The reduction in ship traffic through the Strait of Hormuz has had an outsize impact on global jet fuel supplies. Prices have doubled.
Paramount Skydance and Warner Bros. Discovery have agreed to delay their $111 billion merger until after a court rules on its legality, with a deadline of June 1, 2027, or five days after the ruling, whichever comes first.
Prediction market firm Kalshi demands Netflix remove trailer for "Instadocs: The Prediction Games", alleging defamation and false statements regarding a banned Nevada operation.
Two Volkswagen engineers face securities fraud charges for allegedly using insider information to profit over $300,000 from Rivian stock ahead of a joint venture announcement, undermining market fairness.
Moody's warns that the trillion-dollar annual spending on AI infrastructure by hyperscalers (Microsoft, Amazon, Alphabet, Meta, Oracle, CoreWeave) is eroding their free cash flow and increasing balance-sheet risk, despite robust demand for AI computing.
Company refutes market shutdown rumors, confirms record-breaking Phone (4b) sales, and announces restructuring with AI-native unit and regional hubs, impacting certain positions.
Major auction houses like Sotheby's and Christie's achieved nearly $10 billion in sales in the first half, marking a record start to the year. This surge is attributed to massive wealth creation from the AI boom, IPOs, and rising stocks, attracting new, younger collectors to diverse categories from fine art to dinosaur bones.
