Business

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Wall Street Faces AI Profit Uncertainty Amid Earnings Season

Wall Street is grappling with deepening uncertainty over artificial intelligence's ability to deliver sky-high profits, even as investors on both sides of the debate are doubling down on their convictions. According to TimesLIVE and Reuters, a record 82% of respondents in Bank of America’s latest fu

Jul 14, 10:32 AM ET Est. Read: 3 Mins

4 articles from 3 publishers

BusinessCorporate

California Leads Lawsuit to Block Paramount-Warner Deal

California Attorney General Rob Bonta led a lawsuit on Monday to block Paramount’s $110 billion acquisition of Warner Bros. Discovery, alleging that the merger would violate antitrust laws and significantly reduce competition in film distribution and cable television markets. The lawsuit argues that

Jul 13, 12:29 PM ET Est. Read: 3 Mins

14 articles from 10 publishers

BusinessCorporate

Apollo Outbids Castlelake with £5.7B EasyJet Offer

Apollo Global Management has launched a £5.7 billion ($7.65 billion) offer for budget airline easyJet, outbidding rival private equity firm Castlelake's £4.9 billion bid and potentially sparking a full-blown takeover battle. The offer of about £9.6 per share prompted easyJet's board to withdraw its

Jul 10, 4:10 AM ET Est. Read: 2 Mins

7 articles from 6 publishers

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Legal

Judge Approves Musk's $1.5M SEC Settlement Despite Concerns

A federal judge approved a $1.5 million settlement between Elon Musk and the Securities and Exchange Commission (SEC) over allegations of delayed disclosure of his Twitter stock holdings, despite expressing significant concerns about the deal. U.S. District Judge Sparkle Sooknanan, a Biden appointee

Jul 9, 4:38 PM ET·2 min read

3 articles from 3 publishers

Economy

U.S. Home Prices Hit Record High

The median price of existing homes in the U.S. reached an all-time high of $440,660 in June, marking a 1.8% increase from $432,700 a year ago , according to data from the National Association of Realtors (NAR). Home prices have been rising for 36 straight months. The latest data underscores the af

Jul 9, 2:49 PM ET·2 min read

7 articles from 6 publishers

Corporate

VW Board Rejects Blume's Plan to Cut Jobs

Volkswagen Group’s supervisory board voted down CEO Oliver Blume’s proposed restructuring plan on July 8th by a vote of 12-7. The plan aimed to streamline the company by closing four German plants—Hanover, Emden, Zwickau, and Audi’s Neckarsulm site—and cutting up to 100,000 jobs by 2030. This propos

Jul 9, 2:51 AM ET·4 min read

11 articles from 4 publishers

Markets

SpaceX Joins Nasdaq-100 as Stock Falls Below IPO Price

SpaceX has officially joined the Nasdaq-100 index , less than a month after its initial public offering (IPO) in June. The company, led by Elon Musk, became one of the fastest inclusions ever into the tech-heavy index following revised rules that waived the typical three-month waiting period. The in

Jul 8, 5:07 PM ET·2 min read

7 articles from 3 publishers

Technology

Apple Expands Broadcom Deal to $30B

Apple has announced a significant expansion of its partnership with Broadcom, committing over $30 billion to the production of wireless connectivity chips in the United States. This deal is part of Apple's effort to source more components domestically and will support the production of more than 15

Jul 8, 2:38 PM ET·1 min read

4 articles from 3 publishers

Corporate

George E. Johnson Sr., Hair Care Pioneer, Dies at 99

George E. Johnson Sr., a pioneering entrepreneur who built one of the first Black-owned hair care empires in America, has died at age 99 according to multiple reports. The founder of Johnson Products Company passed away Monday at his home in downtown Chicago. The company began in 1954 with just a $2

Jul 7, 4:29 PM ET·2 min read

4 articles from 4 publishers

Economy

SK Hynix Raises $26.5B in Record U.S. Listing

SK Hynix completed a record-breaking U.S. listing on Friday, raising $26.5 billion at an initial public offering price of $149 per American Depositary Share (ADS). The South Korean chipmaker's Nasdaq debut was more than seven times oversubscribed, reflecting strong investor interest in the company's

Jul 7, 6:59 AM ET·3 min read

56 articles from 5 publishers

Corporate

Toyota to Build $3.6B Texas Plant, Shift Tacoma Production

Toyota Motor Corp announced Monday it will build a new $3.6 billion car plant in Texas and shift most production of its mid-size Tacoma pickup trucks from Mexico to the United States, according to multiple reports. The 2.5-million-square-foot building will be located on Toyota's San Antonio manufact

Jul 7, 3:22 AM ET·2 min read

4 articles from 4 publishers

Corporate

Comcast's Sky to Acquire ITV for $2.1 Billion

Comcast-owned Sky has agreed to acquire the broadcast channels and streaming service of Britain's ITV for £1.6 billion ($2.13 billion), creating a British champion with the scale to compete with global players like Netflix, Amazon, and Disney. The deal, announced on Monday, will face scrutiny from r

