Kevin Dietsch/Getty Images AI chipmaker Nvidia has been at the center of the enormous AI hype wave that has gripped global markets, ascending to become the most valuable company in the world. Yet despite its dominating presence on Wall Street, OpenAI is getting cold feet about the company’s offerings. After announcing a blockbuster $100 billion…
In this article PTON Follow your favorite stocksCREATE FREE ACCOUNT A Peloton Bike inside a showroom in New York, US, on Wednesday, Nov. 1, 2023. Peloton Interactive Inc. is scheduled to release earnings figures on November 2. Michael Nagle | Bloomberg | Getty Images Peloton posted a worse-than-expected holiday quarter on Thursday after shoppers failed…
Ahead of expected negotiations to de-escalate tensions between the United States and Iran, citizens of Tehran have shared their perspectives on the prospects for peace and security. The ongoing dialogue, which is reportedly taking place in Oman, offers a glimmer of hope amid rising concerns about potential military action and its consequences. Understanding the sentiments…
NEW YORK (AP) — Elon Musk vowed this week to upend another industry just as he did with cars and rockets — and once again he’s taking on long odds. The world’s richest man said he wants to put as many as a million satellites into orbit to form vast, solar-powered data centers in space…
There is concern that subscribers might be negatively affected if Netflix acquires Warner Bros. Discovery’s streaming and movie studios businesses. One of the biggest fears is that the merger would lead to higher prices due to less competition for Netflix. During a US Senate hearing Tuesday, Netflix co-CEO Ted Sarandos suggested that the merger would…
Brad Karp attends the Paley Museum’s 50th anniversary celebration at the Paley Museum on Nov. 5, 2025 in New York City. John Lamparski | Getty Images Entertainment | Getty Images Brad Karp, chairman of the major corporate law firm Paul Weiss, resigned that post on Wednesday after fallout over emails between him and notorious sex…
NEW YORK (AP) — Sharp drops hit Wall Street on Thursday as technology stocks fell and bitcoin plunged again to roughly half its record price set last fall. Several discouraging reports on the U.S. job market also knocked down yields in the bond market. The S&P 500 fell 1.2% for its sixth loss in the…
Bitcoin’s price sell-off continued Thursday, with prices breaking below the widely-tracked $70,000 level on the OG crypto exchange Bitstamp. BTC’s dollar-denominated price slipped to $69,101 during the Asian trading hours, trading a discount to prices on other exchanges, including Coinbase, where BTC hit a low of $70,002. STORY CONTINUES BELOW The discount on Bitstamp likely…
In a demonstration highlighting the ongoing tension surrounding immigration policies in the United States, twelve protesters were arrested on Columbia University’s campus. The activists claim that the university’s collaboration with immigration enforcement undermines its commitment to inclusivity and are advocating for the institution to be designated as a sanctuary campus. This incident underscores the broader…
Earlier today, the Federal Trade Commission (FTC) announced an extraordinary settlement with Express Scripts that fundamentally reshapes its pharmacy benefit management (PBM) business—and by extension, the entire drug channel. The settlement addresses virtually every warped incentive that we have been covering on Drug Channels for the past 20 years. I summarize them below, but it’s…
Lisa Su, chair and chief executive officer of Advanced Micro Devices Inc., displays an AMD Instinct MI455X GPU during the 2026 CES event in Las Vegas, Jan. 5, 2026. Bloomberg | Bloomberg | Getty Images South Korea markets led declines in Asia-Pacific Thursday, tracking Wall Street losses as the tech sell-off gained momentum. Seoul’s Kospi…
In the heart of East London, Casablanca Cafe serves as a microcosm of the Bangladeshi diaspora’s experience, especially as the country prepares for its pivotal elections on February 12. With renewed hope for genuine competition after years of disillusionment, the upcoming vote ignites passionate discussions among expatriates who are eager to participate in shaping Bangladesh’s…
Amid rising tensions between the United States and Iran, the complexities of their diplomatic interactions have taken center stage once again. As the Trump administration embarks on a new round of negotiations, the approach appears heavy-handed, posing a challenge to the already fragile landscape of US-Iran relations. With regional security implications at stake, how these…
Rendering reliance on it for indications of employment trends useless. By Wolf Richter for WOLF STREET. The ADP National Employment Report data, released today by payroll processor ADP, was massively revised going back to 2010, now showing erratic and massive month-to-month job gains and losses going back to 2010 that are completely different than the data for the…
Bitcoin slid below the $71,000 mark in Asian hours Thursday as a renewed selloff in global technology stocks spilled into crypto markets, undercutting hopes of a sustained rebound after last week’s volatility. The world’s largest cryptocurrency fell as much as 7.5% over the past 24 hours, touching lows near $70,700 before paring some losses, according…
As the conflict between Russia and Ukraine continues to unfold on the geopolitical landscape, day 1,443 of the war reveals a mixture of military aggression and diplomatic negotiations. Amid the chaos, international cooperation emerges, particularly through the efforts of countries like the United Arab Emirates, showcasing the importance of dialogue in seeking resolution. The situation…
