Persistent budget deficits have fuelled fears the US will monetise public debt of 114% of GDP. A simple hedge is to switch to ...

Richer, older Americans are carrying US consumer spending as income growth for the young slows. It’s now showing up in the lunch line, with burrito-slinger Chipotle losing $8 bln in value on weaker ...

A China-US trade war truce throws peanuts to American soybean farmers. Despite vows to ramp up in future years, a deal to buy 12 mln tons in 2025 is a 55% slip from 2024’s volume late in the season.

The owner of the storied 'Wizard of Oz' studio rejected a $58 bln takeover bid from its smaller rival to consider other options. Comcast and Amazon.com are plausible suitors and a breakup also makes ...

Novo Nordisk muscled in on Pfizer’s bid for US drugmaker Metsera with a $9 bln offer. The $226 bln Danish group is paying a bulky price, and constructed an overly complex deal larded with political ...

The $46 bln lender’s stock is up 66% in 12 months, outpacing rivals like HSBC. It now trades at 1.2 times tangible book value despite recent target-beating returns. Lower earnings in its third quarter ...

Apollo, KKR and others turbo-charged their credit divisions by selling annuities. It drove a surge in sales of the retirement ...

Microsoft, Alphabet and Meta spent another $60 bln combined in the quest to conquer machine learning. The Windows maker can ...

The country’s new leader wants to revive former PM Shinzo Abe’s reflationary agenda when prices are already rising at 3% a ...

The Finnish group gained over 20%, or $7 bln, after the chip giant unveiled a $1 bln investment. But the partnership is not ...

US and European lenders from Deutsche to Santander and JPMorgan are worth some 50% more, as a multiple of book value, than ...

ChatGPT’s parent has ditched its quirky structure, relaxing Microsoft’s exclusive grip. The tech giant gets 27% of the $500 ...