Business
Activist investor Elliott Management has $5 billion Honeywell stake, seeks breakup
Activist investor Elliott Management has a $5 billion-plus stake in Honeywell and is pushing the company to break itself up ...
Supreme Court rejects Mark Meadows appeal in Georgia election interference case
Donald Trump’s former White House chief of staff failed in his bid to move the case to federal court to ...
Pfizer explores sale of hospital drugs unit, Reuters reports
Pfizer is exploring the sale of its hospital drugs unit, according to three people familiar with the matter, Reuters reports.
Apple needs all four of its iPhones to be popular if it’s going to reignite sales
Every year since 2020, when Apple moved to a four-model lineup, one of them has lagged in terms of sales.
Family offices becoming ‘economic powerhouse’ in private company deals
Family offices are increasingly bypassing private equity funds and buying stakes in private companies directly, according to a new survey.
Wall Street sees a buying opportunity in these crypto mining stocks as bitcoin marches to new records
Some bitcoin miners are giving investors an opportunity to get in on the cryptocurrency’s big postelection rally.
Leading China investor Fred Hu advises Beijing to ‘stay cool’ amid Trump tariff threat
If China retaliates to a trade war, “that’s a lose-lose with global ramifications,” said Primavera founder Fred Hu at the ...
Archbishop of Canterbury Justin Welby resigns over abuse scandal
Welby had faced intense pressure over his role in Church of England’s failure to halt years attacks by child abuser
Boeing reaches last-minute settlement with victim’s family to avoid a civil trial in 737 MAX crash that killed 157
The initial complaint said the victim, Manisha Nukavarapu, was in her second year of medical school residency at East Tennessee ...
How will the Fed handle Trump?
Federal Reserve chair cannot easily prepare for president-elect’s second term but might benefit from being less aggressive
Far-right Israeli minister’s call to annex West Bank sparks outrage
Diplomats including EU’s Josep Borrell say move would breach international law and threaten regional stability
Brian Niccol’s replacement officially becomes Chipotle’s new CEO
Boatwright is likely to look to new CFO Adam Rymer as a strategic partner. Read More
Former aide Sue Gray rejects Keir Starmer’s job offer
Ex-chief of staff had been lined up for part-time role as link with devolved nations and regions
Wells Fargo economist says cheap Thanksgiving meals will be more expensive this year
Thanksgiving prices are behaving unusually this year, in part due to sellers over-reacting to Covid price increases. As things normalize ...
Trump’s ‘America First’ foreign policy likely to be helmed by Marco Rubio and Michael Waltz, two China hawks from Florida
The 78-year-old Republican tycoon has vowed his second stint in power will result in a radical shake-up of the federal ...
Coinbase launches ‘Coin50’ index as crypto equivalent to S&P 500 and a balance to Bitcoin
The Coin50 index includes the top 50 cryptocurrencies ranked by market cap and provides a comprehensive view of industry performance. ...
Trump’s first 2 immigration policy job picks have defended family separation and ramped-up deportations
Stephen Miller and Thomas Homan portray illegal immigration as a black-and-white issue and applaud Trump’s policy of targeting everyone living ...
Gen Z is avoiding university—but it could be the key to landing a hybrid job
Hybrid work is popular for many reasons. But if having a hybrid job is the goal, shunning university could hurt ...
Gazans ‘being starved’ as Israel fails to meet US demands, say aid groups
Humanitarian organisations warn crisis has worsened despite US threats to withhold military support
Prepare for reduced LLM speed ahead
Also in Data Sheet: FTX $1.8 billion clawback, Zoox comes to SF, Amazon’s new glasses, South Korea’s chip scramble. Plus: ...
Trump and his mandate for retribution
The president-elect has promised vengeance against perceived enemies
Canoo tested its electric delivery vans for Walmart without airbags despite employees raising red flags, sources say
“Everybody in the building—everybody in the company—knew that there was a safety issue,” one former employee says. Read More
VCs are betting on online casinos after the success of sports gambling
The cofounder of FanDuel is wagering on the future of online gambling. Read More
Fortune’s inaugural 100 Most Powerful People in Business ranking
Power is nuanced: hard-won and easily lost, it’s never static. Read More
New York Gov. Hochul may try to revive NYC congestion pricing before Trump can take office and block it
Hochul halted the plan to ease gridlock and pump billions into mass transit just weeks before it was set to ...
Exclusive: The secretive Goldman Sachs pipeline that helps cash-poor founders tap into their vast wealth
Some of America’s most successful founders are cash-poor and rely on personal liquidity loans to live lavish lifestyles. Read More
Gulf states wary of return to Trump’s ‘maximum pressure’ against Iran
Saudi Arabia and UAE welcome president-elect but worry he could upend rapprochement with Tehran and inflame Middle East war
Wall Street bankers on course for up to 35% bonus bump
Debt bankers forecast to make biggest gains as finance industry recovers from two-year lull
Chemical giant Bayer reports heavy drop in profit amid ongoing Roundup cancer lawsuit
The group reported a net loss of 4.18 billion euros in the third quarter, with revenues in its agricultural unit ...
Starmer touts UK climate leadership but resists call for more public finance
UK’s prime minister is one of only two G7 leaders at UN COP29
