Newsroom
Paramount reaches settlement with states on $110B WBD deal, sending shares soaring
Paramount avoids a divestiture of CNN and CBS, scoring one of the largest-ever media and entertainment mergers
The chief economist of the European Central Bank sees a "second wave" of price increases and expects inflation to remain higher for longer
Philip Lane, the chief economist of the European Central Bank, says that a "second wave" of price increases for oil and gas will keep euro area inflation higher for longer and put upward pressure on other prices.
Greenland-linked stocks rally on U.S.-Denmark deal
U.S.-listed stocks that involve development in Greenland are surging following the announcement of a U.S.-Denmark agreement over the Arctic island.
Buffett steps down as Berkshire chairman; son Howard elected chair
Berkshire Hathaway announced the resignation of Warren Buffett as chairman effective Sept. 18; he remains a director. Howard G. Buffett, a director since 1993, is now chairman
Fed returns to rate hikes after 3-year pause, raising its key interest rate by 0.25 percentage points
The Federal Reserve voted 12-0 on Sept. 16 to raise the federal funds target 25 bp to 3.75%–4.00%, the first hike since 2023. The median year-end 2026 funds-rate projection rose to 4.1%, up from 3.8% in June.
Unsealed documents in Google's antitrust case outline "behavioral" remedies that Google must comply with
Unsealed court documents reject a forced sale of Google's Ad Exchange and instead order interoperability with competing solutions and data sharing with publishers.
OpenAI weighs pre-IPO round at $1.2 trillion-plus valuation. The company wants at least $1.5 trillion
Investors have proposed a funding round valuing OpenAI at about $1.2 trillion. The New York Times reports OpenAI wants at least $1.5 trillion.
EU plans sweeping new limits on social media for minors
The EU is preparing new rules to limit how children and teenagers use social media, gaming platforms, and AI chatbots. The act is expected to be introduced on Thursday.