Wall Street is on edge after auto parts maker First Brands filed for bankruptcy on 29 September, revealing liabilities of $10bn-$50bn against $1bn-$10bn in assets and heavy reliance on opaque off-balance-sheet invoice financing. Arranger Raistone says up to $2.3bn has "vanished," while Jefferies reports $715m in exposure and an inquiry...
At the Purfeerst farm in southern Minnesota, 100,000 bushels of soybeans—worth about $10 apiece—sit in bins with no clear buyer. A US–China trade war has halted Chinese purchases, which last year topped $12bn and represented about half of US exports. Donald Trump has floated payments to offset tariffs, but the...
Chinese stocks listed in the U.S. slumped Friday after former President Donald Trump threatened sharp tariff hikes on Chinese imports, calling China “very hostile.” Alibaba and Baidu dropped about 8%, JD.com 6.6%, PDD Holdings 5.2%, and the iShares MSCI China ETF fell 5.2%. The selloff followed renewed tension over trade,...
Howard Stern says he’s in talks with SiriusXM about extending his deal and hinted he may seek “ownership” if he stays. In an interview with Andy Cohen, he praised the company he helped grow but declined to detail negotiations over his show archive, which SiriusXM considers important. Rumors have questioned...
Google may be required to make changes in the UK to give users more search engine options, following a decision by the Competition and Markets Authority (CMA). The CMA has given Google 'strategic market status', which could lead to 'proportionate, targeted interventions' to ensure market competitiveness. Google has warned against...
Dominion Voting Systems, the company falsely accused of election fraud in 2020, has been acquired by Liberty Vote. The latter now assumes full ownership and operational control, with Dominion's website redirecting to libertyvote.com. The acquisition comes after Dominion faced baseless claims of election rigging, leading to defamation lawsuits, including an...
The S&P 500 and Nasdaq Composite retreated from all-time highs on Thursday amid the ongoing U.S. government shutdown. The S&P 500 fell 0.28% to close at 6,735.11, while the Nasdaq slid 0.08% to finish at 23,024.63. The Dow Jones Industrial Average also declined, dropping 243.36 points to close at 46,358.42....
Apple's entry-level AirPods are now available at their lowest price yet, a compelling $89 deal, representing a significant 31 percent markdown. This offer, a standout post-Prime Day bargain, applies to the non-noise-canceling models, hailed as the best budget option. Even the active noise-canceling versions are on sale, dropping from $180...
Ferrari has revealed initial details about its first all-electric vehicle, the Elettrica, set to debut next year. Boasting over 1,000 horsepower from four electric motors, the focus is on dynamic cornering capabilities and a unique, authentic engine sound generated directly from motor vibrations. The Elettrica will feature active suspension, independent...
Delta Air Lines CEO Ed Bastian indicated smooth operations amidst the federal shutdown, but warned of potential disruptions if it extends beyond 10 days. The aviation industry is already facing challenges with over 13,000 flight delays this week, partly due to air traffic controller shortages exacerbated by the shutdown. ...
