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CNN staffers fear layoffs as network inks deal with the AP

CNN staffers are concerned that a new contract with The Associated Press could lead to job cuts at the third-largest cable news network. CNN has signed a deal with the Associated Press to use its stories on its website for the first time since it severed ties with the news agency 14 years ago. But […]

Yankees, Juan Soto need to figure out long-term deal

Calm down everyone, everything will be fine. At least that’s the case for today. As first reported by the Post, Juan Soto was diagnosed with only left forearm/elbow inflammation during an MRI this afternoon. Soto is expected to be “day-to-day.” Even better, the city as a whole seems to have weathered the downturn. It doesn’t […]

Autonomy founder Mike Lynch acquitted of fraud over Hewlett-Packard deal

Autonomy founder Mike Lynch, once hailed as the British Steve Jobs, was acquitted of fraud charges by a San Francisco jury on Thursday, a major win for the entrepreneur who has been dogged by legal troubles since his company was sold to Hewlett-Packard in 2011 for $11 billion. Mike Lynch, pictured here in 2019, was […]

Robinhood buys crypto exchange Bitstamp in surprise $200 million deal – Fortune

Robinhood announced on Thursday that it has acquired Bitstamp, one of the world’s oldest cryptocurrency exchanges, in an all-cash transaction valued at approximately $200 million. The acquisition, expected to close in the first half of 2025, will advance one of Robinhood’s strategic objectives by expanding the company’s presence in international markets. Bitstamp has been a […]

Senators rally support for Africa trade deal amid competition with China

Against a broader backdrop of competition with China and an ongoing review of the U.S. trade posture, bipartisan enthusiasm for trade with Africa shone through from the Senate Finance Committee on Wednesday. Senators from both parties acknowledged they agreed on much of the matter on the extension of the African Growth and Opportunity Act (AGOA) […]

NBA’s new TV deal is worth $76 BILLION, and the salary cap is exploding again

The NBA’s new media deal was expected to be big, but no one anticipated just how enormous the financial benefits for the league would be. Wall Street Journal report The 11-year, $76 billion deal with NBC, ESPN and Amazon would shatter even the high end of expectations. That averaged out to just over $6.9 billion […]