GameStop has made a $55.5 billion bid to acquire eBay, in a move aimed at building a serious rival to Amazon, according to a report by CNN. GameStop offered $125 per share, combining cash and stock, representing a 46 percent premium, the report said. CEO Ryan Cohen stated the
Elon Musk’s reported compensation at Tesla reached a staggering $158 billion for 2025, according to a regulatory filing cited by Bloomberg. The figure comes months after more than 75 percent of shareholders approved a massive stock-based pay package. However, the report said the headline number does not reflect actual
The US Department of Defense has signed new artificial intelligence agreements with seven major tech firms, excluding Anthropic, which remains at odds with the Trump administration, as reported by CNN. The companies include OpenAI, Google, Microsoft, Nvidia, Amazon Web Services, SpaceX, and Reflection. The report said the deals will allow
US and global semiconductor stocks surged sharply in April, rebounding from earlier investor concerns over artificial intelligence spending, as reported by CNBC. The PHLX Semiconductor Sector Index jumped more than 35 percent after falling in March, signaling renewed confidence in the AI-driven growth cycle. Major players such as Intel, Nvidia,
Profits at Exxon Mobil and Chevron fell sharply in the first quarter despite a surge in global oil prices triggered by the Iran conflict, as reported by CNBC. Exxon’s net income dropped 45 percent year on year, while Chevron’s fell 36 percent, according to the report. The report
Iran’s prolonged internet shutdown is crippling its already fragile economy, cutting off millions from digital livelihoods, as reported by Associated Press. Authorities have restricted access to the global web for most of 2026, describing the move as a wartime necessity despite a temporary truce with the United States and
Apple Inc is set to report its fiscal second-quarter earnings, marking its first results since CEO Tim Cook announced he will step down after 15 years, according to analyst estimates compiled by LSEG. Investors expect revenue of $109.7 billion and earnings per share of $1.95. Wall Street is
Shares of Alphabet Inc. jumped more than 6%, while Meta Platforms fell 9% after both companies raised capital spending plans tied to artificial intelligence, according to analyst commentary and earnings updates. Alphabet beat first-quarter revenue estimates, driven by strong growth in its cloud division. The report said Google Cloud revenue
The European Commission has found that Meta may be violating EU law by failing to adequately prevent children under 13 from accessing Facebook and Instagram, according to findings reported by CNBC. The Commission said Meta breached the Digital Services Act because its age verification systems are weak. The report said
The Federal Communications Commission is preparing to challenge broadcast licenses held by ABC and parent The Walt Disney Company, escalating tensions with President Donald Trump over late-night host Jimmy Kimmel, according to CNN. Sources said the FCC may move to force early renewal of station licenses, an uncommon step not
OpenAI has reportedly fallen short of its own revenue and user growth projections, raising concerns ahead of its expected public offering, according to a report by The Wall Street Journal. The report said finance chief Sarah Friar has flagged risks around funding future data center and computing commitments if growth
Ryanair CEO Michael O’Leary has warned that several European airlines could collapse if jet fuel prices remain elevated through the summer, as reported by CNBC. Jet fuel prices have surged following the Middle East conflict and the blockade of the Strait of Hormuz. O’Leary said prices have risen
Coca-Cola reported stronger-than-expected quarterly earnings and revenue, driven by steady global demand for its beverages, according to company results. Adjusted earnings came in at 86 cents per share, beating analyst estimates, while revenue rose 12 percent to $12.47 billion. Net income also increased to $3.92 billion, the report
Shares of Spotify fell sharply after the company issued weaker-than-expected guidance, despite reporting strong quarterly results, as reported by market data. The stock dropped as much as 12 percent in early trading before trimming losses. First-quarter revenue rose 8 percent year-on-year to 4.5 billion euros, while monthly active users
A new artificial intelligence startup founded by former Google DeepMind researcher David Silver has raised a record $1.1 billion in seed funding, according to company statements. The London-based firm, Ineffable Intelligence, was launched in late 2025 and is focused on developing “superintelligence” using reinforcement learning. The report said the
Shell has agreed to acquire ARC Resources in a deal valued at $16.4 billion, as reported Monday. The acquisition is aimed at boosting long-term oil and gas output. According to the company, the deal will add around 370,000 barrels of oil equivalent per day to Shell’s portfolio,
