The online marketplace called the cash-and-stock proposal “neither credible nor attractive.” The online marketplace eBay on Tuesday rejected a proposal by GameStop to combine the two companies in a cash-and-stock deal worth about $55 billion, calling it “neither credible nor...
April’s hotter-than-expected inflation reading is likely to put the Fed on watch for higher energy costs creeping into other prices, a red line that, if crossed, could raise the possibility of interest rate hikes. The Consumer Price Index rose 3.8%...
The US Senate on Tuesday voted 51-45 to approve Kevin Warsh as a governor on the Federal Reserve Board, the first step in a two-step process that would make him the next chair of the central bank. Senators immediately began...
Carlyle co-founder David Rubenstein said investors should expect changes at the Federal Reserve under incoming chair Kevin Warsh, including less communication with markets. But Warsh has a lot to prove on the Fed independence front, he added. “I think what...
Michael Burry has gone sour on GameStop (GME) after the video game retailer made an unsolicited $56 billion bid for online marketplace eBay. “Wall Street does indeed mistake debt for creativity, and does so constantly,” Burry wrote in a Substack...
Investors should brace for eye-popping capital expenditures numbers from major cloud service providers like Amazon (AMZN) and Microsoft (MSFT) when they report earnings this week. In a new note, JPMorgan strategist Samik Chatterjee offered some fresh estimates on accelerating AI...
The United Arab Emirates, one of the world’s major oil producers, will leave the Organization of Petroleum Exporting Countries (OPEC/OPEC+) effective May 1, state news agency WAM said Tuesday morning. The decision “reflects the UAE’s long-term strategic and economic vision...
Wells Fargo (WFC) CEO Charles Scharf said on Monday that the US economy has been resilient, but he also acknowledged how bad sentiment is among American consumers and businesses. “Right now, from everything that we see, the economy is still...
Energy observers are increasingly acknowledging a bottom line for motorists that prices at the pump are likely to be elevated for the foreseeable future — no matter what happens in the short term in the Strait of Hormuz and with...
Shares of Allbirds, the 2010s pioneer of trendy sneakers and eco-conscious Millennial marketing, took flight in an almost comical fashion Wednesday morning after the company announced an extremely 2026 pivot: abandoning its environmental agenda and getting into the AI business....
Phillips 66 (PSX) CEO Mark Lashier contends a Middle East ceasefire won’t be enough to fix oil markets. The damage to the global energy system is already done. “It will be difficult. It will be timely,” Lashier told Yahoo Finance...
Macro hedge funds struggled in March as the war in the Middle East upended inflation expectations, leading to steep losses at many of the industry’s largest firms. Said Haidar’s Jupiter Fund lost about 12% in March, paring quarterly gains to...
Investors wary of being wrong-footed by twists and turns in the Iran war are trading stocks at a record intensity, one market measure shows. Wall Street traders have been on edge, hanging on every development in the Middle East and...
The Department of Labor unveiled on Monday a new proposed rule for 401(k) plan sponsors that want to offer plan participants the option of investing in private equity and other “alternative” investments like crypto and commodities. The proposed rule gives...
More than 1,000 people become millionaires in the U.S. each day. If you’ve dreamed of becoming a millionaire, you’re not alone. To many, hitting this financial milestone signals you’ve “made it.” With assets valued at seven figures, you can wave...
