Electronic Arts said Monday that it has agreed to be acquired by the Public Investment Fund of Saudi Arabia, Silver Lake and Affinity Partners in an all-cash deal worth $55 billion. Shareholders of the company will receive $210 per share in cash. EA stock climbed 5% Monday. Shares gained about 15% Friday, closing at $193.35,…
If you’re in the market for a premium travel credit card, get ready to pay an even heftier annual fee. On Thursday, American Express rolled out the latest version of its Platinum card, which now comes with a $895 fee, up from $695. Earlier this summer, JPMorgan Chase upped the annual charge for its Sapphire…
(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett. You can sign up here to receive it every Friday evening in your inbox.) Berkshire totally exits its profitable stake in Chinese EV maker Berkshire Hathaway has completely exited its extremely profitable equity investment in the Chinese electric vehicle maker BYD….
U.S. President Donald Trump speaks as he sits next to a “Trump Gold Card” sign, in the Oval Office at the White House in Washington, D.C., U.S., Sept. 19, 2025. Ken Cedeno | Reuters Major technology companies and foreign governments are rushing to respond after President Donald Trump late Friday announced plans to impose a…
Buy now, pay later plans offer an attractive alternative to credit cards for consumers: They allow purchases to be split into short-term, typically interest-free installments. “Credit isn’t new. Credit’s been around for thousands of years and credit cards aren’t new. But they’ve had a hard time adapting to consumer needs,” said Michael Linford, chief operating…
Traders work at the New York Stock Exchange on Aug. 29, 2025. NYSE Lendbuzz, an auto finance fintech company, filed an IPO prospectus Friday. The Boston-based company is targeting a valuation of around $1.5 billion, according to a person familiar with the matter, who asked not to be named discussing internal matters. That valuation may…
Wells Fargo CEO Charles Scharf said Wednesday that while corporations and higher-income consumers are thriving, lower income Americans are struggling to stay afloat. The bank’s data shows that “companies are in really great shape” and spending among all income levels has been steady, but there are signs of stress among lower earners, Scharf said in…
JPMorgan Chase CEO Jamie Dimon said that a Labor Department report released Tuesday confirmed that the U.S. economy is slowing down. The department revised lower its nonfarm payrolls data for the year through March 2025 by 911,000 jobs from initial estimates. That was on the high side of Wall Street’s expectations for a downward shift…
LONDON — European stock markets are set to open higher on Friday, as investors await a key U.S. jobs report that’s likely to set expectations for an upcoming Federal Reserve interest rate cut. Major bourses are all seen opening higher, according to IG data. Both equities and bonds sold off globally earlier in the week…
Sanjay Beri, chief executive officer and founder of Netskope Inc., listens during a Bloomberg West television interview in San Francisco, California. David Paul Morris | Bloomberg | Getty Images Cloud security platform Netskope will go public on the Nasdaq under the ticker symbol “NTSK,” the company said in an initial public offering filing Friday. The…
