The $12 billion video game retailer wants to buy the $46 billion e-commerce giant for $56 billion. Ryan Cohen says TD Bank is good for $20 billion. The remaining $27 billion is, presumably, a creative exercise.
A Hangzhou court has declared that replacing an employee with AI is not lawful grounds for termination — the first appellate ruling of its kind globally, from a country better known for chasing AI dominance than defending workers from it.
Iranian drone strikes damaged three Amazon data centers in the UAE and Bahrain two months ago. AWS has stopped billing affected customers — at an estimated cost of $150 million — and warns full recovery could stretch to nearly six months.
Ford faces $1 billion in added commodity costs from the Iran war, and GM expects up to $2 billion more. The $5 billion combined shock is working through petrochemicals, aluminum, and paint — and hasn't reached showroom prices yet.
Seven OPEC+ nations agreed to raise output by 188,000 barrels per day in June. None of those barrels can leave the Gulf. The cartel is talking to futures markets, not to tankers.
Greg Abel's first quarter as CEO produced record profit and a record $380 billion cash hoard. Fourteen straight quarters of stock sales suggest the new boss isn't changing strategy — he's perfecting it. The question is whether patience this extreme is discipline or surrender.
At 1 AM, flight attendants got the message: Spirit ceases to exist in two hours. A $500M Trump bailout couldn't overcome creditors — or jet fuel prices that doubled when the Iran war choked off a fifth of global oil supply.
Jet fuel prices have doubled since February. Transavia is cancelling flights, Lufthansa is axing 20,000 routes, and the bill for the Strait of Hormuz blockade is landing at European departure gates.
A currency pack with zero concurrent players outranks the vast majority of Steam's catalog. The charts aren't broken — they're just not measuring what you think.
GameStop is worth $11 billion. eBay is worth $46 billion. Ryan Cohen wants to buy it anyway. The details of how — like the offer itself — remain conspicuously absent.
The deal Trump personally struck at his Scottish golf resort lasted 10 months. Now 25% tariffs on European cars — announced via social media, with no explanation of what 'non-compliance' means.
Spirit's stock closed Friday at $0.51 — less than its own carry-on bag fee. The $500 million rescue deal is dead. Twenty-five thousand jobs just got a lot less certain.
13.69% quarterly GDP growth — a number usually reserved for catch-up economies — just came out of a $922 billion island. Global AI spending wrote every digit.
$111 billion in a single quarter, and the CEO is walking out the door. The memory chip shortage coming for Apple's next chapter won't care how orderly the succession was.
Meta beat revenue estimates by nearly a billion dollars and grew sales 33%. Then it told investors it might spend $145 billion on AI this year, and $175 billion in market value vanished.
Japan bought yen for the first time since 2024, sending the currency surging 3% in hours. By Friday, it was already giving ground. Tokyo is now fighting a war-driven oil shock, a yawning interest-rate gap, and speculators who have learned to expect failure.
Berkshire shares have fallen 12% since Buffett announced he was stepping aside. His replacement now controls 94% of a $300 billion stock portfolio and a $373 billion cash pile — and investors are running out of patience.
Standard Chartered posted record profits and a $190 million war charge on the same day oil breached $126. Somebody's cashing in on the Iran war — and everybody else is paying for it.
The UAE just stripped OPEC of its third-largest producer — and did it while Iran chokes 20 percent of global oil supply through the Strait of Hormuz. The cartel's math may not survive this.
Mark Zuckerberg says he doesn't have "a very precise plan" for monetizing AI. He's raised Meta's spending forecast to $145 billion anyway. Across four companies, the annual AI infrastructure tab now tops $600 billion.
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