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PASW News19 articles
Blackstone-Led Lenders Take Over Medallia, Wiping Out Thoma Bravo's $5 Billion Equity
Lenders led by Blackstone, Apollo, and FS KKR Capital have taken control of Medallia from Thoma Bravo, wiping out the buyout firm's $5 billion equity stake. The restructuring includes $150 million in new capital.
Amazon Ousts Walmart to Top Fortune 500, Reshaping Corporate Peeking Order
Amazon has claimed the top spot on the 2026 Fortune 500, ending Walmart's 13-year run and signaling a shift in corporate power driven by e-commerce, cloud computing, and healthcare.
TerraVest Plunges 30% on Insider-Tipping Probe
TerraVest shares plunged over 30% after the board launched a review into allegations that Executive Chairman Charles Pellerin shared privileged information before the EnTrans deal.
Partners Group Shares Tumble After Capping Withdrawals on $8.6B Fund
Shares of Partners Group fell 16% after the firm capped withdrawals on its $8.6B Global Value SICAV fund, as redemption requests hit 9.8% of NAV, nearly double the 5% quarterly limit.
Adobe Stock Surges 7.4% on AI Shopping Data, Eyes Q2 Earnings
Adobe shares jumped 7.36% on Friday, erasing weekly losses, as AI-driven shopping conversions surged 182% year-over-year. The stock gained 5.9% for the week ahead of Q2 earnings on June 11.
Adobe Shares Surge on AI Shopping Data, Weekly Gain Nears 6%
Adobe shares jumped 7.36% Friday, posting a 5.9% weekly gain, fueled by strong AI shopping data and bullish sentiment. Q2 earnings are due June 11.
Butterfield Acquires CIBC Caribbean for $1.8B, Reshaping Regional Banking
Butterfield acquires CIBC's majority stake in CIBC Caribbean for $1.8B, adding 41 branches across 10 countries and boosting assets to $29B. CIBC sharpens North American focus.
Amazon Stock Climbs on AI Shopping Assistant Rollout via AWS
Amazon shares gained over 2% following the launch of AI shopping assistants for retailers through AWS, positioning the company as a neutral AI infrastructure provider.
UK Sanctions HTX and 17 Others in Sweeping Crypto Crackdown on Russia
The UK has sanctioned HTX, formerly Huobi Global, along with 17 other crypto and payment firms, in a major move to disrupt Russia-linked financial networks.
Pinterest Shares Slide 6%, Wiping Out Post-Earnings Rally
Pinterest shares fell about 6% Tuesday, erasing post-earnings gains, despite Q1 revenue growth and a Q2 forecast above analyst expectations.
Vale Outperforms Slumping Brazil Market on Iron Ore Strength
Vale shares rose 0.76% in São Paulo on Friday, outperforming the falling Ibovespa, as iron ore prices held near 52-week highs and the company projected $1.5 billion in additional free cash flow from its iron ore unit in 2026.
Amazon's AI Shopping Assistant Now Handles Checkout, Stock Dips 1.8%
Amazon launches Alexa for Shopping, an AI assistant that compares products, monitors prices, and automates purchases. Shares fell 1.8% to $262.50.
UAE to Exit OPEC on May 1, Reshaping Global Oil Dynamics
The United Arab Emirates will exit OPEC and OPEC+ on May 1, ending nearly six decades of membership, as it seeks greater production flexibility amid a Middle East supply crunch.
Panama Canal Sees Traffic Rise as Middle East Tensions Reroute Shipping
The Panama Canal is experiencing increased vessel traffic as geopolitical tensions near the Strait of Hormuz and rising fuel prices make the shorter route more economical. Tanker crossings surged 11.2% in the first four months of the fiscal year.
Tesla's China Sales Surge Amid Slumping Broader Auto Market
Tesla reported a 91% year-on-year increase in China-made vehicle sales for February, reaching 58,600 units, even as the broader Chinese auto market contracted. The company's shares closed at $399.24 on Tuesday.
Brent Crude Holds Above $81 Amid Hormuz Shipping Disruption
Brent crude futures edged higher, holding above $81 per barrel as sustained shipping disruptions in the Strait of Hormuz fueled supply concerns. Major financial institutions have revised their oil price forecasts upward in response to the ongoing tensions.
Fortescue Leads Iron Ore Slump as China Data, Shipping Risks Weigh
Fortescue Metals Group underperformed major miners, dropping 4.49% as iron ore prices softened. Market attention turns to China's manufacturing data and annual policy announcements, with shipping risks adding pressure.
AbbVie Gains on $8 Billion Bond Sale, Outperforms Slumping Market
AbbVie shares climbed 3.29% to $232.08 on Friday, defying a broader market decline. The pharmaceutical giant is set to raise approximately $7.95 billion through a seven-part bond sale settling March 4.
Alibaba's AI Shopping Stumble, Regulatory Scrutiny Weigh on Shares
Alibaba's U.S.-listed shares dipped in premarket trading following technical issues with its Qwen AI shopping promotion and regulatory summons for its Amap ride-hailing unit over pricing practices.