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Business news, markets, and economic analysis
Tanker Attacks Slow Oil Flows Through Strait of HormuzTransit through the Strait of Hormuz neared 90% of prewar levels last month before falling sharply amid new tanker attacks.
What We Know About Chevron, Shell Gulf of Mexico Storm ShutdownsChevron, Shell and Harbour Energy are curbing Gulf of Mexico output and pulling crews ashore as Isaias strengthens.
Siebert Williams Shank CEO Marks 30 Years In BusinessSuzanne Shank told Bloomberg her firm grew from a municipal bond shop into a corporate debt player serving 80 Fortune 100 firms.
What We Know About Starbucks’ Chipotle Takeover InterestStarbucks has explored buying Chipotle, the Financial Times reports via Reuters, though neither company has confirmed the talks.
Bloomberg Opinion Column Criticizes EU's China Trade StrategyA Bloomberg Opinion column argues the EU keeps repeating failed tactics in its trade dispute with China, comparing the approach to madness.
US Mortgage Rates Rise for 7th Straight Week, Hit Highest Since 2023Mortgage rates extended a seventh consecutive weekly rise, reaching the highest level since 2023, the Financial Times reports.
Houston — Hurricane Isaias Shuts Down Majority of Gulf Oil OutputHurricane Isaias has forced over half of Gulf of Mexico oil output offline just as gas and diesel supplies run tight.
Brent Crude Jumps on U.S.-Iran Tensions, Hurricane Isaias ThreatBrent crude oil prices climbed as Gulf shipping risks, U.S.-Iran tensions and storm-driven shut-ins rattled traders.
Oil Rally Sends Stocks Lower, Shakes Treasury MarketsRising oil prices pushed stocks down and rattled Treasury markets as investors weighed inflation and Fed rate risk.
ABC News Asks Whether Halloween Pumpkin Prices Will RiseABC News Live raised the question of rising pumpkin prices for Halloween but did not publish supporting price data in the segment.
France's Lescure Tells UK to 'Come All the Way' Back to EUFrench Finance Minister Roland Lescure said Britain remains welcome to rejoin the European Union at any time it chooses.
Goldman Sachs Executives to Receive Over $500 Million in BonusesRoughly 20 Goldman Sachs executives, including CEO David Solomon, are due special equity awards granted back in 2021.
LONDON — Economist Podcast Flags Bond-Market Debt JittersThe Economist's daily podcast pairs bond-market debt jitters with segments on satellite lighting and social media.
Ukraine Strikes Target Wildberries and Ozon Warehouses in RussiaWorkers at two major Russian online retailers describe night evacuations and fear as Ukrainian strikes hit warehouse facilities.
What We Know About the Lawsuit Against Gold Certifier LBMAFamilies of prospectors killed in Tanzania are suing the LBMA, saying it should have pulled a mine's ethical gold certification.
Why Are Japanese Stocks Falling on TOPIX Weighting Changes?Japanese shares fell for a second straight session as index managers trimmed TOPIX weightings, forcing fund selling in affected stocks.
Asian Wheat Buyers Cut Forward Orders as Black Sea War Disrupts SupplyAsian millers are canceling forward wheat orders as Black Sea war disruptions drive prices higher, Bloomberg reports Oct. 8.
2026: Why Household Wealth Is Shifting From Property to StocksThe Economist says household wealth is moving from real estate into equities, even as stocks swung lower worldwide on Oct. 8.
Wall Street Slides From Record Highs as Stocks Fall Worldwide Oct. 8U.S. stocks pulled back from record highs Oct. 8 as a broader sell-off moved through markets worldwide, AP reports.
Oct. 7: China's Hormuz Oil Crunch Could Ripple WorldwideThe Economist reports a Hormuz crisis is already squeezing China's oil position, with effects it says will reach well beyond Beijing.
Weston Family Buys Boots Pharmacy Chain From Sycamore for $8.9bnCanada's Weston family agreed to buy Boots from Sycamore Partners for $8.9bn, ending years of ownership changes at the retailer.
Zak Bagans Buys Las Vegas Underground Doomsday Mansion for $4.55MGhost Adventures star Zak Bagans paid $4.55 million for a 1978 Cold War bunker mansion buried 26 feet below Las Vegas.
Economist Audio Piece Weighs China's Infrastructure Spending BetAn Economist audio feature asks whether China's infrastructure spending will eventually pay off, though the published summary offers no figures yet.
What We Know About the Starbucks Sugar-Free Protein Drink LawsuitA lawsuit claims eight Starbucks protein drinks marketed as sugar-free actually contain sugar, raising labeling questions.
Why Are Stocks Falling From All-Time Highs Amid Inflation Fears?Record stock highs stalled as elevated oil prices renewed worry that inflation could push the Fed toward rate hikes.
What We Know About Who Could Win the 2026 Economics NobelNPR's Planet Money used a thinly traded prediction market to explore contenders for economics' top prize, with caveats about reliability.
FlyDubai Draws Scrutiny Over Pilot Hiring Pace After AttackAuthorities are examining whether flydubai's rapid pilot hiring contributed to an in-flight attack reported last week, the Journal says.
Japan Raids Asahi, Kirin Over Alleged Beer Price-FixingJapan's antitrust regulator searched Asahi and Kirin's offices, probing suspected coordinated price increases on beer since 2022.
Nobel Prize in Chemistry Awarded in Stockholm WednesdayThe Royal Swedish Academy of Sciences names this year's chemistry laureate as the 2026 Nobel season continues in Stockholm.
Los Angeles — Paramount Completes $110bn Warner Bros TakeoverParamount Skydance finalized its $110bn takeover of Warner Bros Discovery, merging HBO, CNN, CBS and major film franchises.
The Economist Podcast Weighs China's Safety Against Its Trade-OffsThe Economist's weekly China podcast says residents and visitors prize the country's safety, but notes the arrangement has costs.
New York — Paramount Skydance Completes $110bn Warner Bros DealSkydance's $110bn merger with Warner Bros Discovery saddles the company with $80bn in debt and a five-year film quota, analysts say.
10.6% Drop: German Factory Orders Tumbled in August, WSJ SaysGerman manufacturing orders fell 10.6% in a single month as Middle East conflict kept energy costs elevated, the Journal reports.
Economist Says Bond Sell-Off Is Lifting the Dollar for NowThe Economist reports the global bond market sell-off is giving the U.S. dollar a lift, though it warns that strength may not hold.
