Wayfair exits German market and cuts hundreds of jobs
Wayfair has faced significant challenges in expanding its market presence and enhancing unit economics in Germany.
Hedge funds increased bearish bets ahead of Friday's blowout US jobs report, banks say
Global hedge funds added more bets against U.S. stocks over the last week through Jan 9, ahead of a blowout U.S. jobs report that sparked a sell-off on Wall Street, Morgan Stanley and Goldman Sachs said in notes on Friday. The U.S. Labor Department's closely watched employment report on Friday showed job growth accelerated to 256,000 jobs in December, the most since March, while the unemployment fell to 4.1%. Morgan Stanley said portfolio managers increased shorts - or bets stocks will fall - in sectors such as staples, software, financials and healthcare in the days ahead of the jobs report, while they sold long positions in communication services.
Q&A: Sean Blinkhorn on the future of asset finance and 2025 market trends
SAF Solutions's Commercial Manager explores industry resilience, technology investment, and emerging sector opportunities.
Why Papa Johns wants market density, not more territories
Papa Johns’ biggest growth opportunities lie in markets where it already has a presence, executives told investors in December.
Reeves Faces Growing Calls For Plan to Quell UK Market Jitters
(Bloomberg) -- Chancellor of the Exchequer Rachel Reeves returns to the UK from China on Monday with the Labour Party keen to brush off market turmoil around its fiscal difficulties and emphasize the government’s long-term ambitions.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNew York, San Francisco Ranked Worst for US Traffic in City CentersUK debt costs soared last week as gilts were pu
Bitcoin Outlook Stays Positive Despite Temporary Macroeconomic Setbacks, Says Grayscale
Bitcoin’s price experienced a dip below $93,000 on Jan. 10, following a strong U.S. jobs report that bolstered the U.S. dollar.
Binance Altcoin Trading Volume Hits 78%, Signaling Potential Bull Market in 2025
Altcoin trading volume on Binance has increased significantly, reaching 78% in January 2025, up 11% from the previous months.
French Gas and Power Utility Engie Seeks to Enter Saudi and Emirati Renewable Markets
(Bloomberg) -- French utility Engie SA is seeking to gain foothold in renewable energy markets in Saudi Arabia and the United Arab Emirates, which are holding big tenders for wind and solar farms to diversify their energy sources.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNew York, San Francisco Ranked Worst for US Traffic in City Centers“The Gulf region has a serious potential,” with “v
Mango Markets To Wind Down Operations After $110 Million Exploit and SEC Settlement
Mango Markets, a decentralized exchange on the Solana blockchain, has announced it will cease operations due to legal challenges, governance decisions, and regulatory issues.
Altcoin Market Could Heat Up This Week With $3B Token Unlock Schedule, ONDO Leads the Charge
On Jan. 18, Ondo Finance will free up 1.94 billion ONDO tokens, equating to over 130% of the token's circulating supply.