50/FIFTY

Today's stories, rewritten neutrally

FinanceMar 7

Prediction Market Rivals Kalshi and Polymarket Seek $20 Billion Valuations

Two competing prediction market platforms are pursuing roughly $20 billion valuations as they compete for market dominance.

2 sources
FinanceMar 19

Law Firm Kirkland & Ellis Reports Record $11 Million Average Partner Pay

Kirkland & Ellis achieved record partner compensation despite broader private equity market downturn affecting legal industry.

2 sources
FinanceMar 18

BP Locks Out Union Workers at Indiana Oil Refinery

BP has implemented a lockout of union workers at its oil refinery in Indiana, escalating a labor dispute at the Midwest facility.

2 sources
FinanceApr 10

Sodexo Shares Fall After Company Reports Earnings Miss, Cuts Outlook

French corporate services company Sodexo saw its stock price decline after reporting weaker-than-expected earnings and lowering its fiscal 2026 guidance.

2 sources
FinanceMar 17

Canadian Financier Stephen Smith Acquires 26.9% Stake in The Economist Magazine

Stephen Smith has agreed to purchase a 26.9% stake in The Economist publication from the Rothschild family.

2 sources
FinanceMar 17

Blue Owl Forces UK Mortgage Lender Into Insolvency After Finding Irregularities

Blue Owl Capital triggered the insolvency of a UK mortgage lender after discovering financial irregularities during its oversight.

2 sources
FinanceApr 21

CFPB Ends Some Lending Industry Antidiscrimination Requirements

The Consumer Financial Protection Bureau ended certain lending industry requirements under the Equal Credit Opportunity Act.

1 source
FinanceMar 16

Mandelson Received Over £1.5 Million from Stake in Failed Advisory Firm

Peter Mandelson received more than £1.5 million from his stake in Global Counsel, an advisory firm that has collapsed.

2 sources
FinanceMar 12

Estée Lauder sues perfumer Jo Malone over contract breach

Cosmetics giant Estée Lauder has filed a lawsuit against perfumer Jo Malone for alleged breach of contract.

3 sources
FinanceMar 16

Lululemon Faces Leadership Challenge as Founder Wilson Seeks Board Control

Lululemon's interim leadership works to boost sales while founder Chip Wilson launches proxy battle for board seats.

2 sources
FinanceApr 8

Delta CEO Reports Strong Q1 Demand While Constellation Brands Sees Revenue Decline

Mixed earnings results show Delta Air Lines experiencing broad-based travel demand growth while alcohol company Constellation Brands faces continued weakness.

2 sources
FinanceMar 14

Berkshire Hathaway Resumes Share Buyback Program

Warren Buffett's Berkshire Hathaway has resumed its share repurchase program according to recent regulatory filings.

2 sources
FinanceMar 10

Lego faces cost pressures, CEO opposes Danish wealth tax

Lego navigates higher costs from war while CEO criticizes proposed Danish wealth tax policy.

3 sources
FinanceApr 7

Red Lobster Faces Financial Strain Despite Promotional Campaigns

Red Lobster is experiencing mounting losses and cash flow issues, potentially requiring tens of millions in additional funding to continue operations.

2 sources
FinanceMay 26

Property and Mortgage Advice Column Addresses Tenant and Overseas Worker Issues

A property advice column tackled questions about tenant cooperation during viewings and mortgage challenges for overseas government workers.

2 sources

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