Americanas SA, the Brazilian retailer that counts billionaire Jorge Paulo Lemann among its main backers, sank 77% following the departure of its new chief executive officer after finding billions of dollars of accounting “inconsistencies.”
Newly appointed Special Counsel Robert Hur brings rare firsthand experience with a sensitive investigation carrying high legal and political stakes for a sitting president.
President Joe Biden’s handling of classified documents erupted into a political crisis with potential legal repercussions on Thursday after the attorney general appointed a special counsel to investigate the incident.
Over the past year, few things have mattered more to investors than inflation and the Federal Reserve’s campaign to tame it. But oh how things have changed.
New York City Mayor Eric Adams pledged on Thursday to work with George Santos as long as the embattled Republican serves in Congress.
Bed Bath & Beyond Inc. continued to surge on Thursday, rising for a fourth day and closing at the highest level since late October, after the company’s bankruptcy warning reignited interest from retail traders.
BigBear.ai soared 260% Thursday, the biggest one-day jump on record, after the US Air Force awarded a contract valued at up to $900 million.
(Bloomberg) — KB Home fell after its fourth quarter results showed a drop in new home orders, raising further concern over housing demand as builders’ stocks head into earnings season.
A new era of spending cutbacks in Hollywood may finally be impacting the number of TV shows in production, according John Landgraf, chairman of Walt Disney Co.’s FX content.
A review of the oil giant’s own climate research found that Exxon correctly forecast global warming while downplaying the threat in public.
