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Skechers to be acquired by 3G Capital in take-private deal, shares soar 25%

May 6, 2025

Footwear giant Skechers has agreed to be acquired by private equity firm 3G Capital for $63 per share, ending its nearly three-decade run as…

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Investing

Rite Aid files for second bankruptcy in two years

May 6, 2025
U.S. pharmacy chain Rite Aid on Monday filed for bankruptcy protection for the second time in as many years, according to a…
Stock

Uber to invest $700M for majority stake in Turkish food delivery firm Trendyol GO

May 6, 2025
Uber Technologies Inc. (NASDAQ: UBER) is in focus this morning after the ride-hailing giant said it will spend about $700 million to…
Stock

Brazil’s BB Seguridade Q1 profit up 8.3% on insurance gains and lower claims

May 6, 2025
Brazil’s BB Seguridade, the insurance and pension arm of Banco do Brasil, reported a first-quarter 2025 net income of R$1.995 billion, marking…
Politics

German conservative’s bid for chancellor falls short, a first in more than 75 years

May 6, 2025
Friedrich Merz, the conservative leader who was poised to become Germany’s next chancellor, failed to win enough votes to secure the country’s…
Politics

Vance, conservatives blast Omar over resurfaced ‘fearful of White men’ clip: ‘Genocidal language’

May 6, 2025
A resurfaced clip of Dem. Rep. Ilhan Omar, a member of the progressive ‘Squad’ in Congress, sparked a frenzy on social media…
Economy

Brent crude oil price forecast by Citi, Goldman Sachs, and Morgan Stanley

May 6, 2025
Brent crude oil price remained under pressure this week as concerns about global supply continued. It dropped to a low of $58.7…
Economy

Here’s why Warner Bros stock price could crash to $5 after earnings

May 6, 2025
Warner Bros. Discovery stock price has crashed and is hovering near its all-time low of $6.68 after plunging to a high of…
Investing

Temu halts shipping direct from China as de minimis tariff loophole is cut off

May 5, 2025
Chinese bargain retailer Temu changed its business model in the U.S. as the Trump administration’s new rules on low-value shipments took effect Friday. In…
Stock

AppLovin stock price analysis: chart points to a surge after earnings

May 5, 2025
AppLovin stock price rose for two consecutive weeks, reaching its highest level since March 24 as investors bought the dip. This recovery…
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