TAG · Economy
Netflix reported second-quarter earnings Thursday that beat analyst expectations on profit, with revenue growing 13% to $12.56 billion, but the streaming company's shares fell more than 7% in after-hours trading after it forecast…
2026-07-16 · 3 MIN READVerizon Communications said Thursday it will lay off about 3,000 workers and sell 274 company-owned retail stores to franchise owners, according to a company spokesman.
2026-07-16 · 3 MIN READMicrosoft's Xbox division is laying off about 3,200 employees and divesting five game studios, with CEO Asha Sharma calling for a "reset" of the business after the company spent more than $80 billion acquiring studios and bringing…
2026-07-16 · 3 MIN READMore than 49,000 Americans reported losing a collective $1.3 billion to romance scams last year, a record high that represents at least a 14% increase from the prior year, according to Federal Trade Commission data shared with the…
2026-07-16 · 3 MIN READFive of the biggest U.S. banks reported record profits on Tuesday, driven by a surge in trading activity amid market volatility from the ongoing Iran war and by a resilient American consumer, according to an Associated Press report.
2026-07-14 · 3 MIN READThe Texas Stock Exchange began trading small stock symbols Friday, opening a new U.S. stock exchange amid a long-standing New York Stock Exchange and Nasdaq duopoly. TXSE, pronounced "tex-ee," started real trading at 9:30 a.m. after…
2026-07-11 · 3 MIN READAnalysts on Tuesday assessed a pair of major health care moves — ResMed's $490 million divestment of its aged-care business and Vertex Pharmaceuticals' nearly $10 billion acquisition of Crinetics Pharmaceuticals — while flagging…
2026-07-08 · 4 MIN READeasyJet's board indicated support for U.S. investment group Castlelake's £6.90-a-share takeover proposal that would take the airline private in a deal valued at about $7 billion, according to Dow Jones Newswires reports on Tuesday.
2026-07-07 · 3 MIN READEzcorp, a pawnshop chain operating more than 600 locations across the U.S. and Puerto Rico, saw its overall pawn loans jump 33% to $349 million in the three months through March, as the company reported rising demand from cash-strapped…
2026-07-06 · 4 MIN READGenesis Minerals has made a US$3.9 billion rival bid for Australian gold miner Vault Minerals, topping an agreed merger with Regis Resources. Vault's directors unanimously found the Genesis offer superior, triggering a five-day window for…
2026-07-06 · 3 MIN READEasyJet reached an agreement in principle Sunday with U.S. investment firm Castlelake on a sweetened £6.90-per-share takeover bid that values the British budget carrier at approximately £5.2bn, ending a weekslong pursuit by the American…
2026-07-05 · 3 MIN READBen Francis, the 34-year-old founder and CEO of Gymshark, is in discussions to buy back a portion of the 21% stake he sold to US private equity firm General Atlantic in 2020, according to reports. Francis is not seeking to repurchase the…
2026-07-03 · 3 MIN READU.S. private equity firm Apollo has entered the bidding war for easyJet with a £5.7 billion cash offer, topping a rival deal from Castlelake that the budget airline's board had agreed to just days earlier. easyJet's board said Friday it is…
2026-07-10 · 3 MIN READSouth Korea's government on Friday announced a 14.9 trillion won ($9.7 billion) emergency financing package and expanded tax and trade-insurance support for small and midsize companies facing rising import costs due to the weak won,…
2026-07-03 · 3 MIN READ
CVC Capital Partners has agreed to acquire Irca, an Italian manufacturer of ingredients for the pastry, bakery, chocolate and ice cream industries, from private-equity firm Advent International, the companies said Monday. Under Advent's…
2026-06-29 · 3 MIN READWarnings that the artificial-intelligence sector has entered speculative bubble territory have mounted over the second quarter of 2026, with analysts, investors, and technology observers drawing comparisons to the dot-com era as U.S. stock…
2026-06-27 · 3 MIN READWise Group shares jumped 8% in European trading Friday, leading the Stoxx 600 index, after the payment processor reported a fiscal 2026 pretax profit that beat analyst expectations and announced a new $500 million share buyback program.
2026-06-26 · 3 MIN READWelltower CFO Tim McHugh received a $167 million pay package in 2025, making him the highest-paid finance chief among major U.S. companies, according to a Wall Street Journal Leadership Institute analysis of data from public-company data…
2026-06-23 · 4 MIN READEide Bailly, the 18th-largest U.S. accounting firm, has agreed to sell a majority stake to private-equity firm Reverence Capital Partners and co-investors in a deal valued at about $1.8 billion, people familiar with the matter said. The…
2026-06-23 · 4 MIN READAlimentation Couche-Tard reported a fourth-quarter profit of $863.4 million, up 96% from a year earlier, as same-store sales growth and higher fuel margins offset lower fuel volumes in the U.S. and Europe.