In a move aimed at reshaping the landscape of pharmaceutical pricing in the United States, President Donald Trump introduced TrumpRx, a new platform intended to provide consumers with greater access to affordable medications. As calls for healthcare reform grow louder amid economic challenges, this initiative seeks to empower Americans by circumventing traditional price structures established…
EXCLUSIVE: Disney’s incoming CEO Josh D’Amaro joked about Succession – the show – and bonded with his new no. 2 Dana Walden and outgoing chief executive Bob Iger at a company town hall Wednesday. Executives gathered at the main theater on the Disney lot in Burbank for the event, which was beamed via Zoom to…
LOADINGERROR LOADING Senate Republicans grilled Netflix co-CEO Ted Sarandos during a Tuesday hearing about the streamer’s bid to acquire Warner Bros. film and streaming divisions, calling the platform a “left-wing company” that has a history of pushing “wokeness” and “propaganda.” The typically poised entertainment exec was visibly flustered as he faced a barrage of pointed…
Washington Post owner Jeff Bezos remains committed to the publication, its top editor told CNN in an interview Wednesday, hours after the Post laid off hundreds of employees. “He wants the Post to be a bigger, relevant, thriving institution,” executive editor Matt Murray said. Many Post journalists doubt that, however, arguing that the institution can’t…
In this article GOOGL AMD AVGO ORCL .IXIC .SPX .DJI AMGN HON .STOXX Follow your favorite stocksCREATE FREE ACCOUNT Signage outside the Google headquarters in Mountain View, California, US, on Tuesday, Feb. 3, 2026. David Paul Morris | Bloomberg | Getty Images .ido-promo__content { box-sizing: border-box; width: 100%; background-color: #f0f0f0; padding: 2px 20px 2px 20px;…
Brad Karp will stay at Paul Weiss as a partner focusing on client work © Steven Ferdman/Getty Images Brad Karp is stepping down as chair of US law firm Paul Weiss after revelations about his relationship with child sex offender Jeffrey Epstein. The New York law firm has picked Scott Barshay, a star deals lawyer…
In an evolving geopolitical landscape marked by the complexities of nuclear diplomacy, U.S. President Donald Trump has rejected an offer from Russian President Vladimir Putin to extend limitations on strategic nuclear weapons that recently expired. Instead, Trump advocates for a new treaty with updated terms, underscoring a desire for modernization amid rising global tensions over…
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Pizza Hut will close around 250 stores in the U.S. in H1 2026 as part of an ongoing review of the chain’s positioning and strategy, Yum Brands CFO Ranjith Roy said on the company’s Q4…
Tesla Vice President of Vehicle Engineering Lars Moravy testified Wednesday before a Senate committee hearing on the future of self-driving to advocate for federal autonomous driving standards — something that would make Tesla’s goal of an autonomous future that much more possible. While many of the senators were excited about the prospect of furthering self-driving…
Bitcoin nearly touched the $72,000 mark on Wednesday, marking the second straight day of its massive retreat this week. The world’s oldest cryptocurrency sank as low as $72,096.20, plunging more than 5% on the day. It was last trading at $72,958.38, down about 4% on the day. Bitcoin is currently more than 40% off its record…
Ted Cruz took time during the Senate antitrust hearing about Netflix‘s proposed acquisition of Warner Bros. and its potential impact on monopolies and competition to grill Netflix CEO Ted Sarandos and Warner Bros. Discovery chief revenue officer Bruce Campbell about Billie Eilish’s speech during Sunday’s Grammy Awards, pushing the executives about how her speech reflects…
In this article ELF Follow your favorite stocksCREATE FREE ACCOUNT Elf Beauty cosmetics Courtesy: e.l.f Beauty E.l.f. Beauty reported a huge earnings beat Wednesday and raised its guidance for the fiscal year. Shares of the company sank Thursday after jumping as much as 15% immediately after the earnings report on Wednesday afternoon. Here’s what the…
Amid ongoing political tensions, Venezuela is witnessing a hopeful shift with the recent unanimous passage of an amnesty law aimed at providing clemency to political prisoners. The legislation, known as the Amnesty Law for Democratic Coexistence, has ignited optimism within opposition circles about fostering dialogue and healing national divides, even as critics voice concerns over…
In a surprising shift of position, President Donald Trump has expressed support for British Prime Minister Keir Starmer’s recent deal concerning the Chagos Islands, a region of strategic military significance. This endorsement comes after Trump’s initial denunciation of the agreement, raising questions about the implications for the sovereignty of the islands and the rights of…
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Dana Walden didn’t get the big CEO job at Disney. But she did get a big new job that will put her in almost as much of a fishbowl in Hollywood as Josh D’Amaro will face as he moves into Bob Iger’s office next month. As president and chief creative officer, Walden is tasked with…
President Trump’s plans for a more receptive Fed may have backfired so spectacularly that Jerome Powell may end up staying as chairman beyond the end of his term, while Stephen Miran, Trump’s most loyal supporter on the bank’s rate-setting committee, leaves the institution. Trump has repeatedly taken aim at the chair of the U.S. Federal…