The high-stakes partnership between Microsoft and OpenAI is showing fresh signs of strain after reports that Microsoft is weighing legal action over a massive cloud agreement between OpenAI and Amazon. According to a report cited this week, Microsoft is considering whether a reported $50 billion deal involving Amazon Web Services and OpenAI could violate its Read More…
U.S. stocks fell again this week, extending Wall Street’s losing streak to four straight weeks as rising oil prices, stubborn inflation concerns and fading hopes for near-term Federal Reserve rate cuts pushed investors into a more defensive posture. By Friday’s close, the S&P 500 had fallen 1.9% for the week, while the Dow Jones Industrial Read More…
A federal jury in San Francisco found Elon Musk liable for misleading Twitter investors during his 2022 bid to buy the company, concluding that some of his public statements improperly affected the stock price while the $44 billion takeover was still in dispute. Jurors, however, rejected broader allegations that Musk carried out a larger scheme Read More…
A sharp jump in oil prices emerged as one of the biggest business stories of the week, rattling financial markets and renewing fears that higher energy costs could fuel inflation, squeeze consumers and slow economic growth. The surge was driven by escalating disruption across the Middle East tied to the war involving Iran. Concerns over Read More…
Micron Technology posted strong quarterly results this week, driven by booming demand for AI-related memory chips, but the company’s stock slipped as investors focused on sharply higher capital spending plans needed to keep up with that demand. For its fiscal second quarter ended Feb. 26, Micron reported revenue of $23.86 billion, up sharply from a Read More…
The high-stakes partnership between Microsoft and OpenAI is showing fresh signs of strain after reports that Microsoft is weighing legal action over a massive cloud agreement between OpenAI and Amazon. According to a report cited this week, Microsoft is considering whether a reported $50 billion deal involving Amazon Web Services and OpenAI could violate its Read More…
U.S. stocks fell again this week, extending Wall Street’s losing streak to four straight weeks as rising oil prices, stubborn inflation concerns and fading hopes for near-term Federal Reserve rate cuts pushed investors into a more defensive posture. By Friday’s close, the S&P 500 had fallen 1.9% for the week, while the Dow Jones Industrial Read More…
Super Micro Computer shares plunged 33% Friday after federal prosecutors charged company co-founder Wally Liaw and two others in a scheme to illegally divert advanced Nvidia-powered servers to China, intensifying new scrutiny on the server maker’s compliance controls and corporate governance. The sharp selloff marked one of the steepest single-day drops in the company’s history Read More…
A federal jury in San Francisco found Elon Musk liable for misleading Twitter investors during his 2022 bid to buy the company, concluding that some of his public statements improperly affected the stock price while the $44 billion takeover was still in dispute. Jurors, however, rejected broader allegations that Musk carried out a larger scheme Read More…
A sharp jump in oil prices emerged as one of the biggest business stories of the week, rattling financial markets and renewing fears that higher energy costs could fuel inflation, squeeze consumers and slow economic growth. The surge was driven by escalating disruption across the Middle East tied to the war involving Iran. Concerns over Read More…
U.S. stocks closed lower this week as investors grappled with renewed uncertainty around interest rates, economic growth, and upcoming corporate earnings. The broad market benchmark, the S&P 500, posted a weekly decline, with selling pressure building in the latter part of the week. The SPDR S&P 500 ETF (SPY), which tracks the index, ended near Read More…
Paramount Skydance has agreed to acquire Warner Bros. Discovery in a blockbuster $110 billion deal, bringing an end to a high-profile bidding war after Netflix withdrew from negotiations with the HBO Max parent company. The transaction carries an equity value of approximately $81 billion and is expected to close in the third quarter of 2026, Read More…
U.S. regional banks are entering the new quarter facing a more complicated interest-rate environment, as moderating inflation and growing expectations for Federal Reserve rate cuts reshape lending dynamics and profitability outlooks. After two years of higher borrowing costs boosted net interest margins—the spread between what banks earn on loans and pay on deposits—many lenders are Read More…
Officials at the Federal Reserve this week reinforced a cautious, data-dependent stance on interest rates, tempering investor expectations for rapid easing despite cooling inflation. In public remarks following the latest Consumer Price Index report, policymakers indicated they are encouraged by moderating price pressures but want clearer evidence that inflation is sustainably returning to the Fed’s Read More…
Energy markets faced renewed pressure this week as crude prices softened amid mixed signals on global demand and steady U.S. production. Benchmark West Texas Intermediate crude drifted lower, weighing on shares of major producers and oilfield services companies. Analysts cited cautious demand forecasts from Asia and Europe, along with stable output from U.S. shale basins, Read More…
