Latest in Private Sector Economy
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Citibank Joins Private Sector Retreat From Diversity Initiatives
In a politically charged business climate, the global banking giant joins peers in ending many diversity, equity, and inclusion efforts, from hiring to corporate governance.Inc. - 16h -
The Lunar Economy Is Coming
The launch of the Blue Ghost module, scheduled to land on the moon early next month, is a key step in creating an Earth–moon supply chain.Wired - 23h -
When Germany Votes, It Will Be About the Economy
The country’s competitiveness has stagnated and its once-powerful industries are suffering. Just ask these executives.The New York Times - 23h -
Is the Future of the Creator Economy Direct-to-Consumer?
Confusion surrounding the TikTok ban last month has pushed creators to seek more stable ways to earn.Inc. - 14h -
In Private Remarks on Russia, Rubio Tries to Reassure Europeans
European officials were not sure what to make of the secretary of state’s measured assessment of Washington’s apparent pivot toward Moscow.The New York Times - 4h -
Musk's private security detail deputized by U.S. Marshals Service, sources say
The U.S. Marshals Service routinely deputizes police. However, the move to deputize private security officers, who are not sworn law enforcement officials, is considered unorthodoxCBS News - 1d -
Alibaba shares soar nearly 15% after stellar earnings as China's e-commerce sector recovers
Alibaba has been making 'significant strides' in advancing its AI cloud business after launching its Qwen 2.5-Max flagship AI foundation model, Barclays wrote in a note.CNBC - 1d -
This stock sector can still soar during the late stages of the bull market — and there are easy ways to play it
Also: Nvidia earnings on deck, potential stock splits and big gains, a look at gold, and the Moneyist pulls no punches.MarketWatch - 16h -
It’s Trump’s economy now — and businesses are anxious about tariffs and Washington upheaval
A burst of optimism among companies after Donald Trump won the U.S. presidential election has faded as business leaders grapple with potentially negative policies of the new White House.MarketWatch - 17h -
Consumer sentiment sours as worries grow over outlook for U.S. economy
Confidence dropped 10% from January to the lowest level since late 2023.MarketWatch - 17h -
Treasury yields slip as data raise questions about strength of U.S. economy
U.S. Treasury yields slipped on Friday, with short-dated notes tallying their biggest one-day drop since January after a fresh batch of data raised questions about the strength of the U.S. economy.MarketWatch - 11h -
Once high-flying Bluebird Bio sells itself to private equity after tough times for the gene therapy maker
Bluebird Bio will sell itself to private equity firms Carlyle and SK Capital for about $30 million, the company said Friday.CNBC - 14h -
Anne Wojcicki has a new offer to take 23andMe private, this time for $74.7 million
23andMe CEO Anne Wojcicki and New Mountain Capital have submitted a proposal to take the company private.CNBC - 10h -
Couple takes in Senegalese high school basketball player left homeless by private school closure
Ama Sow, a young boy from Senegal, West Africa, had dreams of playing basketball in America. A private high school in Pittsburgh sponsored him, but then went out of business, leaving Sow homeless. ...CBS News - 7h -
Moscow loathed the U.S. for years as its economy paid a high price for war — now, it’s doing a U-turn
Moscow has denigrated the United States' leadership, economy and culture — but now things are changing amid a "revival" of Russia-U.S. relations.CNBC - 1d -
Germany’s election will usher in new leadership — but might not turn tides for the country's struggling economy
Friedrich Merz has criticized Olaf Scholz on the economy, but experts question if a government led by the Christian Democratic Union would fare much better.CNBC - 1d -
Steve Cohen says tariffs and DOGE's cuts are negative for economy, market correction could be soon
The CEO of hedge fund Point72 turned bearish for the first time in a while due to punitive tariffs, immigration crackdown and federal spending cuts.CNBC - 12h