Articles

Equities in Dallas could have new meaning as BlackRock, Citadel back upstart Texas Stock Exchange

BlackRock and Citadel Securities are backing an upstart stock exchange to be called the Texas Stock Exchange that will be based in Dallas

Novelis postpones its nearly $1 billion U.S. IPO

Hindalco-backed aluminum recycling company Novelis has postponed its U.S. listing of over $900 million, citing market conditions.

HP Enterprise finally gets an AI bump, but server margins are a concern

Hewlett Packard Enterprise is finally seeing a boost from artificial intelligence, in the form of server sales, but margins are a bit of a concern in what is becoming a competitive arena.

Elon Musk confirms reallocating thousands of Nvidia AI chips from Tesla

Tesla Inc. Chief Executive Elon Musk confirmed Tuesday that he diverted thousands of Nvidia Corp. chips from the EV maker.

EV maker Fisker defaults on $3.5 million short-term loan

Beleaguered electric-vehicle maker Fisker said it had defaulted on a short-term loan given in May.

AT&T reports ‘nationwide issue’ affecting calls between carriers

AT&T mobile customers have reported problems making phone calls on Tuesday, according to AT&T responses to customers on X, media reports and Downdetector.

Mexican peso extends losses, but stocks gain after post-election selloff

The selloff in the Mexican peso in the wake of the ruling party’s overwhelming election victory continued at a slower pace Tuesday, and stocks recovered some of the ground lost in the wake of the vote.

India ETF slides most since 2021 after Modi’s narrower-than-expected win stuns

Shares of a popular exchange-traded fund that buys stocks in India sank Tuesday, after Prime Minister Narendra Modi’s claimed an election victory with surprisingly less support than expected.

Trump Media CEO Nunes says trading ‘anomalies’ are ‘growing even more severe’

Devin Nunes’ complaints revolve around suspicions of illegal ‘naked’ short-selling

Intel, Apollo strike $11 billion deal over chip-manufacturing plant in Ireland

Apollo will lead an $11 billion investment and acquire a 49% equity stake from Intel in the Fab 34 facility in Leixlip, Ireland.

Bath and Body Works looks to men as it seeks return to growth

With overall sales declining, Bath and Body Works has found a younger customer base on the men’s side.

New York Community Bank CEO Joseph Otting to become company’s chair too

New York Community Bank Chief Executive Joseph Otting will become chair of the company, succeeding Alessandro DiNello, who briefly led the bank during its tumultuous period earlier this year.
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