What We Know About the UK's Froyo Comeback at £12 a TubFrozen yoghurt is back across the UK, with £12 tubs, 45-minute queues and a market Market Data Forecast values at £434m in 2026.
EIA Lifts 2026 Oil Price Forecast Again Amid Iran War TollThe EIA raised its oil price outlook again, saying the Israel-Iran war is draining global crude stockpiles faster than expected.
Amazon Lands Emmys in Six-Year Global Streaming DealPrime Video wins exclusive worldwide Emmy rights starting 2027, ending the broadcast rotation that began in 1955.
What We Know About David Rush's $194M CIA Fraud Guilty PleaDavid J. Rush, a former CIA official, pleaded guilty to wire fraud after investigators found him with $40 million in gold bars.
Florida Public Schools Borrow at Record Level, Bloomberg FindsFlorida districts are borrowing to cover bills at a record pace as enrollment declines strain budgets, Bloomberg reported Oct. 6.
What We Know About Paramount Skydance's Warner Bros DealParamount confirmed completion of its Warner Bros Discovery merger, though the Reuters dispatch omits deal value and a closing date.
San Francisco — Uber to Buy ezCater for $2.3 BillionUber has agreed to acquire ezCater for $2.3 billion, a deal aimed at narrowing its food-delivery gap with DoorDash, Reuters reports.
What We Know About Russia's Oil-Export Boom and Diesel CurbsDiesel sales curbs and rising refiner subsidies are cutting into gains Russia's crude export boom was expected to deliver.
McKesson, CD&R to Buy Option Care Health for $5.8 BillionMcKesson and private equity firm Clayton Dubilier & Rice will acquire Option Care Health in a deal valued near $5.8 billion.
What We Know About CMPC's Natureza Project Risk in BrazilCMPC risks its investment-grade credit rating if it advances the Natureza project in Brazil, Bloomberg reports, with rivals waiting if it stalls.
AP's Monday Market Wrap Covers October 5 Trading SessionAP published its daily rundown of how the Dow, S&P 500 and Nasdaq closed Monday, Oct. 5, 2026, with full figures in the wire report.
Quickmart Sets $1 Billion Sales Goal, 125 Stores After Kenya IPOKenya's Quickmart, the country's No. 2 supermarket chain, aims to more than double revenue within four years, Bloomberg reports.
Average Five-Year Mortgage Rate Hits 6% for First Time Since 2023The average five-year fixed mortgage rate reached 6% as lenders raised prices repeatedly through September, Moneyfacts data show.
Babylist Opens 20,000-Square-Foot SoHo Showroom in NYCBabylist CEO Jennifer Hyman details the baby-gear retailer's biggest store yet and what it means for growth plans.
Hooters Closes Last Jacksonville Location After 38 YearsThe closure follows Hooters' bankruptcy restructuring and marks the chain's retreat from its founding state of Florida, Fox News reports.
What's Behind the $26,000 HOA Bill at a San Clemente Condo?A California HOA billed every owner at a 198-unit complex $26,000 for roof work, and some residents dispute the emergency label.
Israel Spends $1M to Formalize 'Herod's Pool' in West BankIsrael is spending more than $1 million to develop a West Bank reservoir filled by water diverted from a Palestinian village.
Persian Gulf — Sailors Get $25K a Trip to Move Oil Past AttacksShipping premiums have pushed Gulf oil exports to 16.5 million barrels a day even as vessel attacks near the Strait of Hormuz continue.
BT Agrees to Buy Rival Broadband Provider TalkTalkBT will buy TalkTalk out of administration, a deal that still needs approval from Britain's competition regulator.
Citi Shortens Investment Banking Analyst Program to Two YearsCiti plans to cut its junior banker training track to two years as private equity firms intensify recruiting of young Wall Street staff.
New York Ranks No. 2 Most Expensive State for Divorce, Study FindsA new Self Financial study puts New York's average divorce cost above $27,000, trailing only California nationwide.
Washington — Service Growth Slows, Price Gauge Hits 4-Year HighU.S. service-sector activity cooled in September while a measure of the prices firms pay jumped the most in four years.
UK Carmakers Weigh Tariff Choice Between China and EU MarketsBritain resists taxing Chinese EVs as Brussels threatens new trade barriers that could cut off UK carmakers' top export market.
UK Job Applicants Not Required to Share Current Salary, Advisers SayUK employers can ask about current pay, but workplace advisers say candidates can decline and discuss salary expectations instead.
Iran's Ship-Targeting Improves, Renewing Hormuz Strait RiskA U.S. official says Iran's ability to target vessels has improved, raising the danger for ships crossing the Strait of Hormuz.
FlyDubai Attack Deepens Economic Risks for War-Rattled DubaiAn attack tied to FlyDubai is testing Dubai's image as a safe haven, already strained by fallout from the Iran war.
Kyiv — Russia Targets Bridges to Make Capital Unlivable by WinterRussia has struck two of Kyiv's eight river bridges in recent days, part of a push to disrupt the capital before winter, the Post reports.
Flydubai Co-Pilot Acted Alone in Attack, US Officials SayU.S. officials briefed on the investigation say early evidence points to a lone actor, not a coordinated plot or foreign-backed operation.
London — FT's Market Questions Asks What Could Revive Bond MarketsThe Financial Times' weekly Market Questions guide examines what could help revive battered government bond markets this week.
Iran Security Chief Rezaei Warns of Dire Economic CrisisMohsen Rezaei's rare admission follows tightened U.S. sanctions and a naval blockade, the New York Times reported.
4.2% Unemployment: Economist Betsey Stevenson on Hiring's Gender GapUniversity of Michigan economist Betsey Stevenson discussed September's 4.2% jobless rate and gender hiring trends with NPR.
Flydubai Co-Pilot's Extremist Views Prompted Omani ScrutinyOmani officials examined a flydubai co-pilot after learning of his embrace of extreme Islamist views, two people briefed on the inquiry said.
What Is Driving the World's LNG Crunch, and What Comes After?An Economist analysis warns tight global LNG supplies could flip into an oversupply once new export capacity arrives.
OPEC+ Keeps November Oil Output Targets Unchanged, Reuters ReportsOPEC+ agreed to leave November crude output targets unchanged, Reuters reported, maintaining its current production policy.
Cuban American Investors Draft Plans For Cuba After CommunismMiami's Cuban-American elite are mapping a post-Communist Cuba, citing 176 new economic measures Havana just approved.
