(Reuters) -U.S. pharmacy chain Rite Aid is weighing a possible repeat bankruptcy after its recent financial restructuring failed to put the drugstore chain on a sustainable path, the Wall Street Journal reported on Friday. The company has also been pursuing a sale of some or all of its businesses as a potential alternative to a …
Rite Aid weighs repeat bankruptcy filing, WSJ reports Read More »
By Anna Tong OAKLAND (Reuters) – – Billionaire Elon Musk’s lawsuit against OpenAI will go to a jury trial in spring 2026, the federal judge presiding over the case decided on Friday. Last month, OpenAI and Musk agreed to fast-track a trial over OpenAI’s for-profit shift, the latest turn in a grudge match between the world’s richest …
Musk and OpenAI jury trial to begin in spring next year Read More »
By Amanda Cooper and Dhara Ranasinghe LONDON (Reuters) -Global markets have been sucked into a downdraft after U.S. President Donald Trump’s sweeping tariffs, setting investors’ go-to warning lights flickering but not yet flashing red. S&P 500 companies have shed $5 trillion in stock market value, an all-time two-day plunge for the benchmark, surpassing a two-day …
Market warning lights flash amber after Trump tariff shock Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) -Alarm about the fallout from President Donald Trump’s sweeping tariffs gripped global financial markets, with Wall Street’s fear level at a five-year high while financial executives expressed shock and worry about economic growth. Trillions were wiped off stock market values as investors said they were fearful about the …
Financial markets face fear, shellshock as global trade war looms Read More »
By David French (Reuters) -Wall Street nosedived for a second straight day on Friday, confirming the Nasdaq Composite was in a bear market and the Dow Jones Industrial Average was in a correction, as an escalating global trade war spurred the biggest losses since the pandemic. The Dow Jones Industrial Average, S&P 500 and the …
Trump tariff tailspin worsens, Nasdaq confirms in bear market Read More »
By Nicole Jao NEW YORK (Reuters) -Shares of U.S. refiners fell to near two-year lows on Friday in the wake of U.S. President Trump’s announcement of new tariffs, as fears of slower fuel demand and weakening refining margins rattled investors. Top refiners Marathon Petroleum, Valero Energy and Phillips 66 have shed more than $20 billion …
US refiners’ shares hit near two-year lows as Trump tariffs spur fuel demand fears Read More »
By Joey Roulette and Marisa Taylor WASHINGTON (Reuters) -Elon Musk’s SpaceX, United Launch Alliance and Jeff Bezos’ Blue Origin on Friday won U.S. Space Force rocket launch contracts worth a combined $13.5 billion through 2029 to send some of the Pentagon’s most sensitive and complex satellites into space. The Space Force’s flagship National Security Space …
SpaceX, ULA, Blue Origin clinch $13.5 billion-dollar Pentagon launch contracts Read More »
(Reuters) – B. Riley Financial said on Friday it had received a delinquency notification letter from the Nasdaq following a delay in the filing of its annual report. While the notice has no immediate effect on B. Riley’s listing, the Nasdaq has informed the company that it must submit a plan by June 2 to …
B. Riley receives Nasdaq notice over annual report delay Read More »
(Reuters) -Walmart on Friday denied a report from ABC News that it was considering joining a group of investors to buy short video app TikTok. Earlier on Friday, ABC News reporter Selina Wang said in a post on X that the world’s largest retailer was “actively considering” joining a group of investors to buy the …
Walmart denies ABC News report it could join investor group to buy TikTok Read More »
By Lewis Krauskopf NEW YORK (Reuters) -Tariff-stunned markets face another week of potential tariff turmoil, with fallout from President Donald Trump’s sweeping import levies keeping investors on edge after the worst week for U.S. stocks since the onset of the coronavirus crisis five years ago. Investors will look for signs the stock market may be …
Shell-shocked markets brace for more tariff tumult Read More »
