Industry News / Helpful Articles
Why Nike Replaced John Donahoe as Its C.E.O.
Investors are hoping that replacing John Donahoe as chief executive will lift its stock price and restore the brand’s cool factor.
Has the Federal Reserve Pulled Off a Soft Landing?
Investors have sent stocks and bonds higher on expectations of a soft landing. But some Republicans think the central bank overstepped its bounds.
Why Uncertainty Still Hangs Over the Fed’s Rate Decision
Investors, economists and politicians are at odds over whether the central bank should cut interest rates by a quarter-point, or more.
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GE Vernova May Cut 900 Offshore Wind Jobs as It Scales Back
The company, a spinoff from General Electric, has been plagued by financial losses in its wind unit and, more recently, accidents involving the failure of turbine blades.
Interest Rates Fall, but Central Banks Are No Longer in Lock Step
Officials in some countries started cutting rates last year, but others, including those in Europe and the United States, have taken a more cautious approach.
Bank of England Holds Rates Steady but Signals Gradual Easing
The British central bank has emphasized its intention to move steadily to ensure that inflation continues to slow.
Axel Springer Strikes Deal With KKR to Split Up Publishing Giant
The deal values all of Axel Springer at roughly $15 billion, with the company’s publishing assets worth about $4 billion.
Chinese Automakers’ Answer to E.U. Tariffs: Build in Europe
BYD, which leads China’s electric vehicle sector, is constructing a plant in Hungary while its Chinese rivals expand through joint ventures in Europe.
France’s Budget Problems ‘Very Serious,’ Prime Minister Says
The French government, which missed a deadline this week to show how it would cut its debt and deficit, is struggling to meet fiscal requirements set by the E.U.
Caroline Ellison, Star Witness in FTX Case, Should Receive Lenient Sentence, Prosecutors Signal
Ms. Ellison, Sam Bankman-Fried’s former girlfriend and a top executive in his empire, is set to be sentenced on Sept. 24 for her role in the collapse of the crypto exchange.
Biden Administration Extends Review Period for Nippon Takeover of U.S. Steel
U.S. Steel’s chief, David Burritt, expressed confidence on Tuesday that the sale of the American manufacturer to a Japanese owner would close “on its merits” despite bipartisan backlash.
Alaska Airlines Can Merge With Hawaiian Airlines, U.S. Says
The airlines agreed to maintain some routes and meet other conditions to secure the Transportation Department’s approval of their merger.
The Guardian in Talks to Sell The Observer to Tortoise Media
The Observer, first published in 1791, could be bought by Tortoise Media, an outlet founded by a British media veteran that began publishing in 2019.
F.D.I.C. and Justice Dept. May Get Tougher on Bank Deals
The F.D.I.C. is expected to vote on more stringent new rules for takeovers, while the Justice Department plans to overhaul its own guidelines.
Banking Deal Oversight to Get a Major Revamp
The F.D.I.C. and the Justice Department are changing how they evaluate mergers and acquisitions in the banking industry.
How the Fed Cutting Interest Rates Affects Stocks, Banks and More
For corporate America, this week’s expected interest rate cut carries risks along with rewards.
Harland & Wolff, Titanic Shipbuilder, Files for Bankruptcy
For the second time in five years, the parent company of the shipyard in Belfast, Northern Ireland, will enter administration, with Royal Navy contracts in the balance.
Are Voters Feeling Better About the Economy?
After another tumultuous weekend in the presidential campaign, Americans are still largely focused on their finances, new surveys show. That could give an edge to Vice President Kamala Harris.
Should Betting on Elections Be Legal?
Election wagers have long been banned in the United States. But for a brief period on Thursday, a regulated prediction market was permitted to offer them to Americans.
