South Korea has been ordered to pay Elliott Investment Management about $48.49 million plus interest after an arbitration tribunal ruled the government's involvement in the 2015 merger of Samsung C&T and Cheil Industries βwas causally linked to the US fund's losses, Seoul's Justice Ministry said on Thursday.
The US securities regulator on Wednesday charged Meyer Global Management and its CEO Owen Meyer over the private fund adviser's βschemes that allegedly took advantage of retail investors seeking exposure to SpaceX and other pre-IPO shares.
Federal Reserve Governor Lisa Cook on Wednesday said she is committed to bringing inflation down without harming the labor market in remarks that βonly briefly touched on monetary policy and did not address the latest inflation data.
Brazil and the US will establish a working group to discuss issues related βto a potential agreement on trade, the Brazilian government said in a statement on Wednesday, after a meeting between officials from both countries.
ElevenLabs said on Wednesday it had completed a $300 million employee tender offer valuing the AI voice generation startup at $22 billion, twice the valuation it secured in its February βfunding round.
Prediction market startup Polymarket on Wednesday rolled out a slew of tools to help users manage compulsive behavior, including voluntary deposit limits, lock-outs and access βto mental health resources.
Caterpillar said on Wednesday it plans to invest about $1 billion in North Carolina to expand manufacturing capacity for βits compact equipment business amid rising customer demand.
The US trade deficit in goods widened sharply in August amid a surge in imports, suggesting that trade βcould remain a drag economic growth in the third quarter.
Hewlett Packard Enterprise on Wednesday raised its long-term revenue growth forecast for its networking business, driven by the AI boom and announced a $1.2 billion order to provide AMD server racks βto cloud firm Vultr.
BMW is holding a two-day capital markets event to brief investors about the premium carmaker's strategy, the first for new CEO Milan Nedeljkovic, who took over in May.
The US economy grew at a solid clip in the second quarter, driven by robust consumer spending and business investment related to the buildout of AI infrastructure.
China's commerce ministry has decided to extend two probes into US trade practices it launched βin March by three months until December 27, according to ministry statements.
Hormel Foods on Wednesday said it would buy βfamily-owned chicken processor Brakebush Brothers for $1.06 billion, as the Skippy peanut butter maker looks to expand its protein portfolio.
Apple is planning to make its long-delayed push into the smart-home market on October 13 with a new hub code-named J490, Bloomberg News reported on Wednesday, citing people βfamiliar with the matter.
Ethiopian βAirlines will later on Wednesday sign a deal with Boeing for 10 freighter aircraft, a banner at the venue of a signing β ceremony showed.
President Donald Trump could unveil plans as soon as Wednesday to tap South Korea's pledged strategic investment package for about $54 billion to build a liquefied natural gas project in Alaska, as he rolls out a series of economic initiatives ahead of November's midterm elections.
US food delivery firm DoorDash will create 3,000 jobs in India over the next two years through a global technology hub βit opened in the southern city of Hyderabad on Wednesday, the Telangana state government said.