Fuel Scarcity From Ukrainian Strikes Pushes Russians to Chinese EVsThe New York Times reports Ukrainian strikes on Russian fuel supplies are driving a shift toward Chinese electric vehicles.
Energy UK Urges Government Action as Winter Bills Set to Rise 16%Energy UK says debt and wholesale costs are pushing bills toward 2022 crisis levels, urging faster government support.
Salt Lake City — FanDuel Offers $250 Bonus for UFC 332 BetsFanDuel's bet $5, get $250 bonus bet offer arrives as UFC 332 headlines Saturday night in Salt Lake City with a women's flyweight title fight.
Long-Range Narrow-Body Jets Challenge Case for Heathrow ExpansionNew narrow-body aircraft that fly long routes without a hub stopover are undercutting the argument for a third Heathrow runway.
UK Diesel Prices Top £2 a Litre for First Time, RAC SaysAverage UK diesel hit 200.01p a litre as oil-market disruption and export curbs push pump prices to a record high.
UK 30-Year Gilt Yields Top 6% for First Time Since 1998UK 30-year gilt yields passed 6% for the first time since 1998, drawing retail investors toward tax-efficient bond holdings.
What We Know About the Debate Over Spain's Housing CrisisThe Financial Times argues evictions and soaring rents in Spain are symptoms, not the root cause, of the housing crunch.
New York — Tiny Hotels With One to Six Rooms Reshape Luxury TravelBloomberg's Sarah Rappaport says hotels with one to six rooms are pulling luxury travelers away from big resorts and private villas.
Oct. 3 Bloomberg Segment Pairs FlyDubai Attack With Bessent on IranBloomberg's Oct. 3 audio report links a flyDubai-related attack with Treasury Secretary Bessent's comments on Iran price pressures.
Fire, Smoke Reported Near Saudi Aramco Facility in RiyadhA witness told Reuters smoke and fire appeared near an Aramco facility in Riyadh; officials have not confirmed the cause.
Nike Stock Drops 75% Over Five Years as Turnaround Drags OnNike's share price has fallen 75% in five years, and Kylian Mbappé's exit to rival On tests its turnaround plan.
What We Know About Bloomberg's Iran War and Oil ReportBloomberg's Oct. 3 audio briefing names four stories, but no transcript or figures beyond the title were available to confirm.
Malaysia Weighs $245 Million Naval Missile PurchaseMalaysia's defense minister is weighing over $245 million for a naval strike missile system after a Norway deal collapsed this year.
Chicago single mother turns to DoorDash deliveries to pay billsAn NBC News report follows a Chicago mother of three who sells insurance by day and drives for DoorDash to cover family costs.
U.S. Military Completes Withdrawal From Iraq After 23 YearsThe last U.S. troops left Iraq this week, closing a military chapter that opened with the 2003 invasion, Bloomberg Opinion reports.
IMF Approves $1.9 Billion Bolivia Loan to Back Paz ReformsThe IMF approved a $1.9 billion program for Bolivia, with $214 million disbursed immediately to back President Paz's reforms.
September Jobs Data Renews Debate Over Fed Rate RisesA monthly U.S. employment report has reopened market debate over whether the Federal Reserve will raise interest rates further.
Thames Water Apologizes After Erroneous £145,000 Account DebitThames Water refunded £145,562 wrongly taken from a London customer's account after a meter-reading error, the company says.
What We Know About Nike's Nearshoring Push and Sales SlumpNike plans to produce more goods closer to its biggest markets and add manufacturing partners as sales keep falling, Bloomberg reports.
What We Know About the UK's Record-High Diesel PricesUK diesel averaged £2 a litre for the first time, the RAC says, as G7 nations move to release 100 million barrels of oil.
Economist Weekly Report Tracks Global Data, Commodities, MarketsThe Economist's Oct. 1 roundup compiles global economic indicators, but the full data set sits behind its paywall.
Hedge Funds Unwind Crowded Trades, Deepen French Bond RoutHedge funds forced to exit crowded positions in French bonds intensified this week's bond market slump, Bloomberg reports.
What We Know About Germany's New Attack Drone TrainingGermany plans to begin training its army on new attack drones from startups Helsing and Stark Defence starting in November, the government says.
Tesla's Q3 Deliveries Top Estimates as Europe Demand RecoversTesla's third-quarter deliveries topped estimates as Europe demand showed signs of recovery, Reuters reported, though full figures remain undisclosed.
Credit Markets Sputter as Bond Spreads Widen Most Since MarchRising yields, inflation worries, and heavy corporate borrowing are testing demand for high-grade debt, Bloomberg reports.
Frankfurt — German Bund Yields Fall as US, French Debt Sells OffGerman Bund yields dropped this week even as US and French government bonds sold off sharply on inflation fears, the FT reports.
£10,000 Reward Offered After UK Crypto 'Wrench Attack' BeatingMasked men beat a Solihull man with hammers and threatened his pregnant wife until he sent them hundreds of thousands in crypto.
Bloomberg Opinion Compares Manchester City to $1 Billion Heist FilmA Bloomberg Opinion column likens Manchester City's rise, built on alleged Abu Dhabi wealth, to a heist film gone too far.
Novartis Licenses Abogen's mRNA Autoimmune Drug for $7.8 BillionNovartis will license an mRNA-based autoimmune therapy from China's Abogen Biosciences in a deal valued up to $7.8 billion.
4 NHL Players' Trade Tactics Draw Bettman's ScrutinyGary Bettman says no-trade clauses are being used to force specific destinations, not protect players as intended.
What We Know About the New Book Targeting Supplement MarketingThe Economist reviewed a new book examining marketing claims and pseudoscience across the wellness and supplement industry.
Bear Raids Pastry Stall at Colorado Farmers MarketA hungry bear climbed onto a table and ate pastries at Aspen, Colorado's Saturday farmers market before wildlife officers scared it off.
London — Ex-HSBC Banker Banned After £5,900 Rail Fare SchemeJoseph Molloy, a former HSBC banker, was banned this year after a £5,900 'doughnutting' fare-dodge conviction, the FT reports.
Tokyo — Japan's Matcha Boom Lifts Farmers, China Rivals LoomJapan's matcha growers are benefiting from surging demand, but The Economist reports Chinese competition is intensifying.
Steelers Trade Joey Porter Jr. to Cowboys for Two Draft PicksPittsburgh sent the cornerback to Dallas for a 2027 sixth-round pick and a 2028 second-rounder, ending a contract standoff.
