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Stocks Plunge as Oil Surges on Iran War Fears

U.S. stocks fell sharply on Thursday as oil prices spiked due to geopolitical tensions in the Middle East, raising concerns about inflation and global economic stability. The Dow Jones Industrial Average briefly dropped more than 1,100 points before finishing with a loss of 784 points (1.6%). The

Mar 6, 7:38 PM ET Est. Read: 3 Mins

26 articles from 12 publishers

BusinessCorporateMIXED REPORTS

Nvidia Sets $4 Million Target Cash Bonus for CEO Jensen Huang Under Fiscal 2027 Plan

Nvidia has adopted a new variable compensation plan for fiscal 2027 that sets a target cash bonus of $4 million for CEO Jensen Huang, according to a regulatory filing on Friday. The plan, approved by Nvidia's compensation committee on March 2, ties executive cash bonuses to the achievement of specif

Mar 6, 5:45 PM ET Est. Read: 2 Mins

4 articles from 3 publishers

BusinessMarketsMIXED REPORTS

Private Credit Concerns Rise Among Wall Street Leaders

Wall Street titans are increasingly expressing concern over the state of private credit, with some drawing parallels to the conditions that led up to the 2008 financial crisis. The disquiet is particularly uncomfortable for Larry Fink, CEO of BlackRock, as his firm has aggressively moved into privat

Mar 6, 3:28 PM ET Est. Read: 2 Mins

3 articles from 3 publishers

More Business Summaries

Media

Axel Springer to Acquire Telegraph Media Group for £575 Million

Axel Springer has agreed to acquire Telegraph Media Group (TMG) for £575 million ($766.3 million), ending years of uncertainty over the newspaper's ownership and scuttling a rival bid from Daily Mail and General Trust (DMGT). The German media group, which owns titles including Bild, Die Welt, Politi

Mar 6, 12:48 PM ET·2 min read

7 articles from 6 publishers

Markets

South Korea Stock Market Volatility Amid Iran Conflict

The South Korean stock market experienced significant volatility this week amid escalating tensions in the Iran conflict. According to multiple reports, the benchmark Korea Composite Stock Price Index (KOSPI) tumbled more than 12% on Wednesday, marking its steepest one-day decline since September 20

Mar 5, 10:05 PM ET·2 min read

8 articles from 3 publishers

EconomyMIXED REPORTS

South African Ports Prepare for Potential Surge in Shipping Traffic Amid Middle East Conflict

South African ports are preparing for a potential surge in shipping traffic as conflict in the Middle East escalates and threatens traditional trade routes. On Monday, Iran shut down the Strait of Hormuz, warning it would fire at any vessel passing through the strategic waterway. The Gulf route h

Mar 5, 10:05 PM ET·2 min read

3 articles from 3 publishers

Corporate

Paramount CEO Assures CNN's Editorial Independence Amid Acquisition Concerns

Paramount Skydance CEO David Ellison has assured that CNN’s editorial independence will be maintained following his company’s acquisition of Warner Bros. Discovery, which includes both CNN and CBS News. This pledge comes amid widespread concerns about the future direction of the news networks under

Mar 5, 10:04 PM ET·2 min read

7 articles from 6 publishers

Corporate

Berkshire Hathaway Resumes Share Buybacks as New CEO Abel Reinforces Buffett's Principles

Berkshire Hathaway has resumed share buybacks for the first time since May 2024, marking a significant development as new CEO Greg Abel reinforces Warren Buffett's long-standing principles. The company announced the resumption of repurchases on Wednesday, with Class A shares initially falling but la

Mar 5, 3:48 AM ET·2 min read

6 articles from 4 publishers

Corporate

Block Announces Layoffs of 4,000 Workers Citing AI Efficiency Gains

Block Inc. announced it will lay off 4,000 workers , nearly half its staff, citing advances in artificial intelligence that allow smaller teams to be more productive. The financial technology company, led by CEO Jack Dorsey, said in a letter to shareholders that AI has "changed what it means to buil

