Financial News & Analysis
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Victory Capital to acquire First Eagle in $7bn deal
Victory Capital acquires First Eagle in $7bn deal, expanding asset management scale.
OpenAI’s Jalapeño AI chip brings new 'threat' to Nvidia margins as custom silicon gains ground
OpenAI's custom Jalapeño chip beats Nvidia on inference efficiency, intensifying competition in AI silicon.
Fed Can Avoid Hiking on Cooler Data, Economist Roth Says
Wolfe Research economist says cooler data gives Fed cover to skip September hike.
Meta settles social media addiction case with California, other states for $16.7 billion
Meta settles addiction case for $16.7B; stock mixed after premarket gains.
$META reaches $16.68 billion settlement over social media harms to children
Meta settles child safety lawsuit for $16.68B; retail discussion on long-term impact.
The end of Trumpsplaining
FT argues Trump's Iran strategy failure ends grand strategist narrative, raising geopolitical uncertainty.
Nike Stock on Pace for Worst Year Since Jordan’s ‘93 Retirement
Nike stock is on pace for worst year since 1993, when Michael Jordan's retirement hurt sneaker sales.
Prudential to Sell 2% for $327 Million in India Asset Manager
Prudential sells 2% stake in India's ICICI Prudential AMC for $327m to meet public shareholding rules.
La Argentina de Milei va de la euforia al estancamiento
Milei's Argentina stalls: growth forecasts cut, recovery lags despite falling inflation.
Medical device maker Boston Scientific is being hit by a cyberattack. The shares are falling
Boston Scientific cyberattack disrupts product shipments; shares fall on uncertainty.
Hyundai has grown more than any automaker in the U.S. — and it's not done yet
Hyundai ramps up US production at new $7.6B Georgia plant to capture more sales.
Fed’s preferred inflation gauge shows core prices rose 3.3% annually in July
Core PCE inflation at 3.3% annual in July, below expected 3.6%, signals cooling inflation.