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Netflix Inc. has refinanced a significant portion of the massive bridge loan backing its bid for Warner Bros. Discovery Inc., securing cheaper and longer term financing as it moves forward with one of the largest media transactions in recent history. The company disclosed in a regulatory filing Monday that it replaced part of a $59 … Read more
Paramount Skydance on Monday moved to strengthen its hostile takeover bid for Warner Bros. Discovery by formally guaranteeing the financial backing of billionaire Larry Ellison, responding directly to doubts raised by WBD’s board about whether the deal could close. In a news release, Paramount said Ellison agreed to provide an irrevocable personal guarantee covering $40.4 … Read more
US futures climbed Monday and Asian markets rose, continuing a tech driven rally into the holiday shortened trading week, even as European indexes faltered and gold reached record highs. Investors appeared drawn to AI related stocks and precious metals amid ongoing volatility in global commodities and bond markets. Futures for the US’s tech heavy Nasdaq … Read more
A Powerball ticket worth more than $2.3 million was sold in California, narrowly missing one of the largest lottery jackpots in US history, lottery officials said. The ticket, purchased in the coastal city of Oxnard, matched five of six numbers in Saturday night’s drawing, underscoring the soaring anticipation surrounding a Powerball jackpot that has gone … Read more
Elon Musk has become the first person in history to amass a fortune exceeding $700 billion after a Delaware Supreme Court ruling restored a massive Tesla compensation package that had been voided last year. According to Forbes’ real time billionaires index, Musk’s net worth surged to an estimated $749 billion late Friday, cementing his position … Read more
The latest November inflation report shows that price increases across consumer goods eased, partially offsetting continued pressure from categories such as gasoline and groceries, according to the Bureau of Labor Statistics. Economists, however, urged caution, noting that data collection during the recent government shutdown was incomplete. The consumer price index, a key measure of inflation, … Read more
The Powerball jackpot has soared to an estimated $1.5 billion for the next drawing on Saturday, Dec. 20, after no one matched the winning numbers in Wednesday’s, Dec. 17, drawing. The cash value of the prize is approximately $686.5 million, making it the fifth largest Powerball jackpot in history, according to the official Powerball website. … Read more
The $1.5 billion Powerball jackpot is set to be up for grabs Saturday night after no ticket matched all six numbers drawn Wednesday, extending a weeks long streak without a top prize winner, lottery officials said. The swelling jackpot now ranks as the fifth largest in Powerball history, drawing renewed attention from players nationwide. Wednesday’s … Read more
New York — Wall Street’s main indexes declined Wednesday, led by heavy losses in technology stocks, as investors reacted to reports of funding hurdles for Oracle’s next data center and broader concerns about tech sector debt. The S&P 500 and Nasdaq Composite fell to three week lows, signaling continued investor caution in a year dominated … Read more
Medline Industries is scheduled to make its highly anticipated Nasdaq debut Wednesday after raising six point two six billion dollars in what stands as the largest global initial public offering of twenty twenty five. The listing places the Northfield, Illinois based medical supply company at the center of a US IPO market that has remained … Read more
