Hedge funds are scaling back their leveraged Treasury basis trades as declining profitability and improved market conditions reduce the appeal of the strategy. Funds committed to the trades have fallen 20% this year to...
Oracle is seeking to protect itself from potential cost increases linked to a major data centre project in New Mexico by issuing a “force majeure” notice to developer Blue Owl, Bloomberg News reported on...
Shares of MGM Resorts International plunged 10% on Thursday after media mogul Barry Diller’s People Inc withdrew its more than $18 billion proposal to acquire the casino operator. MGM shares fell to $33.90, their...
Qualcomm announced on Thursday that Apple has extended its patent-licensing agreement with the chip designer, even as the iPhone maker continues efforts to reduce its reliance on Qualcomm’s modem chips. The company did not...
Starbucks plans to close 250 underperforming coffeehouses across North America as CEO Brian Niccol intensifies efforts to revive sales and strengthen the company’s business. According to a regulatory filing on Thursday, the closures will...
Nupal Ayurveda has created history by becoming the first company from Kerala to receive the prestigious AYUSH Quality Mark certification. The recognition was conferred at a grand ceremony in Nagpur on September 23, 2026,...
Royal Caribbean Group has agreed to acquire a 50% stake in Caribbean resort operator Sandals Resorts International for $3 billion, expanding its presence in land-based vacation experiences. The deal aligns with the cruise company’s...
Meta Platforms is expected to unveil new smart glasses at its annual Connect conference on Wednesday, including camera-free models, as concerns grow over privacy and covert recording. The company, which partnered with EssilorLuxottica to...
McDonald’s on Wednesday announced an $8.5 billion franchisee support plan as part of its expanded growth strategy, NEXT, aimed at reviving momentum after several quarters of slower performance. Launched in June, the strategy focuses...
Verizon announced on Wednesday that it is investing $70 million in a nationwide initiative to provide artificial intelligence (AI) training to job seekers, small businesses and educators as the U.S. economy undergoes a major...