Marcus V. Thorne

Markets

Goldman wins $70 billion in retirement mandates from Verizon and Lockheed

The mandates add to Goldman Sachs’ outsourced investment business as large employers shift retirement portfolios to external manag...

By Marcus V. Thorne · 2 months ago

Markets

Ohio leads CNBC’s 2026 state business competitiveness ranking

CNBC ranked all 50 states across 138 metrics, with infrastructure carrying the most weight in the 2026 study.

By Marcus V. Thorne · 2 months ago

Markets

Oil climbs as renewed U.S.-Iran conflict puts Hormuz in focus

Brent and WTI rose about 1% after U.S. strikes on Iran renewed concerns over commercial shipping and oil flows through the Strait...

By Marcus V. Thorne · 2 months ago

Markets

Luxshare falls in Hong Kong debut after $3.09bn share sale

Apple supplier Luxshare Precision traded below its HK$63.28 offer price after raising HK$24.27bn in a Hong Kong listing.

By Marcus V. Thorne · 2 months ago

Markets

Iran tensions put US gasoline prices back under pressure

AAA puts regular gasoline near $3.80 a gallon, while GasBuddy says renewed Iran tensions could push the national average toward $4...

By Marcus V. Thorne · 2 months ago

Markets

Trump leaves NATO summit without new allied pledge on Iran

European leaders played down U.S. troop withdrawal warnings after Trump faulted NATO members for not backing Washington’s Iran cam...

By Marcus V. Thorne · 2 months ago

Markets

First Solar upgrade puts solar tariffs back in focus

Deutsche Bank upgraded First Solar after a share-price decline, as investors await a Commerce Department decision on solar trade m...

By Marcus V. Thorne · 2 months ago

Markets

Rutte’s Trump diplomacy draws scrutiny after tense NATO summit

NATO’s secretary general credited Trump for a $1.2tn defence spending push, even as allies faced new pressure from Washington.

By Marcus V. Thorne · 2 months ago

Markets

PepsiCo profit misses estimates as North America weighs on quarter

PepsiCo’s revenue beat expectations, but adjusted earnings fell short as inflation pressure hit U.S. snacks and drinks demand.

By Marcus V. Thorne · 2 months ago

Markets

Kospi enters bear market as AI concentration cuts both ways

South Korea’s benchmark dropped more than 5% Wednesday, taking it 20% below its June peak despite strong chip-sector earnings sign...

By Marcus V. Thorne · 2 months ago

Markets

Temasek keeps direct crypto investing off limits after FTX loss

Singapore’s state investor is focusing on blockchain infrastructure, AI adoption and Europe while avoiding direct crypto bets, Nag...

By Marcus V. Thorne · 2 months ago

Deals

Arrow Global agrees to buy Fusion Specialty Group

Arrow Global plans to acquire the MGA to expand Arrow Global Insurance’s specialty platform and add reinsurance-backed underwritin...

By Marcus V. Thorne · 2 months ago