCorp CEO doubles down on share buybacks, rules out acquisitions

By Manya Saini Dec 9 (Reuters) - U.S. regional lender KeyCorp is not looking to pursue acquisitions despite consolidation in the industry and will use its excess capital for share buybacks, CEO Chris Gorman said on Tuesday.
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Medical supply firm Medline targets $55 billion valuation in blockbuster IPO

Medical supply firm Medline targets $55 billion valuation in blockbuster IPO

Dec 8 (Reuters) - Medical supplies giant Medline said on Monday it was targeting an up to $55.3 billion valuation in its hotly anticipated U.S. initial public offering that is expected to be 2025's biggest IPO.
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Robinhood to enter Indonesia with brokerage, crypto trader acquisition

Robinhood to enter Indonesia with brokerage, crypto trader acquisition

Dec 7 (Reuters) - Robinhood Markets will acquire Indonesian brokerage firm Buana Capital Sekuritas and licensed digital asset trader Pedagang Aset Kripto, marking the retail trading platform's entry into one of Southeast Asia's major crypto hubs, the company said in a blog post on Sunday.