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.
Business Aarav Shen -

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.
Culture Lynn Hatem -

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.
Europe Aarav Shen -

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.
Business Aarav Shen -

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.
Business Aarav Shen -
Latest

Tesla Shifts Gears: Model S and X Production Ends as Focus Turns to Optimus Robots

Tesla is ending production of its Model S and Model X vehicles to focus on manufacturing Optimus robots and advancing its autonomous driving technology. Learn more about the strategic shift.

Prediction markets face scrutiny after claims “privileged” users profited from war and diplomacy bets

Prediction markets are facing renewed scrutiny after reports that “privileged” users may have profited from well-timed bets on war and diplomacy, fueling calls for clearer rules and explicit insider-trading bans.

Google’s “Project Genie” sparks selloff in game platforms and engines as AI disruption worries grow

Game stocks slid after Google unveiled “Project Genie,” an AI system that can generate interactive worlds from prompts, raising concerns about disruption to traditional game engines, platforms, and development workflows.

Maersk to temporarily operate Panama Canal ports after court voids Hutchison contract

Maersk will temporarily operate two Panama Canal ports after Panama’s Supreme Court ruled the previous concession unconstitutional, triggering a transition plan and renewed scrutiny of strategic canal-linked infrastructure.

Dow to cut 4,500 jobs, 13% of workforce, in restructuring push as AI and automation take bigger role

Dow will cut about 4,500 jobs as it restructures to boost efficiency and expand AI and automation, while forecasting weaker-than-expected first-quarter revenue amid sluggish demand.

SpaceX in talks to merge with xAI ahead of planned 2026 IPO, source says

SpaceX is reported to be in merger talks with Elon Musk’s AI firm xAI ahead of a planned 2026 IPO, a move that could combine Grok, Starlink and SpaceX infrastructure under one structure.

South Korea exports seen up nearly 30% as AI chip boom drives fastest jump in 4+ years

South Korea’s exports are expected to post their fastest growth in over four years as AI-driven semiconductor demand surges, boosting shipments to China and the US ahead of official trade data on February 1.

S&P 500 and Nasdaq fall as investors question returns on Big Tech’s AI splurge

Wall Street fell as the S&P 500 and Nasdaq slid on fears that Big Tech’s soaring AI spending will take longer to pay off, with Microsoft and software stocks leading declines while the Dow also dipped.

Jensen Huang: Beijing not finished with H200 licensing despite conditional green lights

Nvidia CEO Jensen Huang said China is still finalising licensing for H200 AI chips, leaving sales uncertain despite conditional approvals for major Chinese tech firms and strong demand.

Amazon confirms 16,000 job cuts after “Project Dawn” message was sent by mistake

Amazon confirmed about 16,000 corporate job cuts after an internal “Project Dawn” layoff message was sent accidentally, extending a broader push to reduce layers, boost efficiency and expand AI-driven automation.

UPS to cut 30,000 jobs and close 24 sites as Amazon volume “glide-down” continues

UPS plans to cut up to 30,000 jobs and close 24 facilities in 2026 as it reduces Amazon delivery volume, even as the company beat earnings estimates and forecast higher revenue for the year.

Wall Street pushes S&P 500 toward 7,000 while Dow falls as healthcare stocks tumble

Wall Street lifted the S&P 500 to a record and closer to 7,000 as earnings rolled in and the Fed meeting began, while the Dow slipped after health insurers sank on Medicare Advantage news.

Tesla stock in focus ahead of results as Wall Street debates growth vs profitability

Tesla is set for a key earnings test as investors watch margins, demand and pricing strategy, with the results expected to influence sentiment across the EV and tech markets.

USA Rare Earth surges after $1.6B federal deal boosts US supply chain push

USA Rare Earth shares jumped after the US backed a $1.6 billion funding package to build a Texas mine and US magnet facility, boosting Washington’s push to reduce dependence on China.

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