Private equity firms circle Peloton for potential buyout
Private equity firms have been circling Peloton for a potential buyout as it grapples with slowing sales and losses.
Stanley Druckenmiller cut his Nvidia stake in late March, says AI may be a bit overhyped short term
Druckenmiller said he reduced his Nvidia bet after “the stock went from $150 to $900.”
Shipping giant Maersk says Baltimore port reentry decision is near as collapsed bridge cleanup progresses
Maersk’s North American president says the Baltimore collapsed bridge cleanup is progressing and a decision on its port return will be made soon.
French cognac makers surge as Macron hints at cooling of China trade dispute
Shares of French cognac makers rallied on Tuesday after France’s Macron indicated that trade tensions between the EU and China about cognac imports may ease.
Self-driving startup Wayve just raised $1 billion from Nvidia, SoftBank, Microsoft and more
Wayve, the British self-driving car startup, said on Tuesday that it had raised $1.05 billion in an investment led by Japan’s SoftBank.
Spanish bank Sabadell rejects $12.9 billion BBVA merger proposal
Sabadell’s board rejected a merger proposal by larger rival BBVA for a 12 billion euro ($12.93 billion) all-share merger, the Spanish lender said on Monday.
Nintendo to announce new flagship Switch console this fiscal year
Nintendo said it sold 15.7 million units of its flagship Switch console in the year ended March 2024, beating its own forecasts.
Saudi Aramco upholds dividend despite drop in first-quarter profits
Aramco, which is the world’s largest oil exporter, expects total dividends of $124.3 billion to be declared in 2024, it said.
BP misses expectations as profits slip on weaker oil and gas prices
BP on Tuesday reported a fall in first-quarter profit, with results coming in below analyst expectations amid a “significantly weaker” margin in fuels.
UniCredit raises investor reward goal after profit tops forecast
UniCredit raised on Tuesday its investor reward guidance for the year, after posting a much higher net income than expected and further boosting capital levels.
