Briefed News
Latest economy coverage from Briefed, sourced and connected to the wider market context.
Economy
17 recent stories$47.50 a share, $5.66 billion in enterprise value, and a stock pop of roughly 51% for Braze shareholders the moment the deal was announced, suggesting Wall Street thinks Salesforce overpaid and Braze shareholders won't complain.
Mayor Zohran Mamdani's office says roughly 264,000 Dashers will get paid under the settlement, with $12.3 million covering direct missed or late payments and more than $83 million resolving a dispute over how DoorDash counted time couriers spent…
Reformation's confidential IPO filing, expected as soon as next week with a potential listing in July, is as much a Permira story as a brand story.
Charles Schwab is raising house maintenance requirements on portfolio margin accounts running paired long-short positions structured around tax-loss harvesting, warning clients that margin calls may arrive faster and with less notice than they…
Onitsuka Tiger delivered 34% net sales growth to 46.8 billion yen in ASICS's latest quarter, with trade sources citing an operating margin of around 38%, making it one of the highest-margin fashion footwear businesses in the world and structurally…
Sigma Healthcare withdrew from the sale process for UK retailer Boots after concluding the up to $10 billion acquisition would not meet its strategic or capital-investment objectives.
About 2,000 hospitality workers reached a tentative deal with food operator Legends Global days before the venue hosts the US men's opening World Cup match.
Americans on weight-loss drugs are triggering a surge in clothing returns, especially larger sizes, as millions drop roughly three clothing sizes while shedding weight.
The non-binding agreement would see China's third-largest carmaker assemble Omoda and Jaecoo branded vehicles at Nissan's UK plant starting in 2027.
The National Assembly is debating a draft law allowing private companies to participate in electricity generation and sales under state concessions for the first time in 15 years.
People Inc's proposal to buy the remaining 74% of MGM Resorts for $48.30 per share represents more than an acquisition, it's a complete strategic transformation for Barry Diller's empire.
Britain's brewery count is falling after growing from 500 in the early 2000s to over 3,000 by the late 2010s, with insolvencies hitting 45 in the year to March 2023 versus 15 the prior year.
British Airways is demanding up to £10 million from Heathrow after a Terminal 5 baggage system failure left 20,000 bags stranded over the weekend of 17-18 May.
Dua Lipa is demanding at least $15 million from Samsung after the electronics giant used her copyrighted image from Austin City Limits 2024 on television box packaging without permission across US retail stores.
Infrastructure investor I Squared Capital has trumped Pacific Equity Partners with a $1.45 per share offer for the Australian out-of-home advertising company, valuing it at A$766 million versus PEP's A$747 million bid.
Microsoft Office represents the lone success story in a strategy that fails far more than it succeeds. Fast following requires the same market insight as leading but without first-mover advantages like customer loyalty and switching costs.
Major PE firms used the Milken Institute conference to position AI as the solution to overvalued software investments made during the 2020-2022 remote-work boom, with Ares, Blackstone, and Blue Owl deploying proprietary scorecards to reassure…
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