Business News
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BlackRock has a handshake deal to buy HPS Investment Partners, as the world’s largest asset manager looks to bolster its alternative investment business with the addition of one of the biggest private credit groups on … Read more
The US Federal Trade Commission has opened an antitrust investigation of Microsoft Corp., drilling into everything from the company’s cloud computing and software licensing businesses to cybersecurity offerings and artificial intelligence products. After more than a year of conducting informal interviews with competitors and business partners, antitrust enforcers have crafted a detailed request to force … Read more
Nvidia (NASDAQ: NVDA) recently reported another blowout quarter. After guiding investors to expect revenue in its fiscal 2025 third quarter to be around $32.5 billion, the leading artificial intelligence (AI) company reported record quarterly sales of $35.1 billion for the period ended Oct. 27. Exceeding expectations has become the norm, though, as AI capital spending … Read more
Nov. 27, 2024 6:15 PM ETUnited States Oil Fund, LP ETF (USO), CL1:COMUCO, DBO, UNG, FCG, USL, SCO, UNL, BNO, BOIL, KOLD, GUSH, DRIP, USOI, CO1:COM, NG1:COMBy: Carl Surran, SA News Editor SlavkoSereda/iStock via Getty Images Crude oil futures finished flat ahead of the Thanksgiving Day holiday, with the Israel-Hezbollah ceasefire taking some risk premium … Read more
Former Economic Advisers Council Chair Kevin Hassett discusses multiple reports regarding Biden preparing to block U.S. Steel merger and Trump supporting Elon Musk’s government efficiency proposal. President-elect Trump on Tuesday selected Kevin Hassett to serve as the director of the National Economic Council (NEC), with Hassett set to return after he served as a key … Read more
Donald Lee Moak, a director at Wheels Up Experience Inc. (NYSE:UP), recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Moak sold a total of 41,766 shares over two days. On November 25, Moak sold 20,000 shares at a weighted average price of … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. France has suggested it would not necessarily detain Israeli Prime Minister Benjamin Netanyahu if he entered the country despite an outstanding arrest warrant issued by the International Criminal Court over alleged war crimes in Gaza. … Read more
Three people were killed and one seriously injured early Wednesday when a Tesla Cybertruck crashed and caught fire in Northern California, officials said. Piedmont Police Chief Jeremy Bowers said speed was likely a factor in the single-vehicle collision, but he added that authorities would continue to investigate the circumstances of the tragedy. The Cybertruck’s occupants … Read more
Super Micro Ended Loan Pacts That Had Become More Burdensome
JasonDoiy The International Brotherhood of Teamsters is preparing to file an unfair labor practice lawsuit and a formal complaint with the Equal Employment Opportunity Commission against Amazon (NASDAQ:AMZN) for a verbal assault against an employee that occurred at a Queens, New