Business
All the latest news stories about the business world: mergers, IPOs, trends, personalities, and more
Delta and United Urge Congress to End Government Shutdown
Delta Air Lines and United Airlines are calling on Congress to immediately end the government shutdown and restore pay to air traffic controllers.
Report: OpenAI Lays Groundwork for Potential $1 Trillion IPO
According to exclusive reporting from Reuters, OpenAI is reportedly preparing for an initial public offering that could value the company at up to $1 trillion.
Netflix Announces 10-for-1 Stock Split to Make Shares More Accessible
Netflix is splitting its stock 10-for-1, giving shareholders nine additional shares for each one they own as of November 10th.
The Compliance Revolution: Closing the Risk Blind Spots with a 360-Degree Strategy
Goutam Nadella, Chief Product Officer at Smarsh, discusses the 360-degree view of risk in the context of compliance.
Big Business This Week: Building “deep tech” that matters
Maybe it’s not high-tech that’s the answer to improving the world, maybe it’s actually… “deep tech.”
Meta Doubles Down on A.I. Spending as Zuckerberg Defends New Investments
Meta CEO Mark Zuckerberg defended the company’s heavy A.I. spending, saying it’s better to invest “too much than too little”.
Alphabet Tops $100 Billion in Quarterly Revenue for the First Time as Profits Soar
Google’s parent company Alphabet reported its first-ever quarter with more than $100 billion in revenue.
Paramount to Lay Off 2,000 Employees Following $8 Billion Skydance Merger
Paramount has begun layoffs affecting about 2,000 employees, or roughly 10% of its workforce, just months after completing its $8 billion merger with Skydance.
Trump cuts tariffs on China after meeting Xi in South Korea
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Universal Music and AI song generator Udio partner on new AI platform
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
YouTube Offers Voluntary Buyouts Amid A.I.-Driven Restructuring of Product Teams
YouTube is offering voluntary buyouts to U.S. based employees as it reorganizes its product division for the first time in a decade to prioritize A.I.
Samsung reports 32% rise in operating profit and predicts more growth
Samsung Electronics has reported a 32.5% increase in operating profit for the third quarter.
Starbucks halts 2-year sales slide, but costly improvements hurt its profits
Starbucks halted a long sales slide in its fiscal fourth quarter as fall drinks and improved service brought customers back to its stores.
The underdiscussed pure profit enterprise of movie rereleases
With rereleases being pure profit, why aren’t studios always doing them?
Why Consumers Are Hitting “Cancel”: Inside the Subscription Fatigue Era
Bank of America economist David Tinsley explains why streaming costs have consumers hitting cancel faster than play.
Nvidia has started the $5 trillion club. A look at its rise, by the numbers
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
PayPal Gets Smart: ChatGPT Can Now Be Your Personal Shopping Mall
PayPal is jumping into the AI shopping game by embedding its digital wallet directly into ChatGPT.
