Walgreens Boots Alliance (WBA) has entered into a definitive agreement to be acquired by an entity affiliated with Sycamore Partners, a private equity firm. The total value of […]
Economy
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7-Eleven’s Japanese owner appoints American CEO to fend off $47 billion takeover bid
Seven & I Holdings, the Japanese operator of the 7-Eleven convenience store chain, has appointed Stephen Dacus as its first foreign CEO. Dacus, who will take over on […]
Technology
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Broadcom Shares Surge Amid AI Growth and Optimistic Forecast
Broadcom’s shares experienced a significant rise as artificial intelligence growth drives an optimistic financial forecast. The company is tapping into a dynamic network of information, people, and ideas, […]
Economy
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Boots Acquired by US Private Equity Firm in $10bn Deal
Walgreens Boots Alliance, the owner of the UK pharmacy chain Boots since 2014, has been acquired by US private equity group Sycamore Partners in a $10bn (£7.7bn) deal. […]
Economy
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European Central Bank cuts rates again, says policy is becoming ‘meaningfully less restrictive’
The European Central Bank (ECB) cut interest rates by 25 basis points on Thursday, lowering its deposit facility rate to 2.5%. This move, widely anticipated by markets, reflects […]
Markets
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S&P 500 Gains and Losses Today: AI Stocks Fall After Soft Outlook From Marvell Technology
U.S. equity indexes experienced a sharp decline on Thursday as investor concerns centered on U.S. trade policy. Uncertainty over the Trump administration’s tariff decisions overshadowed markets, even after […]
Economy
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Gold Imports at Root of Record US Trade Gap Excluded From GDP
A striking surge in imports, largely driven by international gold traders rushing bullion to New York depositories, has propelled the US trade deficit to a record high, raising […]
Economy
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Trump’s Tariff Flip-Flops Revive ‘Stagflation’ Fears
President Donald Trump’s fluctuating decisions on tariffs against major trading partners are causing some economists to worry about a potential economic slowdown amid rising living costs. This week, […]
Technology
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SpaceX’s Starship Test Flight Ends in Explosion Over Florida
Nearly two months after an explosion impacted the Turks and Caicos, SpaceX launched its mammoth Starship rocket on Thursday. However, minutes into the test flight, contact was lost […]
Economy
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Walgreens is going private in an up to $24 billion deal
Walgreens Boots Alliance, a company with nearly a century of public trading history, is transitioning to private ownership in a deal valued at up to $23.7 billion. This […]