Business
All the latest news stories about the business world: mergers, IPOs, trends, personalities, and more
Getty’s $3.7 billion attempt to buy Shutterstock faces investigation
Britain's antitrust watchdog is intensifying its investigation into Getty Images' plan to buy Shutterstock.
Kimberly-Clark to Buy Tylenol Maker in $48.7B Deal
Kimberly-Clark announced Monday it will acquire Kenvue in a $48.7 billion cash-and-stock deal, creating one of the world’s largest consumer goods companies.
Gotta Collect 'Em All: Pokémon Cards Outperform Wall Street
Pokémon cards aren’t just a nostalgic hobby, they’ve quietly become one of the best-performing investments of the past two decades.
Novo Nordisk Slashes Jobs Amid Lilly Pressure
Novo Nordisk is laying off 9,000 employees, about 11% of its global workforce, as it faces intense competition in the booming weight-loss drug market.
Klarna Makes a Splash: Swedish Fintech Surges in IPO Debut
Klarna’s shares jumped 15% in their New York Stock Exchange debut Wednesday, closing at just above $45 after pricing at $40.
OpenAI’s $300B Cloud Splurge Supercharges Oracle
OpenAI has reportedly committed to spending a staggering $300 billion on Oracle’s cloud services over five years starting in 2027.
Ellison Overtakes Musk: Oracle Co-Founder Tops Billionaire List
Oracle co-founder Larry Ellison became the world’s richest person Wednesday after a surge in Oracle stock pushed his net worth to $393 billion.
Klarna shares jump 30% on Wall Street debut
Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Musk loses crown as world’s richest to software giant Larry Ellison
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
Cracker Barrel Pauses Restaurant Remodels After Logo Drama
Cracker Barrel has officially paused all restaurant remodels after customer backlash to its sleek new logo and updated design.
iPhones, AirPods & Watches, Oh My! Apple Unveils New Products
Apple had a big day Tuesday, unveiling a fresh batch of gadgets — and yes, there are four new iPhones in the mix.