Mar 5, 3:48 AM ET·2 min read

6 articles from 6 publishers

Corporate

Elliott Investment Management Takes $1 Billion Stake in Pinterest, Betting on AI Growth

Elliott Investment Management has taken a $1 billion stake in Pinterest, marking a significant vote of confidence in the social media platform's AI-driven growth strategy. The activist investor first invested in Pinterest in 2022. Pinterest announced the financial boost on Tuesday, with CEO Bill

Mar 5, 3:48 AM ET·5 min read

3 articles from 3 publishers

Legal

High-Stakes Antitrust Trial Against Live Nation and Ticketmaster Begins

The high-stakes antitrust trial against Live Nation Entertainment and its subsidiary Ticketmaster began on Tuesday in a New York federal court. The Department of Justice (DOJ), along with attorneys general from 39 states and Washington D.C., alleges that the companies have engaged in anticompetitive

Mar 5, 3:47 AM ET·5 min read

7 articles from 7 publishers

Corporate

United Airlines Updates Policy to Require Headphones for Audio/Video Use

United Airlines has updated its contract of carriage to require all passengers to use headphones when listening to audio or video content on personal electronic devices during flights. The policy change was made on February 27th, according to reports from CBS News , Fox News Digital , and The New Yo

Mar 5, 3:47 AM ET·2 min read

4 articles from 4 publishers

Corporate

McDonald's CEO Faces Backlash Over Viral Big Arch Burger Bite

McDonald's CEO Chris Kempczinski has become the subject of widespread ridicule after posting a promotional video where he took an unusually small bite of the company's new Big Arch burger. The video, posted on Instagram last month but only recently gone viral, shows Kempczinski struggling to take a

Mar 5, 3:47 AM ET·2 min read

7 articles from 6 publishers

Corporate

BrewDog Sale Leaves Investors and Staff High and Dry

BrewDog, a Scottish craft beer company that once boasted a valuation of £2 billion, has been sold for just £33 million to US firm Tilray. The sale comes after BrewDog went into administration, resulting in the closure of 38 bars and the loss of 484 jobs. Over 200,000 small investors who poured money

Mar 5, 3:47 AM ET·2 min read

9 articles from 4 publishers

Economy

European Commission Proposes 'Buy EU' Plan to Boost Domestic Industries

The European Commission has proposed a 'Buy EU' plan aimed at bolstering domestic low-carbon industries and helping the continent compete against China. The commission published a draft regulation, called the Industrial Accelerator Act, on Wednesday, setting demands for EU-made and low-carbon conten

Mar 5, 3:47 AM ET·5 min read

3 articles from 3 publishers

Retail

Target Plans Major Investments to Reverse Sales Slump

Target plans to invest $2 billion in its business this year as part of a major turnaround strategy aimed at reversing a persistent sales slump. The company announced the investment during its annual investor meeting, where it also reported another quarter of declining comparable sales and profits.

Mar 5, 3:47 AM ET·5 min read

8 articles from 5 publishers

Legal

Musk Testifies in Trial Over Alleged Manipulation of Twitter Stock Price

Elon Musk testified in a San Francisco courtroom this week, defending himself against allegations that his social media posts manipulated Twitter's stock price during his $44 billion acquisition of the platform in 2022. The trial centers on claims from investors who sold their shares between May 13

Mar 5, 3:47 AM ET·2 min read

10 articles from 9 publishers

Corporate

Paramount-Warner Bros. Discovery Merger: Debt Concerns and Streaming Integration

Paramount Skydance has completed its acquisition of Warner Bros. Discovery in an $110 billion deal, raising significant concerns about the enormous debt the combined entity will carry and potential layoffs. The merger, which brings together major entertainment assets including CBS, HBO, CNN, and C

