Stay updated with the latest business news, market trends, expert insights, and industry updates to help you stay ahead in the competitive world of business.
Elliott Investment Management has increased its stake in Phillips 66 to more than $2.5 billion and is pushing for operational changes, including the sale of the company's midstream business.
Published on: February 11, 2025, 04:01 PM UTC
US bank executives anticipate policy uncertainty to linger during Trump's 2nd administration, but remain optimistic about the economic outlook.
Published on: February 11, 2025, 04:00 PM UTC
Gavin Isaacs, the chief executive of Ladbrokes owner Entain, has unexpectedly stepped down after just five months, sending shares in the gambling giant down by 11pc.
Published on: February 11, 2025, 03:04 PM UTC
Goldman Sachs ends policy to refuse IPOs with all-male, all-White boards
Published on: February 11, 2025, 03:04 PM UTC
US stocks rebounded on Monday as investors shrugged off President Trump's latest tariff threats, including new levies on steel and aluminum imports. The major indices closed in positive territory, led by gains in tech and energy stocks. Meanwhile, gold prices surged to record highs amid the ongoing trade tensions.
Published on: February 11, 2025, 03:03 PM UTC
OpenAI CEO Sam Altman rejects Elon Musk's $97.4 billion offer; Musk sues to prevent OpenAI's for-profit transition; experts weigh in on valuation challenges amidst legal battles.
Published on: February 11, 2025, 03:03 PM UTC
Elon Musk seeks to dismantle the Consumer Financial Protection Bureau (CFPB), which would oversee his company's plans to transform into a digital payments platform. Critics argue this move could benefit Musk's company and raise concerns about conflicts of interest.
Published on: February 11, 2025, 03:03 PM UTC
Trump's reciprocal tariffs could upend US trading relationships worldwide. Some allies have high tariffs and could be hit hard, while others may argue for lower US duties.
Published on: February 11, 2025, 03:02 PM UTC
Uncertainty in Trump’s second term clouds Wall Street’s expectations; Dealmaking slows, tax breaks for hedge funds threatened, big banks grilled on customer banking practices.
Published on: February 11, 2025, 03:02 PM UTC
Super Micro Computer stock slid over 5% Tuesday after a five-day rally lifted shares nearly 60%. The server maker faces delisting scrutiny after missing SEC filing deadlines.
Published on: February 11, 2025, 03:01 PM UTC