Hollywood, Big Tech, Wall Street, and aviation all delivered fireworks today. Paramount shook up the media landscape with a surprise $108 billion bid for WBD, IBM made a major AI-focused acquisition, and JPMorgan tapped a Berkshire heavyweight to steer billions in new strategic investments. Meanwhile, IndiGo’s operational meltdown continued to hammer its stock as regulators
US stocks pulled back on Monday as investors turned cautious ahead of the Fed rate-cut decision on Wednesday. The S&P 500 fell 0.3% and the Nasdaq slipped 0.1% ahead of the Federal Reserve’s final policy meeting of the year. The Dow Jones Industrial Average gave up 246 points (about 0.5%) by midday. The modest midday
Amid an ongoing fierce rivalry over the artificial intelligence space, the United States is mulling over the idea of allowing Nvidia to sell its H200 AI GPUs to China. According to a new report from Semafor, the Commerce Department plans to greenlight the chip, which is roughly 18 months behind Nvidia’s cutting-edge models. The development
The battle for Warner Bros. Discovery (WBD) has turned into a high-stakes standoff, but what initially looked like a Netflix victory lap is quickly losing steam. While Netflix’s flashy offer grabbed headlines, Paramount Global’s hostile counter-bid is quietly emerging as the smarter option. For investors and insiders alike, the “boring” choice might just be the
Tata Electronics has identified Intel as a prospective customer as it accelerates efforts to build India’s domestic electronics and semiconductor ecosystem. The Mumbai-based Tata Group’s electronics division has signed a Memorandum of Understanding (MoU) with the American chip designer to explore manufacturing and packaging of Intel products for the Indian market at Tata’s upcoming semiconductor
HashKey Holdings Ltd., operator of Hong Kong’s largest licensed cryptocurrency exchange, is seeking to raise as much as HK$1.67 billion ($215 million) through an initial public offering, marking a significant test of the city’s ambitions to position itself as a regional digital-asset hub. According to a filing made on Tuesday, the company plans to offer
Asian markets opened Tuesday to a mix of geopolitical tensions, central bank decisions, and shifting expectations around US monetary policy. From China’s objections to Japan’s recent remarks on Taiwan, to the Reserve Bank of Australia’s decision to leave rates unchanged, and to investor caution ahead of the Federal Reserve’s upcoming move, the region’s sentiment remained
Shares of Confluent surged nearly 28% in premarket trading on Monday after the Wall Street Journal reported that IBM is in advanced discussions to acquire the data-streaming platform for about $11 billion. The potential deal, if finalized, would mark a significant push by IBM to strengthen its position in cloud services and capitalise on surging
Carvana’s strong year-to-date rally may not be over, according to Bank of America, which reiterated its buy rating on the used car retailer and raised its price objective to $455 from $385. The new target implies an upside of 13.8% from Friday’s close and reflects growing optimism around the company’s fundamentals and upcoming inclusion in
Veteran investment manager Todd Combs is leaving Berkshire Hathaway to join JPMorgan Chase, marking one of the most significant executive moves in US finance as Warren Buffett prepares to step back from running the $1.1 trillion conglomerate. JPMorgan said on Monday that Combs will lead the bank’s new Strategic Investment Group, the first step in