Swiss sneaker maker On Holding shakes up leadership amid slowing growth
[ad_1] On Holding has named co-founders David Allemann and Caspar Coppetti as co-CEOs, replacing Martin Hoffmann after a five-year tenure as CEO, as the Swiss sneaker maker looks to scale globally. The leadership shakeup comes as On is preparing to enter its “next growth phase,” the company said in a statement Wednesday. On shares were […]
Private credit’s ‘zero-loss fantasy’ is coming to an end as defaults and fund exits rise
[ad_1] Deteriorating asset quality, collateral markdowns and a growing rush for the exits are rattling private credit markets and prompting comparisons to the Global Financial Crisis. But a spike in loan defaults, while painful, could help shake out pockets of stress from the $3 trillion sector and provide what one industry pro calls a “healthy […]
Recession odds climb on Wall Street as economy shows cracks beneath the surface
[ad_1] Vanessa Nunes | Istock | Getty Images Federal Reserve Chair Jerome Powell last week pushed back when asked whether stagflation posed a threat to the U.S. economy. His successor may face a tougher challenge, as Wall Street forecasters raise their expectations of recession, brought on in part by the Iran war and potential for […]
It’s not just oil and gas. The Strait of Hormuz blockage is rattling another vital commodity
[ad_1] Workers unload urea fertilizer from a cargo ship in Yantai Port, Shandong Province, China on March 13, 2026. Cfoto | Future Publishing | Getty Images Farmers in the northern hemisphere are heading into the crucial spring months, during which major fieldwork must begin. Their peers in the south, meanwhile, are busy harvesting crops before […]
How the Iran war is changing the way countries think about renewables
[ad_1] Workers check vehicle frames on the production line for electric vehicle maker Zeekr at its factory on May 29, 2025 in Ningbo, China. Kevin Frayer | Getty Images News | Getty Images The fallout from the Iran war is likely to expedite the shift away from fossil fuels and make countries think differently about […]
Meta must pay $375 million for violating New Mexico law in child exploitation case, jury rules
[ad_1] A New Mexico state court jury on Tuesday held Meta liable for nearly $400 million in civil damages after a trial where the state attorney general accused the Facebook and Instagram operator of failing to safeguard kids who use its apps from child predators. The civil trial, which began with opening arguments in Santa […]
Emily Gregory projected to win Florida special election to represent Trump, Mar-a-Lago
[ad_1] President Donald Trump arrives at Palm Beach International Airport on October 31, 2025 in West Palm Beach, Florida. Trump is spending the weekend at his Mar-A-Lago estate in Palm Beach, Florida. Samuel Corum | Getty Images Democratic candidate Emily Gregory is projected to win a special election on Tuesday evening for a Florida state […]
Pentagon ban of Anthropic faces judge; Claude AI maker seeks injunction
[ad_1] Dario Amodei, co-founder and chief executive officer of Anthropic, at the AI Impact Summit in New Delhi, India, on Thursday, Feb. 19, 2026. Prakash Singh | Bloomberg | Getty Images U.S. District Judge Rita Lin said Tuesday that the decision by the Pentagon to blacklist Anthropic’s Claude artificial intelligence models “looks like an attempt […]
United ditches more economy seats to make room for bigger premium cabins with new layouts
[ad_1] United Airlines aircraft at Denver International Airport, Aug. 4, 2023. Antonio Perez | Chicago Tribune | Tribune News Service | Getty Images LOS ANGELES — United Airlines‘ formula for higher profits: fewer but better seats. The country’s second-most profitable carrier after Delta Air Lines on Tuesday unveiled new cabin designs, including on some of […]
Abivax in no rush for a deal, confident key June trial data can secure better terms for partnerships, CEO tells CNBC
[ad_1] Abivax is planning to raise money after releasing key trial data in June, its CEO told CNBC on Tuesday, signaling to potential buyers of the firm that it is in no rush to sell. Intense takeover rumors have surrounded the French biotech company for months, impacting the volatile stock that rose nearly 1,700% in […]