Sopa Images | Lightrocket | Getty ImagesBluebird Bio will sell itself to private equity firms Carlyle and SK Capital for about $30 million, the company said Friday, marking the end of the Bluebird's fall from the one of the buzziest biotech firms to one that was on the cusp of...
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Cruise stocks tumble after Commerce Secretary Lutnick signals tax crackdown
The Royal Caribbean cruise ship 'Explorer of the Sea'.Getty ImagesShares of cruise lines tumbled Thursday after Commerce Secretary Howard Lutnick suggested the Trump administration would crack down on taxes paid by the companies."You ever see a cruise ship with an American flag on the back?" Lutnick said in an appearance...
Germany’s election will usher in new leadership — but might not turn tides for the country’s struggling economy
Production at the VW plant in Emden.Sina Schuldt | Picture Alliance | Getty ImagesThe struggling German economy has been a major talking point among critics of Chancellor Olaf Scholz' government during the latest election campaign — but analysts warn a new leadership might not turn these tides.As voters prepare to...
GameStop CEO Ryan Cohen hikes his personal stake in Alibaba to $1 billion, WSJ says
GameStop Chairman Ryan Cohen.CNBCGameStop CEO and billionaire investor Ryan Cohen has increased his personal stake in Chinese e-commerce giant Alibaba to roughly 7 million shares worth about $1 billion, The Wall Street Journal reported Thursday.Citing people familiar with the matter, the Journal said the sizable stake in Alibaba is a...
Walmart is getting a bump from a surprising cohort: Wealthier shoppers
Shoppers at a Walmart store in Secaucus, New Jersey, U.S., in March 2024.Gabby Jones | Bloomberg | Getty ImagesWalmart is known for its low prices and no frills approach.So it may come as a surprise that wealthier shoppers are helping to fuel the retailer's growth.For more than two years, the...