Washington — Top Fed Official Signals Rate Hold in OctoberFed Vice Chair Philip Jefferson echoed dovish comments from New York Fed chief John Williams, pointing to an October pause.
London — Household Energy Bills Forecast to Rise £276 in JanuaryUK household energy bills could rise 16% to £1,999 in January, the biggest jump in four years, Cornwall Insight forecasts.
What We Know About Treasuries Looking Cheap Versus StocksTreasuries look inexpensive against stocks and GDP, but Bloomberg analysis says they may fall further before a durable bounce.
Insufficient Sourcing to Report Bond Market Selloff StoryNo usable data, quotes, or figures were available in the sourcing to support a brief on global bond market selloffs.
US Manufacturing Keeps Expanding as Costs, Shipping Delays PersistFactory activity grew again in September but at a slower clip, as firms balanced strong orders against rising costs and shipping delays.
Japanese Companies Exit China in Record Numbers, FT ReportsDiplomatic strain, a slowing economy and U.S. tariff pressure are pushing more Japanese firms to pull back from China, the FT reports.
What We Know About Bloomberg's AG Barr, LandSec, Sanofi Stock MoversBloomberg's Stock Movers podcast flagged AG Barr, LandSec and Sanofi on Oct. 1, but detailed trading figures were not released.
Judge Approves Paramount's $110 Billion Warner Bros DealA federal judge approved a settlement clearing Paramount's acquisition of Warner Bros, ending a 12-state lawsuit over media consolidation.
What We Know About the Philippines' 'Godzilla' El Niño AlertThe Philippines' central bank is watching a severe El Niño event that could push up food prices and hurt crop output.
Paramount Names Mattel's Ynon Kreiz Co-CEO Amid Warner Bros PushParamount appoints Mattel chief Ynon Kreiz co-CEO as it works to close a deal integrating Warner Bros, per the FT.
UK Vape Tax Adds £2.20 Per 10ml of E-Liquid Starting ThursdayA new UK duty adds £2.20 per 10ml of e-liquid, and tobacco taxes also rose, though shops have six months to sell old stock first.
Transurban Buys $3.1 Billion in Sydney Toll Roads From CPPIBTransurban Group agreed to buy A$4.5 billion in Australian toll road stakes from Canada's largest pension fund, Bloomberg reports.
Middle East Crude Exports Hit 100% of Prewar Levels, Analysts SayAnalysts say Middle East crude exports have returned to 100% of prewar volumes via rerouted pipelines, ports and ship transfers.
Swiss Glaciers Shrink 20% Over Five Years, Bloomberg ReportsAlpine glacier loss over five years has left trails and slopes unstable, threatening tourism that sustains mountain towns.
Texas Overtakes California as Top US Solar Power ProducerTexas passed California this year in solar-generated electricity, with panels now covering peak summer demand statewide.
Hedge Funds Buy $190 Million of Brightline's Nuveen BondsDiameter Capital, Redwood Capital and FourSixThree Capital bought Brightline municipal debt from Nuveen this week, Bloomberg reports.
What We Know About Greggs' Factory Closures, 740 Job CutsGreggs will close four UK factories and cut roughly 740 jobs by 2029, saving about £20m as it shifts manufacturing to suppliers.
Steyer's Galvanize Targets California With $1 Billion FundGalvanize, the real estate arm tied to Tom Steyer, says depressed property prices and high power costs favor its energy-focused bets.
NEW YORK — IRS Says More Than 90 Million 2022 Returns FiledCNN Business reports the IRS had logged more than 90 million 2022 tax returns as filing season neared its close.
What We Know About Playboy Cutting Ties With Hugh HefnerPlayboy's magazine, mansion and last remaining club have closed as the 70-year-old brand distances itself from founder Hugh Hefner.
Oil Steadies as Saudi Pipeline Restores Pre-War Supply LevelsOil prices leveled off after their steepest one-day drop in more than a week as Middle East supply rebounds, Bloomberg reports.
McCarthy Will Wear No. 18 for Giants After Vikings TradeJ.J. McCarthy gave up No. 9 for No. 18 with the Giants after Minnesota traded him following a rocky 2025 season.
Manchester — Man City Found Guilty on Premier League Finance ChargesPremier League says Man City ran sham deals to hide £830m in funding from 2009 to 2018; club may appeal by Oct. 2.
What We Know About Paramount Skydance's Streaming Chief ExitCindy Holland is leaving as Paramount Skydance's streaming chief, an internal memo reviewed by Bloomberg shows.
NBA Reviews Three Finalist Bids for $12-13B Las Vegas TeamThe NBA is weighing three ownership bids for a Las Vegas expansion team valued at $12 billion to $13 billion, per ESPN sources.
Hackney Council Investigates Soho House Shoreditch Over Food SafetyHackney Council opened a food safety probe into Soho House's Shoreditch venue after a former chef's complaint.
What We Know About the Auburn Trade-Secrets Arrest CaseA former Auburn football staffer faces felony charges after Auburn accused him of leaking internal information to rival programs.
What We Know About Alaska Air's Earnings Guidance and Premium PushAlaska Air's CEO says results will land near the low end of guidance as US-Iran war fuel costs squeeze margins.
What We Know About Baytex Energy, Saturn Oil's Bloomberg TalkBaytex Energy's CEO and Saturn Oil's CFO discussed Canadian oil output, spending and consolidation on Bloomberg.
What We Know About Holiday Airfare Prices Hitting Decade HighsABC News reports holiday airfares have reached their highest levels in a decade, with analysts warning fares may stay high.
Beijing — WSJ Ties Xi's Hand-Hold With Wife to Power SignalsA WSJ China dispatch reads a public hand-hold by Xi Jinping as a power signal, alongside tariff and marriage-policy news.
What We Know About Trump's Threatened UK Diesel Export BanUK diesel hit a record 199.33p a litre as Chancellor Healey said Britain is in talks with the US over a possible export halt.
Myanmar Military Airstrike Kills At Least 50 In Rakhine MarketAn airstrike hit a market in rebel-held Rakhine State, killing at least 50 people in one of the deadliest strikes on civilians in months.
Vesuvius Shares Soar on RHI Magnesita Cash-and-Shares Takeover BidVesuvius Plc shares jumped by the most since 1990 after RHI Magnesita launched a cash-and-shares takeover offer for the firm.
