GameStop’s $56B eBay Bid Stuns Markets as CEO Signals Hostile Takeover
GameStop proposed on Sunday to buy eBay Inc for about $56 billion in a cash-and-stock deal, with CEO Ryan Cohen saying he was prepared to take the bid directly to shareholders should eBay’s board be unreceptive. GameStop – once a…
Markets Turn Cautious: US Futures Mixed Amid Rising Middle East Risks
U.S. stock index futures were mixed on Monday, pointing to a cautious start to the week as investors assessed the growing U.S.-Iran standoff over the Strait of Hormuz, the crucial oil shipping route that remains shut. While strong corporate earnings…
$3.7 Billion Fight: New Mexico Targets Meta Over Youth Harm, Demands Platform Overhaul
A trial is slated to begin in New Mexico on Monday that will test the state’s claims that Meta’s Facebook, Instagram and WhatsApp platforms harmed young users’ mental health and its bid for a court order forcing the company to…
Chicken Boom Lifts Tyson Foods Profit Past Estimates Despite Beef Losses
Tyson Foods reported better-than-expected quarterly earnings on Monday, as rising chicken sales helped counter a sharp drop in demand for high-priced beef. Protein-hungry consumers have shifted toward buying more affordable types of meat, such as chicken and pork, as beef…
AI Surge May Trigger Storage Chip Shortage
SAN JOSE, California – The same booming AI demand that has caused the chairman of South Korea’s SK Group to predict shortages of high-bandwidth memory chips could also cause tight supplies for storage drives, an executive from the South Korean…
Wall Street Futures Fall as Oil Fuels Inflation Fears
U.S. stock index futures slipped on Tuesday as the Middle East conflict pinned oil prices near $100 a barrel, fueling inflation concerns that will be a major point of discussion when the Federal Reserve kicks off its two-day meeting later…
Amazon Takes on Walmart With 1-Hour Shipping
NEW YORK – Amazon is ramping up its speedy delivery service by offering 1-hour and 3-hour shipping in markets across the U.S., including Los Angeles and Chicago, in its latest efforts to stave off e-commerce competition from its biggest rival…
US Trade Fight Targets Chinese Manufacturing in Mexico
WASHINGTON – The U.S. must renegotiate the North American trade deal to ensure that China cannot inflict a new “shock” to U.S. manufacturers via Chinese-owned factories in Mexico, Democratic Senator Ruben Gallego urged the Trump administration on Thursday. Gallego, who…
Trouble Ahead? Tesla Delivery Slump May Continue
SAN FRANCISCO – Tesla investors and analysts are cutting estimates for its electric vehicle deliveries, and some are now expecting a third straight year of decline, pressuring profit as CEO Elon Musk refocuses on the expensive goals of launching robotaxis…
Fast Food Deal: McDonald’s Launching $3 Meals in April
McDonald’s will introduce menu items priced at $3 or less, along with $4 breakfast meal deals in the U.S., starting in April, the Wall Street Journal reported on Wednesday, as the burger chain looks to attract diners worn down by…
US Deficit Hits $308B in February as Tariffs Hold Steady
WASHINGTON – The U.S. budget deficit for February was nearly flat with a year earlier at $308 billion as growth in receipts and outlays were largely even, with receipts from President Donald Trump’s tariffs not yet reflecting the U.S. Supreme…
$1.5B Bid Could Take Papa John’s International Private
Papa John’s International is reviewing a fresh bid from Irth Capital Management to take the U.S. pizza chain private, valuing it at about $1.5 billion, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Shares of…
Putin says energy crisis has arrived but Russia is ready to work with Europe
MOSCOW- Russian President Vladimir Putin said on Monday that the U.S.-Israeli war on Iran had triggered a global energy crisis and cautioned that oil production dependent on transport through the Strait of Hormuz could soon come to a halt. Putin…
Nexperia China Moves Into Self-Produced Chip Manufacturing
BEIJING – Chipmaker Nexperia’s Chinese subsidiary said on Monday it has begun producing its own chips, a further step towards independence from its Dutch parent as a dispute that has disrupted automakers’ supply lines continues. In a statement on its…
Markets Bet on Rate Hikes as Iran War Sends Oil Toward $120
FRANKFURT – Central banks across Europe came under market pressure on Monday to lift interest rates as the war in Iran drove up energy costs and revived the spectre of another inflation wave. Money markets ramped up bets on rate…
Retail Traders Snap Up Stocks After Energy Shock Triggers Market Drop
SEOUL/SINGAPORE – Retail traders in Asia are loading up on borrowed money to fund purchases in their brokerage accounts, traders and dealers said, as they chase oil and energy prices higher and scoop up sinking stocks. An energy shock walloped…
Trump Bought Streaming Giants’ Bonds During Paramount Media Deal Fight
WASHINGTON – U.S. President Donald Trump bought more than $1.1 million of Netflix bonds over the last three months as the streaming giant unsuccessfully fought Paramount Skydance to buy Warner Bros Discovery, according to government disclosures. Trump bought more than…
Boeing close to 500-Jet Order with Trump-Xi Summit, Bloomberg News reports
Boeing is closing in on one of the largest sales in its history, a 500-aircraft order for 737 Max jets set to be unveiled when U.S. President Donald Trump travels to Beijing for his first state visit to China since…
Global Markets Turn to Safe Havens as Iran Strikes Lift Yen and Swiss Franc
LONDON – The safe-haven Swiss franc and Japanese yen firmed, while the euro slid as trading resumed after a weekend that saw the United States and Israel launch their most ambitious attacks on Iran in decades, killing Supreme Leader Ayatollah…
How US-Iran tensions could shape world markets
LONDON/ABU DHABI – The United States and Israel launched strikes on Iran on Saturday, targeting its leadership and plunging the Middle East into a new conflict that President Donald Trump said would end a security threat and give Iranians a…