Coinbase Global Inc.’s list of bears is growing long. Morgan Stanley came out swinging against the cryptocurrency exchange this week, slashing revenue estimates and saying confidence in the earnings recovery has deteriorated.
Kering said it was parting ways with Balenciaga creative director Pierpaolo Piccioli after less than 18 months, with new creative direction to be announced shortly.
DIP Holding has raised $529 million in its initial public offering, pricing at 1.12 dirhams a share. The listing is the first in the UAE since the start of the Iran war. Khalid bin Kalban, Chairman of DIP Holding spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East & Africa ahead of the company’s listing on November 11. (Source: Bloomberg)
A fatal crash in Florida has highlighted the difference in regulations of charter jet operators from airlines.
Before age 5, children from the poorest fourth of families receive about $44,000 less in total investments than children from the richest fourth.
AI is changing the bargain between large technology companies and their shareholders,
The billionaire spent hundreds of millions of dollars on the U.S. election. Now, investors are worried about less favorable policies under new Democratic officials.
Elon Musk’s pick lost in Texas and billionaires Vivek Ramaswamy and Rick Jackson lost their own races, though California’s wealth tax is trailing.
A shift in momentum in US Treasuries has traders adding to long positions and paring back bearish wagers ahead of a trifecta of key events this week.
Sugar slid at the open on Tuesday after data showed Indian production is running well ahead of last season following an earlier start to the harvest. Profit-taking also added to the slide.
The company missed revenue expectations, a tough outcome in today’s less forgiving tech market.
Britons have become less engaged with the jobs they do and are less willing to put in extra effort, a report has found.
Pakistan’s soaring stock market, record foreign reserves and improving credit ratings are signaling an economy on the mend. Beneath the surface, the recovery remains far less convincing.
Musk has given $427 million to federal political groups since May 2025. Soros has given $243 million of his own money since 1979.
The Golden State's Proposition 40 billionaire tax could raise far less than $100 billion as wealthy residents flee California before the vote.
Disappointing US megacap earnings accelerated a rotation out of AI-related tech last week, triggering a sharp selloff as investors shifted toward smaller-cap and more defensive areas. Jordan Jackson, Global Market Strategist at JPMorgan Asset Management, discusses the overblown AI selloff and how he expects to see markets move after midterms. (Source: Bloomberg)
Rolling coverage of the latest economic and financial news Yi He, co-founder of Binance, has said that its top priority is to “ensure the environment is secure, after which users can withdraw their funds and Binance can resume operations.” She rejected comparisons with collapsed rival FTX , writing on X: Every action has a motive. Look at some fraudulent exchanges that absconded, P2P platforms, and commercial banks: their ledgers are opaque; once the website is shut down, they simply abscond with the funds, the company is liquidated or goes bankrupt, and all they need to do is give you an arbitrary excuse. As for how much money was actually in the account and where it went, there is no way to know. These kinds of closures happen without any warning—they just disappear. There is no real operation, no one comes out to explain what happened, and it is even less possible for withdrawals to be opened. Continue reading...
More interest-rate hikes are needed to fight inflation, Fed officials say.
Intel’s PC business is under pressure as memory-chip prices dent demand and as corporate IT teams have less budget for laptops.
The Institute on Taxation and Economic Policy found more than 700 profitable companies paid less than half of the 21% statutory corporate tax rate, the lowest rate in decades.
The cruise promised a lifetime of sailing, for less than what it cost to live on land. But it was underfunded and couldn’t absorb the rising cost of fuel.
Walmart touts its holiday dinner kit this year as offering more food for less money. Read on to see what items are included in the meal.
The actor Cheyenne Jackson’s social media campaign highlights the increasing struggles of working actors to book enough parts to remain insured.
