New York Fed met with Wall Street firms about key lending facility: FT
A street sign is seen near the New York Stock Exchange (NYSE) in New York City, New York, U.S., August 7, 2025. Eduardo Munoz | Reuters New York Federal Reserve President John Williams met with Wall Street’s dealers last week about a key lending facility, the Financial Times reported, citing Continue Reading
DraftKings signs with Disney unit, replacing Penn
The ESPN Bet logo on a laptop arranged in New York, US, on Thursday, Feb. 22, 2024. Gabby Jones | Bloomberg | Getty Images Disney’s ESPN is swapping out its sports betting partner. In separate releases Thursday, the company said it was terminating its agreement with Penn Entertainment years earlier Continue Reading
Paramount Skydance expects another $1B in merger savings
Paramount Global and Skydance logos are seen in this illustration taken December 17, 2024. Dado Ruvic | Reuters Paramount Skydance said on Monday it expects $1 billion more in merger savings than it previously forecast as it outlines CEO David Ellison’s ambitions for the company. The update came in Paramount’s Continue Reading
Disney (DIS) earnings Q4 2025
A statue of Walt Disney and Mickey Mouse stands in a garden in front of Cinderella’s Castle at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida. Gary Hershorn | Corbis News | Getty Images Disney reported fiscal fourth-quarter earnings on Thursday that topped Continue Reading
Under Armour splits with Steph Curry
Stephen Curry #30 of the Golden State Warriors looks on during the game against the Sacramento Kings during the 2024 Play-In Tournament on April 16, 2024 at Golden 1 Center in Sacramento, California. Rocky Widner | National Basketball Association | Getty Images Under Armour and Stephen Curry have mutually agreed Continue Reading
Trump’s threatened the BBC with a $1B lawsuit: Here’s what’s going on
US President Donald Trump speaks to reporters as he arrives at Palm Beach International Airport on Oct. 31, 2025 in West Palm Beach, Florida. Samuel Corum | Getty Images U.S. President Donald Trump is once again on the warpath against a major global media company, having threatened the BBC with Continue Reading
Tesla recalls 10,500 Powerwall 2 systems due to overheating, fire risk
Tesla’s Powerwall 2 Source: Tesla Tesla is recalling around 10,500 units of its Powerwall 2, a backup battery for residential use, according to a U.S. Consumer Product Safety Commission disclosure out Thursday. “The lithium-ion battery cells in certain Powerwall 2 systems can cause the unit to stop functioning during normal Continue Reading
‘Godfathers of wind’ raise alarm amid Trump’s attacks on renewables
US President Donald Trump (L), backdropped by Turbines at the European Offshore Wind Deployment Centre, also known as the Aberdeen Bay Wind Farm, walks on the first fairway after playing off the first tee to officially open the Trump International Golf Links course in Balmedie, Aberdeenshire, north east Scotland on Continue Reading
Anthropic announces $50 billion AI spend, two U.S. data centers
Anthropic announced plans Wednesday to spend $50 billion on a U.S. artificial intelligence infrastructure build-out, starting with custom data centers in Texas and New York. The facilities, which will be designed to support the company’s rapid enterprise growth and its long-term research agenda, will be developed in partnership with Fluidstack. Continue Reading
Soaring electricity prices fuel backlash against AI data centers
A power substation near the LC1 CloudHQ data center in Ashburn, Virginia, on March 27, 2024. Nathan Howard | Bloomberg | Getty Images Voter anger at surging electricity prices is fueling political backlash against the artificial intelligence industry’s data centers, with Democrats accusing the Trump administration of failing to address Continue Reading