Paramount Skydance faces a Sept. 30 deadline to settle a $111 billion merger deal with Warner Bros. Discovery, which includes CNN. The merger is challenged by 12 state attorneys general over antitrust concerns about film and cable market share, not CNN itself. Paramount is considering selling CNN to reduce political opposition, but this would not resolve the legal case. If unresolved, the deal incurs daily fees and could lead to a trial in March 2027, with Paramount planning to relocate operations out of California if no settlement is reached by the deadline.
Spot Bitcoin ETFs experienced $462.7 million in net outflows from September 8 to 11, reversing nearly half of the previous week's inflows. This shift coincides with markets pricing in an 87% chance of a 25-basis-point rate hike at the upcoming Septem...
Visa reported better-than-expected Q3 results, with net revenue up 14%, earnings per share rising 11%, and free cash flow reaching about $6.14 billion. The company is expanding its value-added services and forming strategic partnerships to diversify ...
Tom Lee, co-founder of Fundstrat, states that Ethereum is becoming the key settlement layer for Wall Street and artificial intelligence (AI) applications. Despite a broader crypto market pullback, Ethereum has outperformed most major cryptocurrencies...
Mondelez International has opened a $22 million chocolate crumb production facility in Shah Alam, Malaysia, reducing supply-chain lead time by at least two months for a key Cadbury ingredient. This local production replaces imports from Australia and...
The CME's fed funds futures indicate an 87.3% probability that the Federal Open Market Committee (FOMC) will increase the federal funds rate from the current 3.50-3.75% range to 3.75-4% at the September 16, 2026 meeting. This expected rate hike appea...