Jul 6, 9:00 AM ET·3 min read

9 articles from 5 publishers

Corporate

EasyJet Agrees £5.5bn Takeover by Castlelake

EasyJet has agreed in principle to a £5.5 billion ($7.34 billion) takeover proposal from U.S. investment firm Castlelake, according to multiple reports. The agreement, announced on Sunday, values easyJet at £6.90 per share and marks the culmination of lengthy negotiations between the two parties. Th

Jul 6, 3:51 AM ET·2 min read

7 articles from 4 publishers

Energy

OPEC+ Raises Oil Output Targets Amid Supply Recovery

OPEC+ members have agreed to raise oil production targets by 188,000 barrels per day starting from August, according to multiple reports. The decision comes as exports through the Strait of Hormuz recover following the U.S.-Iran war, potentially adding to global supplies. The increase was announced

Jul 6, 12:36 AM ET·3 min read

11 articles from 4 publishers

Markets

Investors Eye Fed Signals Amid Tech Volatility

Investors will be closely watching for clues about potential interest-rate hikes and early signs of a pivotal earnings season next week. The S&P 500 rose by 14.9% in the second quarter, its best performance since 2020, but tech shares—particularly semiconductors—experienced steep declines at the end

Jul 4, 8:24 AM ET·2 min read

12 articles from 3 publishers

Legal

Alibaba to Pay $600M for Illegal Pharmaceutical Sales

Alibaba Group Holding Limited and its U.S.-based processor, AUS Merchant Services, will pay $600 million for allowing merchants to sell illegal pharmaceuticals on their platforms. The settlement resolves allegations that the companies violated federal laws by failing to prevent over 80,000 product s

Jul 2, 4:38 PM ET·2 min read

3 articles from 3 publishers

Corporate

Tesla Delivers Record Q2 Vehicles Amid Europe Recovery

Tesla reported record second-quarter deliveries that surpassed Wall Street expectations, with 480,126 vehicles delivered between April and June. This represents a 25% increase year-over-year , according to multiple reports. The strong performance was driven primarily by recovering demand in Europe,

Jul 2, 12:50 PM ET·2 min read

8 articles from 5 publishers

Antitrust

EU Court Upholds €4.1B Fine Against Google for Android Abuse

Europe's highest court has upheld a €4.1 billion fine imposed on Alphabet Inc.'s Google , confirming an earlier EU antitrust ruling that found the company abused its dominance with Android. The Court of Justice of the European Union dismissed Google's appeal against the 2018 penalty, which was initi

Jul 2, 5:25 AM ET·2 min read

6 articles from 5 publishers

Corporate

Defense Startups Innovate with Auto, Fracking Parts

Defense tech startups are repurposing automotive chips and fracking pipes in an effort to deliver weapons to the Pentagon faster and at lower cost. According to Reuters, these startups are copying production methods from drugmakers as well, aiming to meet soaring demand for rocket motors used in mis

Jul 1, 6:58 PM ET·2 min read

3 articles from 3 publishers

Corporate

Kroger to Acquire Giant Eagle for $1.65B

Kroger has reached a $1.65 billion agreement to acquire regional grocery chain Giant Eagle, according to multiple reports. The deal includes 197 supermarkets and 11 standalone pharmacies across Ohio, Pennsylvania, West Virginia, Maryland, and Indiana. The acquisition was unanimously approved by Krog

Jul 1, 1:09 PM ET·2 min read

6 articles from 5 publishers

Automotive

Ford Recalls Over 741K Vehicles Due to Park System Defect

Ford Motor Company is recalling 741,195 vehicles in the U.S. due to a defect in the park system that could allow them to roll away unexpectedly, according to federal regulators and multiple reports. The recall affects several models equipped with park-by-wire functionality and 10R80 transmissions: L

Jun 30, 10:33 PM ET·2 min read

3 articles from 3 publishers

Economy

DOJ Settles with Egg Producers Over Price Manipulation

The U.S. Department of Justice (DOJ) and a coalition of 17 states have reached a settlement with three major egg producers—Cal-Maine Foods, Versova Holdings, and Hickman's Egg Ranch—to resolve allegations that the companies colluded to manipulate egg prices between June 2022 and March 2025. The agre

Jun 30, 2:54 PM ET·2 min read

5 articles from 4 publishers

Trade

EU Cuts Steel Imports to Protect Industry

The European Union has announced significant changes to its steel import policies, halving the amount of duty-free steel it will accept from abroad starting July 2026. The new measures aim to protect domestic industries amid concerns over global overcapacity and include doubling tariffs to 50% for a

Jun 30, 7:25 AM ET·4 min read

14 articles from 4 publishers

Corporate

Rocket Lab Acquires Iridium for $8 Billion

Rocket Lab has announced an $8 billion acquisition of satellite communications company Iridium, marking a significant move into the satellite-based mobile phone market according to multiple reports. The Long Beach rocket-and-satellite maker is acquiring Iridium, which provides critical communication

Jun 29, 7:32 PM ET·2 min read

7 articles from 3 publishers

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Business

Wall Street Faces AI Profit Uncertainty Amid Earnings Season

California Leads Lawsuit to Block Paramount-Warner Deal