Business

State Farm announced Thursday that it will pay the largest dividend in company history to auto loan customers, who are in line to receive $5 billion in cash back.State Farm Mutual Automobile Insurance Company, also known as State Farm Mutual, said it will make a one-time distribution this summer to customers across over 49 million vehicles covered by State Farm Mutual auto policies.The company's dividend payments are expected to average $100 […]

Burger King is updating its signature Whopper for the first time in nearly a decade, the company announced Thursday.After receiving feedback from customers, the fast-food chain said it will now serve the burger on a "more premium, better tasting bun," and in a box instead of the current paper wrapper."Over the past several years, we’ve focused on strengthening our operations and modernizing our restaurants to build a more consistent foundation […]

Block on Thursday announced that it will cut nearly half of its workforce as the payments firm works to embed artificial intelligence (AI) throughout its operations.The layoffs will affect over 4,000 jobs at the company and CEO Jack Dorsey indicated he moved forward with a single round of large cuts rather than a series of smaller workforce reductions to give the company more room for growth as it adapts to the AI […]

OpenAI said on Friday it is raising $110 billion in a blockbuster funding round that would value the ChatGPT maker at $840 billion, in a deal that signals the feverish pace of investment in artificial intelligence.The funding round — one of the largest private capital raises on record — includes a $30 billion investment from SoftBank, $30 billion from Nvidia, and $50 billion from Amazon, and comes ahead of the […]

ABC’s "The View" is under Federal Communications Commission (FCC) review after Chairman Brendan Carr said the long-running talk show faces an "uphill climb" in proving it qualifies as a legitimate news program."The View" is at the center of an investigation by the FCC over the agency’s equal-time rules, which prevent media from favoring certain political candidates. The investigation follows increased FCC scrutiny of political segments on entertainment programs."When you look […]

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," […]