Paramount-Warner Bros. Discovery merger cleared by judge; Ynon Kreiz named co-CEO
A federal judge approved the settlement clearing the deal, and David Ellison tapped Mattel's departing CEO to share leadership of the combined company as the me
Fortune · +15 outlets
Nike posts falling sales, beats EPS by $0.04, warns of layoffs and further revenue decline
The sportswear maker is cutting jobs and opening an India campus under a turnaround plan as sales sag in China and its sneaker business.
CNBC · +5 outlets
Accenture stock rallies on earnings beat, best day ever, as consultancy deflects AI fears
Fiscal fourth-quarter results beat estimates and the company said revenue could accelerate, easing worries that AI would erode demand for its services.
CNBC · +5 outlets
Micron beats earnings with strong guidance as data center revenue jumps 11-fold
The memory chipmaker's AI-driven results beat estimates, though the stock reaction was muted as analysts revised price targets.
CNBC · +8 outlets
Treasury yields swing from highest since 2002 as bond market sells off, then rallies
The 10-year yield touched its highest level since 2002 before buyers stepped in, capping one of the worst quarters for Treasuries since 1994.
CNBC · +13 outlets
US deploys roughly 9,000 troops and a third carrier to Middle East as Trump weighs Iran strikes
The buildup follows Trump's warnings of strikes on Iran, a risk a family member said could cost Republicans the midterms.
Ft · +8 outlets
Six major AI companies sign voluntary safety accord at White House, Apple absent
The companies committed to frontier safety responsibilities at a White House lunch that included every major tech firm except Apple.
CNBC · +14 outlets
Top Fed official signals central bank will hold rates in October
Vice-chair for monetary policy Philip Jefferson echoed dovish remarks from New York Fed head John Williams, even as markets price rate-hike bets.
Ft · +12 outlets
Brent oil jumps more than 4% as US sends third carrier strike group to Middle East
Oil prices rose sharply on reports of the naval deployment, with crude topping $100 in some market readings.
CNBC · +14 outlets
SEC opens private markets to retail investors, raising access to pre-IPO tech
The approval lets retail investors into private credit and equity markets long limited to institutions, a shift with both upside and risk.
CNBC · +14 outlets
Trump could target three Fed governors, but removal may be harder than it looks
Court rulings and lengthy litigation could limit any attempt to remove Jerome Powell, Lisa Cook and Michael Barr from the Federal Reserve.
CNBC · +14 outlets
Mattel shares rise on reported takeover interest from Authentic Brands Group
The Wall Street Journal reported Authentic Brands expressed interest in buying the toymaker, sending shares higher.
CNBC · +14 outlets
California's Newsom bans AI 'robo bosses' from firing workers
The landmark state law, reversing an earlier veto, makes California the first US state to bar automated firing decisions.
CNBC · +14 outlets
SEC charges Meyer Global Management and CEO with defrauding investors in SpaceX pre-IPO fund
Regulators allege investor cash meant for pre-IPO OpenAI and SpaceX shares was spent on personal luxuries including strip clubs and shopping.
Pensions & Investments · +13 outlets
Disney plans hundreds of job cuts in restructuring under new CEO Josh D'Amaro
A report details a new round of cuts, while a Disney executive said Hollywood layoffs will keep coming amid tech-driven disruption.
New York Post · +14 outlets
South Korea's President Lee pushes back on Alaska LNG project after Trump touts Seoul participation
The US announced up to $200 billion in South Korean investment, but Seoul has yet to finalize its role in the Alaska LNG project.
CNBC · +14 outlets
NBCUniversal cuts a few hundred global streaming tech jobs across US and Europe
The layoffs hit streaming technology staffers at Sky in the UK and Peacock in the US.
Business Insider
US mortgage rates jump the most in four years, hitting housing market
Homebuilders and prospective buyers face worsening conditions ahead of the midterms as borrowing costs surge.
Ft