John Furner Tapped as Walmart CEO — Internal Successor Named

Doug McMillon to Retire — Walmart’s Longtime CEO Steps Down

Walmart's leadership is changing: Doug McMillon is stepping down and John Furner is named his successor. The pair of items covers the retirement and the internal succession plan at the world’s largest retailer.

Google Pledges $40B for Texas Data-Center Buildout

Alphabet will pour billions into U.S. infrastructure with a major data-center buildout in Texas. This single-item cluster highlights a large capital commitment tied to AI cloud demand and local renewables planning.

December Rate-Cut Odds Fade as Fed Split Widens

Fed’s Logan: Hard to Back a December Rate Cut

Rate-cut expectations for December are weakening as Fed officials show growing divergence. Market odds and Fed commentary together push investors to reprice monetary policy risk.

Iran’s IRGC Seizes Tanker in Strait of Hormuz

US Official: Iran Seized Tanker in Strait of Hormuz

Iran’s elite IRGC seized an oil tanker in the Strait of Hormuz, escalating maritime tensions. Two reports underline the incident and the wider regional security implications.

Judge Clears $7.4B Purdue Opioid Settlement

Judge Signals Approval for Purdue-Sackler Opioid Deal

A federal judge cleared a multi-billion-dollar settlement for Purdue Pharma, advancing compensation for opioid victims. Two pieces trace the approval signals and what the deal means for plaintiffs and the Sackler family.

Merck Agrees $9.2B Deal to Buy Cidara Therapeutics

Merck agreed to acquire Cidara Therapeutics in a sizable deal that bolsters its infectious-disease pipeline. The transaction is a major biotech M&A move with clear revenue and R&D implications.

Google Ordered to Pay €573M in German Antitrust Damages

Google Rejects EU Breakup Remedies, Vows to Appeal

German courts hit Google with large antitrust damages while the company resists structural remedies from Brussels. The two items capture legal pressure in Europe and Google's pushback strategy.

White House Memo Accuses Alibaba of Aiding PLA Operations

Alibaba Shares Fall After White House Allegation

A White House memo accused Alibaba of providing tech support to Chinese military operations, and the company’s shares slid. The two items chronicle the national-security claim and the market reaction.

AI Data-Center Boom Puts Pressure on Power Prices

Renewables Turn Home Batteries Into Grid Help for Data Centers

The AI-driven data-center build-out is putting pressure on local electricity markets while innovators try home-battery fixes. These reports link soaring compute demand to grid stress and novel energy strategies.

Stocks Slide as AI Fears and Rate Jitters Take Hold

Markets Tumble — Megacap Tech Leads Losses

Markets slid as investors reassessed AI valuations and the path for interest rates, with megacap tech leading declines. Two items capture the sell-off’s drivers and the sectors under stress.

Foreclosures Spike 20% Year-on-Year as Payments Missed

US Foreclosures Surge as Homeowners Struggle With Costs

Foreclosures are rising sharply as homeowners struggle with rising costs, signaling strain in the housing market. The pair of pieces examines the jump and its implications for borrowers and lenders.

BLS to Release Delayed September Jobs Report Nov. 20

Labor Dept Confirms September Jobs Data Coming Next Week

The Labor Department confirmed the delayed September jobs report will be released next week, ending uncertainty over the data schedule. Reports explain timing and why the delay matters for markets and policymakers.

AIG Parts Ways With Incoming President Ahead of Start Date

John Neal Will Not Join AIG as Incoming President

AIG announced it will not proceed with its incoming president, deepening executive churn at the insurer. Two items track the split and the named executive who will not join the company.