50/FIFTY

Today's stories, rewritten neutrally

FinanceApr 14

Mixed Results for Consumer Companies as Imperial Brands Warns on Market Share

Imperial Brands shares declined after the cigarette maker warned of market-share losses, while Publicis reported growth driven by AI services despite Middle East impacts.

3 sources
FinanceMar 29

Bank of America Pays $72.5 Million to Settle Epstein Victims Lawsuit

Bank of America agreed to pay $72.5 million to settle claims it overlooked signs Jeffrey Epstein's accounts facilitated abuse.

17 sources
FinanceApr 7

IMF warns emerging markets face higher risks from increased reliance on volatile funding

International Monetary Fund says emerging economies are more vulnerable to shocks due to growing dependence on hedge funds and other market investors.

4 sources
FinanceApr 1

UK PM Holds Crisis Talks as JPMorgan CEO Warns of Economic Impact from Iran Conflict

Prime Minister Starmer convened emergency meetings with business leaders while JPMorgan's Dimon expressed uncertainty about potential recession risks.

11 sources
FinanceApr 7

LG Electronics Projects Strong Q1 Earnings Rebound

LG Electronics expects significant first-quarter profit recovery driven by improved performance across appliances, TV and automotive components.

11 sources
FinanceMar 27

Corebridge Financial, Equitable Holdings Agree to $22 Billion Merger

Corebridge Financial and Equitable Holdings announced an all-stock merger creating a $22 billion combined company.

25 sources
FinanceApr 13

California Commercial Salmon Fishing to Resume After Two-Year Closure

Commercial salmon fishing will reopen off California's coast for the first time since 2022 due to recovering fish populations.

2 sources
FinanceMar 31

Apollo Nears $10 Billion Acquisition of KKR's Atlantic Aviation

Private equity firm Apollo Global Management is reportedly close to acquiring Atlantic Aviation from KKR for approximately $10 billion.

12 sources
FinanceApr 7

US Markets Rise Modestly as Oil Prices Fluctuate Amid Iran War Uncertainty

Stock markets posted small gains while oil prices remained volatile as investors monitored ongoing conflict with Iran and potential U.S. military action.

3 sources
FinanceApr 9

Property Taxes Rise 3.7% as Mortgage Rates Drop to 6.37%

U.S. property taxes increased 3.7% to $4,427 average while mortgage rates fell to 6.37% for the first time since recent Iran tensions.

3 sources
FinanceApr 2

Blue Owl Caps Withdrawals from Private Credit Funds at 5% After High Redemption Requests

Investment firm Blue Owl Capital has limited investor withdrawals from two private credit funds to 5% following an unusually high volume of redemption requests.

8 sources
FinanceApr 14

Private Credit Market Sees Mixed Activity with Default and New Fundraising

BlackRock's Asia fund experiences borrower default while Blue Owl raises $400 million, highlighting diverse conditions in private credit markets.

2 sources
FinanceApr 7

Italian Energy Giant Eni Discovers Major Gas Field Offshore Egypt

Italy's Eni announced the discovery of approximately 2 trillion cubic feet of natural gas in offshore Egyptian waters.

4 sources
FinanceApr 6

Federal appeals court rules New Jersey cannot regulate Kalshi's prediction market

A federal appeals court ruled that New Jersey gaming regulators lack authority to prevent Kalshi from operating sports-related prediction markets in the state.

4 sources
FinanceMar 31

Powell Says Fed Can Wait on War Impact, Inflation Expectations Remain Stable

Federal Reserve Chair Jerome Powell told Harvard students the Fed can monitor war's inflation effects while longer-term expectations stay controlled.

11 sources

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