BILL Holdings Explores Sale Amid Activist Pressure and Market Struggles
BILL Holdings considers strategic options including potential sale as shares drop 45% this year. Business-payments firm works with adviser amid activist investor pressure.
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Gemini’s Stock Falls After IPO as Q3 Losses Mount Despite Revenue Growth
Gemini’s shares drop 16% after Q3 results show $159.5M loss. Despite record credit card growth and rising revenue, high marketing costs weigh on results.
Block Stock Plunges 10% After Missing Q3 Profit Expectations
Block's Q3 earnings miss sends shares tumbling 10% as Square growth slows and adjusted EPS falls short of Wall Street estimates despite Cash App gains.
Aquarian Capital to Take Brighthouse Financial Private in $4.1 Billion Deal
Abu Dhabi-backed Aquarian Capital will acquire Brighthouse Financial for $4.1 billion in cash, expanding Middle Eastern investment in U.S. financial services.
Schwab Acquires Forge Global for $660M to Democratize Private Markets
Charles Schwab is acquiring Forge Global for $660 million to make investing in private companies easier and more accessible. This deal aims to bring private market opportunities to more eligible investors.
Berkshire Hathaway Posts 34% Profit Jump, Cash Hits Record $381.7 Billion
Berkshire Hathaway's Q3 operating profits surge 34% to $13.5B driven by insurance gains. Cash reserves reach record $381.7B as Buffett continues selling stocks and halts buybacks.