Business Archives - Page 2 of 8

US economy grew more than expected in 3rd quarter

Tuesday, December 23

(NEW YORK) -- The U.S. economy expanded more than economists expected over a recent three-month period, recording robust growth despite concerns about sluggish hiring and cash-strappped shoppers, federal government data on Tuesday showed.The U.S. economy grew at an annualized rate of 4.3% in the... Read More.

What Trump’s threatened ‘blockade’ on sanctioned Venezuelan oil tankers means for gas prices

Saturday, December 20

(NEW YORK) -- Oil prices jumped about 3% after President Donald Trump this week threatened to blockade all sanctioned oil tankers traveling in and out of Venezuela.Venezuela, which has the largest known oil reserves in the world, exports hundreds of thousands of barrels of... Read More.

Inflation report to be released Thursday expected to show slight uptick in November

Thursday, December 18

(WASHINGTON) -- An inflation report to be released on Thursday will offer a look at price increases for the first time in nearly two months, after the 43-day government shutdown impaired data collection.The fresh data is set to arrive amid an uptick of inflation... Read More.

Warner Bros. board tells shareholders to reject Paramount offer in favor of Netflix

Wednesday, December 17

(NEW YORK) -- The board at Warner Bros. Discovery Inc. said early on Wednesday that its members had unanimously recommended that shareholders reject Paramount Skydance's bid for the company in favor of Netflix's earlier bid."Following a careful evaluation of Paramount's recently launched tender offer,... Read More.

Disney to invest $1 billion in OpenAI, permit use of characters on AI video generator

Thursday, December 11

(NEW YORK) -- The Walt Disney Company on Thursday announced plans to invest $1 billion in artificial intelligence company OpenAI, in a deal that will grant the company access to copyrighted characters from "Star Wars," Marvel and other properties for users of AI short-form... Read More.

Bids for Warner Bros. Discovery face uncertain Trump approval process, some experts say

Thursday, December 11

(NEW YORK) -- Paramount launched a hostile bid for Warner Bros. Discovery this week, just days after Netflix struck a deal to acquire the legacy media company.The rival multi-billion dollar efforts to purchase streaming platform HBO Max and movie studio Warner Bros., among other... Read More.

Divided Fed set to announce decision on interest rates

Wednesday, December 10

(WASHINGTON) -- The Federal Reserve is set to announce its latest adjustment of interest rates on Wednesday, potentially slashing borrowing costs for the third time this year in an effort to boost sluggish hiring.Top officials at the Federal Reserve have displayed a rare degree... Read More.

Paramount launches hostile bid for Warner Bros. Discovery

Monday, December 8

(NEW YORK) -- Paramount said Monday it is making a bid to acquire Warner Bros. Discovery, swooping in just days after Netflix announced a $83 billion deal to purchase a large part of the media giant.Warner Bros. Discovery (WBD) shareholders would be offered... Read More.

Will AI ever make big profits? Experts weigh in as bubble fears loom

Friday, November 28

(NEW YORK) -- Fears of an artificial intelligence bubble have rattled the stock market in recent weeks and set off concern among critics about a wider risk to the U.S. economy.A surge of AI spending accounted for roughly two-thirds of gross domestic product growth... Read More.

Black Friday online shopping expected to hit record high, data shows

Friday, November 28

(NEW YORK) -- Online shoppers set a record high on Thanksgiving, paving the way for gangbusters performance on Black Friday, Adobe data showed.Digital spending on Thanksgiving jumped 5% from a year earlier, totaling $6.4 billion and exceeding Adobe's expectations, the firm said.The company also... Read More.

Gas prices near lowest level in 4 years ahead of Thanksgiving

Tuesday, November 25

(NEW YORK) -- Gas prices stand close to their lowest level in four years as tens of millions of people prepare to travel over the Thanksgiving holiday.The national average for a gallon of gas on Monday tallied at $3.07, which amounts to a slight... Read More.

Nvidia defies AI bubble fears but some analysts remain worried

Saturday, November 22

(NEW YORK) -- Blockbuster earnings from chip giant Nvidia this week appeared to rebuke concerns about an artificial-intelligence bubble, briefly ending a days-long slump in the stock market."It's fair to say that Nvidia's results have completely changed the market mood and pushed out any... Read More.

Business

US economy grew more than expected in 3rd quarter

What Trump’s threatened ‘blockade’ on sanctioned Venezuelan oil tankers means for gas prices

Inflation report to be released Thursday expected to show slight uptick in November

Warner Bros. board tells shareholders to reject Paramount offer in favor of Netflix

Disney to invest $1 billion in OpenAI, permit use of characters on AI video generator

Bids for Warner Bros. Discovery face uncertain Trump approval process, some experts say

Divided Fed set to announce decision on interest rates

Paramount launches hostile bid for Warner Bros. Discovery

Will AI ever make big profits? Experts weigh in as bubble fears loom

Black Friday online shopping expected to hit record high, data shows

Gas prices near lowest level in 4 years ahead of Thanksgiving

Nvidia defies AI bubble fears but some analysts remain worried

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