Business
Latest news, analysis, and updates in business.
GameStop Sparks Chaos with $56B eBay Bid It Can’t Fund
GameStop’s $56B bid for eBay shocks markets with no clear funding plan, risking billions and sparking a major stock selloff.
4 min read
GameStop Sparks $12B Bid for eBay in Bold, Risky Play
GameStop’s audacious $12B bid for eBay could disrupt e-commerce, challenging retail giants despite the CEO’s warning it might be ‘totally foolish.’
7 min read
Spirit Airlines’ Overnight Shutdown Strands 17,000 Passengers
Spirit Airlines abruptly shut down overnight, stranding over 17,000 passengers and revealing the fragile financial state of budget carriers.
8 min read
GameStop Sparks $55.5B Hostile Bid to Snatch eBay Crown
GameStop launches a $55.5B hostile takeover bid for eBay, risking a fierce boardroom battle and reshaping the e-commerce landscape.
4 min read
Amex’s 12-Year GBT Hold Reveals Survival Bet on Business Travel
American Express’s 12-year hold on GBT was a strategic survival bet against tech disruption and margin pressure in corporate travel.
8 min read
Tyson Foods Bets on Protein Demand to Crush Beef Slump
Tyson Foods raises profit forecast, riding strong chicken and pork prices to offset a 7% decline in beef sales amid tight supply and steady demand.
4 min read
Long Lake Snaps Up Amex GBT in $6.3B Private Deal
Long Lake leads a $6.3B buyout of Amex GBT, giving shareholders a 40% premium and freeing the company to revamp away from public market pressures.
4 min read
Anthropic Sparks Shift, Squeezes Palantir’s Commercial Contracts
Anthropic’s rapid rise and $4.2B funding disrupt Palantir’s commercial contract dominance, reshaping enterprise AI competition.
8 min read
Elon Musk’s Threat Sparks AI Power Clash at OpenAI
Elon Musk’s threatening texts to OpenAI’s top execs expose a fierce power struggle that could reshape AI’s future and public trust.
6 min read
Norwegian Cruise Line Cuts Profit Forecast as Q1 Profits Plunge 44%
Norwegian Cruise Line’s Q1 profits fell 44% while revenue rose 20%, prompting an 11% cut in full-year profit guidance and a sharp stock drop.
3 min read
Nokia Dumps Wi-Fi Box Business, Sparks 8% Stock Surge
Nokia’s sale of its Wi-Fi box business ignited an 8% stock surge, marking a strategic shift toward 5G and high-value network infrastructure.
7 min read
Trump Sparks Turmoil With 25% Tariff Threat on European Cars
Trump’s 25% tariff threat on European cars could disrupt $56B in trade and reshape global auto supply chains.
8 min read