business news
Musk backing off Twitter board opens door to hostile takeover
Elon Musk pauses and looks down as he speaks during a press conference at SpaceX’s Starbase facility near Boca Chica Village in South Texas on February 10, 2022. Jim Watson | AFP | Getty Images Billionaire Elon Musk’s reversal of his decision to join Twitter’s board opens the door to a hostile takeover and could […]
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Fanatics wants to be a $100 billion company – here’s how it plans to get there
Michael Rubin arrives at the 2019 Fanatics Super Bowl Party on Saturday, Feb. 2, 2019, in Atlanta. Paul R. Giunta | Invision | AP Sports e-commerce company Fanatics is growing quickly, but it’s still nowhere near where it aims to be. Recently, the company said, it reached a $27 billion valuation and it wants to […]
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Oil drops, Brent crude falls below $100 as China lockdowns spark demand fears
Oil pumping rigs are situated next to a vineyard of table grapes as viewed on July 8, 2021, north of Bakersfield, California. George Rose | Getty Images Oil prices slid Monday, accelerating two straight weeks of declines as lockdowns in China sparked demand fears. International benchmark Brent crude declined 3.9%, or $4.02, to trade at […]
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Sony and the Lego family bet big on the ‘metaverse’ with $2 billion investment in Epic Games
The Epic Games logo displayed on a smartphone. Sopa Images | Lightrocket | Getty Images Fortnite creator Epic Games has raised $2 billion in funding from Sony and the Lego family, in a massive deal highlighting the excitement from big businesses about the so-called “metaverse.” Sony will inject $1 billion in the company, Epic announced […]
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U.S. private equity giant Thoma Bravo acquires SailPoint for $6.9 billion
Mark McClain, Co-founder and CEO of Sailpoint Technologies Holdings rings the opening bell to celebrate his company’s IPO at the New York Stock Exchange (NYSE) in New York, November 17, 2017. Brendan McDermid | Reuters U.S. private equity giant Thoma Bravo has acquired SailPoint in an all-cash deal worth about $6.9 billion, the cybersecurity company […]
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Chinese gaming stocks jump as regulator approves new titles after months-long freeze
China’s gaming industry became caught up in broader regulatory tightening across the technology sector. Regulators became increasingly concerned about gaming addiction amongst children. The approval of the first batch of games since July 2021 could indicate China’s gaming sector headwinds will start to subside. Greg Baker | AFP | Getty Images Chinese regulators have approved […]
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Denver over Dubai: U.S. airports dominate rankings of world’s busiest last year
Travelers walk through Terminal A at Orlando International Airport on Christmas Day, Saturday, December 25, 2021. Stephen M. Dowell | Orlando Sentinel | Getty Images U.S. airports made up eight of the 10 busiest hubs around the world last year, according to new rankings released Monday, as a jump in domestic leisure travel displaced some […]
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Pakistani lawmakers elect Shahbaz Sharif as new premier
Pakistan’s opposition leader Shahbaz Sharif has been elected as the country’s new prime minister. Aamir Qureshi | Afp | Getty Images Pakistan’s parliament elected opposition lawmaker Shahbaz Sharif as the country’s new prime minister on Monday, after a walkout by lawmakers from ousted Premier Imran Khan’s party. Sharif was the only contender. He is the […]
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Inflation is hammering the U.S. South — and voters, who will soon decide some key midterm races
Republican activists seek drivers’ attention as they work to register voters to their party at a gas station in Garden Grove, California, U.S., March 29, 2022. Mike Blake | Reuters Matthew Rice doesn’t have to look hard for signs of inflation in Savannah, Ga. A gallon of gas cost $2.79 a few months ago, he […]
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5 things to know before the stock market opens Monday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures are down to start the week People walk along Wall Street near the New York Stock Exchange on March 08, 2022 in New York City. Spencer Platt | Getty Images U.S. stock futures were slightly […]
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