Saks Global files for bankruptcy
The filing comes a year after the company completed a high-profile merger combining Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman in a $2.7 billion deal.
Investing
Warner Bros. urges shareholders to reject Paramount’s amended takeover bid
Warner Bros. Discovery’s board told shareholders Paramount’s amended offer was inferior to Netflix’s takeover bid.
5 trends crypto investors can’t ignore in 2026
After a year of regulatory thaw and institutional buy-in, crypto is settling into the financial system’s core.
Tesla is no longer world’s biggest EV maker
Tesla ceded the crown of the world’s biggest EV maker to Chinese rival BYD for the first time.
Billionaires predicted the stock market’s performance in 2025. Most were wrong
Forbes asked 34 billionaires in early 2025 how they thought the S&P 500 would fare. Turns out, not even billionaires can see the future.
Woodside Energy’s Meg O’Neill named BP CEO as Murray Auchincloss exits
A shock departure of BP CEO Murray Auchincloss was announced by the FTSE 100 energy major on Wednesday, just hours after the close of trading in London.
Musk signals reports of SpaceX planning an IPO next year are ‘accurate’
The billionaire’s X post about SpaceX going public comes a few days after reports of the rocket company’s recent private market offerings and 2026 IPO plans.
Netflix ‘super confident’ in Warner Bros. deal after Paramount’s hostile bid
Netflix last week announced it would acquire Warner Bros. in a $83 billion deal.
Netflix to acquire Warner Bros. in $83 billion deal
Netflix beat out smaller bids from Paramount and Comcast.
Why the 2026 startup boom will be circular
Carolyn Breeze, CEO of ASX-listed investment & advisory firm, Scalare Partners, imagines a circular startup economy where every dollar, lesson, and relationship feeds back into the next wave of founders.