Business

Jury Rules Live Nation and Ticketmaster Operated as an Illegal Monopoly, Overcharging Fans

A jury found Live Nation and Ticketmaster guilty of antitrust violations, ruling they operated as an illegal monopoly and overcharged fans. The verdict moves to a remedies phase, potentially leading to significant industry changes.

Olivia Rodrigo Drops New Single ‘Drop Dead’ and Makes Surprise Coachella Appearance

Olivia Rodrigo releases her new single 'Drop Dead' and performs it live at Coachella, signaling a new romantic direction for her upcoming album.

Trump Organization Eyes Tbilisi Skyline with Ambitious New Skyscraper Project

The Trump Organization is planning a new luxury skyscraper in Tbilisi, Georgia, featuring a hotel and residences, as part of its international expansion strategy.

Jury Rules Live Nation and Ticketmaster Operated as an Illegal Monopoly, Overcharging Fans

A jury found Live Nation and Ticketmaster guilty of antitrust violations, ruling they operated as an illegal monopoly and overcharged fans. The verdict moves to a remedies phase, potentially leading to significant industry changes.

Judge Halts Nexstar-Tegna Merger Amid Antitrust Fears

Federal judge blocks Nexstar-Tegna merger over antitrust concerns, halting the $6.2 billion deal pending a trial. State AGs and DirecTV celebrated the ruling.

Hong Kong Court Grants Kaisa Group Seven-Week Extension for Debt Restructuring

A Hong Kong court has granted Chinese property developer Kaisa Group a seven-week extension to finalize its debt restructuring plan, adjourning a liquidation petition...

China Urges EU to Revoke Preliminary Tariffs on Electric Vehicles Amid Trade Tensions

China is urging the European Union to cancel its preliminary tariffs on Chinese electric vehicles (EVs) by July 4, following an agreement to hold...

ByteDance Collaborates with Broadcom on Advanced AI Processor Amid U.S.-China Tensions

China's ByteDance is collaborating with U.S. chip designer Broadcom to develop an advanced AI processor, according to sources familiar with the matter. This strategic...

Shein Faces Challenges for U.S. IPO Amid Rising U.S.-China Tensions, Considers London Listing

China-founded e-commerce company Shein is encountering growing obstacles in its pursuit of going public in the United States, according to experts, as escalating tensions...

Regulators Identify Weaknesses in Resolution Plans of Major U.S. Banks

Banking regulators revealed on Friday that they found weaknesses in the resolution plans of four of the eight largest American lenders. The Federal Reserve...

Eli Lilly Seeks FDA Approval for Zepbound to Treat Obstructive Sleep Apnea

Eli Lilly has applied for U.S. approval of its weight loss drug Zepbound to treat obstructive sleep apnea (OSA), the most common sleep-related breathing...

U.S. Existing Home Sales Hit 30-Year Low Amid Record Prices and High Mortgage Rates

Sales of previously owned homes in the U.S. remain at a 30-year low, showing minimal movement in May as home prices reach new highs...

Forever 21 Seeks Rent Reductions Amid Struggles with Competition and Declining Sales

Forever 21 is requesting significant rent reductions from landlords as it faces declining sales and stiff competition in the fast-fashion market. The retailer, which...

JPMorgan Sees Positive Signs in China, Bolsters Investment in Ukraine

JPMorgan Chase is observing signs of economic improvement in China that are expected to boost the bank's business in the region, according to Mary...

State Street, BNP Paribas, and Caceis Eye HSBC Germany’s Fund Administration and Custody Units

State Street, BNP Paribas, and Caceis are emerging as potential bidders for HSBC Germany's fund administration unit INKA and its custody business, according to...

Surge in Electric Vehicle Sales in Southeast Asia Driven by Chinese and Vietnamese Automakers

Electric vehicle (EV) sales are experiencing a significant surge in Southeast Asia, primarily driven by China's BYD and Vietnam's VinFast, as they make inroads...

China Urges Visa and Mastercard to Lower Transaction Fees for Foreign Cards

China is urging Visa and Mastercard to reduce their bank card transaction fees in the country to facilitate payments for foreign visitors, according to...

Bank of Japan Signals Potential Rate Hikes Amid Economic Recovery

Bank of Japan Deputy Governor Shinichi Uchida announced on Friday that the central bank is prepared to "adjust the degree of monetary support" if...

SoftBank’s Masayoshi Son Emphasizes AI and Robotics as Key to Future Growth

SoftBank Group CEO Masayoshi Son emphasized on Friday that the group's mission is to advance humanity by realizing artificial superintelligence, which he predicts will...

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