Business

Paramount Settlement Clears Path for Warner Bros. Acquisition Business

Paramount Settlement Clears Path for Warner Bros. Acquisition

Paramount settled antitrust challenges from 12 states and Hollywood writers, accepting film-output, investment, worker and editorial safeguards as it moves toward buying Warner Bros. Discovery.

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UK Inflation Rises to 3.1% as Fuel Costs Surge Ahead of Bank Decision Business

UK Inflation Rises to 3.1% as Fuel Costs Surge Ahead of Bank Decision

August inflation reached a five-month high, while underlying price measures held steady before the Bank of England’s September 17 decision.

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US Senate Blocks Clarity Act, Stalling Crypto Industry’s Push for Federal Rules Business

US Senate Blocks Clarity Act, Stalling Crypto Industry’s Push for Federal Rules

A failed Senate procedural vote leaves the crypto industry waiting for a federal framework as lawmakers clash over presidential financial interests.

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US 10-Year Treasury Yield Reaches 5% Ahead of Fed Meeting Business

US 10-Year Treasury Yield Reaches 5% Ahead of Fed Meeting

The benchmark briefly reached its highest level since 2023, increasing pressure on borrowing costs before the Federal Reserve meets September 15–16.

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Saudi Pipeline Shutdown Puts Oil Exports at Risk as Stocks Dwindle Business

Saudi Pipeline Shutdown Puts Oil Exports at Risk as Stocks Dwindle

Buyers and traders warn that a prolonged Saudi pipeline outage could remove up to 4% of global oil supply as export stocks run down.

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Brent Crude Settles Above $100 as US-Iran Tanker Attacks Escalate Business

Brent Crude Settles Above $100 as US-Iran Tanker Attacks Escalate

Brent crude closed at $101.21 as tanker attacks intensified, disrupting Gulf supply routes and raising fuel, inflation and market risks worldwide.

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Apple Faces AI Test as Foldable iPhone Takes Center Stage Business

Apple Faces AI Test as Foldable iPhone Takes Center Stage

Apple's first major event under CEO John Ternus puts its expected foldable phone and delayed AI ambitions under close investor scrutiny.

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EverBank and WaFd Agree $3.9 Billion Merger to Create $75 Billion Bank Business

EverBank and WaFd Agree $3.9 Billion Merger to Create $75 Billion Bank

EverBank and WaFd agreed to a $3.9 billion reverse merger that would create a regional US bank with about $75 billion in assets and more than 250 locations.

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OPEC+ Holds October Oil Output Steady After Six Months of Increases Business

OPEC+ Holds October Oil Output Steady After Six Months of Increases

Seven OPEC+ producers kept October oil requirements at September levels as conflict disrupts trade and talks turn to 2027 quotas.

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Pentagon Venezuela Oil Deal Draws Scrutiny Over Key Partner Business

Pentagon Venezuela Oil Deal Draws Scrutiny Over Key Partner

A Reuters investigation has intensified scrutiny of the Pentagon's stake in a vast Venezuelan oil venture led by a businessman previously investigated but never charged.

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US Job Growth Surges and Reshapes Fed Rate Outlook Business

US Job Growth Surges and Reshapes Fed Rate Outlook

U.S. payrolls rose by 162,000 in August, lifting expectations of a September Federal Reserve rate increase and sending stocks lower.

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Fed's Waller Signals Rate Pause if Inflation Keeps Cooling Business

Fed's Waller Signals Rate Pause if Inflation Keeps Cooling

Fed Governor Christopher Waller says cooling August inflation could justify holding rates steady, while hotter data could prompt a September increase.

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