ABC Settles Trump Defamation Suit for $15M
ABC News Settles Defamation Lawsuit with Trump for $15M ABC News has agreed to pay $15 million to settle a defamation lawsuit filed by President-elect Donald Trump. The lawsuit was…
December M&A Surge: $3.2B Pactiv Deal Headlines Month
A December to Remember: Novolex’s $3.2B Pactiv Acquisition Leads M&A Activity December 2024 marked a significant increase in merger and acquisition activity, with Novolex Holdings LLC’s $3.2 billion acquisition of…
Tesla Hits New Record High as Musk Influence Grows
Tesla Reaches New Heights: Musk’s Influence Fuels Record Highs Tesla shares soared to an unprecedented high of $424.77 on December 11, 2024, shattering the previous record of $409.97 established in…
Fed Cuts Rates Again But Signals Fewer 2025 Reductions
Federal Reserve Trims Rates Yet Anticipates Fewer Cuts in 2025 On December 18, 2024, the Federal Reserve announced its third consecutive rate cut, lowering the federal funds rate by 0.25…
Biden Sets Record with 1,500 Sentence Commutations in Single Day
Historic Day: Biden Commutes 1,500 Sentences, Sets New Record President Joe Biden made history on Thursday by commuting the sentences of nearly 1,500 people and pardoning 39 others. This marked…
Broadcom Stock Plunges 11.6% Despite Strong Q4 Earnings Beat
Broadcom Stock Dips 11.6% Despite Exceeding Q4 Earnings Expectations Broadcom shares experienced a significant 11.6% drop on Friday, a surprising turn of events given the semiconductor giant’s record-breaking fourth-quarter results…
Fed Cuts Rates 25 Basis Points But Signals Slower Pace in 2025
Federal Reserve Announces Third Consecutive Rate Cut, Yet Indicates Slower Pace in 2025 The Federal Reserve announced its third consecutive interest rate cut on Wednesday, reducing the federal funds rate…
Coca-Cola Names Henrique Braun as Next CEO in Major Leadership Shift
Coca-Cola Announces Henrique Braun as Future CEO in Significant Leadership Transition The Coca-Cola Company made a significant announcement on Wednesday, December 11, 2024. Henrique Braun is set to become its…
Fed Cuts Rates by 0.25% but Signals Pause in Aggressive Easing
Federal Reserve Announces Third Interest Rate Cut of 2024, Yet Hints at a Slowdown The Federal Reserve announced its third interest rate cut of 2024 on Wednesday, December 11, lowering…
Oracle Earnings Miss Sparks AI Spending Fears, Stock Plunges 11%
Oracle’s Earnings Miss Sparks Concerns Over AI Investment Returns, Triggers 11% Stock Plunge Oracle Corporation delivered a disappointing performance in its second-quarter results on Wednesday, December 11, 2024. This unexpected…
Fed Cuts Rates Again But Signals Slower Pace for 2025
Federal Reserve Trims Rates Yet Indicates a Slower Reduction Pace for 2025 The Federal Reserve has once again reduced interest rates, this time by 0.25 percentage points on December 18.…
Instacart Under Fire for AI-Powered ‘Smart Rounding’ Price Tests
Instacart’s AI-Powered ‘Smart Rounding’ Pricing Tests: A Cause for Concern? Consumer Reports has recently shed light on Instacart’s use of AI-powered dynamic pricing experiments. These tests have resulted in customers…
Disney Taps Former Apple COO Jeff Williams for Board Expansion
Former Apple COO Jeff Williams Nominated for Disney Board Expansion The Walt Disney Company has nominated Jeff Williams, former Apple Chief Operating Officer, to join its board of directors at…
Fed Rate Cut Decision Looms as Markets Await December 10 Meeting
Federal Reserve’s Rate Cut Decision: A Crucial Moment for Markets The Federal Reserve is on the brink of a highly anticipated and potentially contentious interest rate decision. This decision is…
Stock Markets Tumble as NVIDIA Falls 2.6% on China Chip Concerns
U.S. Stock Markets Stumble: NVIDIA Drops 2.6% Amid China Chip Sales Concerns On Monday, U.S. stock markets ended a three-week winning streak, closing lower due to ongoing concerns about the…
Federal Judge Blocks $25B Kroger-Albertsons Grocery Merger
Major Antitrust Victory: Federal Judge Halts $25B Kroger-Albertsons Merger In a significant antitrust triumph, a federal judge in Oregon blocked Kroger’s $25 billion acquisition of rival grocery chain Albertsons on…
Structure Therapeutics Stock Soars 100% on Obesity Drug Breakthrough
Structure Therapeutics’ Stock Skyrockets Following Obesity Drug Breakthrough Structure Therapeutics shares soared nearly 100% in Monday trading, following the announcement of exceptional results from its Phase 2b trial of aleniglipron,…
Netflix Wins Warner Bros. Bidding War with $82.7B Mega-Deal
Netflix Triumphs in Warner Bros. Bidding War with a Whopping $82.7B Deal Netflix has emerged victorious in a fierce bidding war, securing Warner Bros. Discovery’s studio and streaming assets in…
IBM Acquires Confluent for $11B in Major AI Infrastructure Play
IBM’s Major AI Infrastructure Move: Acquiring Confluent for $11B IBM, the technology giant, made a significant announcement on Monday. It has decided to acquire the data streaming platform, Confluent, in…
US Services Sector Expands to Six-Month High in December PMI Report
US Services Sector Records Six-Month Peak Expansion in December PMI Report The US services sector demonstrated significant growth in December 2024. The Services PMI registered at 54.1%, marking a 2…