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The world's money news right now: markets, the economy, the companies and the deals moving capital across every continent today.
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FB Financial Q2 Profit Rises on Southeast Loan Growth
FB Financial's second-quarter earnings jumped on double-digit loan growth across the Southeast U.S., though intensifying deposit c…
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Laughing Water Capital Backs AnaptysBio Amid GSK Royalty Dispute
Laughing Water Capital has taken a new position in AnaptysBio, anticipating a lucrative settlement or acquisition as the biotech f…
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Delaware proposes AI-run company entity for sandbox
Delaware is developing a new legal structure that allows artificial intelligence to manage corporate affairs, aiming to bring auto…
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Dollar dips on soft CPI but hawkish Fed, Gulf risks limit losses
Soft US inflation pushed the dollar lower, but resurgent Gulf tensions and hawkish Fed warnings mean investors are retaining bets …
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Alexander's Shares Rise as Longleaf Highlights Value Gap
Alexander's stock gained 7.14% in a month after the REIT completed a non-core asset sale and leased its Queens shopping center to …
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Logistics Closures Erase 250 Jobs Amid Fresh Freight Bankruptcies
A wave of recent bankruptcies and facility closures across the US logistics sector signals deepening financial distress among smal…
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Meta's reported cloud pivot hits neocloud stocks
Shares in CoreWeave and Nebius fell sharply on reports that Meta Platforms plans to launch its own cloud computing service, threat…
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Should Nebius and CoreWeave Investors Be Scared by Meta's Latest Plans?
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AI power demand fuels utility M&A as consumer arrears hit $25bn
A wave of utility mergers led by NextEra Energy's acquisition of Dominion Energy highlights how artificial intelligence infrastruc…
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CleanSpark Lands First HPC Lease Worth Nearly $7 Bil. Bitcoin Leads CPI-Fueled Crypto Surge.
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IBM Suffers Biggest Share Drop in Its History
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CleanSpark signs $6.6bn data centre lease with tech tenant
CleanSpark has secured a $6.6 billion, 20-year lease for its Georgia campus, validating the Bitcoin miner's strategic pivot toward…
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Nova Minerals completes Estelle antimony plant engineering
Nova Minerals has finished engineering for its Alaska antimony pilot plant, moving the project into construction to target militar…
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Empire State Realty trades at half implied value
Longleaf Partners highlighted a recent Empire State Realty Trust asset sale that implies the New York REIT's shares are worth more…
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Tripadvisor shares rise on TheFork sale to American Express
Tripadvisor stock surged after selling its TheFork restaurant booking unit to American Express for a surprisingly high price, a mo…
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JPMorgan Upgrades Amex as Geopolitical Defensive Play
JPMorgan upgraded American Express to Outperform, arguing the card issuer's affluent customer base justifies a steep valuation pre…
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San Francisco Living Costs Require Up to $3.86 Million in Dividend Capital
Generating a $135,000 annual passive income stream in San Francisco demands up to $3.86 million in capital, highlighting the sever…
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US Retirees Hit by IRA Tax Trap in Record Charity Year
A record $617 billion in US charitable giving last year masked a costly tax trap for retirees who wrote checks from IRAs instead o…
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Bank of America Q2 profit jumps 27% on trading, IB surge
Bank of America posted a 27% jump in second-quarter profit to $9.1 billion, driven by a sharp rebound in investment banking and tr…
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JPMorgan Q2 profit $16.9bn as trading and deal fees surge
JPMorgan Chase posted a $16.9 billion second-quarter profit as a Wall Street trading and deal-making boom offset consumer headwind…
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Cincinnati's $1.9bn rail fund barred from housing
A $1.9bn windfall from the sale of Cincinnati’s railway to Norfolk Southern is legally trapped by state lawmakers, leaving the cit…
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Americans back plan to transfer half of AI stock to public fund
A new survey shows strong public support for a proposal to force OpenAI and Anthropic to surrender half their equity to a sovereig…
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Oakmark Buys Elevance Health on Bet Margins Will Recover
Harris Oakmark added Elevance Health to its equity and income fund, betting that temporary reimbursement mismatches will normalize…
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Truck Driver Pay Index Reaches Record High After Sharp Two-Month Surge
A joint payroll index from AscendTMS and Superior Trucking Payroll Services shows driver compensation hitting an all-time high, si…