News | Wall st - Page 3

January 19, 2024

Business

Wayfair lays off 13% of its workforce weeks after telling employees to work harder

Wayfair announced Friday it's laying off 1,650 employees.

January 15, 2024

Business

How Adebayo Ogunlesi’s contrarian bet led to $12.5bn BlackRock tie-up

Global Infrastructure Partners co-founder steps into the limelight with ‘transformational’ deal

Ogunlesi’s Global Infrastructure Partners pioneered a $1tn sector that is one of the fastest growing segments of money management © Bloomberg

January 13, 2024

Tech

Microsoft's market cap hit $2.89 trillion as it overtook Apple as the world's most valuable public company

Microsoft's market cap hit $2.89 trillion on Friday as it knocked Apple off the top spot.

By Editors Desk

Microsoft Chairman and CEO Satya Nadella. Ethan Miller / Getty

January 12, 2024

Business

Citigroup to cut 20,000 employees

Shares of Citi were down 1.2% in afternoon trading.

By Editors Desk

Citi says it will also shed 40,000 jobs after the spin off of the bank's Mexican retail unit. John Keeble/Getty Images

January 12, 2024

Business

BlackRock to buy Global Infrastructure Partners for $12.5bn

Deal would create world’s second-biggest infrastructure firm and shake up private market investing

The BlackRock headquarters in New York.Photographer: Angus Mordant/Bloomberg

January 11, 2024

Business

Microsoft neck and neck with Apple in fight to be world’s most valuable company

Artificial intelligence boom propels software giant to $2.9tn market value

By Editors Desk

January 01, 2024

Business

AI is the big tech story, luxury is losing some of its sparkle and more private equity firms may head for the public markets

By Editors Desk

© FT montage/Bloomberg/IMAGO/Dean Pictures/Reuters/Anadolu Agency/AFP/Getty Images

December 23, 2023

Business

Prada Is Expanding Its NYC Presence With Pair of Building Purchases

Property next to Fifth Avenue store purchased for $410 million

The Prada store on New York’s Fifth Avenue.Photographer: Beata Zawrzel/NurPhoto/AP Photo

December 03, 2023

Business

Alaska Air Agrees to Buy Rival Hawaiian in $1.9 Billion Deal

The deal could “improve fares, though increase complexity by adding long-haul operations from Hawaii to US cities and into Asia,” Bloomberg Intelligence analysts George Ferguson and Francois Duflot wrote in a note.

By Editors Desk

Alaska and Hawaiian Airlines planes takeoff from San Francisco International Airport (SFO) in San Francisco, California.Photographer: Tayfun Coskun/Anadolu Agency/Getty Images

November 28, 2023

Business

Reddit and Kim Kardashian's SKIMS are among the companies in talks to launch IPOs in 2024, report says

Reddit filed paperwork last year listing its valuation at $15 billion.

By Editors Desk

Reddit and Kim Kardashian's Skims are among the brands in talks to go public in 2024. Getty Images

November 09, 2023

Business

The fall of WeWork shows the deepening cracks in real estate

Property empires are crumbling on both sides of the Atlantic

By Editors Desk

November 08, 2023

Canada

WeWork seeks OK to start cancelling leases in bankruptcy case

.Company enters restructuring agreement to 'drastically reduce' debt.

By Editors Desk

WeWork has filed for Chapter 11 bankruptcy protection, marking a stunning fall for the office sharing company, which promised to upend the way people went to work around the world. (Kate Munsch/Reuters)

November 01, 2023

Business

How Does the World’s Largest Hedge Fund Really Make Its Money?

The investing tactics of the Bridgewater Associates founder have been kept secret. Years ago, some of Wall Street’s biggest names set out to discover his edge

By Editors Desk

Since founding Bridgewater in his Manhattan apartment in 1975, Ray Dalio has been said to have developed prodigious skill at spotting, and making money from, big-picture global economic or political changes.Credit...Xinhua News Agency, via Getty Images

October 26, 2023

Business

What Happened Inside Morgan Stanley After Ted Pick Was Named CEO

Next CEO has ‘tremendous following’ in firm, James Gorman says
Pick plans to maintain firm’s direction, he says in interview

By Editors Desk

September 02, 2023

Business

No Black women CEOs left in S&P 500 after Walgreens CEO Rosalind Brewer resigns

And then there were none.

By Editors Desk

Rosalind Brewer, former CEO of Walgreen Boots Alliance

August 23, 2023

Business

Macy’s To Roll Out Small-Format US Stores in Northeast, West

Retailer Unveils Locations for Expansion of Pint-Sized Sites

By Editors Desk

A small-format Macy’s debuted last week at the Highland Grove Shopping Center in Indiana. The retailer plans to open more in other regions. (Jean-Marc Giboux, AP Photography for Macy’s)

August 20, 2023

Society

How Organized Shoplifting Became a Billion-Dollar Industry

Something every consumer has likely experienced the effects of.

By Editors Desk

A man is escorted out of a drugstore by a police officer on October 26, 2021, in New York City. The National Retail Federation estimated the total cost of shrink in the United States to be $94.5 billion in 2021. SPENCER PLATT/GETTY IMAGES

August 16, 2023

Business

Goldman’s C.E.O. Is Stuck, Without a Clear Lifeline

David Solomon’s management style is winning few fans amid the elite investment bank’s performance woes. He is mired in “quicksand” and unsure what to do.

By Editors Desk

June 11, 2023

Business

George Soros names heir to financial empire – WSJ

The Hungarian-American billionaire is frequently accused of using his wealth to meddle in political affairs

By Editors Desk

George Soros pictured in 2017 © Getty Images / Popow/ullstein bild via Getty Images

May 13, 2023

Business

CFO Hiring Was Streamlined During Covid, But More Thorough Vetting Is Back in Vogue

Increased corporate activism and a desire for ‘wartime’ finance chiefs with experience during downturns are driving companies to beef up hiring practices

By Editors Desk

A light display made by Daktronics on the State Theatre in Sioux Falls, S.D. Investment firm Alta Fox Capital Management this year sought the removal of the CEO and CFO at Daktronics, a maker of LED displays.