Business
Found 197 articles
Goldman Sachs Secures $70 Billion Pension Mandate from Industry Giants
Verizon Communications and Lockheed Martin have shifted $70 billion in retirement assets to Goldman Sachs, marking a significant expansion in the firm’s outsourced investment division. The deal encompasses $30 billion in pension funds and $40 billion in defined-contribution assets, signaling a deepening trend of corporate outsourcing for complex retirement portfolios.
Home sales stutter as prices hit record $440,600
A 2.4% drop in June home sales signals a cooling market, as buyers grapple with the dual burden of record-high property prices and stubborn mortgage rates. While analysts anticipated a modest gain, the National Association of Realtors reports that activity fell to a seasonally adjusted 4.09 million units.
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PepsiCo Shares Slip as Inflation Dents North American Sales
With gas prices hitting a four-year high of $4.56 per gallon in late May, American shoppers have begun pulling back on discretionary spending. This shift in consumer behavior weighed heavily on PepsiCo’s latest quarterly results, causing the company to miss earnings expectations despite robust demand in its international markets.
Levi Strauss Raises Forecasts After Beating Quarterly Targets
Used electric vehicle prices climb as fuel uncertainty fuels demand
Delta Cuts Perks for Premium Seats With New Basic Business Tier
Tech Giants Eye $2 Billion Bidding War for FIFA World Cup Rights
Stellantis brings the Fiat Topolino to the U.S. market
Rivian Shares Slide 10% Following $1.51 Billion Capital Raise
US Housing Market Shifts Toward Equilibrium as Buyer Leverage Grows
Toyota Shifts Tacoma Production to Texas in $3.6 Billion Expansion
Klarna moves to secure U.S. banking charter
Versant Media Group acquires Full Swing for $530 million
Airlines pivot to extended seasons as travelers flee peak summer heat
Corporate sponsors align with Trump-backed Freedom 250 anniversary events
Manhattan Luxury Market Defies Tax Fears
Beyond the Gate: Credit Card Giants Pivot to Experiential Exclusivity
Ford pivots from recall crisis to launch stability
Jersey Mike’s Targets NYSE Listing Amid Financial Surge
Premier Lacrosse League Eyes Independent Ownership by 2028
Stock market surge creates one million new millionaires
Ford quarterly sales slide as supply chain and EV demand falter
Jeff Bezos Dumps Capital Into AI Megarounds
AutoCamp capitalizes on luxury camping demand for holiday travel
Rivian Boosts Annual Delivery Forecast Following Strong Second Quarter
Jim Farley Demands Trade Penalties for Automakers Importing Vehicles
Steak Prices Hit Record Highs as Cattle Supplies Dwindle
Hybrid Sales Surge as U.S. Automakers Diverge
USMCA impasse clouds future of North American auto manufacturing
