Roubens Andy King

Business

BP’s Castrol unit gets One Rock Capital Partners’ bid, Bloomberg News reports

(Reuters) -One Rock Capital Partners, a U.S. private equity firm, is one of the few remaining bidders for BP's Castrol lubricants business, Bloomberg News reported on Wednesday, citing people familiar…

Invest News

Still Misperceived? A Fresh Look at Bitcoin Volatility

Perception does not always match reality. We suspected this may be the case when it comes to the widely held belief that Bitcoin is considerably more volatile than other asset…

Investing

Luminar Technologies, Inc. (LAZR) Stock Sinks As Market Gains: Here’s Why

Luminar Technologies, Inc. (LAZR) ended the recent trading session at $3.39, demonstrating a -10.32% change from the preceding day's closing price. This change lagged the S&P 500's 0.07% gain on…

Trading

ECB holds interest rates steady amid tariff uncertainty, Fed eyes similar path

Faced with tariffs and other geopolitical unknowns, the European Central Bank (ECB) on Thursday adopted a “wait-and-see” approach to interest rates. That’s the same action the Federal Reserve has been…

Tech

Intel plans to cut its workforce from 96,400 that it reported at the end of June to 75,000, or about 15%, through attrition and “other means” by the end of 2025 (Reuters)

Featured Podcasts Techmeme Ride Home: The US AI Action Plan The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date. Subscribe to Techmeme Ride…

Finance Expert

This Company Wants to Be the MicroStrategy of Stablecoins. Should You Buy Its Stock Now?

Many Bitcoin Gold Coins by Tevarak via iStock Stablecoins promise to transform finance by combining the stability of traditional fiat currencies with the speed of blockchain technology. Companies aligned with…

Business

Private equity bids for Forward Air rolling in, report says

Shares of Forward Air were up 10% in late-day trading on Wednesday following a Reuters report that “a handful of private equity firms” have submitted bids to acquire the trucking…

Invest News

1 Overlooked Signal Before You Buy ComfortDelGro for a Potential 7% Dividend Yield

ComfortDelGro shares now trade at 5.5% dividend yield – good. If profits keep growing, I’m not surprised it could hit 7% yield. That said, I want to share an important…

Investing

Dow, S&P 500, Nasdaq futures climb as Trump downplays Powell tensions

US stock futures climbed after President Trump visited the Federal Reserve and Wall Street digested the latest batch of corporate earnings. Futures attached to the Dow Jones Industrial Average (YM=F),…

Trading

Owner of Louis Vuitton and Dior stumbles hard, leans on beauty

Something is cracking at the top. It’s not often you see the world’s biggest luxury empire wobble. But the conglomerate LVMH just announced its first-half earnings, and underneath the polish,…