What’s “Froot Loops” in Italian? The European confectionary company Ferrero has agreed to buy WK Kellogg Co., the manufacturer of iconic American cereals, for $3.1 billion. The acquisition is set to bring the publicly traded maker of Froot Loops, Frosted Flakes and Rice Krispies under the privately owned Italian manufacturer…
President Donald Trump’s budget chief on Thursday said that Federal Reserve Chairman Jerome Powell “has grossly mismanaged the Fed” and suggested he had misled Congress about a pricey and “ostentatious” renovation of the central bank’s headquarters. The broadside by Office of Management and Budget Director Russell Vought opened up a…
Oak View Group CEO Tim Leiweke was indicted on a federal criminal conspiracy charge related to allegedly rigging a bid to develop, manage, and operate the University of Texas’ basketball and entertainment arena in Austin, the Department of Justice said Wednesday. Oak View Group, which will pay $15 million in…
SAN FRANCISCO — OpenAI is close to releasing an AI-powered web browser that will challenge Alphabet’s market-dominating Google Chrome, three people familiar with the matter told Reuters. The browser is slated to launch in the coming weeks, three of the people said, and aims to use artificial intelligence to fundamentally…
Braskem shares rallied on Wednesday after reports named the company as a key beneficiary of a proposed government incentive program targeting the domestic chemical sector.At 10:25 a.m. Brasília time, Braskem’s stock was up 7.53% at R$10, having briefly climbed more than 8% earlier in the session, according to local news…
All eyes are on Nvidia Corp (NASDAQ: NVDA) this morning as the artificial intelligence giant continued to extend gains and become the world’s first $4.0 trillion company.However, a senior JPMorgan analyst is all praise for a different chip stock instead. On Wednesday, Harlan Sur reiterated his “overweight” rating on Broadcom…
Linda Yaccarino has stepped down as CEO of X, the platform once known as Twitter, bringing an eventful chapter to a close. Over the past two years, she was at the center of one of tech’s most ambitious and chaotic transformations. Handpicked by Elon Musk in June 2023, the veteran…
After imposing heavy tariffs on 14 nations and revealing plans to push import duties on the copper and pharma sector, US President Donald Trump on Wednesday delivered letters to seven more nations.The countries that came under fresh fire from Donald Trump include the Philippines, Brunei, Moldova, Algeria, Iraq, Libya and Sri Lanka.Donald Trump shared the…
Apple Inc. is facing increased pressure from analysts to rethink its leadership strategy as it navigates a critical juncture in its evolution. Following the announcement that Chief Operating Officer Jeff Williams will retire later this year, LightShed Partners analysts Walter Piecyk and Joe Galone issued a stark warning: Apple may…
Asia-Pacific stock markets began Thursday’s session with a mixed performance, as investors navigated a complex landscape of new US tariff announcements from President Donald Trump and a key interest rate decision from the Bank of Korea. While some regional bourses found positive footing, Japanese stocks slipped, and Indian benchmarks like…