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Paramount CEO Threatens California Exit Over Merger Fight

Paramount Skydance CEO David Ellison is threatening to relocate the company's operations out of California due to ongoing legal challenges over its proposed $110 billion merger with Warner Bros. Discovery, according to reports from multiple outlets. The move comes as California Attorney General Rob

Aug 12, 6:49 AM ET Est. Read: 2 Mins

6 articles from 3 publishers

BusinessTechnology

Nvidia Secures $500B Financing for AI Infrastructure

Nvidia has struck a landmark $500 billion financing deal with six major Wall Street firms—Goldman Sachs, Apollo Global Management, BlackRock, Blackstone, Brookfield Asset Management, and KKR—to fund AI infrastructure projects. The agreement marks a significant milestone in Nvidia's strategy to suppo

Aug 12, 4:55 AM ET Est. Read: 3 Mins

16 articles from 5 publishers

BusinessCorporate

Tencent Reports Revenue Growth but Profit Miss

Tencent Holdings reported an 11% rise in second-quarter revenue, driven by strong advertising sales and steady gaming income, but missed profit estimates according to Reuters . For the three months ended June, the Shenzhen-based company reported revenue of $204.8 billion yuan ($30.36 billion), align

Aug 12, 4:55 AM ET Est. Read: 1 Mins

4 articles from 3 publishers

More Business Summaries

Corporate

Berkshire Spends $10bn on Google as Abel Deploys Cash

Berkshire Hathaway's new CEO Greg Abel has begun aggressively deploying the company's massive cash reserves, marking a significant shift in strategy under his leadership. According to multiple reports, Berkshire invested $10 billion in Alphabet, Google's parent company, and repurchased approximately

Aug 10, 5:45 PM ET·2 min read

4 articles from 3 publishers

Economy

US Halts Avocado Inspections in Michoacan Over Security Concerns

The United States has temporarily halted avocado export inspections in Mexico's Michoacan state following a security alert, potentially delaying shipments from the country's top producing region to its largest market. According to multiple reports, the suspension began on Wednesday and disrupts the

Aug 7, 11:48 AM ET·2 min read

3 articles from 3 publishers

Trade

US Suspends Avocado Imports from Mexico Amid Security Concerns

The U.S. Department of Agriculture has suspended avocado imports from the Mexican state of Michoacán following a security alert issued by the U.S. Embassy in Mexico. The suspension affects 85% of avocados sold in the United States and is expected to disrupt an $3.65 billion annual trade with Mexico,

Aug 6, 12:43 PM ET·2 min read

5 articles from 4 publishers

Media

Fox Reports $4.21B Revenue Boost From World Cup

Fox Corp reported a significant boost in its fourth-quarter revenue, reaching $4.21 billion , marking a 28% increase compared to the same period last year. The surge was largely attributed to advertising income from broadcasting the FIFA World Cup, according to multiple reports. The company's adve

Aug 6, 12:43 PM ET·1 min read

4 articles from 4 publishers

Corporate

EasyJet Agrees to £5.7bn Apollo Takeover

EasyJet has formally agreed to a £5.7 billion ($7.7 billion) takeover by US private equity firm Apollo Global Management , according to reports from multiple sources including The Guardian , Reuters , and CNBC . The airline accepted the offer after rival bidder Castlelake withdrew its pursuit withou

Aug 6, 12:43 PM ET·2 min read

4 articles from 4 publishers

Markets

US Stocks Dip Amid Oil Prices, Earnings Reports

US stocks edged lower on Thursday as rising oil prices and mixed corporate earnings reports put pressure on Wall Street. The S&P 500 index fell 13.59 points, or 0.2%, to 7,709.96, pulling further away from its record set earlier in the week but still on track for weekly gains. The Dow Jones Industri

Aug 4, 5:13 PM ET·2 min read

11 articles from 6 publishers

Corporate

McDonald's Names Skye Anderson as New U.S. President After Sales Miss

McDonald's has named Skye Anderson, a company veteran of 26 years, as the new president of McDonald's USA. This leadership change follows the company's failure to meet second-quarter U.S. sales growth expectations. The move comes after CEO Chris Kempczinski attributed the missed targets to execution

Aug 4, 3:22 PM ET·2 min read

3 articles from 3 publishers

Corporate

Ellison Defends Politics Amid WBD Merger Backlash

Paramount CEO David Ellison defended his political views in response to backlash against his company's $110 billion merger with Warner Bros. Discovery (WBD), which would give him control of CNN. In a New York Times op-ed, Ellison argued that the opposition stems from concerns about his potential inf

Aug 4, 11:38 AM ET·2 min read

5 articles from 4 publishers

Economy

US Manufacturing PMI Hits Four-Year High in July

US manufacturing activity surged to its highest level in more than four years in July, driven by strong order growth and boosting employment despite supply chain strains from the Middle East conflict. The Institute for Supply Management (ISM) reported that its manufacturing PMI increased to 55.6 las

