By Nivedita Balu, Arasu Kannagi Basil (Reuters) -TD Bank on Thursday said it would lay off 2% of its workforce to cut costs and scale up its digital and AI investments, as the bank restructures following its historic anti-money laundering settlement under new CEO Ray Chun. The layoff involving some 2,000 employees is part of a new restructuring program that will help TD save up to C$650 million ($ ...
LONDON (Reuters) -U.S. President Donald Trump threatened once again on Friday to ramp up his trade war, recommending a 50% tariff on European Union goods starting June 1 and warning Apple (NASDAQ:AAPL) he may impose a 25% tariff on any iPhones manufactured outside the U.S. Here is some reaction to the EU tariff news: VOLVO CARS CEO HAKAN SAMUELSSON IN AN INTERVIEW WITH REUT ...
Investing.com -- Baird lifted its rating for shares of Wix (NASDAQ:WIX).com to Outperform in a note Friday, lowering its price target for the stock to $190 from $215 a share.The firm pointed to improvements to the company’s platform, more reasonable investor expectations, and favorable long-term fundamentals.“We are adopting a constructive stance on WIX because: 1) the product is becoming ...
Investing.com – Morocco stocks were lower after the close on Friday, as losses in the Utilities, Banking and Mining sectors led shares lower.At the close in Casablanca, the Moroccan All Shares lost 0.11%.The best performers of the session on the Moroccan All Shares were Ste de Travaux de Realisation d’Ouvrages et de Constuction Industielle SA (CSE:STR), which rose 10.00% or 6.73 points to trad ...