Stocks
Tui boss Fritz Joussen quits
Fritz Joussen will step down after nine years at the helm of Tui. He has guided Europe's largest tour operator through a difficult merger and the aftermath of the Covid-19 pandemic.
S&P 500 rebounds 2.4% after sharp weekly decline
U.S. stocks rallied on Tuesday, leading the S&P 500 index to its best day since late May as traders hunted for bargains after a steep weekly decline in global equities sparked by central banks raising interest rates .
Strongest weekly decline in stock markets since the outbreak of the pandemic
US stocks posted their sharpest weekly slump since the outbreak of the coronavirus pandemic, after investors were spooked by a series of rate hikes by major central banks and the risk of an ensuing economic slowdown. The S&P 500 index ended the week down 5.8 …
Musk tells Twitter employees the company needs to "get well."
Elon Musk has warned Twitter employees that the company needs to "get healthy" and "rationalize headcount and expenses" as he addressed Social Media employees directly for the first time since the launch of his $44 billion takeover bid Media platform turned.
Crypto crisis: Coinbase lays off almost a fifth of its employees
Coinbase is laying off nearly a fifth of its workforce after a sharp drop in prices and cryptocurrency trading volume rattled some of the industry's biggest players.
US stocks down 3.9%, closing in bear market as inflation fears mount
US stock markets ended Monday on a bearish note after a dramatic sell-off at the end of the session, while Treasury yields surged as persistently high inflation and the prospect of aggressive monetary tightening by central banks unsettled investors are. Wall …
Qualcomm wants to invest in Arm
US chipmaker Qualcomm wants to take a stake in Arm along with its competitors, forming a consortium that would keep the British chip designer neutral in the highly competitive semiconductor market.
Glencore pleads guilty to bribery charges and pays $1.5 billion in fines
Glencore will plead guilty to multiple counts of bribery and market manipulation and pay fines of up to $1.5 billion after US, UK and Brazilian investigations uncovered corruption at one of the world's largest commodity traders. Britain's Serious Fraud Office …
Business leaders warn of the end of globalization
The three-decade era of globalization is threatening to reverse itself, according to business leaders and investors as leaders prepare to meet in Davos, Switzerland for the first time since the coronavirus pandemic began. The geopolitical ramifications of the …
After sell-off: Tiger Global is reducing its bets on technology companies
Tiger Global, the hedge fund known for its big bets on tech companies, has reduced its holdings and sold stakes in companies like Netflix and Rivian after suffering heavy losses during this year's stock market turmoil.