FinanceJun 8
California Legal Cannabis Sales Drop 11% as Black Market Maintains Majority Share
Legal marijuana sales in California declined 11% while illegal markets continue to capture over 60% of total cannabis consumption in the state.
2 sources
FinanceApr 13
Private Equity and Hedge Fund Firms Announce Strategic Shifts and New Ventures
Several major investment firms made strategic announcements including fund closures, new fundraising, and business restructuring.
4 sources
FinanceJun 8
U.S. Steel Plans Major Renovation of Oldest Plant; Honeywell Maintains 2024 Guidance
U.S. Steel announced renovation plans for its oldest facility while Honeywell reaffirmed financial projections amid aerospace division spinoff preparations.
2 sources
FinanceMar 6
BrewDog Founder Apologizes as Job Losses Follow Company Sale
BrewDog founder James Watt has apologized to staff and investors after hundreds of jobs were lost following the sale of the brewery and pub chain.
4 sources
FinanceMay 11
Spirit Airlines Files for Bankruptcy as Asset Recovery Firms Move to Reclaim Aircraft
Spirit Airlines has filed for bankruptcy protection, triggering the process for asset recovery firms to reclaim dozens of leased aircraft.
2 sources
FinanceApr 17
Fed Advises Banks Against Aggressive Pushback on New Capital Requirements
The Federal Reserve has privately told major banks not to aggressively oppose proposed new capital rules, according to sources.
3 sources
FinanceApr 13
Mixed Global Market Conditions as India Faces Outflows, Italy Under Pressure
Global markets show varied trends with India experiencing foreign outflows, Italian debt facing pressure, and UK pension fund making major US investment.
4 sources
FinanceMar 6
Oil at $85 Creates Winners and Losers Among African Economies
Rising oil prices to $85 per barrel would benefit major African oil exporters like Nigeria and Angola while pressuring import-dependent economies.
7 sources
FinanceMay 20
China Reduces Government Spending While Indian Rupee Hits Record Low
China implemented its largest spending cuts in six months while India's central bank intervened as the rupee fell to historic lows against the dollar.
2 sources
FinanceMay 29
NextEra Energy Faces Scrutiny Over Political Influence as It Pursues Dominion Deal
NextEra Energy encounters criticism over its political activities in Florida while seeking to acquire Dominion Energy.
2 sources
FinanceMar 24
Asian Markets Fall as Trump Iran Ultimatum Raises Energy Supply Concerns
Asian stocks declined Monday after President Trump's weekend ultimatum to Iran heightened tensions and pushed oil prices higher, reducing hopes for Federal Reserve rate cuts.
3 sources
FinanceMay 20
Apollo CEO Marc Rowan Faces Allegations of Misusing Company Resources
Marc Rowan, CEO of private equity firm Apollo Global Management, has been accused of improperly using company resources for political activities.
2 sources
FinanceMay 20
Berkshire Hathaway Takes $2.6 Billion Stake in Delta Air Lines
Warren Buffett's Berkshire Hathaway acquired a $2.6 billion position in Delta Air Lines during the first quarter under CEO Greg Abel.
2 sources
FinanceApr 10
Corporate Leadership Changes Across Multiple Industries
Several major companies announced executive changes and ownership adjustments across tobacco, fashion, beverage, and other sectors.
7 sources
FinanceApr 21
Capital One Revenue Declines 2% in First Quarter Despite Lower Credit Loss Provisions
Capital One Financial reported a 2% decline in first-quarter revenue to $15.23 billion, while provisions for credit losses decreased during the period.
4 sources
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