Netflix Inc (NASDAQ: NFLX) remains in focus today after Jonathan Kanter dubbed its 80% cash bid for Warner Bros. Discovery assets the “hardest from a regulatory perspective.”Kanter served as assistant attorney general for the DOJ under the Biden administration. His remark arrives shortly after CNBC confirmed NFLX is emerging as…
Escalating military tensions between the US and Venezuela are poised to significantly impact benchmark crude oil prices, as the Trump administration intensifies pressure on Nicolas Maduro’s regime and hints at the possibility of a US incursion.“The loss of Venezuelan volumes would likely result in stronger crude oil prices in the…
Activist investor Elliott Management is close to reaching a settlement agreement with PepsiCo, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The deal’s contours remain unclear, but a resolution would mark the latest in a series of engagements between one of the world’s most influential…
Shares in Ocado rose more than 9.5% on Friday, placing the stock among the top gainers on the FTSE 250, after the British online grocer and technology firm said it would receive a one-off $350 million cash payment from long-time US partner Kroger. The payment follows Kroger’s decision to close…
Tesla has introduced a lower priced Model 3 Standard in Europe, expanding its range at a time when buyers are seeking more affordable electric vehicles. The update appeared on the company’s website on Friday, only a few months after the same variant debuted in the United States. By offering a…
Moore Threads’ blockbuster Shanghai debut has ignited talk of a credible Chinese challenger to Nvidia.The Beijing-based chipmaker has raised roughly ¥8 billion ($1.1 billion) with shares soaring more than 500% on the first day.The massive rally displays that the investors have high confidence about China bridging the technology gap faster…
Activist investor Elliott Management is close to reaching a settlement agreement with PepsiCo, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The deal’s contours remain unclear, but a resolution would mark the latest in a series of engagements between one of the world’s most influential…
Shares in Ocado rose more than 9.5% on Friday, placing the stock among the top gainers on the FTSE 250, after the British online grocer and technology firm said it would receive a one-off $350 million cash payment from long-time US partner Kroger. The payment follows Kroger’s decision to close…
Baidu is exploring a Hong Kong listing for its Kunlunxin AI chip arm, as per a Bloomberg report. The move comes at a time when Beijing is intensifying efforts to reduce its reliance on US hardware, and companies across the sector are trying to strengthen their position in a market…