Saudi Pipeline Reopening Trims Oil Price Gains Amid Iran TalksOil prices eased from earlier session highs after Saudi Arabia's state supplier reopened a key crude distribution point, the Journal reported.
What We Know About England's Uninsurable Flood-Risk Homes WarningAviva chief Amanda Blanc warns England is building homes in flood zones that risk becoming uninsurable within decades, per BBC interview.
IRS Sends Warning Signal on Tax Strategy Popularized by AQRBloomberg reports U.S. authorities have signaled a crackdown on a tax-reduction strategy AQR Capital Management helped popularize.
What We Know About Aberdeen's Plan to Save Its High StreetAberdeen is spending tens of millions to fill empty shops and revive its city centre as retail vacancy rates stay stubbornly high.
Wall Street Falls as 10-Year Yield Hits 2007 High on Iran WarStocks fell and the 10-year Treasury yield hit its highest level since 2007 as oil prices swung on Iran war tensions Monday.
What We Know About AstraZeneca's $2 Billion Summit Therapeutics DealAstraZeneca will invest $2 billion in Summit Therapeutics to jointly develop cancer drugs, sending Summit's shares higher.
What Security Deficiencies Did a Watchdog Find at the Fed?A watchdog says the Federal Reserve has security gaps that could let hostile foreign states target US financial infrastructure.
Giants Acquire Quarterback J.J. McCarthy From Vikings In TradeThe Giants sent a 2027 fifth-round pick to Minnesota for quarterback J.J. McCarthy after he lost the Vikings' starting job.
$15 Billion Steel Mill Planned for Iowa by Mesabi MetallicsTrump unveiled a $15 billion Iowa steel mill from Mesabi Metallics, aiming for 2030 production and up to 1,750 jobs.
Treasury Official Pushes Nations to Cut Iran Flights, BanksA former Citi banker turned Treasury official made a secretive trip urging nations to sever Iran's flights and banking ties.
Paramount Skydance Launches $44 Billion Bond Sale for Warner DealParamount Skydance has begun investor calls for a bond sale exceeding $44 billion to finance its Warner Bros. Discovery acquisition.
What We Know About BASF's Rejected €10.3 Billion Bid for EvonikEvonik rejected a €10.3 billion approach from BASF, the Financial Times reports, leaving the chemical rivals' next move unclear.
UK Government Nationalizes Avanti West Coast Rail From MarchAvanti West Coast's contract ends March 7, and its trains move to public ownership after years of delays and cancellations, the UK says.
Will Iran Soften Its Strait of Hormuz Demands After Trump's Rejection?Iran says it will not soften its seven-day Hormuz reopening proposal after Trump sent mixed signals on a deal.
Sept. 27: Trump Rejects Iran Deal, Oil Rises, US Futures FallOil climbed and U.S. stock futures dipped after Trump rejected Iran's plan to reopen the Strait of Hormuz, Bloomberg reported.
Oil Prices Fall Friday as U.S.-Iran Diplomacy Eyes HormuzCrude prices slipped Friday as traders weighed prospects for U.S.-Iran talks aimed at reopening the Strait of Hormuz.
Foreign Banks Show Interest in UBS Merger, Swiss Paper SaysA Swiss newspaper reports foreign lenders have floated merger interest in UBS, though no formal offer has surfaced yet.
US Solar Generation Growth Slows to 22% Amid Rising DemandUS solar generation grew 22% over the past year, down from prior surges, even as electricity demand ticked up 2%.
2 Italian Fuel Firms Cut Prices to Blunt Meloni Windfall TaxSocar joins Eni in cutting Italian fuel prices, a move that eases pressure on Meloni to impose a windfall energy tax.
$9bn Airtel Money IPO Would Be London's Biggest in YearsAirtel Money, majority owned by Sunil Bharti Mittal's Bharti Enterprises, is targeting a $9bn valuation for a London listing.
Regulatory Pressure to List Tata Sons Fuels Internal BattleA push by Indian regulators for Tata Sons to go public has set off an internal fight over the conglomerate's future.
Heathrow Warns Third Runway Could Slip Four Years Past 2035 TargetHeathrow says its £33bn third runway may open years late, citing planning delays, as ministers push to speed up approval.
What We Know About the Supertanker Price Inversion Roiling ShippingFreight rates have pushed used supertanker prices above newbuild costs, a rare reversal driven by delivery speed, not age.
London — UK Diesel Price Nears All-Time High, RAC WarnsUK diesel averages 198.32p a litre and could break the 2022 record this weekend, the RAC says, as Iran war fallout persists.
Thai PM Anutin's Support Drops in Poll as Court Case LoomsAn opinion poll found declining backing for Prime Minister Anutin Charnvirakul as Thailand faces rising fuel costs and a court fight.
Amazon's $3 Billion Bet on Faster Deliveries Fuels Global RivalryAmazon's $3 billion delivery investment intensifies a bruising, costly race between local and foreign competitors, the FT reports.
Russia Tells Businesses to Defend Against Ukraine's DronesRussian authorities are pushing private industry to build its own drone defenses as strikes from Ukraine intensify, the WSJ reports.
How Is Pavel Dorofeyev Living Up to the Rangers' Trade Cost?Pavel Dorofeyev has a goal and three points in two Rangers preseason games ahead of a costly, $11 million trade bet.
David Beckham Receives £38.5m Dividend From DRJB HoldingsDRJB Holdings paid Beckham £38.5m in dividends after 2025 profit rose 46% on World Cup ad deals, BBC News reports.
Northern Ireland Economic Output Rises 2.3% in Year to JuneNorthern Ireland's economy grew faster than the UK and Ireland in Q2, led by manufacturing exporters like BLK BOX.
San Francisco — BART Faces 2027 Cuts: 15 Stations, 63% Service LossBART could shutter 15 stations, cut service 63% and raise fares 30% by 2027, officials warn, risking a Bay Area ridership death spiral.
Booking.com Scam Sends Up to 20 Tourists a Day to UK PubScammers hijacked real Booking.com listings, sending tourists to a London pub instead of the apartments they paid for.
Washington — Trump's 'Biggest' Venezuela Oil Deal Faces Collapse RiskA Guardian investigation finds legal limits and unresolved ownership questions threaten the Venezuela oil deal Trump has promoted since August.
London — Monzo in Sale Talks With Brazil's Nubank, FT ReportsMonzo is discussing a potential sale with Nubank while also weighing a stake sale to private equity firms, the FT reports.
