Italy's Monte dei Paschi Makes $40 Billion Move to Buy Rival Banks

The all-share bids for Banco BPM and Banca Generali comes as Monte dei Paschi fights off a takeover offer from Intesa Sanpaolo.

SpaceX Is Racking Up Wins in Washington

The Elon Musk-led rocket and AI company is landing lucrative contracts and benefiting from the Trump administration's deregulatory push.

Layoffs at JPMorgan Hit Highest Level Since 2015