50/FIFTY

Today's stories, rewritten neutrally

FinanceMar 27

Florida CEO killed in hit-and-run boat collision near Miami

Davide Veglia was fatally struck when a 30-foot vessel collided with his small boat, leaving his teenage son hospitalized.

3 sources
FinanceMar 19

Fed Chair Powell Signals Extended Tenure, Markets React to Inflation Outlook

Federal Reserve Chair Jerome Powell indicated he may remain at the central bank beyond his current term, while markets adjust expectations for future rate cuts.

2 sources
FinanceMar 28

Private Credit Funds Report February Losses as Market Conditions Deteriorate

Several major private credit funds, including Blue Owl and HPS, experienced losses in February amid challenging market conditions.

2 sources
FinanceFeb 26

World Economic Forum CEO Resigns After Scrutiny Over Epstein Connections

The World Economic Forum's CEO stepped down following public scrutiny of his connections to Jeffrey Epstein, as new documents reveal model scout communications.

3 sources
FinanceMar 19

Elliott Investment Management Builds Stakes in Multiple Companies

Activist investor Elliott Investment Management has acquired positions in Japanese shipping company Mitsui O.S.K. Lines and dental technology firm Align Technology.

3 sources
FinanceMar 21

Unilever in Talks to Sell Food Business to McCormick

Consumer goods giant Unilever is reportedly in discussions to divest its food division, which includes the Hellmann's brand, to spice company McCormick.

2 sources
FinanceMar 12

Utah Challenges Prediction Markets in Legal Battle Over Gambling Regulations

Utah has initiated a legal fight against prediction market platforms Kalshi and Polymarket over state gambling laws.

2 sources
FinanceMar 3

Paramount faces credit downgrade while regulators signal support for Warner Bros deal

Fitch downgraded Paramount's credit rating following its $110 billion merger agreement with Warner Bros, as US media regulators indicated support for the deal.

4 sources
FinanceMar 11

Coal Prices Rise to 13-Month High Amid Middle East Conflict; China Reports Export Surge

Coal prices reached their highest level in over a year following escalation of Middle East conflict, while China reported strong export growth before hostilities began.

3 sources
FinanceMar 12

PayPay Prices IPO at $16 Per Share, Below Initial Marketing Range

SoftBank-affiliated digital payments company PayPay priced its initial public offering at $16 per share, valuing the company at $879.8 million.

4 sources
FinanceMar 10

Turkey's Halkbank Settles US Criminal Case Over Iran Sanctions Violations

Turkey's state-owned Halkbank has reached a settlement with US authorities to resolve criminal charges related to violations of Iran sanctions.

3 sources
FinanceMar 26

Stellantis Faces Production Disruptions from Supplier Issues

Jeep Cherokee production has been halted at a Mexican factory due to a payment dispute with supplier ZF Chassis Modules since March 14.

2 sources
FinanceMar 26

UK Government Invests £100m to Restart CO2 Plant; JLR Suspends Production

The UK government will invest £100 million to restart a carbon dioxide plant on Teesside while Jaguar Land Rover suspends production due to supplier issues.

2 sources
FinanceMar 14

US Begins Emergency Oil Reserve Release of 86 Million Barrels

The United States has initiated an emergency release of 86 million barrels from its strategic petroleum reserves.

2 sources
FinanceMar 25

Beretta Seeks to Increase Stake in Sturm Ruger Amid Corporate Dispute

Italian firearms manufacturer Beretta Holding has made an offer to expand its ownership stake in American gun maker Sturm, Ruger & Company.

3 sources

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