Corporate news, financial markets, and economic trends
Kimberly-Clark plans to sell its international tissue business to Brazil’s Suzano for $3.5 billion. The move is part of the company’s effort to focus on its stronger products and grow in key markets. Kimberly-Clark Is Making a Big Move Kimberly-Clark, the well-known maker of Kleenex tissues and Huggies diapers, is about to make a major change. The company…
Paramount Global has terminated WPP as its media agency of record in a cost-cutting strategy before its $8 billion merger with Skydance Media. The move follows a wide-ranging $2 billion cost-cutting plan while the company reorganizes to tighten up operations under new Skydance leadership. Paramount Fires WPP Amid Skydance Merger, Seeks $2 Billion in Savings…
Toyota Motor shocked investors with a ¥4.7 trillion ($33 billion) bid to buy the rest of Toyota Industries and take it private. The offer sits below Tuesday’s share price, sending the stock tumbling and raising cries that smaller investors are being short-changed. Sudden Jolt on the Trading Floor Wednesday morning in Tokyo started with gasps. Toyota Industries’…
Donald Trump has rejected a $15 million offer from Paramount to settle a lawsuit over a “60 Minutes” interview with Kamala Harris. Trump is demanding not just more money, but also a public apology. The case could impact Paramount’s big merger plans. Trump Says “No Deal” to Paramount’s $15M Offer Former President Donald Trump has rejected a $15…
Economic Rebound Stretches The economic pace gained a tremendous boost in the first quarter of 2025 as official statistics recorded a 3.4% growth annualized. This is a sharp contrast from the 1.9% growth posted in the last quarter of 2024. Having dipped in performance, this shift is an indicator of new life in economic action and movement. Consumer Expenditure and Investments Drive the Economy…
Russia Marks Kyiv Day With Explosions, Not Celebration Instead of music and fireworks, Ukraine woke up to explosions. Russia launched one of its most brutal attacks yet—nearly 300 drones and over 60 missiles slammed into cities across the country. It happened on Kyiv Day, when people normally celebrate the capital’s culture and resilience. This time,…
In a new legal battle in the media world, Disney has filed a lawsuit against YouTube over the hiring of former Disney executive Justin Connolly. The entertainment giant claims the move violated Connolly’s employment contract and could jeopardize sensitive company information, particularly during crucial negotiations between the two companies. Who is Justin Connolly? Justin Connolly…
Musk Bets Big on GPUs for AI Elon Musk has made it clear: his companies Tesla and xAI will continue to buy thousands of GPUs from chip giants Nvidia and AMD. Why? Because his ambitious artificial intelligence plans—including humanoid robots and giant language models—need the computing power only these chips can deliver. “We expect to…
JPMorgan Chase CEO Jamie Dimon says President Trump’s new tariffs may cause inflation, slow growth, and weaken U.S. global partnerships. A CEO’s Candid Warning At JPMorgan Chase’s annual investor day in New York, CEO Jamie Dimon didn’t hold back. With markets still digesting the impact of President Donald Trump’s sweeping new tariffs, Dimon warned that…
Walmart customers should prepare for higher prices starting this month, as the retail giant responds to new U.S. tariffs impacting imported goods. Why Prices Are Going Up Walmart is making a move that could affect millions of households: raising prices on everyday items. The company says it has no choice but to do this because…
