Starbucks announced it will eliminate about 7% of corporate jobs as CEO Brian Niccol focuses on the company's turnaround plan.

BP will this week abandon plans to radically increase green energy generation and instead ramp up oil production, according to reports.

Bybit’s $1.4 billion hack, the largest in crypto history, might have unexpected implications for Ethereum. As the exchange moves to recover, could this be a bullish catalyst for ETH?

Nvidia's position remains dominant, says one veteran investor.

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Hedge funds exited U.S. tech and media stocks in the two weeks to February 21 at the fastest pace in six months, according to Goldman Sachs, just as Nvidia, one of the biggest tech firms by market capitalisation, readies to report earnings. Nvidia's profit report this week is seen as a bellwether of the burgeoning artificial intelligence (AI) industry. Speculators "aggressively" dumped both long and short positions in AI-related equipment, media, and communications equipment companies, according to a note sent to Goldman Sachs clients on Friday.

Education company Lincoln Educational (NASDAQ:LINC) announced better-than-expected revenue in Q4 CY2024, with sales up 16.4% year on year to $119.4 million. The company’s full-year revenue guidance of $485 million at the midpoint came in 3.4% above analysts’ estimates. Its GAAP profit of $0.22 per share was 5.7% below analysts’ consensus estimates.

Two U.S. Treasury market utilities are set to roll out new rules by the end of this year that will determine the amount of leverage hedge funds and other investors can deploy in trades, a step that could counterbalance rising transaction costs stemming from upcoming clearing requirements. The Depository Trust and Clearing Corporation (DTCC), a market infrastructure company, and futures exchange operator CME Group last year launched an enhanced cross-margining arrangement for clearing members that trade and clear both U.S. Treasury securities and CME Group interest rate futures. It would become available as Treasury market participants prepare for new rules introduced by the Securities and Exchange Commission in 2023 aimed at reducing systemic risk in the $28.5 trillion Treasuries market by forcing more trades through clearing houses.