The media heiress reached a preliminary agreement to sell her controlling stake in Paramount Global to Skydance Media – just weeks after she walked away from a deal between the two sides, according to multiple reports Tuesday.
The two tech firms were among the first to see the commercial potential of AI.
Stocks notched a new record in mid-May, with the Dow Jones Industrial Average topping 40,000 for the first time ever, but they have since fallen from those highs.
Google had a goal to rein in its carbon emissions to net-zero by the year 2030, but artificial intelligence is throwing a huge, energy-intensive wrench into that. Read more...
The commission said the acquisition could hike prices for consumers, take out competitors and cut jobs at rival mattress companies.
Scott Mills is teaming up with Chinh Chu, the head of CC Capital, in a bid for BET, according to Bloomberg News.
Walmart has been shopping around a possible sale of its already shuttered health centers with potential buyers, Fortune first reported, citing numerous individuals with knowledge of the situation. Read more...
Dips in apartment list prices and high rents are pushing Manhattanites to buy.
In an effort to quell fears about his troubling debate performance, President Joe Biden’s reelection campaign announced its June fundraising total early on Tuesday, saying it raised $127 million last month in tandem with the Democratic Party. Read more...
“I feel like I have been deceived,” Whitney Tilson said. “Biden and the people around him have been deceiving the American people.
"New York City's strict regulations on short-term rentals have significantly reduced the number of legal listings."
"[The scrap yard] made an environmental mess, and now they are responsible for cleaning it up,” state Attorney General Letitia James said in a statement.
It is the first time ever that Microsoft's co-founder Gates's fortune is dwarfed by that of one of his former underlings.
The energy efficiency of electric vehicles is widely touted by experts as a vital step to mitigate climate change. However, EVs aren’t well-equipped to endure the hellscape environment they are projected to avert. The consequences of cold-weather EV ownership on battery
The outage had forced some auto dealers to revert to manual paperwork as the car industry technology and software provider worked to restore systems used by more than 15,000 retail locations across the U.S. and Canada.
General Motors reported its best quarter since 2020 on Tuesday, saying it had record electric vehicle sales. Read more...
India's SEBI said the short-selling firm had used “selective disclosures, reckless statements, and catchy headlines” to “cause panic in Adani Group stocks”
EV fires, while severe , aren’t as common as some naysayers predicted when electric power first started gaining popularity . So when a pattern in EV fires starts to emerge — say, when Rivian vans keep catching fire at Amazon distribution centers — one starts to wonder why. Read
The electric car maker sold more cars than expected this spring, raising hopes of a revival.
Flight attendants for American Airlines are still inching their way towards a strike . The Association of Professional Flight Attendants, their union, announced Monday that they still don’t have a deal with the carrier despite a last-minute mediation session this weekend. Read
A commercial for Novo Nordisk’s popular weight loss drug Wegovy was the third most viewed television ad in the country during the month of June. Read more...
The Supreme Court on Tuesday declined to hear a case next term that had the potential to decimate the Occupational Safety and Health Administration (OSHA). Read more...
Software provider CDK Global has been slapped with at least eight lawsuits in federal court since a pair of cyberattacks took its dealer management service offline — and likely exposed the personal information of tens of thousands of people. Read more...
The convenience store business is experiencing a massive shift in priority right now, and it could soon mean better and more exciting international options for road trip snacks. The traditional model for American 7-Eleven stores has been focused around tobacco products and
Gillette is marketing a "Venus" razor that is used for "pubic hair and skin" and priced for more money than traditional razors.
Robinhood is looking to offer cryptocurrency futures to its customers in the U.S. and Europe, Bloomberg reports. Read more...
Fed policymakers need more evidence the rate of price increases will hit its 2% target before slashing interest rates, according to Jerome Powell.
Turbulence is getting worse , and the latest incident of severe “rough air” landed 36 people in the hospital and even bounced one passenger above the overhead luggage space. An Air Europa flight from Spain to Uruguay encountered extreme turbulence , and it left several folks
The company delivered a total of 443,956 cars – a figure that marked a 4.8% decline from the same period one year ago. However, deliveries were still better than the consensus estimate of 439,000, according to FactSet data.
The merger, which was completed Monday, puts the estimated value of the company at $8 billion and "brings together the strengths of both companies, combining Cedar Fair’s reputation for delivering exceptional guest experiences with Six Flags’ innovative ride and attraction
Earlier this year, the peace of a Florida neighborhood was shattered when a chunk of junk from the International Space Station crashed through a home . This was followed in May by a 90-pound piece of a SpaceX Dragon ship that crashed into a camping resort in North Carolina,
The company behind Donald Trump’s Truth Social just raked in a solid chunk of change. Read more...
It seems investors will have to wait longer as the Fed is not confident about cutting interest rates, even though inflation is cooling off. Read more...
