Reuters US Business

(Reuters) -Brookfield said on Monday it would buy the remaining 26% stake in U.S.-based asset manager Oaktree Capital Management for about $3 billion, as the investment firm looks to strengthen its credit business. Under the terms of the deal, New York-based Brookfield Asset Management and its parent, Brookfield, will fund roughly $1.6 billion and $1.4 …

Brookfield acquires remaining Oaktree stake for $3 billion to boost credit business Read More »

By Nell Mackenzie LONDON (Reuters) -Hedge funds last week rushed into global industrial stocks and dumped U.S. equities, which on Friday suffered their worst one-day sell-off since April as tariff woes resurfaced, Goldman Sachs said in two notes.  Hedge funds held more short than long positions in U.S. stocks for the first time in seven …

Hedge funds shift focus to global industrials, shed US stocks Read More »

By Max A. Cherney and Arsheeya Bajwa (Reuters) -OpenAI has partnered with Broadcom to produce its first in-house artificial intelligence processors, the latest chip tie-up for the ChatGPT maker as it races to secure the computing power needed to meet surging demand for its services. Shares of Broadcom rose more than 10%. The companies said …

OpenAI taps Broadcom to build its first AI processor in latest chip deal Read More »

By Rashika Singh (Reuters) -StubHub shares rose nearly 6% in early trading on Monday after a raft of upbeat ratings from brokerages lifted investor sentiment in the ticketing platform following a shaky market debut last month. J.P. Morgan, BofA Global Research and others highlighted the company’s leadership in secondary ticketing and its expansion into direct …

StubHub gains ground after analysts endorsements ease post-IPO jitters Read More »

(Reuters) -Analysts at the Bank of America and Societe Generale expect gold to reach $5,000 an ounce in 2026, they said on Monday, while Standard Chartered has raised its forecast for the metal to an average of $4,488/oz next year. Spot gold breached the $4,000 per ounce mark for the first time last week, and …

BofA, Societe Generale see gold at $5,000/oz in 2026 Read More »

(Reuters) -First Brands said on Monday founder Patrick James had stepped down as CEO and will be succeeded by Chief Restructuring Officer Charles Moore on an interim basis, as the auto parts maker advances its Chapter 11 bankruptcy process. The Ohio-based company, which makes filters, brakes and lighting systems, filed for bankruptcy protection in late …

First Brands CEO James resigns amid bankruptcy process; turnaround expert in charge Read More »