Aug 3, 2:48 PM ET·2 min read

5 articles from 3 publishers

Technology

SpaceX Reports Strong Revenue Growth in First Earnings as Public Company

SpaceX reported its first earnings as a public company on Tuesday, revealing strong revenue growth but persistent financial challenges amid heavy investments in artificial intelligence. The company's quarterly revenue nearly doubled to $7.8 billion , up from $4.1 billion a year earlier, while operat

Aug 3, 2:48 PM ET·2 min read

13 articles from 5 publishers

Corporate

AstraZeneca in Talks with Bristol Myers Squibb for $400B Deal

AstraZeneca is in discussions to merge with Bristol Myers Squibb in a deal potentially worth nearly $400 billion , according to reports from the Financial Times and other outlets. The talks, which have been ongoing for several months, could create one of the largest pharmaceutical companies globally

Aug 3, 6:09 AM ET·2 min read

5 articles from 3 publishers

Transportation

WestJet Flight Attendants Strike

Flight attendants at WestJet, Canada's second-largest airline, went on strike Sunday in a dispute over pay, leading to the cancellation of hundreds of flights during one of the country's busiest travel weekends. According to UPI and CBS News , some 4,400 cabin crew members participated in the strike

Aug 2, 4:27 PM ET·2 min read

3 articles from 3 publishers

Economy

ExxonMobil and Chevron Report Record Q2 Profits Amid Iran Conflict

ExxonMobil and Chevron reported record second-quarter profits on Friday, driven by surging oil prices amid the Iran conflict. Exxon's profits doubled to $14.53 billion , while Chevron's nearly quadrupled to $12.07 billion . Shell also recorded its second-highest quarterly profits at $9.8 billion. Ac

Jul 31, 1:39 PM ET·3 min read

16 articles from 7 publishers

Markets

Aschenbrenner's AI Hedge Fund Loses $30B in July

Leopold Aschenbrenner's hedge fund Situational Awareness saw its portfolio value plummet by $30 billion (67%) in July, according to a letter sent to investors and seen by Reuters. The losses were driven by steep declines in AI stocks, prompting the fund to sell most of its stock holdings to Ken Grif

Jul 31, 11:53 AM ET·2 min read

4 articles from 3 publishers

Economy

Lettuce Prices & Cyclospora Outbreak Hurt Restaurant Sales

Lettuce prices surged sharply in the first half of 2026 due to Arizona's unusually hot weather, where about one-third of America's lettuce is grown. This price increase came alongside a cyclospora outbreak linked to shredded iceberg lettuce that has sickened thousands across multiple states. Taco Be

Jul 30, 6:11 PM ET·2 min read

3 articles from 3 publishers

Markets

South Korean Shares Plummet Amid Global Chipmaker Selloff

South Korean shares plummeted on Tuesday, with the benchmark KOSPI index dropping over 7% amid a global selloff in chipmakers. The decline was driven by concerns over intensifying competition from China and steep drops in SK Hynix's U.S.-listed shares. The KOSPI fell 500.47 points, or 7.41%, to 6,25

Jul 28, 10:51 PM ET·2 min read

7 articles from 4 publishers

Corporate

CXMT Surges 466% in Shanghai Debut

ChangXin Memory Technologies (CXMT) made a historic debut on Shanghai's STAR Market, with its shares surging 466% on the first day of trading. The company, China's largest DRAM manufacturer, raised $8.6 billion in Asia's biggest initial public offering (IPO) this year, according to Reuters . The sha

Jul 28, 9:04 PM ET·2 min read

6 articles from 3 publishers

Corporate

Apple Tops $5 Trillion Valuation

Apple briefly surpassed the $5 trillion market capitalization mark on Tuesday, becoming only the second company in history to achieve this milestone after Nvidia. The tech giant's shares hit a high of $342.89 before closing slightly lower at $340.08 , just below the $5 trillion threshold. The comp

Jul 28, 7:14 PM ET·2 min read

4 articles from 3 publishers

Corporate

Boeing Reports $428M Q2 Loss Due to Air Force One Costs

Boeing reported a $428 million net loss for the second quarter of 2026, more than double what analysts expected. The loss was primarily driven by cost overruns on its Air Force One replacement program, which added an additional $280 million in expenses this quarter. The company agreed to build two p

Jul 28, 5:33 PM ET·1 min read

3 articles from 3 publishers

Legal

eBay Pays $55.7M to Couple in Stalking Case

eBay Inc. and three of its former top executives have agreed to pay a total of $55.7 million to settle a lawsuit filed by Ina and David Steiner, who were targeted in an extensive stalking and harassment campaign. The couple, founders of the trade publication ECommerceBytes , began receiving online t

Jul 28, 3:41 PM ET·2 min read

4 articles from 4 publishers

Corporate

Johnson & Johnson Settles Talc Lawsuits for $5.5 Billion

Johnson & Johnson (J&J) has proposed a $5.5 billion settlement to resolve tens of thousands of lawsuits alleging its talc-based baby powder caused ovarian cancer, according to multiple reports . The settlement covers approximately 76,000 claims and requires the participation of at least 95% of the c

Jul 28, 3:44 AM ET·2 min read

6 articles from 6 publishers

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Business

Paramount CEO Threatens California Exit Over Merger Fight

Nvidia Secures $500B Financing for AI Infrastructure