Jefferies has publicly accused auto-parts firm First Brands Group of defrauding one of its funds, a sharp escalation in a story that has roiled credit markets and left investors scrambling for answers.The claim came as Jefferies disclosed that a Leucadia Asset Management fund, Point Bonita, holds roughly $715 million of…
Hims & Hers Health Inc (NYSE: HIMS) started this week on a positive note after announcing its expansion into menopause-related treatments – a large and underserved market.However, the rally is fading rather quickly. On Friday, the telehealth stock tanked another 15% as Andrew Dudum, the company’s chief executive, confirmed he’s…
Oracle stock (NYSE: ORCL) tumbled 6.5% on Friday, wiping billions from the market value of the enterprise software giant as investors parsed the company’s long-term AI and cloud ambitions against the short-term costs of scaling. The stock swung sharply after an analyst event in Las Vegas where management laid out…
Heathrow Airport is preparing for a major leadership transition as former BT Group chief executive Philip Jansen emerges as the frontrunner to become its next chairman, reported Sky News. The move comes as Britain’s largest aviation hub pushes ahead with a long-awaited £50 billion expansion plan, including the construction of…
HDFC Bank Ltd., India’s largest private sector lender, reported a stronger-than-expected profit for the September quarter, supported by steady loan growth and improving asset quality, even as pressure on margins persisted. The results highlight the bank’s resilience amid a challenging deposit environment following its merger with Housing Development Finance Corp.…
Hungary has suddenly found itself at the center of an massive diplomatic project: hosting a high-stakes meeting between US President Donald Trump and Russian President Vladimir Putin that both sides say could help push toward talks on the Ukraine war.The idea is politically useful for Budapest as Prime Minister Viktor…
US President Donald Trump said on Friday that his proposed 100% tariff on Chinese goods was not meant to be permanent.He described the decision as unsustainable in the long term but insisted that it was necessary.Trump said during the interview:It’s not sustainable, but that’s what the number is. They forced…
A turbulent Friday across Europe as the BBC faces a formal rebuke from Ofcom over a “misleading” Gaza documentary, Spanish police reopen the Mango founder’s death as a homicide case, UK bank stocks plunge amid US financial jitters, and Ferrari reins in UK sales following the end of Britain’s non-dom…
President Donald Trump signaled on Friday that he may meet Chinese leader Xi Jinping within weeks and reiterated his controversial assertion that India will stop buying Russian oil.The latest remarks came as Ukrainian President Volodymyr Zelenskyy arrived at the White House for crucial talks on long-range weapons and peace negotiations.The…
A €17 billion ($19.72 billion) joint bid by Bouygues Telecom, Iliad-owned Free and Orange for most of the assets of SFR, France’s second-largest telecom operator, could serve as a key test for Europe’s telecoms market, Reuters said in a report.The non-binding proposal that could reduce the number of French network…