First Citizens agreed on Sunday to acquire the failed lender’s retail operations, a move that will cost taxpayers but is reassuring investors. Story Published at: March 27, 2023 at 12:51PM Continue Reading…
Markets Climb as Silicon Valley Bank Finally Finds a Buyer
The Battle Over E.S.G. Heads to the White House
President Biden is expected to use his first veto to protect environmental, social and corporate governance investment considerations in retirement plans. Story Published at: March 2, 2023 at 12:58PM Continue Reading…
The Heat on Salesforce Grows Ahead of a Big Earnings Call
The software giant faces mounting pressure from activist investors and pushback from employees unhappy about a wave of firings and the scaling back of office perks. Story Published at: March 1, 2023 at 01:01PM Continue Reading…
A Short Seller Takes Aim at an Indian Corporate Giant
Hindenburg Research accused the Adani Group of orchestrating the “largest con in corporate history,” sending shares of its companies tumbling on Wednesday. Story Published at: January 25, 2023 at 01:14PM Continue Reading…
Live Nation Faces a Skeptical Senate
The company’s grip on ticket sales, and its move last year to cancel sales for Taylor Swift’s upcoming tour, will be a big focus of an antitrust-focused hearing. Story Published at: January 24, 2023 at 12:44PM Continue Reading…
Activist Investors Are Circling Salesforce
Elliott Management, the $55 billion hedge fund, has taken a big stake in the struggling tech giant, putting more pressure on its co-founder, Marc Benioff. Story Published at: January 23, 2023 at 12:18PM Continue Reading…
Kevin McCarthy’s Business Ties Complicate His Rise to Power
To land the House speaker position, the California Republican will have to win over opponents who question his ties to Silicon Valley and his commitment to right wing causes. Story Published at: January 5, 2023 at 12:45PM Continue Reading…
Could Biden’s Climate Agenda Trigger a New Trade War?
The European Union is crying foul over the Inflation Reduction Act, saying the billions in climate subsidies it offers create a trade imbalance. Story Published at: December 6, 2022 at 12:33PM Continue Reading…
What We Learned From Sam Bankman-Fried, Mark Zuckerberg, Reed Hastings and More
Crypto, the economy, China, streaming wars, Elon Musk and other big topics dominated this year’s DealBook Summit. Story Published at: December 1, 2022 at 04:47PM Continue Reading…
Crypto Investors Grapple With the Collapse of a Giant
Prices of digital currencies have tumbled even after the exchange FTX announced a provisional lifeline by a top rival, Binance. Story Published at: November 9, 2022 at 12:58PM Continue Reading…