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Ricky Sandler shuttering Eminence Capital after 27-year run

His fund has posted disappointing returns and the high costs of retaining talent and building out necessary infrastructure made continuing the firm too difficult, Sandler wrote.

By Hema Parmar, Zeke Faux and BloombergApril 24, 2026

The EU is spending an extra $28 billion on energy imports, and answering with demand destruction, tax cuts, and a rapid clean energy shift

It’s Europe’s second major energy crisis in just four years. The continent’s reliance on fuel imports is the common thread.

By Tristan BoveApril 24, 2026

Your shareholder letter sounds like ChatGPT wrote it. This is the four-word phrase giving CEOs away

From Coca-Cola to McKinsey, CEOs are leaning on an AI-coded phrase that appeared in 208 corporate documents last year.

By Molly Liebergall and Morning BrewApril 24, 2026

DeepSeek unveils its newest model at rock-bottom prices and with ‘full support’ from Huawei chips

The narrow gap between DeepSeek and leading U.S. models, as well as its low prices, raises questions about OpenAI’s and Anthropic’s competitive moat.

By Nicholas GordonApril 24, 2026

More in Politics

Only one person has been granted Trump’s $1 million ‘gold card’ despite promises it would rake in $1 trillion

Though only one person has been approved, “there are hundreds in the queue that they are going through,” said Commerce Secretary Howard Lutnick at a congressional committee hearing Thursday.

By Jesse Bedayn and The Associated PressApril 24, 2026

Trump just sanctioned a major Chinese oil refinery over Iranian oil—weeks before he meets Xi Jinping

The move makes good on Trump’s threat to impose secondary sanctions on companies and countries that do business with Iran.

By The Associated Press and Fatima HusseinApril 24, 2026

‘This is a ‘come to Jesus moment’: Ford CEO says American carmakers are battling a perfect storm

If Ford “doesn’t put its chips on the right number,” it may not survive, said Farley.

By Marco Quiroz-GutierrezApril 24, 2026

The U.S. military may have already used up half of its most expensive missiles, and it could take up to 4 years to rebuild its stockpiles

“The diminished munitions stockpiles have created a near-term risk,” analysts warned in a recent report. “The levels today will constrain U.S. operations should a future conflict arise.”

By Sasha RogelbergApril 24, 2026