Business

Warner Bros. Discovery CEO David Zaslav may have been counting on watching one last round in the Netflix vs. Paramount Skydance boxing match to acquire the media company he runs. What he might not have anticipated was that Netflix wouldn't even bother re-entering the ring.Thursday after the market close, WBD announced that Paramount Skydance’s last and best offer of $31 a share for its film studio, streaming platform and cable […]

E-commerce giant eBay announced Thursday it is slashing hundreds of jobs, just days after the company dropped $1.2 billion in cash to acquire a trendy Gen Z fashion app and settled a federal stalking lawsuit involving former executives.Multiple outlets have reported that eBay will cut a total of 800 roles, or 6% of its workforce, as company documents indicated about 12,300 employees worldwide as of Dec. 31, 2025.eBay did not […]

FedEx announced Thursday it will return any tariff refunds it may receive to its customers who paid them as it seeks compensation from the federal government for tariffs paid that were subsequently ruled illegal.The shipping giant said in a statement that it intends to return any tariff refunds to shippers and customers who bore the cost of the tariffs. The move follows the Supreme Court's ruling last week that a […]

Netflix dropped its bid to buy Warner Bros. after the studio announced Paramount's latest bid to buy the entire company was "superior.""The transaction we negotiated would have created shareholder value with a clear path to regulatory approval. However, we've always been disciplined, and at the price required to match Paramount Skydance's latest offer, the deal is no longer financially attractive, so we are declining to match the Paramount Skydance bid," […]

A Florida man was arrested on federal charges related to an alleged cryptocurrency "Ponzi scheme" that defrauded investors of at least $328 million.The U.S. Attorney's Office for the Middle District of Florida said in a release Tuesday that Christopher Alexander Delgado, a 34-year-old from Apopka, Florida, was arrested on wire fraud and money laundering charges. If convicted on all charges, Delgado would face a maximum of 30 years in federal prison.According to […]

Ford is recalling more than 4.3 million pickup trucks and SUVs due to a software issue that could cause trailer brakes not to function.The recall affects certain model year 2021 through 2026 F-150s, 2022-2026 Super Duty trucks, 2024-2026 Rangers, 2022-2026 Expeditions, Mavericks, Lincoln Navigators and 2026 Transit vehicles.When towing a trailer, the Integrated Trailer Module may lose communication with the vehicle, potentially causing a loss of brake and turn signal […]

Americans are facing rising electricity costs around the country as winter weather and the rise of artificial intelligence (AI) data centers increase demands on the electric grid.Electricity prices have risen faster than the pace of inflation in the last year. January consumer price index (CPI) data from the Bureau of Labor Statistics showed electricity costs were up 6.3% from a year ago, while CPI was up 2.4% in that period.Data from […]

Mortgage rates fell below 6% this week for the first time in three and a half years, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage fell to 5.98% from last week's reading of 6.01%. The average rate on a 30-year loan was 6.76% a year ago. It was most recently under 6% on Sept. 8, […]

Iran's ruling regime is facing what opposition leader Prince Reza Pahlavi describes as its most vulnerable moment as economic pressure and anti-regime demonstrations continue across the country.Pahlavi, the former crown prince and a leading voice of the democratic opposition, joined FOX Business' Maria Bartiromo on "Mornings with Maria" to argue that financial sanctions are compounding internal unrest and weakening Tehran's grip on power."Clearly, the regime that is on its last […]