Activist Elliott has unfinished business at Phillips 66. How its plan to build value may unfold
Read more at CNBC
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Phillips 66 stock is climbing. An activist investor wants a change.
Refiner Phillips 66 is the latest target of activist investor Elliott Management that is aggressively pursuing companies in the energy space.MarketWatch - Feb. 11 -
Activist hedge fund Elliott builds stake in struggling BP
US investor could force UK oil company to refocus on core fossil fuels business or even pursue a full break-upFinancial Times - Feb. 8 -
BP is cheaper than its rivals. Now an activist investor has swooped in.
BP shares surged in early trade on Monday after the activist investor Elliot was reported to have taken a significant stake in the integrated oil giant.MarketWatch - Feb. 10 -
BP shares pop 7% after reports activist hedge fund Elliott has taken a stake in the struggling British oil major
BP shares jumped early Monday following weekend reports that activist investor Elliott Management has built a stake in the struggling oil major.CNBC - Feb. 10 -
Southwest bends further to activist shareholder Elliott’s demands
Southwest is in the midst of a transformation that led it to announce Tuesday the first-ever involuntary layoffs.MarketWatch - 3h -
The GSA Plans to Sell Hundreds of Its Federal Government Buildings
The General Services Administration, staffed at its upper levels by Elon Musk associates, plans to sell 500-plus buildings—some of which house government agencies and the offices of US senators.Wired - 6d -
How Did DeepSeek Build Its A.I. With Less Money?
The Chinese start-up used several technological tricks, including a method called “mixture of experts,” to significantly reduce the cost of building the technology.The New York Times - Feb. 12 -
How Uncertain Tariff and Economic Plans Could Hurt Businesses
The lack of clarity about tariffs and other policies could hurt hiring and investing. But the strong U.S. economy should provide a buffer.The New York Times - 4d -
CVS shares are up 45% this year — here's why it may be starting to turn its business around
Some analysts are more optimistic about CVS' ability to navigate higher-than-expected medical costs in its insurance unit moving forward.CNBC - 5d
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Fed officials are worried about tariffs' impact on inflation and see rate cuts on hold, minutes show
The Federal Reserve on Wednesday released minutes from its January meeting.CNBC - 11m -
Apple unveils cheaper iPhone 16e powerful enough to run AI
The new iPhone is called iPhone 16e, and it will retail for $599 when it goes on sale later this month.CNBC - 2h -
UnitedHealthcare is offering buyouts to employees in benefits unit, could pursue layoffs, sources say
If UnitedHealthcare does not meet a resignation quota through buyouts, it will lay off employees, two people familiar with the matter said.CNBC - 2h -
Government travel has 'fallen off' since Trump inauguration, United Airlines says
Government travel makes up about 2% of United's business, Mike Leskinen said.CNBC - 54m -
Forever 21 is in talks with liquidators, indicating it's struggling to find a buyer
Forever 21 once dominated the fast fashion industry, but as Shein and Temu continue to take market share, it has failed to adapt to the new landscape.CNBC - 51m
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Fed officials worried about inflation sparked by Trump’s tariffs and economic plans
The central bank is having a tough time gauging the impact of Trump’s plans on the economy.MarketWatch - 10m -
Fed officials are worried about tariffs' impact on inflation and see rate cuts on hold, minutes show
The Federal Reserve on Wednesday released minutes from its January meeting.CNBC - 11m -
Trump administration moves to halt New York congestion scheme
Metropolitan Transportation Authority files lawsuit against federal government’s ‘mystifying’ decisionFinancial Times - 17m -
The lesson in Meta's 20-day win streak — plus, why Apple's lower-cost iPhone matters
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.CNBC - 20m -
With Truth Social, Trump Has Official Mouthpiece and a Channel for Revenue
The president’s company, Trump Media & Technology Group, represents a clear mingling of his official duties and his business interests.The New York Times - 24m