Saudi Pipeline Attack Sends Oil Prices Soaring Past $105
A Critical Lifeline Goes Dark Global oil markets have been thrown into fresh turmoil after a series of drone attacks disabled Saudi Arabia’s East-West...
Category : Business
Fed Poised for First Rate Hike Since 2023 This Week
Wall Street Braces for a Fed Reversal: Rate Hike Expected for First Time in Three Years For much of this year, investors assumed the...
Oil Prices Surge After Saudi Pipeline Shutdown Rattles Markets
Global Oil Markets Rattled as Saudi Arabia’s Lifeline Pipeline Goes Dark Global energy markets are bracing for a prolonged supply shock after Saudi Arabia...
Apollo in Talks to Buy J&J Orthopedics Unit
Apollo Nears Deal for J&J’s Orthopedics Business in Potential $20 Billion Transaction Private equity giant Apollo Global Management is in discussions to acquire Johnson...
Aggreko Files for NYSE IPO Amid Data Center Power Boom
Summary Aggreko, the Glasgow-based temporary power provider, has filed to go public on the New York Stock Exchange under the ticker AGKO, five years after...
Bear Robotics Nasdaq IPO Buzz Lifts LG Electronics Stock
Summary Shares of LG Electronics jumped more than 8% this week on reports that its majority-owned robotics unit, Bear Robotics, is preparing a pre-IPO funding...
Microsoft’s Azure Hits $101.9B as AI Reshapes Its Business
Summary Microsoft has disclosed Azure’s full-year revenue for the first time, revealing $101.9 billion in sales as the company overhauls its financial reporting structure to...
Chevron’s $7B Venezuela Bet Reshapes Global Oil Market
Summary Chevron has announced a five-year, $7 billion investment plan to more than double its Venezuelan oil production, days after Washington unveiled a sweeping deal...
Lululemon Stock Falls 15% on Weak Sales and Guidance Cut
Summary Lululemon shares tumbled roughly 15% after the athletic apparel retailer reported a fourth consecutive quarter of disappointing results and sharply cut its full-year revenue...
Adobe Names Anil Chakravarthy CEO After Narayen Steps Down
Summary Adobe has appointed longtime executive Anil Chakravarthy as its next president and CEO, ending Shantanu Narayen’s 18-year tenure at the helm. The leadership...