2026-06-22 · 3 MIN READAnalysts issued research notes Monday on a range of basic-materials companies, covering Symrise's growth outlook, PLS Group's expansion spending, Regis Resources' revived gold project, SGH's buyback signaling, and a new bull case for BCI…
2026-06-22 · 3 MIN READStrategy chairman Michael Saylor has sold more than $10 billion in a novel type of preferred stock to fund the company's bitcoin purchases — a financing method that carries mounting risks as the company's market value has fallen by roughly…
2026-06-22 · 3 MIN READCastlelake said easyJet's board rejected its third takeover bid, valued at £4.74 billion ($6.27 billion), but the U.S. investment firm urged shareholders to consider the offer as it seeks to take the budget airline private amid industry…
2026-06-22 · 3 MIN READYum! Brands has agreed to sell the Pizza Hut chain for a total of $2.7 billion, according to a Wall Street Journal report published June 20. The deal splits the brand: private-equity firm LongRange Capital will acquire the U.S. and…
2026-06-20 · 3 MIN READKorean Air Co. said Friday the cost of integrating Asiana Airlines Inc. could reach as high as 1 trillion won (US$654.02 million), with annual synergy savings expected to fully offset the expense by the end of 2028 or early 2029.
2026-06-19 · 3 MIN READPrivate-equity firm Arcline Investment Management has agreed to acquire data-visualization and printing technology company AstroNova for about $272 million, taking it private. Arcline will pay $29 in cash for each AstroNova share, a…
2026-06-17 · 3 MIN READTwo London-based dealmakers at Warburg Pincus are preparing to leave the U.S. buyout giant later this year to set up their own private-equity firm, according to people familiar with the situation.
2026-06-16 · 3 MIN READYum! Brands announced Tuesday it is selling its struggling Pizza Hut division in a deal valued at $2.7bn (£2bn). Private equity firm LongRange Capital will acquire the brand outside mainland China for $1.5bn, while Yum China Holdings will…
2026-06-16 · 3 MIN READAustralian pharmacy giant Sigma Healthcare has ended its pursuit of the UK drugstore chain Boots, saying the deal no longer met its strategic or capital-investment objectives.
2026-06-14 · 3 MIN READIndex providers including Nasdaq and FTSE Russell are speeding up the inclusion of SpaceX and other megacap initial public offerings, adding the rocket company to major benchmarks as soon as five trading days after its debut rather than…
2026-06-14 · 5 MIN READThe share of credit-card balances that are seriously delinquent has climbed to near the level seen after the 2008 global financial crisis, but the overall picture of American consumer debt is more nuanced than that headline figure…
2026-06-13 · 4 MIN READAssets in leveraged exchange-traded funds have doubled over the past two months and now number more than 500 individual funds in the U.S. alone, according to Goldman Sachs. The explosive growth has come as retail investors pile into…
2026-06-12 · 5 MIN READCitigroup launched a blockchain-based venture Thursday that allows its wealthy and institutional clients to trade private-company shares as tokenized depositary receipts. The venture is initially available to foreign investors, with U.S.…
2026-06-11 · 3 MIN READPresident Donald Trump on Wednesday nominated Brian Johnson, a former deputy director of the Consumer Financial Protection Bureau and a current Capital One executive, to lead the agency, according to the Associated Press.
