The Washington Post has initiated a sweeping round of layoffs and significant editorial restructuring, eliminating its standalone sports desk and daily podcast as part of a bid to secure its future amid industry-wide pressures.
Following a robust second-quarter earnings beat, Parker-Hannifin sees its price target raised by Truist, which highlights the industrial giant's impressive margin strength and upwardly revised guidance driven by aerospace demand and filtration growth.
As housing costs soar and families evolve, an increasing number of households are considering a novel solution: permanently swapping homes across generations. This arrangement can address space needs while offering potential inheritance tax benefits, but experts warn of complex legal and financial pitfalls.
Ethereum's co-founder outlines a novel framework combining small, curated DAOs with prediction markets to shift the focus of creator economies from viral fame to inherent value and quality content.
Accenture plc faces mounting pressure as a sharp weekly decline compounds a painful year for shareholders. With institutions holding 81% of the stock, their next move could dictate the consulting giant's near-term trajectory.
The iconic Seattle-based outdoor retailer Eddie Bauer is closing the vast majority of its physical stores in the U.S. and Canada as part of a Chapter 11 bankruptcy restructuring. The brand's future will lie in e-commerce and wholesale under a new partnership, marking a seismic shift for a century-old staple of the outdoor industry.
Investment bank Goldman Sachs has raised its price target on manufacturing solutions provider Jabil Inc., highlighting sustained data center demand as a key growth driver, following the company's recent strategic acquisition in the power management sector.
Malaysia's state energy giant Petronas has secured a landmark two-decade liquefied natural gas supply agreement with QatarEnergy, a move set to diversify its portfolio and lock in long-term energy security for the nation's growing needs.
Following its full acquisition of Taubman Realty Group, Simon Property Group is launching a major redevelopment initiative at three high-performing malls in Nashville, Denver, and Tampa, signaling a strategic shift towards upgrading prime assets in saturated markets.
The Washington Post is undergoing a significant contraction, scaling back its international footprint and dismantling core sections like Sports and Books. The move, described by management as a necessary reset, has sparked internal turmoil and raised questions about the paper's future direction under owner Jeff Bezos.
The Washington Post has initiated a significant strategic reset, resulting in widespread layoffs and the closure or restructuring of several key departments, including Sports and Books, as the news organization grapples with a challenging media landscape.
Stephen Gardner, the former CEO of Amtrak, has been appointed to the strategic advisory board of financial consultancy Telos Advisors. The move brings one of the rail industry's most prominent figures to a firm specializing in complex infrastructure projects.
Citi analysts report Bitcoin is trading below the average cost basis of U.S. spot ETF holders and nearing a key pre-election price floor, as fading institutional inflows and macro headwinds pressure the cryptocurrency market.
Analysis of on-chain data and trading history reveals a notable lack of structural support or resistance between $70,000 and $80,000, suggesting Bitcoin's current consolidation could be prolonged or precede a significant test of lower levels.
Blockchain analytics firm TRM Labs achieves unicorn status after a $70 million Series C funding round with participation from Goldman Sachs and Citi Ventures, as demand for cryptocurrency transaction tracing surges among law enforcement and financial institutions.
Amid a sharp downturn across major cryptocurrencies and political uncertainty in Washington, a notable capital rotation is underway. Investors are increasingly parking funds in gold, often via blockchain-based tokens, signaling a flight to traditional safe havens.
Banks are turning to institutional investors to offload tens of billions in project loans tied to Oracle's AI-driven data center expansion, a move facilitated by rare investment-grade ratings for construction-phase debt.
Federal immigration authorities will significantly reduce their operational footprint in Minneapolis, citing enhanced cooperation with local jails and officials that allows for a more targeted approach.
Michael Hartnett, Bank of America's chief investment strategist, issues a stark warning on global stocks as markets show extreme overbought conditions. The caution follows a sharp selloff in software shares and rising volatility, prompting a defensive shift towards gold, bonds, and commodities.
New data indicates Apple's App Store revenue grew to $3.4 billion in the first 35 days of its fiscal second quarter, a 6.3% year-over-year increase, as user spending continues to outpace download growth, according to a Bank of America analysis.
