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CINCINNATI — In a major move signaling continued consolidation among regional lenders, Fifth Third Bancorp announced Monday it will acquire Comerica Inc. in an all stock deal valued at $10.9 billion. The Fifth Third Comerica deal will create the ninth largest US bank, with combined assets of approximately $288 billion, expanding the institution’s footprint across … Read more
SAN FRANCISCO — Shares of Advanced Micro Devices (AMD) surged more than 25% in premarket trading Monday after OpenAI announced plans to acquire up to a 10% stake in the semiconductor company as part of a sweeping partnership to deploy AMD’s high performance Instinct GPUs for artificial intelligence infrastructure. The agreement one of the largest … Read more
LONDON — OPEC+ has agreed to raise oil production by a modest 137,000 barrels per day (bpd) beginning in November, maintaining the same gradual pace as October, according to three sources familiar with the decision. The move underscores the group’s cautious approach amid competing pressures from leading members Saudi Arabia and Russia, fluctuating global demand, … Read more
The S&P 500 edged slightly higher Friday, retreating from record territory but capping a strong week as investors looked past the third day of a US government shutdown and weighed a murky economic outlook clouded by missing labor data. The benchmark index closed nearly flat, up 0.01% at 6,715.79, while the Nasdaq Composite slipped 0.28% … Read more
OMAHA, Neb. — Warren Buffett’s Berkshire Hathaway announced Thursday it reached an agreement to purchase Occidental Petroleum’s petrochemical division, OxyChem, for $9.7 billion in cash marking the conglomerate’s largest acquisition since 2022 and one of Buffett’s final major deals before stepping down as CEO. The transaction reflects Berkshire’s confidence in the industrial and chemical sectors … Read more
BEAVERTON, Ore. — Nike Inc. reported Tuesday that its quarterly profit dropped 31 percent despite a modest increase in revenue, as the sportswear giant continues to navigate rising costs and execute a broad turnaround strategy under its relatively new leadership. The footwear and apparel company said net income for the quarter ended Aug. 31 fell … Read more
NEW YORK — Stock futures fell Tuesday as investors braced for a potential US government shutdown, even as Wall Street’s major indexes remained on track to close out September with solid gains. The pullback comes amid heightened political uncertainty and cautious optimism about the broader economy. The S&P 500, which typically struggles in September, has … Read more
NEW YORK — Wall Street faces uncertainty as the US government shutdown 2025 looms, threatening to halt crucial economic data releases and clouding the outlook for markets already balancing interest rate expectations and slowing growth. The Labor Department confirmed Monday that if Congress fails to reach a funding deal, it will suspend economic data publications … Read more
ATLANTA — The Coca Cola Company announced Monday it will release its Q3 2025 earnings on Oct. 21, ahead of the New York Stock Exchange opening. The beverage giant will host an investor conference call at 8:30 a.m Eastern Time to discuss the results, with a live webcast available on its investor relations website. The … Read more
Most Asian stock markets advanced Monday as technology shares staged a rebound from steep losses last week, while investors turned their attention to upcoming central bank meetings in Australia and India for policy cues. Gains in South Korea, Hong Kong and Australia helped lift regional sentiment, tracking modest strength on Wall Street after in line … Read more
