Fed chair Jerome Powell Alex Wong/Getty Images Fed Chair Jerome Powell said the central bank has received grand jury subpoenas from the Justice Department. Economists, business leaders, and analysts a...
Meta Platforms’ multibillion-dollar acquisition of Manus, a Chinese-founded artificial intelligence agent start-up, has set off a mix of excitement and unease in China’s tech circles, opening what som...
The American economy is tipping away from low-wage workers once again. PATRICK T. FALLON/AFP via Getty Images The K-shaped economy has returned, with gaps widening between high and low-income American...
StorageCafe analyzed dozens of big US cities to see how much downsizing would pay off. Getty Images Downsizing homes saves a homeowner about $200,000 over 10 years on average, says StorageCafe. Southe...
Walmart CEO Doug McMillon (R) is handing over the top job to John Furner in the new year. Walmart 2025 has been a big year for retail CEO transition announcements. Roughly 45 retailers said they are c...
GM said it would record about $6 billion in fourth-quarter charges tied to scaling back EV plans in the US. REBECCA COOK/Reuters GM says it will take a $6 billion hit tied to scaling back its EV strat...
Wing is bringing drone delivery to even more Walmart stores in 2026. The Alphabet-owned company announced today that its drones will be flying above 150 more locations this year, including in four new...
Brevan Howard is now run by CEO Aron Landry, who succeeded the firm's billionaire founder, Alan Howard. Brevan Howard Brevan Howard returned 8% and 0.8% in its two largest funds for 2025, a person clo...
Paramount Skydance CEO David Ellison hasn't given up in his pursuit of Warner Bros. Discovery. Angela Weiss/AFP via Getty Images Warner Bros. Discovery turned down another offer from Paramount Skydanc...
GameStop is closing hundreds of stores just days into the new year as CEO Ryan Cohen aims to take home $35 billion in performance-based stock options. Reports the gaming and pop-culture retailer would...
Meta has forged agreements with three nuclear power providers in an effort to secure the vast amount of electricity it needs to power AI data centers. The agreements with TerraPower (which is backed b...
Shortly before the US military launched an attack on Venezuela and captured President Nicolás Maduro , an account on Polymarket made some very suspiciously timed investments. The prediction mar...
Andreas Halvorsen runs $55 billion Viking Global. Scott Olson/Getty Images Stuart Brown is stepping down as head of trading at $55 billion hedge fund Viking Global. Brown has worked at the hedge fund ...
📋 Key Facts ✓ Bourbon maker Jim Beam halts production at its main distillery for a year ✓ US distillers face uncertainty after Presiden...
Americans have received millions of dollars as part of guaranteed income pilot programs. SimpleImages/Getty Images Basic income pilots have distributed over $335 million in economic relief to American...
Delivering food or driving passengers for Uber isn't the only type of gig work anymore. PIROSCHKA VAN DE WOUW/REUTERS Gig work has never been more widespread — and more challenging. Over the pas...
Getty Images; Alyssa Powell/BI The must-read story in the $5 trillion hedge fund industry used to be about who made the biggest trade or launched the biggest fund. Now it's about who made the biggest ...
Frederick Baba, a trader at Jane Street and former Goldman Sachs partner. Courtesy of Goldman Sachs Former Goldman partner Fred Baba shared the goodbye note he sent colleagues. He left Goldman in 2023...
SoftBank Group Chairman and CEO Masayoshi Son delivers a speech during the annual general shareholders' meeting in Tokyo on June 27, 2025. KAZUHIRO NOGI/AFP via Getty Images SoftBank is acquiring data...
Barnes & Noble is among the retailers reportedly opening more stores in 2026. Al Drago/Getty Images Retailers such as Dollar General and Nordstrom Rack plan major store expansions in the US in 2026. S...