Sony Pictures and private equity firm Apollo Global Management have sent a letter to the Paramount Global board expressing interest in acquiring…
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Business
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BusinessEditor's Pick
Home prices soar even higher in February, despite higher mortgage rates, says S&P Case-Shiller
Strong demand and tight supply continue to push home values higher, even though mortgage rates are now moving higher again.…
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Arcade giant Dave & Buster’s is set to allow adults 18 and older to place real-time bets with friends on…
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BusinessEditor's Pick
Peloton CEO Barry McCarthy to step down, company to lay off 15% of staff as it looks to refinance debt
Peloton announced Thursday that CEO Barry McCarthy will be stepping down and the company will lay off 15% of its staff…
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BusinessEditor's Pick
Google lays off hundreds of ‘Core’ employees, moves some positions to India and Mexico
Just ahead of its blowout first-quarter earnings report on April 25, Google laid off at least 200 employees from its “Core” teams,…
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BusinessEditor's Pick
Johnson & Johnson to pay $6.5 billion to resolve nearly all talc ovarian cancer lawsuits in U.S.
Johnson & Johnson on Wednesday said it plans to pay $6.5 billion over 25 years to settle nearly all of the…
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BusinessEditor's Pick
Long-predicted consumer pullback finally hits restaurants like Starbucks, KFC and McDonald’s
It’s finally here: the long-predicted consumer pullback. Starbucks announced a surprise drop in same-store sales for its latest quarter, sending its shares down…
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BusinessEditor's Pick
Private payrolls increased by 192,000 in April, more than expected for resilient labor market
Private payrolls increased at a faster than expected pace in April, indicating there are still plenty of tailwinds for the…
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Trump Media shares dropped sharply Wednesday, closing down by more than 9.5%. Trump Media, which trades under the DJT ticker, closed at $45.16…
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BusinessEditor's Pick
Trump tariffs, tax cuts and interest rates likely to fuel inflation, Wall Street and economists agree
Former President Donald Trump is building a second-term economic agenda that analysts say could reheat the very inflation that he has slammed President Joe Biden for…