U.S. stocks closed the week modestly higher, buoyed by a softer-than-expected inflation report that reinforced investor bets the Federal Reserve could begin cutting interest rates later this year. The S&P 500 notched a weekly gain, supported by advances in technology and consumer discretionary shares. The Nasdaq Composite outperformed, lifted by megacap growth stocks, while the Read More…
Canadian Prime Minister Mark Carney wants his nation’s auto industry to look far beyond its usual American market with investments in electric vehicles and other trade partners. U.S. tariffs have hit Canada hard, prompting a shift in Canada’s economic strategy. This pivot has already frustrated U.S. President Donald Trump, who threatened 100% tariffs on Canada Read More…
The War Department announced today that 25 vendors have been selected to compete in Phase I of the Drone Dominance Program (DDP), a sweeping acquisition reform initiative aimed at rapidly fielding low-cost, unmanned one-way attack drones at scale to strengthen America’s Arsenal of Freedom. The program reflects one of Secretary of War Pete Hegseth’s core Read More…
Thirteen farmers from Kansas and Colorado, along with Weskan Grain and Colorado Pacific Railroad (CXR), filed an antitrust lawsuit Tuesday in the U.S. District Court for the District of Kansas alleging that Kansas & Oklahoma Railroad (K&O) and Union Pacific Railroad Company (UP) conspired to block competition and inflate grain transportation costs across the region. Read More…
(The Center Square) – Many businesses across Minnesota closed today as part of an ‘economic blackout’ to protest U.S. Immigration and Customs Enforcement. This comes in response to calls from community leaders, activists, and union leaders for the event, which has been dubbed “ICE Out of Minnesota: Day of Truth and Freedom.” “The ICE surge that Read More…
(The Center Square) – The second largest natural gas producer in northwest Louisiana and east Texas has sold its assets to Japanese conglomerate Mitsubishi. Aethon, a Dallas-based company that operates in the prolific Haynesville shale formation, agreed to a deal worth approximately $7.5 billion, according to an announcement on Friday. Mitsubishi agreed to pay $5.2 Read More…
OpenAI and SoftBank Group Corp. are jointly investing $1 billion in SB Energy, the infrastructure company helping build out the United States’ next generation of artificial intelligence data centers. Under the agreement, OpenAI and SoftBank will each contribute $500 million to support SB Energy’s growth as a data center developer and operator, the companies announced Read More…
Berkshire Hathaway announced Friday that it has completed its $9.7 billion acquisition of OxyChem from Occidental Petroleum (OXY). OxyChem, a leading chemical manufacturer, will continue to be led by Wade Alleman, OxyChem’s president and chief executive officer, according to Berkshire Hathaway. https://bigskyheadlines.com/wp-content/uploads/2025/09/MVD-office15.mp4 The acquisition expands Berkshire Hathaway’s portfolio in the industrial and chemical sectors and Read More…
Warren Buffett, one of the most influential investors in history, has retired as chief executive officer of Berkshire Hathaway, marking the end of a more than six-decade run that reshaped American business and investing. Buffett, 95, officially stepped down as CEO at the start of the year, handing day-to-day leadership of the Omaha-based conglomerate to Read More…
Wall Street finished the first full trading week of 2026 on a mixed note, with major U.S. indexes posting modest losses for the week as investors digested the end of the holiday trading lull and looked ahead to key economic data and corporate news. Stocks start the year with modest gains but weekly lossesThe Dow Read More…
U.S. stock markets delivered a strong holiday-week performance as major indexes climbed and closed at or near record highs ahead of Christmas, even as trading volumes were light during the shortened session. The Dow Jones Industrial Average and the S&P 500 both hit fresh record closing levels midweek, part of a broad advance across equities Read More…
JPMorgan Chase (JPM.N) CEO Jamie Dimon signaled his backing for former Federal Reserve Governor Kevin Warsh as the next chair of the U.S. central bank, the Financial Times reported Friday. The comments come amid ongoing speculation over President Donald Trump’s choice to lead the Federal Reserve. Earlier Friday, Trump said he was leaning toward either Read More…
SpaceX is moving closer to a public listing, with a secondary share sale indicating a company valuation of $800 billion, according to a letter to shareholders from CFO Bret Johnsen reviewed by Reuters. The Elon Musk-led aerospace company is preparing to go public as early as next year. The move, potentially one of the largest Read More…
Bitcoin-focused company Strategy (MSTR.O) maintained its place in the Nasdaq 100 index on Friday, continuing its year-long presence in the benchmark despite growing questions from analysts over its business model. Some market observers have suggested that Strategy’s pioneering approach of buying and holding bitcoin, which has inspired numerous copycat firms, resembles an investment fund more Read More…
President Donald J. Trump signed an Executive Order aimed at curbing the influence of proxy advisory firms that critics say have prioritized political agendas over the financial interests of American investors. The move is intended to protect retirement savings in 401(k)s, IRAs, and pensions from policies driven by “diversity, equity, and inclusion” (DEI) and “environmental, Read More…
