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392 summaries

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Epic Games Cuts Over 1,000 Jobs Amid Fortnite Slowdown

Epic Games , the publisher behind popular video game Fortnite , announced on Tuesday that it is laying off more than 1,000 employees. This represents about a quarter of its workforce. The Cary, North Carolina-based company cited industry-wide challenges such as slower growth and weaker spending in

Mar 25, 12:31 AM ET Est. Read: 2 Mins

4 articles from 4 publishers

BusinessTrade

Australia-EU Trade Deal Cuts Tariffs

Australia and the European Union have signed a landmark free trade agreement that will eliminate most tariffs on agricultural products, according to multiple reports. The deal, worth about A$10bn ($7bn; £5.2bn), was inked on Tuesday with both Australia's prime minister and the head of the European C

Mar 24, 12:22 AM ET Est. Read: 2 Mins

3 articles from 3 publishers

BusinessEconomy

Fink Warns AI Boom May Widen Wealth Gap

BlackRock CEO Larry Fink has warned that the rapid rise of artificial intelligence could exacerbate wealth inequality, benefiting only a handful of companies and investors. In his annual letter to investors, Fink highlighted potential hazards around AI's exponential growth, which he described as 'ce

Mar 23, 1:14 PM ET Est. Read: 3 Mins

4 articles from 4 publishers

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Corporate

OnlyFans Owner Leonid Radvinsky Dies at 43

Leonid Radvinsky, the Ukrainian-American billionaire who owned OnlyFans, has died at age 43 after a long battle with cancer. The company announced his death Monday. Radvinsky transformed what began as an adult-content site into a major platform with 4.6 million content creators and billions in reven

Mar 23, 11:28 AM ET·2 min read

5 articles from 5 publishers

Media

CBS News Shuts Down Century-Old Radio Service

CBS News will shut down its storied radio news service after nearly a century on the air, marking the end of an era. The decision comes amid challenging economic times and shifting media consumption patterns towards digital sources and podcasts. The CBS News Radio service will cease operations on Ma

Mar 20, 4:59 PM ET·2 min read

5 articles from 5 publishers

Media

CBS News Cuts 6% of Workforce, Shutters Radio Service

CBS News announced a new round of layoffs on Friday, affecting roughly 6% of its workforce as part of a strategic restructuring under Editor-in-Chief Bari Weiss and President Tom Cibrowski. The cuts impact approximately more than 60 staffers in the newsroom. The decision comes alongside the closure

Mar 20, 1:06 PM ET·2 min read

4 articles from 4 publishers

Automotive

Uber to Invest $1.25B in Rivian for 50K Robotaxis

Uber Technologies has announced a significant partnership with electric vehicle maker Rivian Automotive , planning to invest up to $1.25 billion to deploy up to 50,000 autonomous robotaxis globally by 2031. The agreement includes the purchase of 10,000 fully autonomous Rivian R2 electric vehicles, w

Mar 20, 12:07 PM ET·2 min read

3 articles from 3 publishers

Corporate

Unilever in Talks to Merge Food Business with McCormick

Unilever, the Anglo-Dutch consumer goods giant behind brands like Marmite, Dove, and Hellmann’s mayonnaise, is in advanced talks to merge its food business with McCormick & Company, the US-based spice and seasoning maker. The potential deal would combine Unilever's food unit, which includes Knorr an

Mar 20, 6:23 AM ET·2 min read

7 articles from 3 publishers

Corporate

FCC Approves Nexstar-Tegna Merger Despite Lawsuits

The Federal Communications Commission (FCC) approved a $6.2 billion merger between Nexstar Media Group and Tegna on Thursday, despite lawsuits filed by eight Democratic-led states seeking to block the deal. The merger creates a company that owns 265 television stations in 40 states and Washington D.

Mar 20, 2:50 AM ET·3 min read

6 articles from 6 publishers

Economy

Australia Investigates Fuel Suppliers Amid Price Surge

Australia's competition watchdog has launched an investigation into major fuel suppliers, including Ampol, BP, Mobil Oil Australia, and Viva Energy, over allegations of anti-competitive conduct. The Australian Competition and Consumer Commission (ACCC) received reports regarding diesel availability

Mar 19, 7:11 PM ET·2 min read

5 articles from 3 publishers

Economy

Airlines Face Rising Fuel Costs Amid Strong Demand

Major U.S. airlines are navigating significant increases in jet fuel prices triggered by the Middle East conflict but report strong ticket sales that are helping to offset these higher costs, according to multiple reports . Executives from Delta Air Lines, American Airlines, and United Airlines told

Mar 18, 5:57 PM ET·2 min read

3 articles from 3 publishers

Corporate

Disney Names Josh D'Amaro as CEO to Succeed Bob Iger

The Walt Disney Co. announced that Josh D'Amaro, the current chairman of Disney Experiences overseeing theme parks, will succeed Bob Iger as CEO on March 18, 2026. According to CBS News , D'Amaro will lead a company with more than $90 billion in annual revenue and approximately 185,000 employees wor

