Bed Bath & Beyond Tumbles Toward a 30-Year Low as Meme Traders Stand By
The day-trading die hards who once rallied behind Bed Bath & Beyond Inc. appear to have abandoned the struggling retailer.
Bloomberg Business
Partners Group Nears Deal for Stake In £1 Billion Pharma Firm
Partners Group Holding AG is nearing a deal to acquire a minority stake in UK pharmaceutical manufacturing services provider Sterling Pharma Solutions, people with knowledge of the matter said.
Janus Henderson Bets Big on Hedge Funds, Alts After Outflows
Janus Henderson Group Plc’s new boss has a plan to revive the struggling money manager, whose clients have yanked about $130 billion since 2017. He’s leaning into active investing and pushing forcefully into alternative investments such as hedge funds and private credit.
EBay Gives Outlook Suggesting Sales Comeback Will Take Longer
EBay Inc. projected revenue in the current quarter that didn’t convince investors the company’s efforts to revive sales are beginning to work. The shares declined.
First Quantum Halts Copper Processing in Panama Amid Dispute
First Quantum Minerals Ltd. said it has been forced to stop processing copper at its giant mine in Panama after the government blocked it from loading the metal at a port in the country.
AI Mania Propels Nvidia Value by Nearly $220 Billion This Year
Nvidia Corp. is a clear winner in this year’s artificial-intelligence frenzy, at least going by stock market gains.
England Football Regulator Aims to Stop Super League Rebels
The UK unveiled major reforms to governance in the country’s top five football leagues, with an independent regulator focused on financial security, tougher ownership criteria and rules to stop teams joining breakaway competitions.
Nvidia Surges After AI Computing Push Drives Upbeat Outlook
(Bloomberg) — Nvidia Corp. jumped after giving a bullish revenue outlook for the current quarter, suggesting that a push into artificial intelligence processors is helping offset sluggish demand for personal computer chips.
Ex-Warburg Boss Removes Judge in his Cum-Ex Case Over Bias
(Bloomberg) — The judge in a key Cum-Ex prosecution against M.M. Warburg’s ex-chief executive officer has been removed from the case over allegations of bias.
US Unemployment Claims Drop to Lowest Level in Three Weeks
US claims for unemployment benefits unexpectedly fell to the lowest in three weeks, signaling unrelenting tightness in the labor market.