AbbVie Wins FDA Approval for Parkinson's Disease DrugThe FDA has approved an AbbVie drug for Parkinson's disease, Reuters reports, though full label details remain pending review.
The Economist Podcast Examines How Big Alcohol Firms AdaptThe Economist's business podcast this week explores how drinks-makers are responding to falling alcohol sales.
Bloomberg Businessweek Daily Podcast Reviews Trump-Xi SummitBloomberg's 30:06 podcast confirms the Trump-Xi summit has concluded but its public listing omits specific outcome figures.
US Gas Prices Rise More Than $1.50 a Gallon Since Iran WarGasBuddy analyst Patrick De Haan tracked a record jump in US gas prices during the war with Iran, ABC News reported Sept. 25.
Man City Found Guilty of Most Premier League Financial ChargesAn independent panel found Manchester City broke all but one of 115 Premier League financial rules, The Athletic reported.
Dollar Posts Best Two-Week Run Since March, Wall Street RecalibratesThe dollar just logged its strongest two-week rally in six months, and strategists say the gains could hold through year end.
What We Know About the Drop in U.S. Consumer Sentiment in SeptemberU.S. consumer sentiment eased to a four-month low in September, Reuters reports, citing the University of Michigan survey.
Disney's 1,000-Person Legal Team Faces Cuts Under 'LGA 2.0' PlanDisney's legal chief told nearly 1,000 staff the division will get 'much smaller' as the company reworks jobs.
What We Know About US-Iran Talks on Reopening Hormuz StraitOil prices dropped as traders weighed early signs of progress in US-Iran talks over reopening the Strait of Hormuz shipping route.
Ghana Raises Cocoa Farmgate Price for 2026-27 SeasonGhana lifted the price paid to cocoa farmers for 2026-27 as futures rebounded, while Ivory Coast held its rate flat.
Ludwigshafen, Germany — BASF Approaches Evonik Over Possible MergerBASF has approached Evonik about combining the two German chemical makers, Reuters reported, with no financial terms yet disclosed.
Starbucks Closes 250 North America Stores in Second WaveStarbucks is shuttering 250 stores across North America this week, the second wave of closures under its turnaround plan.
Stocks Rebound as Oil Retreats on US-Iran Deal OptimismUS stocks closed a volatile week higher as falling oil prices eased a Treasury selloff tied to US-Iran deal hopes, Bloomberg reported.
France to Deploy Troops to Saudi Arabia After Houthi StrikesFrance will send soldiers to Saudi Arabia to help guard energy sites after Houthi attacks strained global oil supplies.
What We Know About Carney's US Military Attack CommentsCarney called a US attack on Canada an 'extreme tail risk' worth planning for, amid tariffs and Trump's statehood remarks.
Dangote Helps Fund $660m Ethiopia-Djibouti Fuel PipelineNigerian billionaire Aliko Dangote is helping finance a 120km pipeline meant to cut Ethiopia's fuel-delivery time from five days to one.
What Will France's Military Deployment to Yanbu Port Involve?France will send soldiers, radar, and air-defense systems to guard Saudi Arabia's Yanbu oil port, Macron announced.
Iran Offers 7-Day Deal to Reopen Strait of Hormuz, AP ReportsIran has proposed reopening the Strait of Hormuz within seven days, addressing disruption at a key oil shipping route, AP reports.
Bet365 Offers $200 Bonus Bet Deal for Clemson vs. California GameBet365 and rival sportsbooks are running $200-and-up bonus offers tied to Friday's Clemson-California football game.
Brightline Files Chapter 11 to Cut Nearly $6bn in DebtBrightline, the Orlando-to-Miami rail line, filed for Chapter 11 to shed nearly $6 billion in debt, per the Financial Times.
Nigeria Sees Rising Malnutrition as Iran War Lifts Food CostsAl Jazeera reports medics in Nigeria are linking worsening food insecurity and malnutrition to cost pressures tied to the war on Iran.
Airbus offers divestments to win EU backing for space mergerAirbus is offering to sell assets to ease EU concerns over its proposed space merger with Leonardo and Thales.
18 Engines: Rolls-Royce Signs Deal With Philippine AirlinesRolls-Royce will build and maintain 18 engines for nine Airbus A350-1000 jets in a deal worth hundreds of millions.
Houthi Attacks on Saudi Aramco Sites Push Brent Crude Above $106Brent crude topped $106 a barrel Thursday after Yemen's Houthi rebels claimed missile and drone strikes on Aramco facilities in Yanbu.
Economist Index Finds Fewer U.S. Cities Price Out RentersThe Economist's annual rental affordability index shows fewer American cities now price out the average earner, the magazine reports.
Bentley Unveils Torcal, Its First Fully Electric VehicleBentley's Torcal SUV, its first fully electric model, will be built at Crewe, with the government citing 4,000 local jobs.
What We Know About McDonald's $8.5 Billion Restaurant OverhaulMcDonald's plans to spend $8.5 billion renovating restaurants and rolling out a new protein-focused menu, AP News reports.
GoDaddy Receives Takeover Approach From Norton Maker Gen DigitalGen Digital, owner of Norton antivirus, has approached GoDaddy about a takeover, according to the Financial Times.
What to Know About the Iced Coffee Job Interview Etiquette DebateABC News aired a segment on whether bringing iced coffee to a job interview is a etiquette misstep, per an expert's take.
One Leaked Email Exposed Morgan Stanley's Asia Deal PipelineMorgan Stanley's Asia deal pipeline was exposed after a bank employee sent a file to unintended recipients, Reuters reports.
2004 High: US Long-Term Treasury Yields Surge in Sell-OffLong-term Treasury yields reached their highest level since 2004 after a sharp sell-off, raising the cost of federal borrowing.
30-Year Treasury Yield Hits 5.446% as Oil Climbs to $105 a BarrelThe 30-year Treasury yield hit 5.446% and oil reached $105 a barrel Thursday, pushing diesel and gas prices to new highs.
What We Know About the Oil Shock Threatening Fuel PricesDisruptions from the Strait of Hormuz to the Black Sea are straining tankers and infrastructure, keeping fuel markets tight worldwide.
US 30-Year Treasury Yield Hits Highest Level Since 2004A global bond selloff pushed the 30-year US Treasury yield to its highest level since 2004, Bloomberg reported.
What We Know About Uber's Takeover Deal for Delivery HeroNiklas Östberg reversed his exit plan to lead Delivery Hero through asset sales after Uber secured a takeover deal.
