It looks like a deal between Paramount and Skydance is back on
Skydance Media has reportedly reached a preliminary agreement to buy National Amusements, after merger talks broke down last month . Read more...
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Tesla stock keeps rallying after it sold more cars than expected
Tesla’s stock continued to rally after the electric vehicle-maker reported better-than-expected deliveries for the second quarter of 2024. Read more...
'Floodgates open' for legal action against water firms
Owners of adjacent waterways or even members of the public could now bring action over sewage pollution.
Greece starts six-day working week for some industries
The country says the policy will help boost economic growth.
The 10 most turbulent plane routes in the world
Turbulence can be a scary thing on an airplane. A flight from London to Singapore recently saw one passenger die and dozens of others get injured. Zooming out, the turbulence tracking site Turbli went over its weather-based data and parsed the quakiest routes the world over for
The 10 biggest new AI tools of 2024 — so far
While 2023 was a year of first introductions, testing, and many, many blunders for AI chatbots and other tools, 2024 has seen the release of AI tools of growing sophistication and wider adoption. Big tech companies like Google and Microsoft are upping their game. Startups like
July 4th food staples are more expensive. Here's how much prices have increased
Even America’s coveted “ Big Day ” can’t escape the jab of pesky inflation . Read more...
Fast food meal deals are everywhere this summer. Here's how the cheapest options stack up.
Summer is here – and so are the cheap food deals . Read more...
Boeing's 737 Max mess is also a mess for these 10 companies — and they're not airlines
Boeing is reeling after a door plug fell off one of its 737 Max 9 planes mid-flight this January. Investigators from the Federal Aviation Administration and the National Transportation Safety Board are breathing down its neck. The Justice Department is weighing criminal charges
10 major restaurant chains that have closed locations in 2024
Big restaurant chains aren’t fairing too well in the inflation economy . Read more...
Bob’s Stores closing all locations after 70 years in latest US retail casualty
Bob's Stores will liquidate its inventory at its 21 locations throughout Connecticut, Massachusetts, New Hampshire, New Jersey, New York and Rhode Island after filing for Chapter 11 bankruptcy.
Shari Redstone reaches preliminary deal to sell controlling stake in Paramount to Skydance Media for $1.75B
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.
How Microsoft and Nvidia bet correctly to leapfrog Apple
The two tech firms were among the first to see the commercial potential of AI.
US headed for a deep recession in near future as stocks could fall 30%, analyst warns
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.
AI energy demand is ruining Google's environmental goals
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...
FTC unanimously votes to block $4B Tempur Sealy, Mattress Firm merger
The commission said the acquisition could hike prices for consumers, take out competitors and cut jobs at rival mattress companies.
Paramount mulls $1.7B offer to sell BET to its CEO and NYC private equity firm: report
Scott Mills is teaming up with Chinh Chu, the head of CC Capital, in a bid for BET, according to Bloomberg News.
Walmart might sell its defunct health center business
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...
Manhattan is now a ‘buyer’s market’ as home prices fall with more than 8,000 apartments still available
Dips in apartment list prices and high rents are pushing Manhattanites to buy.
Biden releases fundraising numbers early after debate performance sparks fears
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...
Longtime Dem donor rips Biden for ‘deceiving’ voters, demands he quit 2024 race ‘immediately’
“I feel like I have been deceived,” Whitney Tilson said. “Biden and the people around him have been deceiving the American people.
NYC steeply drops off top 10 list of home sharing destinations for July 4 as hotel rates soar: report
"New York City's strict regulations on short-term rentals have significantly reduced the number of legal listings."
Gotti family business ordered to clean up toxic chemicals, pay $210K fine over NYC scrap yard mess
"[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.
Ex-Microsoft CEO Steve Ballmer is now richer than founder Bill Gates
It is the first time ever that Microsoft's co-founder Gates's fortune is dwarfed by that of one of his former underlings.
Driving range for EVs shrinks in extreme heat as much as in extreme cold
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
Car dealership losses from CDK software outage could soon reach $1 billion, study finds
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.
GM's electric car sales hit a new record
General Motors reported its best quarter since 2020 on Tuesday, saying it had record electric vehicle sales. Read more...
Short seller Hindenburg banked just $4M from $150B market rout after accusing India giant of fraud
India's SEBI said the short-selling firm had used “selective disclosures, reckless statements, and catchy headlines” to “cause panic in Adani Group stocks”
Amazon's electric delivery vans keep catching on fire
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
