Business

Paramount, a Skydance Corporation, and Netflix both want to purchase Warner Bros. Discovery but will face similar antitrust issues and might have to alter plans to satisfy regulators, according to a competition law guru. Warner Bros. Discovery (WBD) agreed to sell its film and television studios and streaming platform, HBO Max, to Netflix in a cash-and-stock deal valued at $27.75 per share. But then Paramount announced Monday an all-cash tender offer to acquire […]

Joe Jonas' former Los Angeles home is now up for grabs.The West Hollywood home is officially on the market for nearly $4 million, in partnership with listing agents Brent Watson and Marco Salari of The Beverly Hills Estates.Once featured in Architectural Digest, the home features 3,773-square-feet of living space, including four bedrooms and four-and-a-half bathrooms.The home also includes a full kitchen with a butler’s pantry, as well as an additional […]

The U.S. Department of Transportation (DOT) announced Thursday it has helped redirect "exorbitant" executive payouts at Amtrak — put in place under the Biden administration — into $900 bonuses for more than 18,000 frontline workers.The DOT said it reached an agreement with Amtrak’s management and board of directors to shift roughly half of leadership bonuses to Amtrak’s unionized frontline employees this holiday season, recognizing what officials described as a "record […]

President Donald Trump said Friday he is focusing on two candidates to chair the Federal Reserve next year, with former Fed Governor Kevin Warsh and National Economic Council Director Kevin Hassett the leading contenders.Trump was interviewed by The Wall Street Journal and said Warsh is at the top of the list, adding he and Hassett are at the forefront of the decision."Yes, I think he is. I think you have Kevin and […]

The Chandler, Arizona, city council voted unanimously Thursday against clearing the way for construction of an AI data center.Cheers and applause erupted after the unanimous vote outcome was announced.Ahead of the vote, multiple people delivered remarks to register their opposition to the prospect of allowing the construction of the center, and some in the audience held signs opposing the proposed project. TIME MAGAZINE PUTS AI LEADERS ON ‘PERSON OF THE YEAR’ […]

President Donald Trump is touting improvements in mortgage costs since he took office as he looks to address Americans' concerns about affordability amid persistent inflation in the economy.Trump spoke at a rally in Pennsylvania on Monday and blamed the Biden administration for high housing costs, saying that "America is winning again" because of his policies. The president also displayed a chart showing that annual total mortgage payments increased over $14,600 during former […]

Lululemon Athletica Inc. announced Thursday that CEO Calvin McDonald is stepping down early next year as the brand struggles to compete in the highly competitive sector.McDonald will step down on Jan. 31, 2026, but will continue to serve as a senior advisor to the company through March 31. Lululemon Chief Financial Officer Meghan Frank and Chief Commercial Officer André Maestrini will serve as interim co-CEOs as the board of directors […]

Microsoft co-founder Bill Gates, a philanthropist who chairs the Gates Foundation, indicated to Politico's Dasha Burns during an interview that the Trump administration's cuts in U.S. foreign aid have resulted in many deaths.Gates told Burns that America is not the only country that has cut assistance.In the Gates Foundation's 2025 Goalkeepers report, he asserted that "In 2024, 4.6 million children died before their fifth birthday. In 2025, that number is […]

Instacart is using AI-enabled pricing experiments that are substantially raising the prices of identical products for different customers, according to an investigation by Consumer Reports and Groundwork Collaborative. By comparing shopping carts of consumers who were instructed to buy the same products on the platform at the same time, researchers found that in some cases the price difference was as high as 23%.Lindsay Owens, the executive director of Groundwork Collaborative, told […]