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Neptune Insurance valued at over $3 billion as shares jump in NYSE debut
Reuters· 2025-10-01 23:59
Neptune Insurance shares jumped 12.5% in their New York Stock Exchange debut on Wednesday, valuing the company at nearly $3.11 billion and making it the latest insurer to capitalize on a buoyant listi... ...
New BP Chair urges asset sales, faster execution of strategy shift, internal memo shows
Reuters· 2025-10-01 23:51
New BP Chair Albert Manifold told BP employees on Tuesday that the group needed to move faster executing its strategy of shifting focus from renewables to oil and gas and consider more asset sales, an... ...
Microsoft raises top Xbox Game Pass subscription by 50%
Reuters· 2025-10-01 23:49
Microsoft's Xbox has raised the price of the highest tier of Game Pass by 50% and expanded its offerings under the videogame subscription service to include more games, enhanced cloud streaming and a ... ...
Diamondback CEO sees US crude output growth stalling with $60/bbl oil
Reuters· 2025-10-01 23:42
U.S. oil production growth will stall if prices stay near $60 per barrel, as fewer drilling sites are profitable at that level, the CEO of Diamondback Energy , one of the country's top oil producers, ... ...
GM third-quarter US auto sales up about 8%
Reuters· 2025-10-01 23:32
General Motors reported a 7.7% rise in its U.S. auto sales during the third-quarter on Wednesday, aided by strong demand for electric vehicles and SUVs. ...
Toyota's third-quarter US sales up nearly 16%
Reuters· 2025-10-01 23:31
Toyota Motor's North American unit reported a near 16% rise in auto sales on Wednesday, helped by sales of its pickup trucks and cars. ...
US Supreme Court to hear arguments over Trump bid to fire Fed's Cook
Reuters· 2025-10-01 22:56
The U.S. Supreme Court announced on Wednesday it will hear arguments over Donald Trump's attempt to remove Federal Reserve Governor Lisa Cook - the first-ever bid by a president to fire a Fed official in his unprecedented challenge to central bank independence. ...
Five US states file antitrust lawsuit against Zillow, Redfin
Reuters· 2025-10-01 22:51
Five U.S. states have filed an antitrust lawsuit accusing Zillow Group and Redfin Corp of running an illegal scheme to stop competing for apartment advertisements. ...
Activist investors had busiest quarter ever, launching 61 campaigns
Reuters· 2025-10-01 22:46
Activist investors who push companies for operational changes and management shake-ups launched a record number of attacks on global corporations in the third quarter and won more board seats and settlements, new data from Barclays show. ...
BYD's quarterly car sales fall for first time since 2020, data shows
Reuters· 2025-10-01 22:19
BYD's third-quarter sales fell 2.1% from a year earlier, according to Reuters' calculations based on a company filing released on Wednesday, the first quarterly decline for the Chinese EV and hybrid c... ...