Trump administration to pay French company $1B to drop U.S. offshore wind leases
The Trump administration has agreed to pay a French energy company $1 billion to cancel its offshore wind energy leases in the United States, according to NPR.
Business
Apollo caps investor withdrawals from flagship private credit fund
Apollo Global Management has reportedly restricted investor withdrawals from its flagship private credit fund, according to the Financial Times.
Shares rally, oil rebounds as Trump extends Iran ultimatum
Shares and oil prices rebounded sharply on Monday after U.S. President Donald Trump extended an ultimatum to Iran, according to Reuters.
Bank of America to Pay $72.5M in Epstein Lawsuit Settlement
Bank of America has agreed to pay $72.5 million to settle claims related to its ties to financier Jeffrey Epstein, according to multiple reports.
Chevron CEO Warns More Oil Shocks Are Coming Amid Market Volatility
Chevron CEO Michael Wirth has warned that more oil shocks are coming, according to TipRanks, as global energy markets face mounting uncertainty.
Shares Jittery as Oil Resumes Climb Amid Market Volatility
Global stock markets remained volatile on Thursday, with shares jittery following a fragile relief rally, while oil prices resumed their climb, according to Reuters.
Shares Jittery as Oil Rebounds Amid Fragile Relief Rally
Global stock markets showed signs of unease on Wednesday, with shares jittery despite a rebound in oil prices, according to Reuters.
Estée Lauder in Merger Talks With Puig
Estée Lauder Companies is in advanced merger talks with Spanish luxury group Puig, according to WWD, as both firms seek to strengthen their positions in the global beauty and fragrance market.
Trump Delays Iran Strike Amid Market Surge, Cites ‘Very Good’ Talks
President Donald Trump has postponed planned military strikes against Iran, citing 'very good' talks, as stock market futures surged on Monday, according to Yahoo Finance.
Apollo gives investors only 45% of requested withdrawals from $15 billion private credit fund
Apollo Global Management has only fulfilled 45% of investor requests for withdrawals from its $15 billion private credit fund, according to CNBC, raising concerns about liquidity and fund performance.
Philippine transport strikers demand Marcos Jr action on oil prices
Philippine transport workers are demanding President Ferdinand Marcos Jr take immediate action to control fuel prices, as rising costs have slashed their earnings and triggered widespread protests.
US House Passes Bill Funding Homeland Security Amid Shutdown
The US House of Representatives has passed a bill to fund the Department of Homeland Security (DHS) amid a partial government shutdown, marking a critical step in resolving the ongoing funding crisis. According to multiple reports, the move comes as over 100,000 government employees have gone a month without pay.
TACO back on the menu as trading resumes
TACO, the popular trading symbol, has returned to the menu after a brief absence, according to Reuters.
Intel Skipped Core Ultra 9 290K Plus, But It Surged in Benchmarks With 17% Higher Performance
Intel’s Core Ultra 9 290K Plus, despite being skipped in official releases, appeared on Geekbench with a 17% higher single and multi-core score than the Ultra 9 285K, according to Wccftech.
Trump and Iran Exchange War Threats as Hormuz Tensions Rise
President Donald Trump and Iranian officials have exchanged sharp warnings over potential military action, as tensions in the Strait of Hormuz continue to escalate, according to Yahoo Finance.