Bankrupt trucker Yellow repays $700 million Covid loan, Teamsters blast ‘failed executives’
Bankrupt trucking company Yellow has fully repaid a controversial $700 million Covid loan to the U.S. Treasury Department, plus more…
Ken Griffin’s Citadel hedge fund rose 1.9% in January as volatility ramped up
Billionaire investor Ken Griffin’s flagship hedge fund rose last month as volatility made a return amid the debate about rate cuts,…
Superdry shares soar more than 100% as company considers going private
LONDON — Superdry shares soared more than 100% on Friday, as the embattled British fashion retailer confirmed that co-founder and…
Jeffrey Gundlach says all the ‘Goldilocks’ talk makes him nervous, thinks recession is still likely
DoubleLine Capital CEO Jeffrey Gundlach believes the Federal Reserve poured cold water on hopes for a “Goldilocks” economic scenario benefiting risk assets,…
Chinese hackers are determined to ‘wreak havoc’ on U.S. critical infrastructure, FBI director warns
Chinese government hackers are busily targeting water treatment plants, the electrical grid, transportation systems and other critical infrastructure inside the…
Walmart announces 3-for-1 stock split as shares hover below all-time high
Walmart announced a three-for-one stock split on Tuesday as the retailer’s shares sit just below their all-time high. The company…
Russian oligarch Dmitry Rybolovlev loses suit accusing Sotheby’s of art fraud
Russian billionaire Dmitry Rybolovlev on Tuesday lost a New York federal court lawsuit in which he had accused the Sotheby’s…
China’s luxury market is bouncing back. Analysts say these are new areas of opportunity
BEIJING — China’s luxury sales are rebounding, and while they’re not back to 2021 levels yet, industry analysts and financial…
Trafigura assesses Red Sea risks after tanker attacked by Houthis
Commodities trader Trafigura said on Saturday it was assessing the security risks of further Red Sea voyages after firefighters put…
