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Former U.S. Treasury Secretary and past Harvard University president Larry Summers has resigned from the board of directors of OpenAI. The artificial-intelligence company disclosed the move on Wednesday morning, two days after Summers publicly expressed remorse over his long-standing interactions with the late financier Jeffrey Epstein. In a brief statement, OpenAI’s governing body said, “Larry […]
Who: Lowe’s Companies Inc. What: Reported fiscal third-quarter results that topped Wall Street expectations while cutting its full-year earnings forecast and modestly raising its sales target. When: Results released Wednesday, covering the three months ended Oct. 31, 2025. Where: The retailer operates about 1,700 stores across the United States; results were discussed on a conference […]
Boyu Capital is negotiating with Tencent Holdings, Singapore’s sovereign wealth fund GIC and other potential backers to join its planned acquisition of a majority stake in Starbucks’ mainland China retail business, people familiar with the matter said. The Beijing-based private equity firm intends to bring the two institutions in as limited partners, spreading financial exposure […]
Target Corp. reported a steep decline in third-quarter earnings and cautioned that the downturn is likely to extend through the all-important holiday season, underscoring the retailer’s difficulty in convincing cautious consumers to spend. The Minneapolis-based company said net income for the three months ended Nov. 1 fell 19 percent to $689 million, or $1.51 per share, from $854 million, […]
The Senate is set to forward the House-approved bill demanding the public release of Jeffrey Epstein–related records to President Donald Trump on Wednesday morning, moving the measure to the final step before it becomes law. Late Tuesday, senators agreed by unanimous consent to adopt the exact language passed earlier in the day by the House, […]
The Ackerman family, founders of South African supermarket operator Pick n Pay Stores, has ceded majority control of the listed retailer after completing a private share placement with institutional investors. Through an accelerated bookbuild concluded on 18 November 2025, the family disposed of 64 million ordinary shares at R25.50 each, raising R1.6 billion (approximately US$93 million). The price represented a […]
The Netherlands has halted state-mandated oversight of chipmaker Nexperia, signaling a breakthrough in a months-long dispute that had disrupted supplies to the global automotive sector. The decision, announced Wednesday by the Dutch Ministry of Economic Affairs, follows what officials described as constructive discussions with Chinese authorities. Nexperia, headquartered in Nijmegen and owned by China-based Wingtech […]
Video footage aired by ABC News Live on 18 Nov 2025 shows multiple U.S. Navy warships operating just off the Venezuelan coastline while American forces carry out joint military exercises in the region. The images, captured from an undisclosed coastal vantage point, depict at least two naval vessels moving in formation in waters that appear […]
Washington, D.C., Nov. 18, 2025 — Former U.S. President Donald Trump publicly defended Saudi Crown Prince Mohammed bin Salman during a dinner he hosted in the capital, brushing aside renewed questions about the 2018 murder of journalist Jamal Khashoggi. Speaking to reporters shortly before the private event, Trump was asked whether the crown prince bore […]
Equity markets across the Asia-Pacific region retreated on Wednesday, mirroring losses on Wall Street as investors grew more cautious about lofty valuations in the artificial intelligence space and responded to higher government bond yields. Japan’s Nikkei 225 edged 0.2% lower in choppy trade, while the broader Topix finished almost unchanged. The pullback followed a sharp […]
Truist Securities has reduced its 12-month price target for Insperity, Inc. (NYSE:NSP) to $35 from the previous $50 while reaffirming a Hold recommendation. The adjustment, announced on November 4, follows the company’s third-quarter earnings update and a revision to full-year 2025 guidance. Insperity, a provider of human-resources and business-performance solutions for small and mid-size firms, reported […]
Fire crews in southwestern Japan were still struggling on Wednesday morning to contain a fast-moving blaze that swept through a coastal neighborhood in the city of Oita, leaving extensive property damage and forcing residents to flee in the middle of the night. The Fire and Disaster Management Agency reported that the fire damaged at least […]