Browsing: Business

Paramount Global, in partnership with Skydance Media, is preparing a formal bid to acquire Warner Bros. Discovery in a move that could result in one of the most significant mergers in the media and entertainment sector in recent years. The

China’s antitrust regulator has determined that Nvidia Corporation violated the terms of a 2020 merger deal with Israeli networking firm Mellanox Technologies, escalating regulatory scrutiny on U.S. technology firms and adding new strain to ongoing U.S.-China trade discussions. The State

Mortgage demand in the United States surged to its highest level in more than three years during the first week of September, driven by a sharp drop in interest rates that brought borrowing costs to their lowest point since October

U.S. federal agents detained nearly 500 workers in a large-scale immigration raid at Hyundai Motor Group’s electric vehicle and battery complex in Ellabell, Georgia, marking the country’s largest single-site enforcement action in recent years. The operation, carried out on September

The Universal Postal Union (UPU) announced that 88 national postal operators have suspended some or all mail services to the United States following a significant regulatory change that ended the de minimis duty-free exemption on imported goods under $800. The policy,

Gold prices could surge to nearly $5,000 per ounce if former U.S. President Donald Trump returns to office and undermines the independence of the Federal Reserve, according to a new report from Goldman Sachs. The investment bank issued the warning

Shares of American Eagle Outfitters surged 25 percent in after-hours trading on Wednesday, following stronger-than-expected quarterly earnings and a successful marketing campaign featuring actress Sydney Sweeney. The retailer credited the high-profile denim campaign for driving a spike in consumer engagement

Macy’s Inc. shares soared 20 percent on Tuesday after the department store chain delivered second-quarter results that beat Wall Street expectations and posted its first increase in comparable sales in three years. The New York-based retailer also raised its full-year

U.S. stocks declined sharply on Tuesday, with the Dow Jones Industrial Average falling nearly 250 points as investors reacted to rising bond yields and growing uncertainty over trade policy. The pullback marked a volatile start to September on Wall Street,

U.S. spirits giant Brown-Forman reported a sharp 62 percent decline in Canadian sales of its flagship brand Jack Daniel’s, attributing the drop to a widespread boycott of American alcoholic beverages across Canada. The impact, disclosed during the company’s quarterly earnings report on August