Mar 5, 3:47 AM ET·5 min read

16 articles from 10 publishers

Markets

UAE Stock Markets Set to Resume Trading After Two-Day Suspension

The United Arab Emirates' stock markets are scheduled to resume trading on Wednesday after a two-day suspension triggered by Iran's missile and drone strikes. The UAE Capital Markets Authority (CMA) announced that both the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) will

Mar 5, 3:47 AM ET·2 min read

4 articles from 4 publishers

Markets

Global Markets Rebound Amid Oil Price Stabilization and Strong U.S. Economic Data

The global stock market rebounded on Wednesday after two days of significant volatility, driven by stabilizing oil prices and encouraging economic updates from the United States. Major U.S. indices showed gains: The S&P 500 rose 0.8% , recovering most of its losses since the onset of the war with

Mar 5, 3:47 AM ET·5 min read

7 articles from 4 publishers

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Business

Stocks Plunge as Oil Surges on Iran War Fears

Nvidia Sets $4 Million Target Cash Bonus for CEO Jensen Huang Under Fiscal 2027 Plan

Private Credit Concerns Rise Among Wall Street Leaders

Axel Springer to Acquire Telegraph Media Group for £575 Million

South Korea Stock Market Volatility Amid Iran Conflict

South African Ports Prepare for Potential Surge in Shipping Traffic Amid Middle East Conflict

Paramount CEO Assures CNN's Editorial Independence Amid Acquisition Concerns

Berkshire Hathaway Resumes Share Buybacks as New CEO Abel Reinforces Buffett's Principles

Block Announces Layoffs of 4,000 Workers Citing AI Efficiency Gains

Elliott Investment Management Takes $1 Billion Stake in Pinterest, Betting on AI Growth

High-Stakes Antitrust Trial Against Live Nation and Ticketmaster Begins

United Airlines Updates Policy to Require Headphones for Audio/Video Use

McDonald's CEO Faces Backlash Over Viral Big Arch Burger Bite

BrewDog Sale Leaves Investors and Staff High and Dry

European Commission Proposes 'Buy EU' Plan to Boost Domestic Industries

Target Plans Major Investments to Reverse Sales Slump

Musk Testifies in Trial Over Alleged Manipulation of Twitter Stock Price

Paramount-Warner Bros. Discovery Merger: Debt Concerns and Streaming Integration

UAE Stock Markets Set to Resume Trading After Two-Day Suspension

Global Markets Rebound Amid Oil Price Stabilization and Strong U.S. Economic Data

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Stocks Plunge as Oil Surges on Iran War Fears

Nvidia Sets $4 Million Target Cash Bonus for CEO Jensen Huang Under Fiscal 2027 Plan

Private Credit Concerns Rise Among Wall Street Leaders

Axel Springer to Acquire Telegraph Media Group for £575 Million

South Korea Stock Market Volatility Amid Iran Conflict

South African Ports Prepare for Potential Surge in Shipping Traffic Amid Middle East Conflict

Paramount CEO Assures CNN's Editorial Independence Amid Acquisition Concerns

Berkshire Hathaway Resumes Share Buybacks as New CEO Abel Reinforces Buffett's Principles

Block Announces Layoffs of 4,000 Workers Citing AI Efficiency Gains

Elliott Investment Management Takes $1 Billion Stake in Pinterest, Betting on AI Growth

High-Stakes Antitrust Trial Against Live Nation and Ticketmaster Begins

United Airlines Updates Policy to Require Headphones for Audio/Video Use

McDonald's CEO Faces Backlash Over Viral Big Arch Burger Bite

BrewDog Sale Leaves Investors and Staff High and Dry

European Commission Proposes 'Buy EU' Plan to Boost Domestic Industries

Target Plans Major Investments to Reverse Sales Slump

Musk Testifies in Trial Over Alleged Manipulation of Twitter Stock Price

Paramount-Warner Bros. Discovery Merger: Debt Concerns and Streaming Integration

UAE Stock Markets Set to Resume Trading After Two-Day Suspension

Global Markets Rebound Amid Oil Price Stabilization and Strong U.S. Economic Data

Explore Topics

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