UPS Picks Goldman Sachs to Oversee Its $43.4 Billion Pension Funds

UPS has picked banking giant Goldman Sachs to handle its $43.4 billion pension fund assets in the United States and Canada.

Billionaire Frank McCourt Launches Bid to Acquire TikTok, Aiming to Forge an Alternative Internet

Billionaire Frank McCourt is organizing a group to acquire TikTok's US businesses, joining a growing list of investors seeking chances under a new legal order to sell the platform's Chinese parent com..

Berkshire Hathaway Reveals $7 Billion Investment to Swiss Insurer Chubb

Warren Buffet’s company Berkshire Hathaway divulged that it has recently made a $7 billion investment in Swiss insurer Chubb...

Embattled New York Community Bancorp to Sell $5 Billion of Mortgage Warehouse Loans to JPMorgan Chase

New York Community Bancorp (NYCB), a regional lender facing financial challenges, has announced its agreement to sell approximately $5 billion in mortgage warehouse loans to JPMorgan Chase...

Latest News

Bernard Arnault Moves to Tighten the Family's Hold on LVMH by Nominating 2 More Sons to Company's Board
LVMH head Bernard Arnault has proposed the appointment of his two sons to the company's board.
FTC to Investigate AI Deals of Tech Giants Microsoft, Amazon, and Google
The Federal Trade Commission (FTC) has initiated an inquiry into the substantial investments made by tech giants Microsoft, Amazon, and Google in AI startups like OpenAI and Anthropic.
Bitcoin Drops Below $40,000 for the First Time Since Bitcoin ETF Launch
Bitcoin dropped to a seven-week low on Monday, the lowest since the 11 spot bitcoin exchange-traded funds (ETF) rolled out earlier this month.
BioNTech Embarks on Breast Cancer Precision Drug Late-Stage Trial, Challenging AstraZeneca
BioNTech and its partner Duality Biologics have launched a late-stage trial to test their precision drug against a specific type of breast cancer, challenging a rival partnership between AstraZeneca a
Donald Trump-Linked Stocks Rise After Ron DeSantis Drops Out of 2024 Presidential Race
Some stocks linked to former President Donald Trump have soared after Florida Governor Ron DeSantis ended his 2024 presidential bid.
Macy's Ditches $5.8 Billion Takeover Bid After Investor Arkhouse Threatens to Take Offer Directly to Shareholders
Macy's has rejected a $5.8 billion offer from Arkhouse Management and partner Brigade Capital Management to take over the retailer.
Billionaire Warren Buffett Tells Citigroup CEO Jane Fraser to Continue Overhaul: Report
Citigroup CEO Jane Fraser has received an encouraging nod from billionaire investor Warren Buffett to proceed with the bank's overhaul.
JPMorgan Chase CEO Jamie Dimon Says He's Done Talking About Bitcoin After Trashing It One Last Time
JPMorgan Chase CEO Jamie Dimon said Wednesday on the sidelines of the annual World Economic Forum in Davos, Switzerland, that he's done talking about bitcoin.
Warren Buffett-Led Firm Berkshire Hathaway Buys Remaining 20% Stake in Pilot Travel From Haslam Family
The Warren Buffett-led conglomerate Berkshire Hathaway announced on Tuesday that it is buying the remaining 20% stake in the Pilot truck stop business of the Haslam family.
Goldman Sachs, Morgan Stanley 4Q Profits Still Beat Expectations
Goldman Sachs and Morgan Stanley have both posted fourth-quarter earnings results that beat analysts' expectations.
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