Mar 18, 11:52 AM ET·2 min read

3 articles from 3 publishers

Corporate

Tesla, LG Energy to Build $4.3B Battery Plant in Michigan

Tesla and LG Energy Solution have announced a $4.3 billion partnership to build a battery cell manufacturing plant in Lansing, Michigan, according to multiple reports. The facility will produce prismatic battery cells for Tesla's Megapack 3 energy storage systems, with production expected to begin i

Mar 17, 7:07 PM ET·2 min read

4 articles from 3 publishers

EnergyMIXED REPORTS

Eskom Approves 8.76% Tariff Hike for April

Eskom will implement an average electricity tariff increase of 8.76% for direct customers starting April 1, 2026, following approval from the National Energy Regulator of South Africa (NERSA). Municipalities are expected to apply their own increases averaging 9.01% beginning July 1. The tariff adjus

Mar 17, 10:04 AM ET·1 min read

3 articles from 3 publishers

Retail

Amazon Expands One-Hour Delivery to U.S. Cities

Amazon has launched one-hour and three-hour delivery options across more than 2,000 U.S. cities, marking its latest move to compete with instant delivery services like Instacart, DoorDash, and Uber Eats. The e-commerce giant is offering these expedited shipping choices for over 90,000 items, includi

Mar 17, 10:04 AM ET·2 min read

5 articles from 5 publishers

Economy

FTSE 100 Rises as Oil Prices Retreat

The FTSE 100 rose by 0.6% on Monday as falling oil prices lifted market sentiment amid ongoing conflict in the Middle East, according to Reuters. The blue-chip index finished higher after starting the session steadily. Sentiment improved as oil prices turned negative for the day, easing around 1% fo

Mar 17, 5:21 AM ET·2 min read

12 articles from 3 publishers

Markets

Wall Street Tightens Lending as Private Credit Strains Grow

Wall Street banks are tightening lending to private-credit funds as market jitters spread, with concerns over valuations and transparency prompting firms to curb risk. According to Reuters , major U.S. banks have almost $300 billion in loans outstanding to private-credit providers and a further $285

Mar 17, 5:21 AM ET·2 min read

3 articles from 3 publishers

Technology

Alibaba Restructures AI Business Amid China's Agent Craze

Alibaba Group is restructuring its artificial intelligence operations as it seeks to capitalize on a growing craze for digital assistants in China. The company announced Monday it will separate its AI businesses from its cloud computing arm and form a new Alibaba Token Hub (ATH) business group led b

Mar 17, 5:21 AM ET·2 min read

4 articles from 4 publishers

Energy

Iraq Resumes Kirkuk Oil Exports via Turkey

Iraq has resumed crude exports from its Kirkuk fields to Turkey’s Ceyhan port via pipeline, based on an agreement between Baghdad and the Kurdistan Regional Government (KRG). The North Oil Company confirmed that initial export capacity will be 250,000 barrels per day . Both sides agreed to form a jo

Mar 17, 5:21 AM ET·1 min read

6 articles from 3 publishers

Economy

Tax Scams Surge During Filing Season

Tax scams have surged this season, with robocalls, phishing emails, and text messages from fraudsters increasing compared to previous years. The Federal Trade Commission's consumer protection bureau attributes this rise to the likely use of artificial intelligence in enhancing fraud attempts. The IR

Mar 16, 4:11 PM ET·1 min read

3 articles from 3 publishers

Labor

Meatpacking Workers Strike JBS Plant in Colorado

About 3,800 workers at a JBS-owned plant in Greeley, Colorado went on strike Monday morning. This marks the first walkout at a U.S. beef slaughterhouse since the 1980s. The United Food and Commercial Workers Local 7 union represents these workers who are demanding higher wages, life-saving safety eq

Mar 16, 1:58 PM ET·2 min read

6 articles from 6 publishers

Corporate

Meta Plans Major Layoffs Amid AI Spending Surge

Meta Platforms is considering laying off up to 20% of its workforce, according to reports from Reuters. The social media giant aims to offset heavy spending on artificial intelligence infrastructure and prepare for greater efficiency brought about by AI-assisted workers. The potential layoffs could

Mar 16, 8:05 AM ET·1 min read

6 articles from 4 publishers

Economy

UK Steelworks Costs Reach £1.3M Daily

The UK government has spent £377 million in nine months to keep British Steel's Scunthorpe site operating, according to a report from the National Audit Office (NAO). The ongoing operations are costing the Department of Business and Trade ( DBT ) about £1.3 million per day, with no set budget, repay

Mar 16, 4:05 AM ET·1 min read

3 articles from 3 publishers

Corporate

UniCredit Moves to Boost Commerzbank Stake

UniCredit, Italy’s second-largest lender, has launched an unsolicited bid to increase its stake in Commerzbank above 30%, according to multiple reports. This move aims to unlock an 18-month stalemate and push the German rival to accept merger talks. The surprise offer implies a value for Commerzbank

Mar 16, 4:05 AM ET·3 min read

6 articles from 3 publishers

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