Netflix recruits investment bank to consider an offer for Warner Bros. Discovery, according to a report
Netflix is currently recruiting financial advisors and obtaining financial insights as it looks into acquiring Warner Bros. Discovery’s studio and streaming divisions, according to several sources in the know. The streaming giant has enlisted the help of investment bank Morris & Co.—the same firm that helped Skydance Media with its purchase of Paramount Global—to assess […]
Amazon stock rises as demand for AI increases cloud earnings
Amazon’s cloud division saw its revenue increase at the fastest rate in nearly three years, prompting a 14% rise in the company’s stock during after-hours trading—thanks to a better-than-expected revenue forecast for the quarter. The company anticipates a rise in capital investments next year. As businesses continue to invest heavily in artificial intelligence software, online […]
Rep. Jasmine Crockett corrected on CNN after sharing inaccurate Trump ballroom statement
During a recent segment on “The Source,” CNN anchor Caitlan Collins interrupted Rep. Jasmine Crockett (D-Texas) to correct her claim that building a new White House ballroom was President Donald Trump’s top priority amid the government shutdown. The exchange turned tense when Crockett shifted from discussing the shutdown to criticizing Trump’s plans for renovations in […]
Retailers in the US are lowering prices on Hershey’s candy before Halloween.
U.S. retailers are ramping up discounts on Hershey Co. products as Halloween approaches. This comes after the company raised prices due to tariffs and cocoa inflation, according to a report from Reuters. By early October, over half of Hershey’s candies were available at discounted prices in a prominent mass retailer, as revealed in a survey […]
‘Scabby the Rat’ mascot receives repairs after being slashed in NYC
This week, a large inflatable rat, known as Scabby, was damaged outside the posh Babo restaurant in Manhattan. Repairs are underway, but it turns out the damage was worse than initially thought. A protest organized by the union Unite Here Local 25 at Babo’s grand reopening on Monday led to the rat being slashed. On […]
Abby Phillip responds to liberals about having Trump supporters on CNN.
Abby Phillippe, a CNN anchor, has defended her choice to spotlight supporters of President Trump on her nightly program, stating that critics of her segment “MAGA People” are missing the bigger picture. This comes even after some sparring with Republican commentator Scott Jennings, which has circulated widely on social media. While promoting her new book […]
Scott Bessent praises the US-China soybean agreement, but it may be too late for this year’s harvest.
Thanks to a new agreement between President Trump and the Chinese government, American farmers might see a boost, with promises of tens of millions of tons heading their way. However, analysts are a bit skeptical, suggesting that the timing could be too late for this season’s crops. Treasury Secretary Scott Bessent announced that China will […]
Meta and Microsoft stocks drop as investors worry about exaggerated AI spending
Meta and Microsoft Stocks Plunge Amid AI Investment Concerns Shares of Meta and Microsoft experienced a significant drop on Thursday. This decline followed the announcement of their plans to boost investments in artificial intelligence, raising investor concerns about the potential returns on these expenditures. The Nasdaq, heavily weighted with tech stocks, was down 1.3% by […]
Lawsuit from Eric Schmidt’s former girlfriend highlights Playboy lifestyle
Michelle Ritter Files Suit Against Eric Schmidt Michelle Ritter, 31, has had her sights set on becoming Mrs. Schmidt. She was accustomed to the luxurious lifestyle that came with dating Eric Schmidt, the tech billionaire and former Google CEO. Living in a Bel Air mansion, driving his Tesla, and holding business meetings in daring swimwear […]
Fox sees a 5% increase in revenue due to high advertising demand.
Fox Revenue and Profit Report Fox announced on Thursday that its revenue grew nearly 5% in the latest quarter, driven by strong advertising demand across its various sectors. For the fiscal first quarter, revenue reached $3.74 billion, marking a 4.9% increase and surpassing Wall Street’s expectations of $3.57 billion. Advertising revenue jumped 6% in the […]