Paramount Global will likely not extend its 30-day exclusivity talks with Skydance Media to strike a deal as Sony Pictures Entertainment and private equity firm Apollo Global Management await a response to their $26 billion bid to buy the entertainment giant, according to a
The IRS said in a news release Thursday that it's aiming to nearly triple its audit rate.
The Paramount merger saga is only heating up, as the entertainment giant continues to entertain multiple offers. Read more...
Debra OConnell, president of Disney's News Group and Networks, is reportedly dissatisfied with what she perceives as Kim Godwin's leadership style.
Palantir CEO Alex Karp eviscerated anti-Israel protesters who have caused chaos on college campuses, saying they should be shipped off to North Korea as part of an “exchange program” to give them perspective. The software boss took aim at Columbia students who had shut down the
BF Borgers agreed to pay a $12 million civil penalty, and Benjamin Borgers agreed to pay $2 million, to settle the SEC's charges.
Disneyland will slash ticket prices to just $50 a day this summer — but there’s a catch. The bargain price at the Anaheim, Calif., theme park requires visitors to purchase three-day, one-park tickets that are only valid for admission Mondays through Thursdays. The price of the
The comedian-turned media mogul is undergoing a $100 million cost-cutting initiative, sources said.
With grocery prices rising, when will customers get some relief?
Microsoft is banning the use of its artificial intelligence service for facial recognition “by or for” police departments in the United States. Read more...
Baltimore’s Francis Scott Key bridge collapsed in March after it was struck by an enormous container ship that lost power while exiting the city’s port. The collision left the stricken Dali container ship stuck under the remnants of the bridge and made entry and exit of the
Spotify quietly decided to make users pay for its formerly-free lyrics feature. Reddit users flagged the change this week, and Spotify implicitly confirmed the change to TechCrunch without giving a direct statement. Read more...
From Miami’s “Billionaire Bunker” to San Francisco’s Bay Area, and just about everywhere in between, billionaires can be found across the country — except in a few select states. Read more...
Trump Media & Technology Group ’s audit firm, BF Borgers , was permanently barred Friday from serving as accountants by the Securities and Exchange Commission over charges of “massive fraud.” Read more...
Amgen stock picked up 13% during Friday morning trading , a day after its CEO Robert Bradway teased encouraging trial results of its experimental weight loss drug MariTide. Read more...
Used-car sales are elevating more than just Carvana’s profits . The company’s father-son stakeholders added billions to their coffers, thanks to Carvana’s rebound after its record low in December 2022. Read more...
Employers in the US added 175,000 jobs in the US in April, while the unemployment rate ticked up to 3.9%.
The Dow Jones Industrial Average and other major stock indexes opened sharply higher on Friday morning as the U.S. saw weaker-than-expected jobs growth in April. That raised investors’ hopes of an economic cooling that might make the Federal Reserve comfortable enough about
Microsoft shared its responsible artificial intelligence practices from the past year in an inaugural report, including releasing 30 responsible AI tools that have over 100 features to support AI developed by its customers. Read more...
Crypto exchange Coinbase and Jack Dorsey’s Block reported blockbuster earnings reports on Thursday, sending Bitcoin’s price back above $61,000 on Friday morning. Read more...
Apple stock jumped 7% Friday morning following the company’s better-than-feared second-quarter earnings report the day before. Read more...
A growing number of U.S. families are citing the cost of living and rising prices as their biggest financial headache — a problem that’s only continuing to grow as inflation sticks around for longer. Read more...
Celebrities are just like us — except famous. But unlike many of us, they’re sometimes able to parlay their large platforms into successful business ventures. The actor Ryan Reynolds, for instance, was able to use some of the money he got from being a big box office draw to
Former senior Post Office solicitor Jarnail Singh denies knowing about Horizon bugs in 2010.
US employers increased their payrolls by 175,000 in April — a notable slowdown from the average 276,000 new jobs per month created so far this year. Last month’s pace of hiring marked a change of tune from a recent trend in the labor market, where resilience has bolstered the
Shares of Apple climbed in premarket trading after the iPhone maker announced a record-setting buyback program on the heels of second-quarter earnings topped Wall Street’s estimates. Apple announced Thursday that its board authorized $110 billion in share repurchases, a 22%
Unions say company disregards the impact of its changes on workers, families and communities.
U.S. auto safety regulators said Friday that a probe into Tesla’s 2021 recall of Model X and S vehicles over faulty rear-view cameras has been closed. Read more...
Sutton and East Surrey Water has about 845,000 customers across the South East and London.
Novo Nordisk responded this week to the Federal Trade Commission’s (FTC) suggestion that it filed ‘junk’ patents to prevent competition and raise prices. Moderna stock surged on Thursday after its first-quarter earnings report blew past Wall Street’s expectations . And Johnson
Wendy’s said it’s being careful about pricing , likely in an effort to avoid the public relations fiasco of February. McDonald’s is seeing a slowdown in sales, which it is chalking up to consumers in the U.S. being more “ discriminating with every dollar .” And Walmart plans to
