Estee Lauder Raises Forecasts as Prestige Beauty Demand Fuels Turnaround
Estee Lauder is stepping up brand investments and reducing its reliance on discounts and promotional offers as its turnaround strategy gains momentum. Chief Executive Stephane de La Faverie announced the move on Monday after...
China’s US Farm Imports Hit Seven-Year Low Despite $17 Billion Trade Pledge
China’s purchases of US agricultural products, excluding soybeans, are on track to reach a seven-year low in 2026, raising doubts about its commitment to an annual $17 billion import deal with Washington. Although the...
Apollo Launches €10 Billion European Credit Platform to Support Regional Investments
Global asset management firm Apollo has launched a €10 billion European credit platform, aiming to capitalise on rising demand for private financing as Europe increases investments in defence, energy and infrastructure. Named the European...
SpaceX in Talks to Acquire Boost Mobile or Access Its Network
SpaceX is reportedly in discussions with EchoStar to acquire its wireless service, Boost Mobile, or secure access to its existing network, according to a Washington Post report. The talks, which have taken place over...
Marvell Technology to Acquire Lumentum in $115 Billion Deal to Expand AI Chip Business
Marvell Technology has announced a $115 billion all-stock acquisition of optical components maker Lumentum, including debt, in one of the biggest technology deals of 2026. The acquisition marks a major strategic move by the...
AI Search Impact and Weak Outlook Drag Down Reddit and Pinterest
Reddit shares plummeted 23% in premarket trading on Friday following a warning from the company that Google’s expanding use of AI in search is reducing referral traffic and threatening its user growth. The social...
Fluor Corp Joins US-Led Bids to Develop Kenya’s Multibillion-Dollar Critical Minerals Deposit
American engineering firm Fluor Corp is among a group of predominantly U.S. investors vying to develop Kenya’s vast Mrima Hill critical minerals site. Kenyan Mining Minister Hassan Ali Joho disclosed that five international consortia...
Binance Hit by $6.3 Billion Cyber Heist, Suspected North Korean Hackers Blamed
Hackers have stolen approximately $6.3 billion from Binance, the world’s largest cryptocurrency exchange, in what analysts described as potentially the largest financial heist in history. Blockchain analysis firms TRM Labs, Chainalysis and Elliptic expressed...
Kalshi Raises $1 Billion at $40 Billion Valuation
Kalshi, the New York-based prediction-market startup, has raised $1 billion in a new funding round, valuing the company at $40 billion as it seeks to expand beyond event-based contracts and compete with traditional financial...
DoorDash to Acquire Instacart in $17 Billion Deal
DoorDash has announced plans to acquire Instacart in a deal valued at approximately $17 billion, strengthening its position in the rapidly growing US grocery delivery market. The agreement offers Instacart shareholders $65 per share,...