Warner Bros Paramount bid under pressure as shareholders urged to reject $108 billion offer

Warner Bros Discovery is expected to formally urge its shareholders to reject a $108.4 billion takeover bid from Paramount Skydance, according to multiple media reports, setting the stage for a high stakes confrontation in the global media industry. The proposed deal, often referred to as the Warner Bros Paramount bid, would mark one of the … Read more

Amazon distribution center near LAX sells for record $211 million

Los Angeles — An Amazon distribution center located near the gates of Los Angeles International Airport has sold for a record $211 million, highlighting the rising value of logistics properties near major transportation hubs. The 143,060 square foot facility on 98th Street was acquired by the real estate investment arm of Morgan Stanley, marking the … Read more

Powerball Ohio winners emerge as $1.25 billion jackpot continues to grow

COLUMBUS, Ohio — The Powerball jackpot surged to an estimated $1.25 billion after no ticket matched all six numbers in Monday night’s drawing, lottery officials said, extending one of the longest jackpot runs in the game’s history.  While the top prize went unclaimed, three tickets sold in Ohio each won $50,000, highlighting a night of … Read more

Woolworths class action filed over alleged staff underpayments in South Australia

Australia’s largest supermarket operator, Woolworths Group Ltd., is facing a new Woolworths class action after legal proceedings were filed in Federal Court alleging potential underpayments to staff in South Australia.  The case, brought by Shine Lawyers, adds to a growing list of legal and regulatory challenges confronting the grocery giant over historical payroll practices. Woolworths … Read more

Investors weigh risks as AI stock market faces scrutiny after three years

It has been three years since OpenAI launched ChatGPT, sparking a global surge of interest in artificial intelligence. While the AI stock market continues to attract investment, doubts are rising over whether its rapid growth can be sustained.  From share selloffs to rising costs, experts say the market is entering a critical phase that could … Read more

Powerball Jackpot After Taxes Cut $1.1 Billion Prize Nearly in Half

Powerball jackpot after taxes showing reduced lump sum payout from $1.1 billion prize

The Powerball jackpot after taxes would leave a potential winner with hundreds of millions of dollars, but far less than the eye catching $1.1 billion headline suggests.  After no tickets matched all six winning numbers in Saturday night’s drawing, the jackpot rolled over, raising fresh questions about how much money a winner would actually receive … Read more

European stocks hit one month high as Wall Street futures show caution after tech selloff

European stocks rise to one-month high as investors react to Fed rate cut and tech selloff

European stocks rose Friday, reaching a one month high as investors responded to the US Federal Reserve’s recent interest rate cut, while Wall Street futures suggested lingering caution following a technology sector selloff.  Analysts said the Fed’s policy decision and ongoing uncertainty in global tech markets were shaping trading patterns on both sides of the … Read more