paceX has informed investors and financial institutions that it plans to pursue an initial public offering (IPO) in the second half of 2026, according to a report by The Information on Friday. The rocket company, founded by Elon Musk, is reportedly considering a public listing of the entire company, which could include Starlink, its growing Read More…
Volkswagen Group will invest 160 billion euros—approximately $186 billion—through 2030 as the automaker tightens its long-term spending plans in response to mounting challenges in its two largest markets, CEO Oliver Blume announced this week. The updated figure is part of Volkswagen’s annual rolling five-year investment plan and reflects a continued pullback from previous spending peaks. Read More…
Meta Platforms Inc., the parent company of Facebook, has entered into a series of commercial AI agreements with prominent news publishers, including USA Today, People Inc., CNN, Fox News, The Daily Caller, Washington Examiner, and Le Monde, the company announced Friday. The partnerships will allow Meta to provide “real-time” news and updates through its AI Read More…
Warner Bros Discovery (WBD) has agreed to sell its iconic studio and streaming assets to Netflix (NFLX) for $72 billion, a blockbuster deal that will reshape Hollywood and create a vertically integrated media powerhouse. The deal ends a weeks-long bidding war with Paramount Skydance and Comcast, coming amid sweeping changes in the media industry as Read More…
Google on Friday withdrew its European Union antitrust complaint targeting Microsoft’s cloud computing practices, just a week after EU regulators opened an investigation into whether Microsoft should face scrutiny under rules designed to curb market dominance in the sector. The EU’s move, announced last week, signaled growing concern about Microsoft’s influence in cloud services, including Read More…
Warburg Pincus has reached an agreement to acquire a majority stake in Raptor Technologies from private equity firm Thoma Bravo, in a transaction valuing the school safety software provider at roughly $1.8 billion, according to people familiar with the negotiations. Sources said the deal could be announced imminently. They requested anonymity because the details are Read More…
Shares of companies that stockpile bitcoin and other digital tokens are coming under renewed pressure as fresh volatility sweeps through the cryptocurrency market, raising concerns about stress in a niche but rapidly expanding corner of the financial world. The selloff follows months of enthusiasm fueled in part by President Donald Trump’s pro-crypto stance and the Read More…
Starbucks’ workers’ union significantly widened its ongoing strike on Black Friday, extending the walkout to more than 120 stores nationwide—nearly double the number that began the action earlier this month—amid demands for better pay and improved staffing levels. The strike, which the union says is now the longest in Starbucks’ history, began on Nov. 13 Read More…
Billionaire investor Bill Ackman is preparing to take his hedge-fund empire public in a bold two-step move, the Wall Street Journal reported Friday, citing people familiar with the matter. Ackman is in early-stage discussions to list both his flagship Pershing Square Capital Management and a new closed-end fund, Pershing Square USA, on the New York Read More…
Eli Lilly (LLY.N) hit a historic milestone on Friday, becoming the first pharmaceutical company to reach a $1 trillion market valuation, fueled by soaring demand for its weight-loss treatments. The achievement places Lilly in the rarefied ranks of U.S. companies with trillion-dollar valuations, a group historically dominated by tech giants like Apple, Microsoft, and Amazon. Read More…
Walt Disney Co. and Google’s YouTube TV have reached a new distribution agreement, ending weeks of disruptions that left millions of viewers without access to Disney-owned channels during major news and sporting events — including coverage surrounding U.S. Election Day. The dispute, which centered on carriage fees, resulted in the temporary removal of popular Disney Read More…
Some of Wall Street’s largest hedge funds reduced their exposure to high-flying “Magnificent Seven” stocks during the third quarter, according to newly released regulatory filings, while adding positions in application software, e-commerce, and payments companies. The group of tech giants — including Nvidia, Amazon, Alphabet, and Meta — has driven much of the market’s gains Read More…
Walmart Inc. (WMT.N) CEO Doug McMillon will retire next year after more than a decade leading the retail giant, capping a period during which he transformed the company into a technology-driven powerhouse. Under McMillon’s tenure, Walmart’s shares have consistently outperformed the broader market, analysts note. McMillon, 59, will be succeeded by John Furner, 51, who Read More…
(The Center Square) – With Chicago’s downtown office vacancy rate now at a record-high 28%, Illinois Policy Institute researcher LyLena Estabine says city policymakers have become their own worse enemy when it comes to addressing the area’s changing demographics. New data shows Loop vacancies ballooned over the recent third quarter as post-pandemic work trends continue Read More…