Articles

China holds benchmark lending rates steady

China's benchmark lending rates were kept steady after the central bank held its key policy rates unchanged earlier this month, according to data released by the People's Bank of China.

Macy’s rejects $5.8 billion takeover bid, as Arkhouse threatens to take offer directly to shareholders

Macy's Inc. said Sunday it has rejected an unsolicited bid by Arkhouse Management and Brigade Capital Management to take the department-store chain private in a $5.8 billion deal, citing concerns over financing.

Online gambling company Kindred Group confirms takeover bid by France’s FDJ

Kindred Group confirmed Sunday that La Française des Jeux SA has made an acquisition bid, which would create one of Europe's largest online gambling companies.

Ron DeSantis ends presidential campaign by misquoting Winston Churchill

Ron DeSantis tried quoting Churchill in a video Sunday announcing he was suspending his Republican presidential bid.

SolarEdge to lay off 16% of its workforce as part of cost-cutting plan

SolarEdge Technologies Inc. on Sunday said it will lay off about 16% of its workforce, about 900 employees, as part of a restructuring to slash operating costs.

Stock-market investors face an ugly election season. Can bulls take comfort in history?

Investors brace for heightened volatility as they assess election-year market patterns.

Price increases drove corporate profit margins to historic highs during the pandemic. In 2024, cost cuts could help them resume their ascent

After higher costs and shaky consumer demand caught up with corporate America last year, Wall Street now expects corporate profit margins to rebound through the first half of 2024, as more companies resort to layoffs, technology or other cutbacks in an effort to guard the bottom line and stave off investor anxiety.

Forget tequila and mezcal. Bacanora is now the Mexican spirit you should be drinking.

Kilinga, a bacanora brand that launched in 2018, saw U.S. sales soar by 235% last year.

‘I’m hoping to remain in my home’: I’m 76 with no relatives. What should I do with my estate?

‘I’m hoping to remain in my home — possibly in time relying upon home healthcare for as long as possible.’

The Fed’s favorite price gauge and GDP to give the latest reads on inflation and the economy

Inflation is slowing and the economy is still growing. What more could the Federal Reserve want?

Musk’s denies his AI startup secures $500 million toward $1 billion funding goal

Elon Musk’s artificial intelligence company, xAI, has secured $500 million in commitments from investors toward a $1 billion goal, Bloomberg reported Saturday.

Bitcoin ETFs just had their first week of trading. Here’s who’s winning and losing.

BlackRock is leading inflows into spot bitcoin exchange-traded funds after about a week of trading.
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