A family trust linked to Elon Musk has agreed to pay $1.5 million to resolve allegations brought by the Securities and Exchange Commission (SEC) concerning the billionaire's untimely reporting of his acquisition of Twitter (now known as X) shares in 2022, according to The Wall Street Journal citing...

According to a press release from the bidder, American video game and consumer electronics retailer GameStop has made a non-binding proposal to purchase eBay Inc., the largest online auction platform in the world, for $55.5 billion. The bidder plans to pay 50% of the transaction amount in cash and...

Warren Buffett's investment firm, Berkshire Hathaway, reported a first-quarter net profit that more than doubled compared with the same period last year, while operating earnings rose by 18%, according to the company's financial statement. Net income for the three months ending in March reached USD...

The combined initial public offering of shares of Bill Ackman's Pershing Square USA closed-end investment fund and Pershing Square management company raised $5 billion, Bloomberg writes, citing a statement from the companies. This amount includes a private placement of $2.8 billion. The IPO will...

Head of Italian energy company Eni, Claudio Descalzi, discussed Eni's current operations, future plans, and potential opportunities with the acting president of Venezuela, Delcy Rodriguez, according to the company. The meeting took place with the participation of Venezuela's Minister of...

PricewaterhouseCoopers (PwC) is set to pay HK$1.3 billion ($166 million) in penalties and compensations to resolve allegations connected to its role as the auditor for the insolvent Chinese property developer China Evergrande Group. The Accounting and Financial Reporting Council of Hong Kong...

Boeing Co., a leading global producer of aerospace and defense systems, decreased its net loss in Q1 2026 and saw a revenue boost of 14%. As stated in a Boeing press release, the net loss for the January-March timeframe decreased to $7 million, or $0.11 per share, in contrast to $31 million, or...

India’s expanding market for weight-loss and diabetes therapies has come under renewed scrutiny after regulators uncovered a suspected counterfeit drug operation involving imitation injection pens marketed as a leading anti-obesity treatment. The seizure of more than 260 suspected fake pens has...

Air travelers must prepare for additional issues in the upcoming months, as airlines globally are escalating flight cancellations and implementing other strategies to manage the significant surge in jet fuel costs, according to Bloomberg. On Thursday, April 16, the Dutch airline KLM declared it...