Posts with tag: nature
Private equity firms Bain Capital and CC Capital Partners are locked in a bidding war for Australian wealth management firm Insignia Financial.
Published on: January 22, 2025, 11:04 PM UTC
Microsoft's relationship with OpenAI faces challenges. Despite investing $14 billion, Microsoft was excluded from OpenAI's new joint venture, prompting speculation of a strained relationship. Microsoft has scaled back plans for additional investment, while OpenAI seeks other partners and explores using rival cloud services for its AI training.
Published on: January 22, 2025, 11:01 PM UTC
Volkswagen adjusts its profit target to 6%, cites cost-cutting deal to reduce workforce by 35,000 without layoffs.
Published on: January 22, 2025, 11:00 PM UTC
Saudi Arabia's Public Investment Fund (PIF) continues its bond issuance spree, raising $4 billion in a dual-tranche offering. Despite initial price talk, the notes were priced with lower premiums due to strong demand, exceeding $16 billion. The deal follows a $12 billion bond issuance by the Saudi government and a $7 billion Islamic loan by PIF.
Published on: January 22, 2025, 10:04 PM UTC
Retail CEOs are better equipped to deal with the latest round of tariffs from the Trump administration, having diversified their supply chains and negotiated with suppliers to keep costs down.
Published on: January 22, 2025, 10:02 PM UTC
Tech stocks led the market higher on Wednesday, boosted by record gains in Netflix (NFLX) shares on the heels of strong earnings. The Nasdaq Composite (^IXIC) rose nearly 1.3%, while the S&P 500 (^GSPC) climbed more than 0.6% to come just shy of its record high of 6,090. The Dow Jones Industrial Average (^DJI) was up 0.3%, continuing the rally from Tuesday's 500-point gain.
Published on: January 22, 2025, 10:02 PM UTC
Big Three automaker Stellantis plans major investments in the US following talks with the Trump administration, including a new midsize pickup truck and new investments in its Toledo assembly plant.
Published on: January 22, 2025, 08:02 PM UTC
PepsiCo CEO Ramon Laguarta wants to change the minds of food industry critics inside the new Trump administration, lauding the company's efforts in sodium, sugar, and artificial color reduction.
Published on: January 22, 2025, 08:01 PM UTC
Pressure on DEI programs sparks debate at Davos; companies search for alternative terms while staying committed to diversity
Published on: January 22, 2025, 08:00 PM UTC
Netflix stock soared after reporting strong Q4 earnings, adding a whopping 18.9 million users and beating revenue and earnings estimates. The streaming giant also announced a $15 billion stock buyback and increased its revenue outlook for 2025. Analysts praised the results and raised their price targets, with Pivotal Research setting the highest target of $1,250 per share.
Published on: January 22, 2025, 07:01 PM UTC