Corporate news, financial markets, and economic trends
A Strike That Shook the Markets Just before dawn, some 200 Israeli warplanes flew into Iranian airspace in a stunning and simultaneous military strike. Their mission: Iranian nuclear and military installations. The attack targeted various sites, such as missile factories and buried bunkers, and reportedly killed a number of top Iranian commanders, including Revolutionary Guards…
A sudden escalation in Middle East tensions sent shockwaves through the crypto market early Thursday. Following Israeli airstrikes on Iranian military targets, digital assets faced a rapid sell-off. It took less than an hour for the crypto market to unravel, with about $335 million wiped out through forced liquidations as traders rushed to cut their losses. Bitcoin plunged,…
Nintendo has announced another blockbuster success: the Nintendo Switch 2 became the company’s fastest-selling console ever, with over 3.5 million units sold worldwide in its first four days, breaking all previous Nintendo hardware records. Demand Surges at Launch Debuting on June 5, 2025, the Switch 2 sold an astonishing 3.5 million units, making it Nintendo’s strongest first four days ever, outpacing original Switch, Wii…
A Corporate Giant Enters the Ring As New York City’s mayoral primary comes into high gear, Airbnb is being felt–but not in the way of donations or endorsements, rather through a big-budget, highly targeted online assault. The company’s connected super PAC, Affordable New York, has begun a $1 million advertising campaign specifically targeting three liberal…
More than a decade after Hulu launched as a joint streaming venture between legacy media companies, Disney has now taken full ownership of the platform, closing the final chapter on a long, complex corporate saga. On Monday, Disney made an additional $438.7 million payment to NBCUniversal, sealing the deal that began with a 2019 put/call arrangement between the two…
Stock markets across Asia went up as people felt more hopeful about upcoming trade talks between the U.S. and China. Positive job news from the U.S. also helped boost investor confidence. A Fresh Start to the Week for Asian Markets Early in the week, Asian stock markets rose because investors grew more hopeful about the future. This growth appeared before…
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…
