Temu’s Parent, a Victim of Competition or Its Own Success?
PDD suddenly lost a third of its value following a cautious outlook. Its founder had briefly become China’s richest man.
Warburg Pincus Closes Debut Structured-Investing Fund
Warburg Pincus has closed its first dedicated fund for a structured-investing strategy that provides capital to businesses using a combination of debt, […]
U.S. Steel Warns of Plant Closings if Sale Collapses
The company said it would likely move its headquarters out of Pittsburgh if Nippon Steel can’t complete its $14.1 billion purchase.
Companies’ AI Bets Are Reaching Astronomical Heights. Why the C-Suite Likes Its Odds Anyway.
The costs of adopting artificial intelligence are soaring, but so are some executives’ expectations.
EGenesis Raises $191 Million for Transplants of Genetically Edited Pig Organs
Biotechnology company eGenesis has raised $191 million in new venture capital to advance toward its first clinical trials after its genetically modified […]
Oil Price Slump Adds Pressure on OPEC+, ING Says
This week’s oil-price slump adds further pressure on OPEC+’s plans to unwind some of its production curbs, according to ING.
Blackstone Buys Australian Data-Center Operator for $16.1 Billion
The deal adds AirTrunk’s centers in Australia, Japan, Hong Kong, Singapore and Malaysia to Blackstone’s existing portfolio.
Glynn’s Take: Australian Consumers May Be Down, But Not Out
It might just be that the second quarter could be the Australian economy’s darkest hour before the dawn, and consumers are set […]
The Minnesota Progressive Who Worries Republicans More Than Walz
Lt. Gov. Peggy Flanagan has significantly influenced the Democratic vice presidential nominee’s political career.
European Markets Follow Asia, U.S. Lower, Led by Falls in Chip Stocks
The Euro Stoxx 50 was down 1.1% and the broader Stoxx 600 down 1%, as fears about the U.S. economy continue to […]
Europe’s Gas Prices Extend Losses as Ample Storage, Weak Demand Offset Supply Risks
European natural-gas prices fell further as the market shrugged off concerns over supply disruptions amid high inventories and weak demand.
German Government to Begin Exit From Commerzbank
Germany plans to reduce a stake it built in Commerzbank during the financial crisis of 2008 currently valued at about $2.8 billion, […]