The world is facing a flood of oil that could push global benchmark Brent prices down into the $30s by the end of 2027 if nothing is done to curtail supply, JPMorgan warned in a Monday note to clients. Oil demand has remained surprisingly strong in 2025 despite bearish sentiment, Continue Reading
Kohl’s names Michael Bender CEO after turbulent year
Michael Bender named Kohl’s Interim CEO. Courtesy: Kohl’s Kohl’s said Monday that Michael Bender, who has served as its interim CEO, will become its permanent chief executive as the department store tries to get back to sales growth. He becomes the third CEO for the department store in about three Continue Reading
Michael Burry launches newsletter to lay out his AI bubble views after deregistering hedge fund
Michael Burry attends the New York premiere of “The Big Short” at the Ziegfeld Theater in New York City on Nov. 23, 2015. Jim Spellman | WireImage | Getty Images Michael Burry, the investor who shot to fame for calling the housing crash before 2008, has launched a Substack newsletter Continue Reading
Tesla 3-year sales low in China
Tesla sales in China dropped to a three-year low in October, raising concerns the electric vehicle maker could see its first full-year sales decline in the country this year. Fierce competition from local rivals such as NIO and Li Auto — both reporting this week — and a bruising price Continue Reading
How Alibaba overcame Beijing’s crackdown to become an AI giant
On a cold November evening in Shanghai in 2020, the world’s largest IPO was abruptly canceled by Chinese regulators. It was Ant Group, the fintech affiliate of tech giant Alibaba. The company’s founder Jack Ma, one of China’s most famous billionaires, was under scrutiny for comments seemingly criticising the country’s financial regulators. What Continue Reading
Stocks making the biggest moves premarket: NVO, TSLA, GOOGL, OSCR
Check out the companies making the biggest moves in premarket trading: Novo Nordisk — Shares tumbled 10% after the Danish pharmaceutical company’s trial for Alzheimer’s disease failed to meet its main goal of slowing the disease’s progression. Tesla — CEO Elon Musk said on X that the company is close Continue Reading
Novo Nordisk shares plunge after Alzheimer’s drug trial fails to hit key target
The Novo Nordisk A/S headquarters in Bagsvaerd, Denmark, on Wednesday, Nov. 5, 2025. Nichlas Pollier | Bloomberg | Getty Images Shares of Novo Nordisk on Monday fell to a four-year low after the Danish drug pharmaceutical company said a highly-anticipated trial for Alzheimer’s disease failed to meet its main goal. Continue Reading
No recession in 2026 but some sectors are challenged
Scott Bessent, US treasury secretary, arrives to speak during a site expansion groundbreaking ceremony at the Boeing South Carolina (BSC) manufacturing facility in North Charleston, South Carolina, US, on Friday, Nov. 7, 2025. Sean Rayford | Bloomberg | Getty Images Treasury Secretary Scott Bessent said on Sunday the U.S. was Continue Reading
Trump administration silent on Port of Los Angeles containership fire
The head of the largest port in the United States said the Trump administration has not reached out to offer assistance following a fire that erupted on a containership on Friday and continues to burn outside of the port. “I have been trying to set up meetings with Trump cabinet Continue Reading
For Good’ soars to $150 million domestic opening
Ariana Grande and Cynthia Erivo star in Universal’s “Wicked: For Good.” Universal Universal’s “Wicked: For Good” defied gravity at the box office, snaring an estimated $150 million from domestic ticket sales. It marks the second-highest opening weekend for a film released in 2025, just behind Warner Bros.’ “A Minecraft Movie,” Continue Reading