Why Did the 30-Year Treasury Yield Hit a 2004 High Now?The 30-year U.S. Treasury yield climbed to its highest level since 2004 as a broad government-bond selloff deepened, Reuters reports.
What We Know About Bessent's Busan Deal Extension With ChinaTreasury Secretary Scott Bessent said the Busan trade truce with China has been extended into January, Fox News reported.
What We Know About Bitcoin's $15 Billion Options ExpiryRoughly $15 billion in Bitcoin options expire this quarter, a closely watched signal for whether the rally can continue.
Tigray Rebels, Ethiopia Government Trade Blame Over FightingTigray rebel forces and Ethiopia's government each blame the other for new attacks, reviving fears of a wider war.
What We Know About a Possible US Diesel Export BanEuropean diesel prices are climbing on fears Washington may curb US fuel exports, a move analysts call potentially catastrophic.
Bessent Says US, China Extend Trade Truce to January 10Treasury Secretary Scott Bessent said the US and China pushed their tariff truce deadline two months, to Jan. 10, as talks continue.
Disney Raises Disney+, Hulu Prices, Bloomberg ReportsDisney will raise Disney+ and Hulu subscription prices, Bloomberg News reported, extending a run of streaming cost increases.
What We Know About the US Treasury Selloff Across MaturitiesTreasury yields rose broadly Sept. 23, 2026, Bloomberg reports, though the briefing did not detail the cause or scale.
WSJ: Chinese Firms Are Top Source of Seized Goods Bound for HouthisA Wall Street Journal investigation finds Chinese suppliers lead all seized shipments headed to Yemen's Houthi militants.
What We Know About Wall Street's Inflation-Driven Stock SlideRising oil prices and stronger business activity data pushed bond yields up and knocked stocks lower on Wall Street.
£18.3bn UK Borrowing, $40tn US Debt Trigger IMF WarningIMF chief Kristalina Georgieva urged the UK and US to cut borrowing as August debt costs and the $40tn US debt pile climbed.
What We Know About Middle-Income Renters' Affordability SqueezeNew research shows one in five U.S. renters missed full, on-time rent payments last year, a strain now reaching middle earners.
Turkish Airlines Finalizes Order for Up to 150 Boeing 737 Max JetsTurkish Airlines converted a framework deal into a firm order for up to 150 Boeing 737 Max jets after prolonged talks.
Airtel Money Files for London IPO, Possibly Largest in 5 YearsAirtel Money Commerce NV filed to list in London in a deal that could be the city's largest IPO in five years, Bloomberg reported.
Why Is Singapore's Inflation at Its Highest Since 2024?Singapore's core inflation rose for a third straight month, nearing the top of the central bank's forecast band, Bloomberg reports.
UK Borrowing Jumps in August, Pressuring Chancellor Ahead of BudgetAugust borrowing beat forecasts as inflation pushed up debt costs, squeezing Chancellor Healey before his October Budget.
Why Is Qantas Adding Ultra-Long Nonstop Flights Despite Fuel Costs?Qantas says it will keep expanding its ultra-long nonstop routes even as fuel costs climb, chief executive Vanessa Hudson said.
$131.5 Million: DoorDash Settles New York Wage Underpayment CaseDoorDash will pay New York City $131.5m after admitting it underpaid or paid late thousands of delivery workers.
London — Economist Profiles Ari Emanuel's Hollywood PlaybookThe Economist's Culture desk profiles talent agent Ari Emanuel, saying his negotiating tactics carry more risk in Hollywood now than before.
Paramount Clears US State Reviews, Confronts $80bn Debt LoadParamount overcame state opposition to its Warner Bros Discovery deal but will carry about $80bn in net debt, the FT reported.
What We Know About Spain's Record 2025 Wildfire SeasonSpain's largest-ever wildfire burned 80,000 hectares in 2026; researchers say warming made such fires 40 times more likely.
IMF Moves to Scale Back Economic Consultations for Some NationsThe IMF is preparing to cut back routine economic reviews for some member countries as part of a broader efficiency push, Bloomberg reports.
What We Know About the US Northeast Air Traffic Center OutageA technical fault at a Northeast air traffic facility triggered delays at several major U.S. airports, the Associated Press reported.
Washington — March Retail Sales Fell as Consumers Pulled BackUS retail spending declined in March 2023 as banking-sector turmoil and recession fears led consumers to pull back, CNN Business reported.
State AGs Settle Lawsuit Over Paramount-Warner's $81 Billion DealState attorneys general settled a lawsuit against Paramount and Warner Bros. Discovery, clearing a hurdle for the $81 billion merger.
What Happens to Wendy's 314 Stores After Franchisee Termination?Wendy's ended a bankrupt franchisee's brand rights to 314 U.S. locations, opening the door to corporate or new-operator control.
Oil Prices Fall to Two-Week Low on Iran, Saudi Pipeline HopesBrent and U.S. crude hit two-week lows on reports Iran may reopen the Strait of Hormuz, which NBC News has not confirmed.
Riyadh — Saudi East-West Pipeline Nears Restart After AttackSaudi Arabia is testing its East-West pipeline after attacks halted flows this month, and crude could resume within days, per WSJ.
Brent Crude Falls Below $100 as Iran Offers 7-Day Hormuz DealOil slid under $100 a barrel after Iran offered to reopen the Hormuz Strait in seven days if the U.S. eases pressure.
Lindt Scraps Dubai Flagship Store Plan Amid Iran War ConcernsLindt & Spruengli halted a planned flagship chocolate store in Dubai, citing concerns tied to the war in Iran, Bloomberg reports.
CMA Caps Vet Prescription Fees at £21, Orders New UK Price RulesBritain's competition watchdog now requires vets to publish price lists and flag cheaper online medicine within 12 months.
Gold Prices Fall on Higher-for-Longer Interest Rate OutlookGold slipped as traders priced in a longer stretch of elevated interest rates, Reuters reported, denting the metal's near-term appeal.
U.S. Proposes $5 Billion Fund to Rebuild Gulf Energy SitesA proposed $5 billion seed fund to rebuild Gulf energy infrastructure is under early discussion with Saudi Arabia and the U.A.E.
Infantino Proposes External Review Amid Fifa Reform PressureFifa president Gianni Infantino has proposed an independent review of the governing body's decision-making, after his private-investment plan collapsed.
