Articles

Carl Icahn fined by SEC for failing to make required disclosures on personal margin loans

Loans came to light last year in a short seller’s critical report.

Private-equity megadeals may challenge 22-year record as cash pile goes to work

S&P is tracking 13 private-equity mergers of $5 billion or more in 2024, on course to beat the 22-year high set in 2021.

U.S. leading indicators index falls in July, but is not signaling recession

The Conference Board’s leading index is a gauge designed to show turning points in the economy, but has not worked well in the post-pandemic environment.

Faraday Future to launch ‘China-U.S. Automotive Bridge Strategy’ next month as EV maker plans mass-market second brand

Faraday Future Intelligent Electric Inc. will host a launch event for its China-U.S. Automotive Bridge Strategy on Sept. 19, part of its plan to introduce a mass-market second brand, the company announced Monday.

AMD to make $4.9 billion AI acquisition as it steps up race against Nvidia

AMD’s stock is rising as the company plans to buy ZT Systems and bolster its ability to provide AI infrastructure.

GM confirms it will cut more than 1,000 software and services jobs

Shares of General Motors Co. were headed for a fifth straight gain Monday after the carmaker confirmed there will be layoffs in its software and services division.

Wall Street is six times the value of Main Street, says Bank of America

By one measure, Wall Street is six times larger than the economy it ostensibly represents.

Taxing billionaires is needed now more than ever

The world’s ultra-rich share two striking similarities: the vast majority are men, and they typically pay much less in taxes than the rest of us.

Goldman Sachs shifts again, now seeing smaller chance of a U.S. recession

The recent stocks market sell-off came on fears of a recession. And that also explains the rebound

Treasury yields hold steady as investors await Fed’s Jackson Hole conference

Yields on U.S. government debt were little changed Monday morning, as traders looked ahead to this week’s release of the Federal Reserve’s July meeting minutes and the central bank’s pivotal Jackson Hole conference.

U.S. stocks are acting like RINOs (and not the political ones), Goldman strategist says

Goldman strategist Scott Rubner said markets have now entered a four-week window that lines up with traders going on vacation.

Estee Lauder CEO Fabrizio Freda to retire next year

The makeup- and hair-products company said it’s already “considered many highly qualified internal and external candidates” but has yet to name a successor to Fabrizio Freda, who will continue to lead the company for now.
1 1,009 1,010 1,011 1,012 1,013 2,466