Friday, July 19, 2024
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Alphabet in Talks to Acquire Wiz for $23 BillionAlphabet, Google's parent company, is in advanced talks to acquire cloud cybersecurity firm Wiz for $23 billion. The deal is likely to face regulatory challenges with the U.S. DOJ.
Monday, July 08, 2024
Paramount and Skydance Finalize $8 Billion Merger DealParamount Global has agreed to merge with Skydance Media in a landmark $8 billion deal. The merger, which includes significant cash contributions to reduce debt and a strategic buyout of Paramount's class B shares.
Thursday, July 04, 2024
Swiss Regulator Puts UBS Under Scrutiny Post-Credit Suisse TakeoverFollowing the takeover of Credit Suisse, UBS has been placed under observation by the Swiss Competition Commission to ensure fair competition and prevent market dominance abuses. This scrutiny comes amid additional regulatory challenges, including fines imposed on Credit Suisse by South Korea for illegal short selling practices.
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The stock market opened with gains on Monday, while investors keenly await key economic data releases later this week, including the advance reading of the second quarter’s GDP and June’s Personal Consumption Expenditures (PCE) deflator, the Federal Reserve’s preferred inflation gauge.
Finance
Boeing is set to plead guilty to a fraud charge related to the fatal 737 MAX crashes, agreeing to pay an additional $244 million fine and invest $455 million in safety improvements over the next three years.
Finance
The US labor market maintained its growth trajectory in June 2024, adding 206,000 nonfarm payroll jobs, according to the latest report from the Bureau of Labor Statistics. Despite the steady job gains, the unemployment rate remained unchanged at 4.1%.
Finance
Friday, July 19, 2024
Major Tech Outage Disrupts Airlines, Banking, and Other Key IndustriesA widespread tech outage traced back to a major cloud service provider has wreaked havoc across multiple sectors, causing significant disruptions in airlines, banking, and other critical industries.
Friday, July 05, 2024
United Airlines Enhances Transparency for Flight Delays and CancellationsUnited Airlines introduces new measures to improve transparency and communication regarding flight delays and cancellations.
Thursday, July 04, 2024
British Pound Gains on Dollar Amid National Election and Weak U.S. Economic DataThe British pound has strengthened against the U.S. dollar during the British national election, driven by optimism over a projected Labour Party victory and weakening economic data from the United States.
Thursday, July 04, 2024
US News
Judge Ada Brown of the U.S. District Court for the Northern District of Texas has issued a preliminary injunction partially blocking the Federal Trade Commission's (FTC) ban on non-compete agreements.
Finance
Monday, July 01, 2024
Finance
Super Micro Computer Inc. (SMCI) has experienced a remarkable 193% surge in its stock price in 2024, driven by its pivotal role in the AI infrastructure layer and its key supplier relationship with Nvidia.
Finance
Monday, July 01, 2024
Business
Chicken Soup for the Soul Entertainment, the parent company of Redbox, has filed for Chapter 11 bankruptcy protection, revealing debts to more than 500 creditors, including major retailers Walmart and Walgreens.
Finance
Monday, July 01, 2024
BusinessThe U.S. Department of Justice is pushing Boeing to accept a guilty plea, threatening criminal charges and proposing a reduced fine, as the aerospace giant navigates the complexities of a recent $4 billion acquisition of Spirit AeroSystems.
Finance
Sunday, June 30, 2024
Politics
The Supreme Courts ruling on the Chevron deference doctrine leaves the stability of regulatory frameworks and the role of scientific expertise in policymaking hanging in the balance.
Finance
Sunday, June 30, 2024
Business
Meta is introducing a new feature that allows Instagram influencers to create AI-driven chatbot versions of themselves.
Finance
Thursday, June 27, 2024
Business
Walgreens has revealed plans to close up to 25% of stores nationwide. This move comes as the company anticipates weaker consumer spending for the remainder of 2024 and continues its transformation into a comprehensive healthcare provider.
Finance
Wednesday, June 26, 2024
Business
Rivian has received a $5 billion investment from Volkswagen, a strategic move that has sent Rivian shares rising in aftermarket trading.
Finance
Tuesday, June 25, 2024
Business
The European Union has launched a new investigation into Apple, targeting the company's recent business models and contractual terms, which are alleged to discourage app developers and breach EU technology rules. Apple could face fines of up to 10% of its annual global turnover, with a final decision expected by March next year.
Finance
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