Souheil Badran, U.S. Bank's Chief Operations Officer, will retire this spring after a three-year tenure marked by a focus on digital transformation and client experience. The bank has activated its succession planning but has not yet named a replacement.
In a bid to fortify the broader financial ecosystem, BNY Mellon is providing free AI and technology training to executives from smaller lenders, arguing that empowering these institutions is both a duty and a strategic imperative.
Major corporations, from Pfizer to Amazon, are increasingly turning to flexible workspace providers to establish satellite offices, driving significant expansion in the sector despite a broader office market recalibration.
Leaked internal memo reveals Cracker Barrel is requiring employees to eat primarily at its own restaurants during business trips, while also curtailing travel and alcohol reimbursements, as the chain grapples with financial pressures and fallout from a controversial rebrand.
In a strategic shift, PepsiCo announces targeted price reductions of up to 15% on key snack lines including Lay's and Doritos, responding directly to sustained financial pressure on shoppers and the diverging 'K-shaped' economic recovery.
Saks Off 5th is closing the majority of its stores, including two in New York's Lower Hudson Valley, as parent company Saks Global Enterprises pivots to focus on its core luxury retail business. The move follows recent leadership changes and a major financial restructuring.
As SCR-Sibelco's stock hovers around €4,800, a significant gap emerges between its market price and a key intrinsic value estimate. With shares down nearly 12% year-to-date, investors are weighing whether recent weakness presents a buying opportunity or a sign of fundamental overvaluation.
PayPal shares plummeted over 18% after the company posted disappointing fourth-quarter results, issued a downbeat profit forecast, and announced Enrique Lores as its incoming CEO, replacing interim leadership.
Despite a brutal downturn since early 2025, asset manager Bitwise argues the crypto market is showing classic signs of a late-stage bear market, with a recovery potentially on the horizon as institutional flows masked the worst of the sell-off.
The CoinDesk 20 Index slipped 0.3% in Tuesday's session, dragged down by losses in Hedera (HBAR) and Stellar (XLM). While nine components managed gains, the broader index reflected cautious sentiment as Bitcoin traded sideways.
The crypto miner turned infrastructure player has acquired two high-capacity sites in Kentucky and Maryland, boosting its total planned capacity to 2.8 gigawatts as it capitalizes on the soaring demand for compute and power.
Despite recent market turbulence, NRG Energy's stock has surged over 45% in the past year, significantly outpacing major indices. Analysts maintain a cautiously optimistic stance, buoyed by strategic acquisitions and strong earnings, even as some near-term volatility gives investors pause.
Early clinical results for Pfizer's acquired obesity drug PF-3944 show it may fall short of the high bar set by market leaders, raising questions about its competitive edge in the lucrative weight-loss market.
Somaliland's President tells Reuters he anticipates a swift trade agreement with Israel, the first nation to recognize its independence, with critical minerals like lithium on the table in exchange for technology and investment.
A Delta Air Lines flight from New York to Tel Aviv was forced to make an unscheduled landing in Dublin after declaring a general emergency over the Irish Sea. The Airbus A330-900 performed a 'heavyweight landing' due to its full fuel tanks, adding complexity to the incident.
A food hall waffle shop manager is at a crossroads after being offered the chance to buy the business they run for $65,000. While the owner touts steady profits and a 'low-maintenance' operation, the deal raises tough questions about hidden liabilities and the true motives behind the sale.
Porsche's ambitious electric vehicle plans face a potential major setback as the German automaker considers shelving the development of its electric Boxster and Cayman models, sources tell Bloomberg. The move underscores the mounting financial and strategic challenges confronting even premium brands in the rapidly evolving EV market.
Merck & Co. reported solid Q4 2025 results but issued a cautious 2026 sales forecast, citing acquisition costs and patent expirations. Despite this, shares rose as the market focused on the company's sustained dividend and aggressive reinvestment in its oncology and vaccine pipelines.
Siemens Energy's fair value estimate has been revised upward by analysts, reflecting a more optimistic outlook driven by stronger demand signals, though questions over operational execution continue to temper expectations.
A stronger-than-expected January for Macau's casino sector has lifted shares in Wynn Macau, but analysts are divided on whether the stock's current price fully reflects its growth prospects or still holds value.
