Latest business news
(Bloomberg) — The families behind parts of Germany’s Aldi empire of discount supermarkets have held talks about a possible merger, WirtschaftsWoche reported on Saturday. The discussions between the Heister family, which owns Aldi Sued, and two strands of the Albrecht family, which owns Aldi Nord, have been going on for several weeks, the magazine said,…
Online brokerage platform Zerodha’s Chief Executive Officer (CEO), Nithin Kamath, in a social media post, spoke about the discussions over rising retail investors from India’s Tier 2 and Tier 3 cities may be a “little misleading.” “There’s a lot of talk about a huge influx of traders from Tier 2 and 3 towns. This data…
Wall Street markets in the week ahead will be guided by plenty of earnings reports, including Home Depot, Palo Alto Networks, Medtronic, Snowflake, Intuit and Workday. On the economic data front, investors will witness new and existing home sales numbers, S&P flash US services and manufacturing PMIs for May. US Federal Reserve Chair Jerome Powell’s…
Talks aimed at settling a strike between train engineers and New Jersey’s huge commuter railroad resumed Saturday and are set to continue Sunday, New Jersey Transit CEO Kris Kolluri said. The locomotive engineers’ strike began Friday at the rail system with 350,000 daily riders and left commuters either working from home or searching for other…
(Bloomberg) — US aviation safety regulators proposed temporarily limiting flights at Newark airport to no more than 28 arrivals per hour to reduce delays after a pair of radar and radio outages fueled major disruptions in recent weeks. The proposal mirrors an earlier one from the Federal Aviation Administration that, when counting an equivalent number…
Metal Stocks: Vedanta, Hindalco, Nalco share prices rebounded 4-13% during week ending 16 May 2025. While the US- China tariff talks raise hopes on improvement on base metal prices, however caution still prevails. say analysts Vedanta, Hindalco, Nalco share price movement Vedanta, Hindalco, Nalco share prices saw a good rebound with 4-13% regained during week…
NEW YORK, – U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer said on Sunday they reached a deal with China to cut the U.S. trade deficit, describing “substantial progress” in high-stakes talks with Chinese officials but offering no details as two days of negotiations concluded in Geneva. ERIC KUBY, CHIEF INVESTMENT OFFICER, NORTH…
Wall Street investors in the week ahead will have a plenty of economic data to analyse such as consumer price inflation, retail sales, and Producer Price Index. Besides economic data, the spotlight will also be on the outcome of trade talks between the United States and China, a speech by Federal Reserve chair Jerome Powell…
OpenAI and Microsoft Corp. are revising the terms of their partnership that will enable the ChatGPT maker to go public at a future date while preserving the software giant’s access to artificial intelligence technology, the Financial Times reported Sunday. Microsoft is offering to give up some of its equity stake in OpenAI’s new for-profit business…
Oil prices settled nearly 2% higher on Friday and notched their first weekly gains since mid-April as a U.S. trade deal with the United Kingdom turned investors optimistic ahead of talks between top officials from Washington and Beijing. Brent crude futures rose $1.07, or 1.7%, to settle at $63.91 a barrel, while U.S. West Texas…