A hedge fund bet against $4 billion fintech Remitly after it claimed a reverse image search of customer reviews revealed stock photos of women

Global remittance and money-transferring business Remitly saw its stock price fall more than 2% this week after short-seller Spruce Point Capital Management published a short report listing a litany of…

The stock market loves Trump—but demand for ‘crash protection’ just hit an all-time high

Investors may be protecting themselves in case the President-elect swings big on tariffs and is serious about mass deportations. Read More

Dillard’s is an 86-year-old department store chain—and its stock has beaten Tesla, Apple, and Microsoft over the past four years. Here’s how they did it

It’s almost unknown outside the South, but Dillard’s has thrived where Macy’s, Nordstrom, and Kohl’s have stumbled. Read More

Warren Buffett notes mortality, pledges $1 billion in Berkshire stock

Warren Buffett is distributing an additional $1 billion of his fortune to his family’s foundations and has designated three potential successor trustees.  The 94-year-old CEO and chairman of Berkshire Hathaway…

Stock market crash: Dow tumbles 1,000 points

The S&P 500 dropped 3% for its worst day in nearly two years. The Dow Jones Industrial Average reeled by 1,033 points, or 2.6%, while the Nasdaq composite slid 3.4%.…

Trump rally gunman used weapon with ‘collapsible stock’, says FBI director

The gunman who attempted to assassinate former President Donald Trump used a firearm with a “collapsible stock”, likely making it easier to conceal, FBI Director Christopher Wray has said. Mr…

Burberry is reportedly laying off hundreds of employees amid huge stock selloff

British fashion house Burberry Group Plc is expected to shed hundreds of jobs, mostly in the UK, following a sharp drop in its stock market value, the Telegraph reported. Employees…

Nvidia stock buybacks could come from $270 billion ‘cash gusher’

AI chip leader Nvidia will have an embarrassment of riches in the coming years, and shareholders will be rewarded, a tech analysts predicted. Ben Reitzes, a managing director and head…