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Carlisle Made Multiple Unsolicited Bids for Owens Corning. Owens Corning Isn't Interested.

New Delhi, July 2 -- one company is being told it might be worth considerably more than its recent trading price; the other is being told it may be about to spend a very large sum on something the tar... Read More


Exelon CEO Warns US Could Face Blackouts as Early as 2027 as AI Drives Unprecedented Demand on Power Grid

Butler, July 2 -- WASHINGTON - The check engine light is on for the American power grid, and Calvin Butler is not sure anyone wants to look under the hood. the grid is not growing fast enough to abso... Read More


Warsh Makes His Global Debut at Sintra, Declines to Signal July, and Buries Forward Guidance Alongside Lagarde and Bailey

New Delhi, July 1 -- Markets spent two hours on Wednesday waiting for Kevin Warsh to say something useful about July. He did not oblige them. What he gave instead was something more consequential for ... Read More


Boeing IT Outage Shut Down Factories Coast to Coast on the Last Day of Q2

New Delhi, July 1 -- The worst moment for an airplane manufacturer to lose its computer systems is the last day of the fiscal quarter, when dozens of jets are typically waiting on final inspections, p... Read More


Getty Images Abandons $3.7 Billion Shutterstock Merger After UK Regulator Demands Divestiture of Rex Features and Backgrid

New Delhi, July 1 -- sell off Shutterstock's entire global editorial business before the deal can close. The UK Competition and Markets Authority issued its final report on May 15 requiring the compl... Read More


Nike Q4 Profit Beat Was Powered by a $986 Million Tariff Refund. China Fell 17%.

BEAVERTON, July 1 -- Nike reported a profit in its fiscal fourth quarter that beat Wall Street's expectations by a wide enough margin to move the stock after hours. Most of the beat came from a single... Read More


SEC Mulls New ETF Rules as a $16 Trillion Boom Outgrows the Regulatory Playbook

WASHINGTON, July 1 -- The rules the Securities and Exchange Commission uses to govern exchange-traded funds were written in 2019. The industry they were meant to oversee now holds more than $16 trilli... Read More


Bitcoin Hits 21-Month Low as Strategy's First Sale Shatters the Market's Last Guarantee and Fed Rate Fears Drain ETFs

New Delhi, July 1 -- NEW YORK - For more than two years, the single most important fact in the Bitcoin market was that Strategy Inc. would never sell. On Tuesday, it did. Strategy Inc. MSTR disclosed... Read More


Iran's Weekend Strikes Put India's First Rupee Gain Since February on the Line

New Delhi, June 29 -- The Indian rupee had done something it had not managed in four months: it was winning. Through most of June, the currency held at 84.3950 against the dollar - a first monthly gai... Read More


Gold Is Falling Because the US-Iran War Is Making the Fed More Likely to Raise Rates

New Delhi, June 29 -- a flight to safety, a bid for the haven. On Sunday, as fresh US-Iran strikes rippled across the Strait of Hormuz and Iranian missiles hit American military facilities in Kuwait a... Read More