Andrew Ross SorkinU.S. regulators are no longer defending the Basel III endgame capital framework they first advanced in 2023. They are rewriting it. That shift, now unmistakable
Andrew Ross SorkinProShares on Tuesday widened its commodity ETF range with the launch of three new leveraged products tied to platinum, palladium and copper, pushing further int
Andrew Ross SorkinThe International Monetary Fund’s April 2026 World Economic Outlook marks a clear inflection point in the macro debate. After entering the year with what the Fu
Andrew Ross SorkinTesla’s first-quarter earnings release landed exactly where the market’s anxiety has been building for months: at the intersection of still-growing revenue and
Andrew Ross SorkinSevere winter storms impacted Gap Inc.’s holiday performance, causing store closures and weaker-than-expected results. The company reported earnings of 45 cents per share, below projections, while revenues matched estimates. Individual brands showed mixed results, with Old Navy and Gap performing well, but Athleta continued to struggle. Future forecasts align with analyst expectations.
Andrew Ross SorkinDonor-advised funds are rapidly growing in American philanthropy but face scrutiny due to a lawsuit filed by Philip Peterson against WaterStone, managing his family’s $21 million fund. Peterson alleges limited control and communication issues regarding grant distributions. The case raises broader questions about donor control and transparency in these philanthropic vehicles.
Andrew Ross SorkinAmazon Web Services (AWS) reported damage to two data centers in the UAE and one in Bahrain due to drone strikes, disrupting services regionally. The attacks affected critical services like EC2 and S3, complicating restoration efforts. AWS advised customers to implement resilience planning amid ongoing Middle Eastern tensions that threaten infrastructure security.
Andrew Ross SorkinBlock, led by Jack Dorsey, will cut its workforce by 40% to adapt to AI advancements that alter operational structures. This strategic move, driven by a focus on productivity, sparked a 25% stock surge. While some analysts express concerns about long-term growth, Block’s restructuring marks a significant shift in workplace dynamics influenced by AI.
Andrew Ross SorkinJPMorgan Chase CEO Jamie Dimon stated that President Trump’s $5 billion lawsuit against the bank lacks legal merit but acknowledged Trump’s frustration over account closures. Dimon explained that banks face regulatory pressures prompting them to sever relationships deemed high-risk, especially after incidents like the January 6 Capitol attack, blending politics, regulation, and corporate risk management.
Andrew Ross SorkinInvestors are increasingly uneasy amid geopolitical tensions and market uncertainty, particularly in February, a challenging month for stocks historically. Rising energy costs and inflation pressures contribute to a stagnant S&P 500. Options-based exchange-traded funds have gained popularity among retail investors seeking income and risk management solutions, though they come with complexity and potential risks.
