German reinsurers took a $1.9 billion profit hit from LA wildfires in first quarter
An aerial view of homes destroyed in the Palisades Fire on January 27, 2025 in Pacific Palisades, California. Mario Tama
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British fintech Revolut tops $1 billion in profit as revenue jumps 72%
Revolut CEO Nikolay Storonsky at the Web Summit in Lisbon, Portugal, Nov. 7, 2019. Pedro Nunes | Reuters LONDON —
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Tanking oil prices could more than double Saudi Arabia’s deficit to $75 billion and threaten
Riyadh, Saudi Arabia. Johnnygreig | E+ | Getty Images Crashing oil prices triggered by waning demand, global trade war fears
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GM board approves new $6 billion share buyback authorization
General Motors CEO Mary Barra, center, at the New York Stock Exchange, Nov. 17, 2022. Source: NYSE DETROIT – General
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Tiana’s Bayou Adventure is the next step in Disney’s $60 billion theme park investment
Tiana’s Bayou Adventure opens June 28 at Walt Disney World Resort in Florida. The ride will take guests on a
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Elliott takes $1.9 billion stake in Southwest Airlines, seeks to oust CEO and chair
Activist hedge fund Elliott Management has amassed a $1.9 billion stake in Southwest Airlines and plans to push for leadership changes at the airline
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Hanesbrands to sell Champion brand to Authentic Brands in $1.2 billion deal
A shopper walks past the American sportswear fashion brand Champion store in Hong Kong. Budrul Chukrut | Getty Images Hanesbrands
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Ron Baron, big Tesla shareholder, supports Elon Musk’s $56 billion pay package
Billionaire investor Ron Baron, longtime Tesla bull and shareholder, wrote an open letter in support of CEO Elon Musk’s controversial
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Pfizer aims to save $1.5 billion by 2027 in first wave of new cost cuts
Exterior view of the Pfizer headquarters building in New York City on Jan. 29, 2023. Kena Betancur | Corbis News
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‘Bidenomics’ on Main Street: Lending to women-owned small businesses tops $5 billion, SBA
Thomas Barwick | DigitalVision | Getty Images It wasn’t too long ago that women who needed business capital didn’t struggle
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