FT: Kremlin-Backed Forgery Ring Moved $6.9bn Through BanksThe Financial Times reports a Kremlin-linked forgery operation routed $6.9 billion through global banks, per its Sept. 21 briefing.
Houthis and Saudi Arabia Reignite War, Opening Second FrontYemen's Houthis and Saudi Arabia are fighting again, a second Mideast front opening after US and Israeli strikes on Iran, per the Times.
Zurich — Infantino Proposes External Review of FIFA GovernanceFIFA's president proposed an independent governance review after backlash over a scrapped plan to sell World Cup commercial rights.
Oil Settles Near $100 a Barrel as Saudi Exports RiseOil fell toward $100 a barrel Sept. 21 on signs Saudi Arabia is boosting Strait of Hormuz exports and Iran diplomacy hopes.
What We Know About the Second UK Air Traffic Control GlitchA Prestwick connectivity issue grounded about 150 UK flights Monday, prompting airline demands for Nats leadership accountability.
Qatar Sells $3 Billion in Bonds as Hormuz Closure Widens DeficitQatar sold $3 billion in bonds, its first public sale since November, as the US-Iran war widens the Gulf state's deficit.
Paramount Settles With 12 States Over Warner Bros DealParamount will keep operations in California and skip divestitures under a deal clearing its $110bn Warner Bros bid.
Iran Shortens Government Office Hours to Cut Fuel UseIran cut office hours to 8am–1pm through March 2027 and made metro and bus transit free to ease fuel and power shortages.
FAA Halts Flights At Newark And Philadelphia AirportsFAA halted flights at Newark and Philadelphia airports after a circuit failure and backup line cut, with no resumption time set.
Paramount Settles Merger Lawsuit as AMD Nears $1 Trillion MarkBloomberg's business brief pairs a Paramount merger-lawsuit settlement with AMD's climb toward a $1 trillion valuation.
Oil Falls Below $100 for Third Day as Saudi Supply Fears EaseWTI crude slipped below $100 a barrel for a third straight session as traders bet Saudi pipeline flows will soon resume.
What We Know About House Prices Facing New Rate IncreasesThe Economist finds the savings and fixed-rate buffers that protected home values last cycle have largely disappeared.
Oil Falls Below $100, European Bonds Rebound on Iran SpeculationBrent crude dropped below $100 a barrel as traders weighed reports of a possible Trump-Iran meeting, lifting French and Italian debt.
$10mn BC Partners Loan Aims to Reassure PIF on LIV Golf DealBC Partners is providing a $10mn bankruptcy loan to LIV Golf as Saudi Arabia's PIF questions the firm's commitment.
Oil Tanker Shortage Pushes Hormuz Shipping Rates to RecordsA tanker shortage has sent Strait of Hormuz shipping rates to record levels, threatening to keep gasoline prices elevated for drivers.
Chiltern Railways Returns to Public Ownership After 30 YearsChiltern Railways became the 10th operator brought into Great British Railways, with 25 daily services and 10,000 extra seats promised by December.
Iran's Oil and Gas Sector Shrinks 26 Percent Amid US-Israel WarIran's GDP fell 10.1 percent as its oil and gas sector contracted 26.4 percent during the US-Israel war, new data show.
Ineos Billionaire Worth £15bn Says UK Economy 'On the Slide'Sir Jim Ratcliffe, the Ineos founder worth about £15bn, says high taxes and low gas investment are pushing the UK into decline.
What We Know About JPMorgan's Struggle to Forecast Oil PricesJPMorgan says it can no longer model how the US-Iran war will move oil prices after its assumed economic limits were crossed.
Buffett Steps Down as Berkshire Chairman After Six DecadesWarren Buffett, 96, has stepped down as Berkshire Hathaway's chairman, handing leadership to his son Howard after six decades.
China's Economic Slowdown Squeezes Shangri-La Mushroom HuntersTibetan foragers in Shangri-La face fiercer competition for a prized mushroom as China's slowdown reaches remote hillside income.
Ukraine War Disrupts Black Sea Wheat Shipments, Bloomberg ReportsWar-related disruption in the Black Sea is snarling wheat shipments and pushing buyers to seek supplies elsewhere, Bloomberg reports.
Guyana's Oil Boom Gets an Extra Lift From the Iran WarHigher oil prices tied to the Iran war are adding to Guyana's growth, even as corruption and Venezuela tensions rise.
Fox Corp Ordered to Turn Over Documents in Shareholder SuitA judge ordered Fox Corp to hand over hundreds of internal documents to shareholders suing over how Rupert Murdoch managed scandals.
What We Know About the U.S.-Greenland Business DealA new U.S.-Greenland agreement opens the island to more American investment but stops short of the control Trump wanted.
What We Know About JPMorgan, Citigroup and Wells Fargo EarningsLarge-bank results from JPMorgan, Citigroup and Wells Fargo gave markets a first look at health after sector turmoil.
Saudi Arabia Moves to Restore East-West Pipeline as Oil SlipsCrude futures fell for a second straight session as Saudi Arabia prepares to reroute exports through the Strait of Hormuz.
Brewdog Administrators Say Funds Insufficient to Pay CreditorsAlixPartners says Brewdog's retail arm lacks funds to repay preferential creditors, including HMRC and unpaid staff wages.
UK Tribunal System Confronts Rise in Disability Discrimination ClaimsAcas's chair warns Britain's employment tribunal system faces an 'enormous challenge' as disability bias disputes climb, per the Financial Times.
MPs Say Government Lacks Credible Plan for British SteelA parliamentary committee says ministers still cannot show how nationalized British Steel turns a profit or what it will cost taxpayers.
What We Know About the Tata Sons Listing FightNoel Tata is trying to block a public listing of the family's holding company against the wishes of its chairman.
Volvo Taps Škoda's Zellmer as CEO Ahead of 2026 Exit by SamuelssonVolvo Car AB has appointed Škoda chief executive Klaus Zellmer as its next CEO, succeeding Håkan Samuelsson who plans to step down in 2026.
Report Highlights Increased Productivity Among UK WorkersA new report indicates UK workers are more productive than previously believed, with offline time contributing positively.
Bank of England Maintains Interest Rates Amid Inflation ConcernsThe Bank of England holds interest rates steady at 3.75% as global energy prices rise, but future hikes remain possible.
San Francisco — Automattic Executives Sign Severance Deals Amid Leadership TurmoilAutomattic's interim CEO and legal chief signed severance agreements during Matt Mullenweg's brief ouster, raising questions about board actions.