Oil’s latest surge has given investors a sharp reminder that the inflation trade is not finished. Brent crude futures rose $4.08, or 4.1%, on Thursday to settle at $104.28 a barrel, while U.S. West Texas Intermediate gained $3.21, or 3.6%, to $91.49.
Samsung Electronics has delivered a quarterly profit figure that would have looked implausible even at the start of the current artificial intelligence investment cycle. The South Korean group said Thursday that it expects third-quarter operating profit of about 107.4 trillion won, or roughly $80 billion, on consolidated sales
McKesson is using private equity to make a sizable but measured move into home infusion. The drug distributor and Clayton, Dubilier & Rice agreed Tuesday to acquire Option Care Health for $32.05 a share in cash, valuing the company at about $5.8 billion including debt. The price represents
Informa is making an unusually clear portfolio choice: it wants to become a more focused business-to-business events group, and it is willing to raise fresh equity, add debt and part with a longstanding academic publishing operation to get there. The FTSE 100 company said Tuesday that it would
Wall Street’s push toward round-the-clock trading has moved from concept to a concrete market structure experiment. OKXICE, the 50-50 venture between crypto exchange OKX and Intercontinental Exchange, has published a notice outlining a U.S. venue for tokenized stocks that would operate 24 hours a day,
Brazilian voters went to the polls Sunday in a presidential election that could shape the cost of capital in Latin America’s largest economy for years. President Luiz Inácio Lula da Silva faces Senator Flávio Bolsonaro, with 10 other candidates also on the ballot. If nobody wins more than 50%
Tesla gave investors a stronger-than-expected signal from its core automotive business on Friday, reporting 486,532 vehicle deliveries in the third quarter. That was comfortably above the company-compiled analyst consensus of 461,974 and helped lift the shares more than 5% in early trading. The result matters
Nike’s latest quarter offered evidence that its turnaround is gaining traction in performance products, but the company’s new full-year outlook makes clear that a broader recovery remains distant. The athletic-wear group is now pairing a deliberate reduction in product supply with a multiyear cost program, asking
China’s proposed controls on advanced solar-manufacturing technology mark a consequential shift in clean-energy trade. Beijing is not proposing to stop shipments of finished panels. It is seeking tighter control over the production knowledge that other countries need to manufacture the most advanced equipment themselves. For investors, that
Hormel Foods is making a $1.055 billion bet that its next leg of growth will be served through restaurant kitchens rather than grocery aisles. The company agreed Wednesday to acquire family-owned Brakebush Brothers, a century-old processor of value-added chicken, in a transaction that would substantially enlarge
Julius Baer has cleared a major regulatory obstacle, but the terms of its release show that Switzerland’s private bank still has years of supervised repair ahead. The Swiss Financial Market Supervisory Authority, FINMA, concluded a combined enforcement proceeding on Tuesday covering the bank’s former private-debt business and
Jefferies Financial Group delivered record quarterly revenue in investment banking and equities, offering an early signal that the revival in dealmaking and stock-market activity is translating into substantial fees. But weakness in debt underwriting, fixed-income trading and asset management shows that the recovery remains uneven, a distinction investors
