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First Republic Bank Fails As Former Treasury Secretary Larry Summers Warns...
By Shanthi Rexaline First Republic Bank became the fourth failed bank on Monday as the FDIC took over the failed bank that closed and sold it to JPMorgan Chase. The decision upon the taken over by the...
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Charlie Munger Warns That The Fall Of Property Values With Banks Full Of Bad...
By Bibhu Pattnaik Berkshire Hathaway Inc. Vice Chairman Charlie Munger made a startling comment about the ongoing banking crisis in the U.S. during a recent interview. In an interview with the...
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Nikola Faces Weak Demand And Founder Dispute Amid Test Runs
By Anan Ashraf Electric truckmaker Nikola Corp (NASDAQ:NKLA) wrapped up its second day of test road trips on Thursday amid weak demand and a founder dispute. The EV manufacturer conducted test runs...
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Nordson To Acquire Precision Control Systems Firm ARAG For $1B
By Akanksha Bakshi Nordson Corporation has agreed to acquire ARAG Group and its subsidiaries in an all-cash transaction for €960 million (US$1 billion). ARAG is a global market and innovation leader...
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Warren Buffett’s Berkshire Hathaway Bumps Up Occidental Stake To 25% With...
By Shanthi Rexaline Warren Buffett’s Berkshire Hathaway, Inc. (NYSE:BRKA) (NYSE:BRKB) has added more Occidental Petroleum Corp. (NYSE:OXY) shares to its portfolio, according to filings by the...
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Swiss Taxpayers Spared From Funding UBS’ Rescue Of Credit Suisse
By Akanksha Bakshi Swiss taxpayers will not fund UBS Group’s (NYSE: UBS) rescue of Credit Suisse (NYSE: CS). The bank, which has faced a political backlash against the deal, inked a loss protection...
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Federal Judge Denies FTC’s Request To Block Microsoft’s Acquisition Of...
By Franca Quarneti Federal Judge Jacqueline Scott Corley has denied the Federal Trade Commission’s request for a preliminary injunction of Microsoft Corporation’s (NASDAQ: MSFT) acquisition of video...
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General Motors Bolsters Battery Technology With Acquisition Of ALGOLiON
By Abigail Klein Leichman Automotive giant General Motors has acquired substantially all the assets of Israel-based battery software startup ALGOLiON for an undisclosed sum. The acquisition was led by...
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Netflix Takes A Backseat In Live Sports As Streaming Competitors Ramp Up
By Chris Katje, Joseph Hammond and Alberto Arellano As the battle for sports rights heats up with more streaming companies entering the race, one of the largest streaming companies might be sitting on...
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PepsiCo’s Gatorade Acquisition Delivers Impressive Returns Over 22 Years
By Chris Katje, Judy Jesoro Rotich and Bhujaya Ray Chowdhury Beverage giant PepsiCo has made several acquisitions over the years, including one that brought Gatorade into its portfolio of drinks and...
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Activision Blizzard Reports Strong Q2 Results Amid Microsoft Deal
By Priya Nigam, Daisy Atino and Judy Jesoro Rotich Shares of Activision Blizzard Inc have been in focus on news of its deal with Microsoft Corp. Amid what promises to be an exciting earnings season...
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Ford’s Battery Facility Deal With CATL Under Scrutiny By U.S. House Committees
By Piero Cingari, Deborah Chukwuemeka Amirize and Judy Jesoro Rotich The alliance between Ford Motor Co and Contemporary Amperex Technology Co. Limited, CATL, has drawn the attention of two U.S. House...
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Banc Of California And PacWest Shares Volatile On Merger Announcement
By Ryan Gustafson, Newsdesk Manager and Judy Jesoro Rotich Banc of California, Inc. (NYSE: BANC) and PacWest Bancorp (NASDAQ: PACW) shares were volatile in after-hours trading Tuesday after a merger...
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PacWest And Banc Of California Agree To All-Stock Merger
By Adam Eckert, Newsdesk Manager and Alberto Arellano PacWest Bancorp (NASDAQ: PACW) and Banc Of California Inc (NYSE: BANC) entered into a definitive agreement late Tuesday to combine in an all-stock...
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NEOM McLaren’s GEN3 Race Car Sets Guinness World Record For Fastest Indoor Speed
By Anan Ashraf, Judy Jesoro Rotich and Eunice Anyango Anyango Oyule In a thrilling feat of speed and innovation, a modified GEN3 race car has claimed the Guinness World Record for the fastest speed...
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WhatsApp Founder Brian Acton’s Missed Opportunity At Facebook Leads To $3...
By Aaron Bry, Newsdesk Manager and Judy Jesoro Rotich In 2009, Brian Acton applied for a job at Facebook, now known as Meta Platforms Inc (NASDAQ: META). He’s lucky he didn’t get the gig. “Computer...
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Penn Entertainment Analysts On ‘Landscape-Changing’ Sports Betting Deal With...
By Chris Katje PENN Entertainment (NASDAQ: PENN) stock jumped after the market close Tuesday after the company unveiled a partnership with sports media company ESPN, second-quarter earnings and the...
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Disney CEO Bob Iger Says ESPN Bet Had Multiple Suitors Before The Penn...
By Chris Katje The sports betting sector was rocked when PENN Entertainment (NASDAQ: PENN) said Tuesday it’s partnering with The Walt Disney Company (NYSE: DIS) to launch an ESPN Bet-branded...
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Trump SPAC Deal Is Almost Over – Will Sept. 5 Be The Day Of Its Demise?
By Chris Katje A SPAC merger to bring Donald Trump’s media company public was announced back in October 2021, and the deal for the TRUTH Social platform has yet to close. The merger has faced many...
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Banks Contemplate Protective Measures Amid Financial Challenges Of Elon...
By Bibhu Pattnaik, Newsdesk Manager and Miriam Onyango Elon Musk’s acquisition of Twitter, now known as X, has led to unforeseen financial challenges. “This is just my strong, intuitive sense that...
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