Wall Street closed its best of the year so far with a quiet finish By DAMIAN J. TROISE AP Business Writer March 22, 2024, 3:49 AM ET • 3 min read NEW YORK — U.S. stocks closed their best of the year so far with a quiet finish on Friday, remaining near their records. The … Read more
ESPN, Fox and Warner Bros. Discovery announced plans on Tuesday to launch a sports streaming platform in the fall that will include offerings from at least 15 networks and all four major professional sports leagues. A one-stop app to view most sports should be a welcome sight for fans, who continue to navigate rising costs … Read more
In a shot across the bow to the digital payments industry, the U.S. Consumer Financial Protection Bureau (the Bureau) has issued a proposed rule to expand its oversight authority to nonbank providers of consumer payment apps. These apps include digital wallets, funds transfer services, and P2P apps—for both U.S. dollar payments and, surprisingly, also bitcoin … Read more
Ahold Delhaize announced on Monday the acquisition of Profi Rom Food SRL, a leading grocery retailer in Romania. / Illustration courtesy: Ahold Delhaize Ahold Delhaize plans to acquire Profi Rom Food SRL, a leading grocery retailer in Romania, for nearly $1.4 billion in a deal that would more than double the Dutch retailer’s footprint in … Read more
Ali Ghodsi, co-founder and CEO of Databricks Inc., speaks during a Bloomberg Technology television interview in San Francisco on Oct. 22, 2019. David Paul Morris | Bloomberg | Getty Images Databricks has agreed to acquire Arcion, an enterprise data company, for about $100 million, including incentives, CEO Ali Ghodsi told CNBC ahead of an official … Read more
Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard logo in this illustration taken January 18, 2022. Dado Ruvic | Reuters Britain’s top competition watchdog on Friday gave the green light to Microsoft’s proposed $69 billion takeover of gaming firm Activision Blizzard, removing the last major hurdle for the deal to close. … Read more
Billionaire investor Bill Ackman told The Wall Street Journal he would “absolutely” do a deal with X, the social media platform previously known as Twitter. Ackman’s novel investment vehicle, called a SPARC, got regulatory approval from the Securities and Exchange Commission on Friday. Ackman posts on X regularly, on a wide range of topics, including … Read more
Arm, the U.K.-based company controlled by Japanese investment giant SoftBank, listed on New York’s Nasdaq on Thursday at an IPO price of $51 per share for a valuation of almost $60 billion. The initial buzz has since fizzled, with the stock suffering successive daily declines to close the Tuesday trading session at $55.17. Cathie Wood, … Read more
Brad Garlinghouse, chief executive officer of Ripple, speaks during the CoinDesk 2022 Consensus Festival in Austin, Texas, US, on Saturday, June 11, 2022. Jordan Vonderhaar | Bloomberg | Getty Images Cryptocurrency company Ripple announced on Friday it will acquire Fortress Trust, a startup specializing in crypto infrastructure, giving it a license in Nevada and allowing … Read more
Comcast, Disney bump up timeline for Hulu sale kickoff to September StreamTV Insider Source link