Huntington Bancshares (HBAN) has agreed to acquire Cadence Bank (CADE) in an all-stock transaction valued at approximately US$ 7.4 billion. Under the terms, Huntington will issue 2.475 shares of its …
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Unusual Machines, a Florida-based drone manufacturer with ties to Donald Trump Jr., has secured its largest Pentagon contract to date. The U.S. Army awarded the company a deal to supply …
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The Federal Reserve (Fed) has moved to soften its annual stress-testing regime for major American banks, marking a significant shift in the regulatory landscape. Under the new proposals, large lenders …
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BusinessPoliticsTech
Brussels Formally Accuses Meta of Failing to Police Illegal Content Under EU Digital Law
The European Commission (EC) has formally accused Meta Platforms of failing to meet its obligations under the Digital Services Act (DSA). According to the Commission’s preliminary findings, Meta’s platforms, specifically …
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The U.S. Consumer Price Index (CPI) rose by 0.3 % in September on a month-on-month basis and by 3% year-on-year, a shade below the consensus forecast of 3.1% and 0.4% …
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The investment giant Blackstone Group has admitted that the era of “bumper” returns from private credit lending is over, signaling a turning point in a market that surged during the …
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BusinessFinance
Lakestar Shifts Strategy: Firm Will Pause Traditional Fundraising to Focus on Portfolio Growth
Venture capital firm Lakestar, best known for early backing of companies such as Spotify and Revolut, has announced that it will cease raising new general-venture funds from outside investors and …
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Google has committed to purchasing electricity from a 400-megawatt natural gas power plant in Decatur, Illinois, marking its first corporate agreement to support a carbon capture and storage (CCS) project. …
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BusinessTech
Palantir Strikes US$ 200 Million Deal with Lumen to Power the Next Wave of Enterprise AI
Enterprise technology specialist Palantir Technologies has entered a multi-million-dollar strategic partnership with telecom infrastructure firm Lumen Technologies, in a deal reportedly worth more than US$ 200 million. Under the agreement, …
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Microsoft has just announced a major update to its Edge browser: the rollout of “Copilot Mode”: a feature the company describes as transforming the browser into an AI-powered assistant. The …
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Rivian Automotive is to lay off more than 600 employees, equivalent to roughly 4 % of its workforce, as it confronts a slowing electric-vehicle (EV) market and prepares for the …
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In a move that sent ripples through the cryptocurrency sector, U.S. President Donald Trump issued a pardon to Changpeng Zhao, the founder of Binance, the world’s largest digital assets exchange. The decision …