Saks Global rebrands after slashing debt by nearly $3 billion, securing new ownership and liquidity to expand US luxury retail. Exemplar Luxury Group (ELG) has exited Chapter 11 after reducing its total debt by approximately 75%, equating to nearly $3 billion in cuts. The
A $120,000 portfolio at 5% yield or $171,400 at 3.5% covers $6,000 yearly cleaning expenses without touching principal. Funding a $6,000 annual housekeeping budget requires a $120,000 portfolio yielding 5% or $171,400 at 3.5%, based on dividing the cost by the yield. The c
Get daily, sector-specific newsletters packed with expert insights, fresh ideas, and new opportunities. Subscribe to Newsletters Ipsen (IPSEY) to acquire U.S.-based Kartos Therapeutics for $450M in cash, expanding its late-stage oncology portfolio with a Phase III blood ca
Scion Asset Management founder Michael Burry buys December 2028 call options on MSFT at a $700 strike price. Michael Burry, founder of Scion Asset Management, has taken a rare bullish position on Microsoft (MSFT) by purchasing December 2028 LEAP call options with a strike
Researchers compare the impact of AI on knowledge workers to the 1980s manufacturing collapse, risking widespread job losses. AI-driven automation is reshaping the job market for white-collar professionals earning over $60,000 annually, according to labor market researcher
Termination frees i-80 Gold from annual delivery of 40,000oz of gold, enabling flexible sales and stockpiling strategies. I-80 Gold will terminate its gold offtake agreement with Vox Royalty, settling with 3.45 million shares valued at $4.8m, or $1.39 per share. The shares
Naspers reported FY non-GAAP EPS of $3.20, exceeding expectations by $2.26, as revenue surged to $10.85B. Naspers ADR posted FY non-GAAP earnings per share of $3.20, beating estimates by $2.26, driven by a 51.1% year-over-year revenue increase to $10.85B. The result surpas
Space Exploration Technologies (NASDAQ: SPCX) has finally completed its groundbreaking initial public offering (IPO). The IPO officially raised around $86 billion, with another $25 billion in capital expected Potentially armed with more than $110 billion in cash, expect Sp
Investors react to a pause in U.S.-Iran hostilities, lifting stock index futures despite lingering oil supply concerns. S&P 500 futures climbed in early trading Monday as markets responded to a temporary easing of U.S.-Iran tensions. The pause in hostilities provided short
The tech investor reported an 84% surge in ecosystem profits for the year ended March 31, 2026, despite missing EPS estimates. Prosus reported an 84% increase in ecosystem profits for the fiscal year ended March 31, 2026, driven by record free cash flow of $1.5 billion. Th
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