Steve Kopack (@SteveKopack) header
Steve Kopack (@SteveKopack) profile picture

Senior reporter at @NBCNews covering breaking news, finance, companies, economics, markets & more. Previously @CNBC. Usually some posts about UK & EU news, too.

Joined June 2008
(It’s mile 7.)
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FT “OpenAI has slashed the target for its latest funding round by $10bn…The ChatGPT maker was aiming to raise $30bn at a $1.4tn valuation last month…OpenAI is now seeking about $20bn at a $1.25tn valuation…” ft.com/content/7a3ad950-1b3b…
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Mark Carney says he will attend European Council in June, which is when he says the full details of the EU-Canada “associate member” status will have been outlined
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Steve Kopack retweeted
CapEx "meaningfully more" in 2027 for Amazon than the $220 billion this year
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🚨 BREAKING: EU countries have dropped the idea of offering Canada "associate member" status in the 27-member bloc, opting instead for softer language promising "ever closer association," according to a draft statement, seen by POLITICO. Full story: vist.ly/5qd4s
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Steve Kopack retweeted
JPMorganChase Spox tells me that the extra banks tax from @JohnHealey_MP @andyburnham "lacks principal" & overlooks "highly competitive global marketplace" for banking. But "committed" to UK. @jpmorgan @chase_uk @Chase Full statement: “We are committed to the country, and we recognise the cost of living challenges there and the global economic headwinds that it faces, but to single out this industry for additional taxes again, one of the UK's biggest generators of growth and jobs, lacks principle. It also overlooks that the banking industry operates in a highly competitive global marketplace.”
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Something the likes of JPMorgan Chase CEO Jamie Dimon, who is preparing to build one of the largest towers in London, have warned would be unfair. Dimon has said he could reconsider the multi-billion-pound project if the UK govt. was to be unfair to banks.
Banks are being forced to pay another 3% tax on profits for 15 months only
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That's twice Andy Burnham declined to rule out another referendum on Britain's relationship with the EU at PMQs.
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Exclusive: A major row is brewing at Heathrow Airport after bosses decided to move the American airline Delta from its current T3 home - sparking fury from its joint venture partner Virgin Atlantic Airways, which is now vowing to challenge the move. Full story online soon.
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Steve Kopack retweeted
A €3 billion financing package from the European Investment Bank to Airbus could reignite a long-standing trade dispute over subsidies to aircraft manufacturers, the US trade chief Jamieson Greer has warned. rapporteur.com/news/us-threa…
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Steve Kopack retweeted
Thursday's 10-year Treasury yield decline of 0.193 percentage point (to 4.952%) is the largest single day yield decline since March 10, 2023, which is the day Silicon Valley Bank failed.
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President Trump is directly tying waiving Russian sanctions to the release of the freed American Stephen Hubbard, despite denying he gave anything to Putin.
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