OpenAI Chip Deals: Announcements, Not Deployments

 

Investor Brad Gerstner warns that OpenAI's recent deals with Nvidia and AMD are merely announcements, stressing that actual chip deployments are yet to be seen. He highlighted the "compute-constrained" reality of the AI landscape, with demand outstripping supply. This intensifying competition extends globally, with China's DeepSeek posing a national security...

Constellation Brands Beats Earnings, Reaffirms Guidance

 

Constellation Brands, the owner of Modelo, surpassed analyst expectations in its fiscal second-quarter earnings, reporting adjusted earnings per share of $3.63 and revenue of $2.48 billion. Despite beating forecasts, the company reaffirmed its lowered full-year guidance due to persistent macroeconomic challenges impacting consumer demand. Shares saw a slight increase in...

Holiday Online Sales To Hit $253 Billion

 

Adobe Analytics predicts U.S. online holiday sales will reach $253.4 billion, a 5.3% increase. Cyber Monday and Black Friday are expected to see significant growth, driven by discounts and consumer demand for AI-powered shopping tools. Mobile devices will continue to dominate online spending, while buy now, pay later services and...

Paramount Skydance Acquires Free Press, Weiss Leads CBS

 

Paramount Skydance has acquired The Free Press, an online news outlet co-founded by Bari Weiss. Weiss will now serve as editor-in-chief of CBS News, a move spearheaded by Skydance chief David Ellison as part of a broader strategy to reshape Paramount's news operations following an $8 billion acquisition. The...

Online Holiday Spending to Rise Amidst AI

 

Online holiday spending in the U.S. is projected to increase by 5.3% to $253.4 billion, driven by consumer demand for discounts and the growing use of AI chatbots. While this represents growth, it is slower than the previous year and below the 10-year average. Adobe's report indicates consumers are motivated...

CBS News Names Bari Weiss Editor In Chief

 

CBS News is appointing Bari Weiss as editor in chief in an effort to attract right-of-center viewers. Her publication, The Free Press, will also be acquired by CBS' new owner, Skydance Media. Weiss aims to redefine CBS News' brand and coverage, challenging accusations of liberal bias. Despite lacking broadcasting experience,...

Fifth Third Bancorp Acquires Comerica for $10.9 Billion

 

Fifth Third Bancorp is acquiring Comerica for $10.9 billion in an all-stock deal, expected to close in Q1 2026. The merger will establish the ninth-largest U.S. bank with approximately $288 billion in assets. Both CEOs expressed optimism about enhanced capabilities and market reach. The news also boosted the SPDR S&P...

UK Government Overhauls House Buying System

 

The UK government has unveiled major reforms to the house-buying system, aiming to reduce costs, delays, and failed sales. Key changes include mandatory upfront property information for sellers and estate agents, potentially saving buyers hundreds of pounds and weeks in transaction time. The proposals also introduce binding contracts to halve...

Foster Poultry Farms recalls chicken corn dogs due to injuries

 

Foster Poultry Farms is recalling over 3.8 million pounds of chicken corn dogs due to wood fragments found in the batter, which has caused at least five injuries. The affected products were manufactured between July 30, 2024, and August 4, 2025, and sold under various names. Consumers are advised not...

Trump Admin Plans Multi-Billion Dollar Farmer Bailout

 

The Trump administration is preparing a multi-billion dollar bailout package for American farmers struggling with increased costs, labor shortages, and retaliatory tariffs from trade wars, particularly impacting the soybean industry. The proposed aid, ranging from $10 to $14 billion, could come from tariff revenue or existing agricultural funds. This comes...