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(Bloomberg) — Paramount Skydance Corp. has settled lawsuits brought by 12 state attorneys general and the Writers Guild trade union, a move that will allow the company to close its historic $110 billion acquisition of Warner Bros. Discovery Inc. Most Read from Bloomberg The parties worked through the weekend to reach the deal, which includes…
Nscale Limited filed for an initial public offering on the New York Stock Exchange last week, revealing that Microsoft and Anthropic together account for 85% of its $103 billion in total contract value, according to Bloomberg. The British AI infrastructure company, which builds data centers for AI services, has signed multiple agreements with Microsoft since…
Nscale, a cloud computing rival of CoreWeave (CRWV) and Nebius (NBIS), has filed for an initial public offering in New York. The U.K.-based company filed its S-1 for Nscale stock late Friday and aims to raise up to $3 billion at a valuation of approximately $30 billion. Nscale is among a wave of artificial intelligence…
October WTI crude oil (CLV26) is down -4.78 (-4.77%) today, and October RBOB gasoline (RBV26) is down -0.0319 (-0.90%). Crude oil and gasoline prices are sharply lower today, with crude dropping to a 1.5-week low. Crude prices are retreating in hopes that diplomacy will end hostilities in the Middle East and that an increase in…
Greenland-linked rare earth stocks Critical Metals (CRML) and Greenland Mines (GRML) surged on Monday morning, following President Donald Trump’s Friday announcement of a security agreement with Denmark. Analysts have speculated that the U.S. government could invest in Greenland’s mining sector, a possibility that may be more likely following a deal that gives the U.S. a…
When the Federal Reserve recently raised interest rates by a quarter point to a range of 3.75% to 4.00%, many wondered what President Trump’s response would be. After all, Trump has been calling on the Fed to cut borrowing costs for more than a year, even before his pick to lead the Federal Open Market…
Several counts against Super Ego’s Aleksandar Mimic have been dismissed by a federal judge, with settlement talks in the lawsuit against the controversial trucking network reportedly progressing. In a decision last week in the U.S. District Court for the Northern District of Illinois, Judge Martha Pacold tossed out several of the counts in a lawsuit…
The S&P 500 Index ($SPX) (SPY) is up by +0.93% today, the Dow Jones Industrial Average ($DOWI) (DIA) is up by +0.39%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.97%. December E-mini S&P futures (ESZ26) are up +1.00%, and December E-mini Nasdaq futures (NQZ26) are up +2.14%. Stock indexes are rising today, with…
Dow Jones futures will open Sunday evening with big artificial intelligence leaders calling for slowing AI model development, citing growing risks. Crude oil prices, Treasury yields and the upcoming Federal Reserve meeting also are in focus. The stock market fell last week, but rebounded Friday, with Apple (AAPL), Moderna (MRNA) and NetApp (NTAP) flashing buy…
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