2026-06-10 · 3 MIN READDeutsche Bank raised its recommendation on easyJet to hold from sell, saying the investment firm Castlelake’s existing 2.14% stake and commercial relationship with the discount carrier makes its takeover interest significant. Separately,…
2026-06-10 · 3 MIN READCasey's General Stores posted a fiscal fourth-quarter profit of $162.7 million, more than 65% above the year-ago period, as strong demand for whole pizzas and other prepared foods drove inside-store sales growth and the convenience store…
2026-06-09 · 3 MIN READIntesa Sanpaolo launched a takeover offer for Banca Monte dei Paschi di Siena on Monday, setting up a bidding war with Banco BPM, which had proposed a merger of equals. Shares of Monte dei Paschi jumped 12% on the news, while Intesa fell…
2026-06-08 · 3 MIN READInitial public offerings deliver average first-day gains of about 19% for investors who buy at the offering price, but historical data shows that buying an IPO at the end of its first trading day and holding it for three years…
2026-06-08 · 3 MIN READThe largest U.S. banks plan to launch a tokenized deposit network in the first half of 2027, an effort to counter the threat from crypto companies and stablecoins, according to a person familiar with the plan reported by The Wall Street…
2026-06-04 · 3 MIN READLloyds Banking Group apologized Wednesday after an IT glitch left thousands of customers across its brands — Lloyds Bank, Halifax, Bank of Scotland, Scottish Widows and MBNA — unable to make payments, send money or access their accounts…
2026-06-03 · 3 MIN READNovo Nordisk has launched its oral Wegovy obesity pill in the United Arab Emirates, marking the drugmaker's first expansion of the pill version beyond the United States. Separately, Canadian generic-drug manufacturer Apotex Health moved…
2026-06-03 · 4 MIN READA group of Democratic lawmakers, including Senators Bernie Sanders and Elizabeth Warren and Representative Bobby Scott, are opposing a Trump administration proposal that would allow 401(k) retirement plans to invest in cryptocurrency,…
2026-06-02 · 3 MIN READHyperliquid, a decentralized crypto platform founded three years ago by former Hudson River Trading quantitative trader Jeff Yan, has become a 24/7 trading venue where Wall Street traders place leveraged bets on perpetual futures for crude…
2026-06-02 · 4 MIN READShake Shack scaled back its second-quarter financial guidance on Tuesday, projecting revenue of $415 million to $420 million and same-store sales growth of 2.5% to 3%, as Chief Executive Rob Lynch cited macroeconomic uncertainty and a…
2026-06-02 · 3 MIN READSignet Jewelers, the owner of Kay, Zales, and Jared, reported higher first-quarter sales and lifted the low end of its full-year outlook Tuesday, as adjusted earnings topped analyst estimates. The company also announced a $50 million stock…
2026-06-02 · 3 MIN READPrivate-equity firms are turning to a recovering initial public offering market to exit a backlog of nearly 33,000 unsold portfolio companies, betting on the strongest start to a year by total deal value since 2021 to clear a logjam that…
2026-06-01 · 3 MIN READBarry Diller's People Inc. offered Monday to acquire the remaining shares of MGM Resorts for $48.30 per share in cash, in a nonbinding proposal that would take the casino operator private and value the company at roughly $12.4 billion.
2026-06-01 · 3 MIN READShares in the international money transfer service Wise dropped more than 10% on Monday after the company confirmed it is responding to queries from Belgian prosecutors investigating its anti-money-laundering controls. Wise said the…
2026-06-01 · 3 MIN READPeople Inc, the digital media company chaired by Barry Diller, announced Monday it has proposed to acquire the remaining shares of casino operator MGM Resorts International in a deal that values the company at more than $18 billion. The…
2026-06-01 · 3 MIN READBelgian prosecutors are investigating UK money transfer company Wise over suspicions that criminals used its accounts to facilitate illicit fund movements. The probe focuses exclusively on the firm's European operations and is nearing its…
2026-06-01 · 3 MIN READWealth advisors and family offices are expanding specialized retreats for heirs of the ultra-rich as the United States navigates a historic period of wealth creation and intergenerational transfer. Programs like the Austin-based seminar…
2026-06-01 · 4 MIN READOpenAI and Anthropic are both preparing to go public, and the order in which they reach the stock market could materially affect their futures and the next phase of the artificial-intelligence investment boom, according to a Wall Street…
2026-06-01 · 3 MIN READSingapore-based GLP is planning to raise as much as $3 billion through an initial public offering in Hong Kong, with the listing targeted for the fourth quarter of 2026, according to people familiar with the matter.
2026-06-01 · 3 MIN READA UK recruitment executive who repurchased the assets of his collapsed company despite it owing £2.9 million has fallen behind on promised payments to creditors, shortly after his restructured firm announced it would fund an…
2026-05-31 · 3 MIN READArm's chief executive, Rene Haas, is in line for a compensation package that could exceed $1 billion if the chip designer hits market capitalization milestones stretching to $2 trillion by 2031, according to a filing with the U.S.…
2026-05-31 · 3 MIN READU.S. prosecutors charged a Google software engineer with insider trading on Wednesday, alleging the employee used confidential company search data to win more than $1.2 million in wagers on the prediction platform Polymarket.
2026-05-28 · 3 MIN READPayPal said its core online checkout business is barely growing and will require “significant changes” to fix, as the San Jose, California-based payments pioneer faces intensifying competition from Apple Pay, Shopify, buy now, pay later…
2026-05-27 · 3 MIN READBP abruptly removed Chairman Albert Manifold on Tuesday, less than a year into his tenure, after the board uncovered what it described as serious governance and conduct issues. The board was “surprised and disappointed” by the matters,…
2026-05-27 · 3 MIN READThe S&P 500 and Nasdaq composite closed at all-time highs Tuesday as Wall Street caught up with global gains on optimism over U.S.-Iran ceasefire negotiations, while oil prices rose 3.5% on continued fighting in the region.
