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News
Michael Dell's Family Office Eyes Baldwin Buyout
12+ hour, 54+ min ago (221+ words) DFO Management, the investment shop that manages the Dell family's wealth, is in advanced talks to purchase The Baldwin Insurance Group Inc., according to the Financial Times. The target is an insurance brokerage, and the parties could unveil a plan…...
Strait of Hormuz Vessel Hit as Oil Tops $100
12+ hour, 54+ min ago (427+ words) A commercial vessel was hit late Saturday while crossing the Strait of Hormuz, the United Kingdom Maritime Trade Operations Centre said, noting the strike involved an unidentified projectile. Flames erupted aboard the vessel, and nearby authorities helped evacuate the crew,…...
SoftBank Secures $11.87B Loan for OpenAI Bet
12+ hour, 54+ min ago (1109+ words) Briefs Finance Free Live Investors Workshop The dollar is losing value. Here’s how investors can still profit. SoftBank Secures $11.87 Billion Loan Tied to OpenAI Bet - SoftBank locked in a two-year, $11.87 billion loan to back its OpenAI investment, topping a $10 billion…...
Saudis Shut East-West Pipeline After Attacks
12+ hour, 54+ min ago (468+ words) Saudi Arabia temporarily shut the East-West pipeline late Friday following attacks a day earlier, sidelining a key route that has helped sidestep the Strait of Hormuz amid the US-Iran war. Officials have not given any indication of when operations will…...
EPA to Roll Back Power-Plant Carbon Rules Monday
12+ hour, 54+ min ago (1126+ words) EPA set to pull back power-plant carbon rules as soon as Monday Briefs Finance Free Live Investors Workshop The dollar is losing value. Here’s how investors can still profit. EPA set to pull back power-plant carbon rules as soon as…...
Study: Tying Medicare Drug Prices Abroad May Raise Costs
12+ hour, 54+ min ago (238+ words) Here is the rub: for roughly three quarters of the drugs, the team concluded that cutting Medicare's price would forfeit more US revenue than companies make from sales of the same medicine in whichever lower-cost reference nation sets the benchmark....
China's August Data May Force Stronger Stimulus
12+ hour, 54+ min ago (302+ words) China is set to report August readings for industrial production, fixed-asset investment and retail sales at 10 a.m. on Tuesday. Economists surveyed by Bloomberg expect factory output to rise 4.8% from a year earlier, faster than July's 4.5%. Retail sales are seen up 0.8% from…...
Housing Robots Shift From Hype to Helpful, Slowly
12+ hour, 54+ min ago (563+ words) Homebuilders are trying to deliver more houses with fewer skilled hands. The National Association of Home Builders pegs the current shortfall at roughly 1.2 million homes in its 2026 Housing Outlook. Nearly 300,000 construction roles were open as 2025 ended, and NAHB estimates the…...
Hong Kong Trust Tax Spurs Founder Share Sales
12+ hour, 54+ min ago (442+ words) Haidilao slumped after co-founder Shu Ping unloaded roughly $350 million of shares, sending the stock down 13% across two trading days to its weakest level since March 2022. The company didn't give a reason for the sale and didn't immediately respond to an…...
Chevron Australia: LNG Prices to Stay High
12+ hour, 54+ min ago (244+ words) If you were hoping your gas bill would get a breather, Chevron's Balaji Krishnamurthy is not betting on it. Speaking to Bloomberg TV on Monday, he stated, "I have a hard time seeing the prices come down" for approximately the…...