Carl Icahn’s Net Worth Jumps by $1 Billion as Company’s Shares Surge on Loan Agreement
Carl Icahn’s fortune got a $1.1 billion boost Monday after his Icahn Enterprises LP disclosed amended loan agreements with its iconic founder.
Bloomberg Business
Big Banks Face Higher Capital Requirements From US Regulators
Major banks are facing one of the biggest regulatory overhauls since the financial crisis, setting up a clash over the amount of capital that they have to set aside to weather tumult.
Cava Is the New Chipotle, Analysts Say
Cava Group Inc.’s stock has surged since it started life as a listed company last month, and analysts generally agree further gains are on the way, with some comparing the fast-casual restaurant chain with another investor favorite: Chipotle Mexican Grill Inc.
Sonic the Hedgehog’s US Workers Vote to Join Union
The US home of Sonic the Hedgehog is now a union shop.
Judge Refuses to Pause Ban on US Agency Social-Media Contact
A federal judge in Louisiana denied a request by the US government to delay an order he imposed last week banning federal agencies and officials from communicating with social media companies.
US Consumer Borrowing Rises at Slowest Pace Since Late 2020
US consumer borrowing slowed to a more than two-year low in May, reflecting the first decline in non-revolving credit since the onset of the pandemic.
BlackRock Sees Model-Portfolio Investing Growing to $10 Trillion by 2028
BlackRock Inc. expects the model-portfolio realm of money management to grow to a $10-trillion business over the next five years.
Oil Falls as Light Summer Trading Hardens Technical Resistance
Oil dropped as light summer trading volumes exacerbated pressure from technical resistance levels.
Volcanic Eruption Begins in Iceland After Earthquakes
A volcanic eruption has begun near Iceland’s capital following days of seismic activity, with travelers likely to be spared any disruption.
Wells Fargo Names Dawson Her Many Horses Managing Director
Wells Fargo & Co. named Dawson Her Many Horses, the company’s head of Native American banking, a managing director.