2026-05-26 · 3 MIN READBP said it has ousted Chairman Albert Manifold after what the oil company described as serious concerns about governance oversight and conduct. The board named Ian Tyler as interim chair effective immediately, and BP said it would search…
2026-05-26 · 3 MIN READJohn Hancock’s Vitality program rewards life insurance customers with points for healthy behaviors such as going to the gym, buying healthy foods, tracking sleep, and getting preventive screenings. The program converts those points into…
2026-05-25 · 3 MIN READTreasury bond yields rose sharply this week, with 30-year rates topping 5%, and economists say the move reflects persistent inflation, larger government deficits and a political shift toward populism that limits deficit reduction. NPR’s…
2026-05-23 · 3 MIN READEverlane said it is being acquired by Shein, the fast-fashion giant founded in China, in a deal announced to employees by Everlane CEO Alfred Chang. Analysts said the acquisition could help Everlane financially as sales slow and debt…
2026-05-23 · 3 MIN READSingle Gen Z women are buying more homes than single Gen Z men, according to National Association of Realtors data covering July 2024 to June 2025. In that period, single Gen Z women accounted for 35% of homebuyers in their generation,…
2026-05-23 · 4 MIN READThe federal jury at a trial in Oakland, California, dismissed Elon Musk’s lawsuit against OpenAI after finding it missed a statutory deadline, leaving no verdict on the merits. Testimony during the three-week case, pitting Musk against…
2026-05-23 · 3 MIN READSpaceX on Wednesday disclosed plans for an initial public offering that could become one of the largest stock sales ever, with Elon Musk seeking to take the company public while it continues to post large losses. A U.S. filing shows SpaceX…
2026-05-22 · 4 MIN READSpaceX has filed prospectus documents for a proposed initial public offering that it says could be the largest ever, with Elon Musk’s plan tied to milestones for a future compensation package. The filing includes detailed financial…
2026-05-22 · 3 MIN READPresident Donald Trump oversaw the White House swearing-in of new Federal Reserve Chair Kevin Warsh on Friday, using the ceremony to call for help stimulating the economy while asserting that the central bank's independence would be…
2026-05-21 · 3 MIN READElon Musk announced plans for SpaceX to raise money by taking the company public, according to a U.S. filing made public this week. The prospectus shows SpaceX is still losing billions of dollars even as it lays out a path tied to…
2026-05-21 · 3 MIN READNvidia reported quarterly earnings and revenue that surpassed Wall Street forecasts, citing strong demand for its high-end AI chips. In results for the February-April period, the company earned $58.32 billion, or $2.39 per share, and…
2026-05-21 · 3 MIN READU.S. stocks rose Wednesday after pressure eased from the bond market and oil prices gave back some of their earlier gains, the Associated Press reported. The S&P 500 climbed 1.1% for its first rise in four days, and the Dow and Nasdaq also…
2026-05-20 · 3 MIN READUS stocks fell again Tuesday, giving back part of a rally that had pushed major indexes to recent highs. The S&P 500 slid 0.7% for a third straight day, while the Dow fell 322 points and the Nasdaq lost 0.8%, as Treasury yields rose after…
2026-05-20 · 3 MIN READPresident Donald Trump on Monday announced that more than 600 generic medications are being added to TrumpRx, the government’s discounted-drug website aimed at easing costs for patients. The expansion, he said, is made possible through…
2026-05-19 · 3 MIN READBerkshire Hathaway more than tripled its investment in Alphabet and bought more than $2.6 billion worth of Delta Airlines stock as Greg Abel settles into his role as CEO, according to a Securities and Exchange Commission filing. The Omaha,…
2026-05-16 · 3 MIN READBerkshire Hathaway more than tripled its investment in Google parent Alphabet and bought over $2.6 billion in Delta Air Lines stock during the first quarter of 2026, the first portfolio disclosures since Greg Abel succeeded Warren Buffett…
2026-05-16 · 3 MIN READWall Street rose to more records Thursday as Cisco Systems reported stronger-than-expected profits and revenue, helping push the S&P 500 to an all-time high for a second straight day. The Dow Jones Industrial Average climbed back above…
2026-05-15 · 3 MIN READOn Wednesday, the U.S. Senate confirmed Kevin Warsh to chair the Federal Reserve, replacing Jerome Powell after a contentious selection process that saw President Donald Trump publicly pressure the central bank for lower interest rates and…
2026-05-14 · 4 MIN READSenate confirms Kevin Warsh as next chair of the Federal Reserve, putting a former governor in charge as the central bank faces inflation pressure and a fresh political fight over rate cuts. The move follows delays tied to a Justice…
2026-05-14 · 3 MIN READThe U.S. government has agreed to settle an SEC lawsuit accusing Indian billionaire Gautam Adani and his nephew of misleading investors about alleged bribery tied to Adani Green Energy’s solar project in India, according to court filings…
2026-05-14 · 3 MIN READ
