DUBAI, United Arab Emirates — The wealthy Arab Gulf states are in a better position than many other regions of the world to manage the economic impact of U.S. President Donald Trump's tariffs, economists and regional investors say. But a shaky outlook for the price of oil could put some...
Walgreens tops estimates as drugstore chain cuts costs, prepares to go private
Walgreens on Tuesday reported fiscal second-quarter earnings and revenue that topped expectations, as the retail drugstore giant benefits from cost cuts and prepares to go private. The company is in the process of being taken private by Sycamore Partners in a roughly $10 billion deal that is expected to...
Market turbulence will not impact Mediobanca deal, Monte dei Paschi CEO says
Siena, ITALY — Monte dei Paschi di Siena is holding firm on its plans to acquire Mediobanca for 13 billion euros ($14.3 billion) despite ongoing market turbulence, telling CNBC it will complete the deal in July. The world's oldest bank still in operation, surprised investors in January by making...
Buffett denies social media rumors after Trump shares wild claim that investor backs president crashing market
Warren Buffett went on the record Friday to deny social media posts after President Donald Trump shared on Truth Social a fan video that claimed the president is tanking the stock market on purpose with the endorsement of the legendary investor. Trump on Friday shared an outlandish social media...