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Mars nears EU approval for $36B Kellanova deal
McLean-based candy and snacks giant Mars' $36 billion bid to acquire Pringles and Pop-Tarts maker Kellanova is set to clear a major hurdle by winning unconditional European Union antitrust approval, three people with direct knowledge of the matter said.
SoftBank to buy ABB robotics unit in $5.4B AI push
SoftBank will acquire ABB’s $2.3B robotics unit for $5.4B, advancing its AI strategy while ABB refocuses on electrification.
With the US government dark, alternate sources show a sluggish September for jobs
With official data delayed by the shutdown, alternate reports show a stagnant U.S. job market and support for another Fed rate cut.
CoreWeave signs $14 billion AI infrastructure deal with Meta
CoreWeave will provide Meta $14B in AI cloud computing power through 2031, boosting share prices and fueling AI infrastructure growth.
Trump threatens 100% tariff on foreign-made films
Trump says he’ll impose a 100% tariff on foreign films, alarming Hollywood studios that depend on global production and box-office revenue.
Trump administration says it will expand coal leasing, fund coal plant upgrades
WASHINGTON (Reuters) -The Trump administration will expand coal mine leasing on federal lands and provide hundreds of millions of dollars to support more coal-fired power generation, officials said on Monday. The plan is part of a broader effort by the administration to reverse the decline of coal use in the U.S., a fossil fuel that […]
Dollar set for second straight week of gains after data shows US economic resilience
NEW YORK (Reuters) -The dollar edged lower but was still on track for the second straight week of gains against major peers on Friday after data continued to show U.S. economic resilience, which might complicate the Federal Reserve’s efforts to cut interest rates. The dollar was down 0.1% to 149.65 against the Japanese yen, on […]
Starbucks to close stores, cut more jobs as CEO deepens restructuring
Starbucks will close underperforming stores and cut 900 jobs as CEO Brian Niccol pursues a $1B restructuring to revive sales and efficiency.
US implements EU trade deal, 15% autos tariffs retroactive to Aug 1
The Trump administration confirmed a trade deal with the EU, lowering auto tariffs to 15% and exempting aircraft, drugs, and raw materials.
Capital One $425 million settlement with depositors should be rejected, US states say
Eighteen states say Capital One’s $425M settlement cheats savers, letting the bank avoid $2.5B in payouts on high-interest accounts.
