Toyota has begun production at a new $13.9 billion battery plant in North Carolina and will invest up to $10 billion more in the U.S. over the next five years. CEO Tetsuo Ogawa called it a pivotal moment. First announced in 2021, the site is Toyota’s first in-house battery facility...
Raphael W. Bostic will step down as president of the Atlanta Fed at February’s end, opening another vacancy as the central bank faces White House pressure to cut rates. His exit comes as the board prepares its five‑year reappointment vote. Bostic, the first Black and openly gay regional Fed president,...
AI’s buildout is racing ahead of demand and infrastructure, a bubble risk framed as oversized bets rather than apocalypse. With software sprinting while data centers take years to rise, visibility is murky. Reuters says an Oracle-linked New Mexico campus secured up to $18 billion in credit; Oracle has $300 billion...
Paramount Skydance reported a third quarter loss as shrinking TV advertising and distribution bit, with pro forma revenue down 3% to $6.1 billion, ad sales off 12% and distribution fees down 7%. In its first period under the Ellison family’s leadership, the company lifted post merger cost saving goals to...
Big Tech roared back Monday, lifting Wall Street as the S&P 500 rose 1.5%, the Dow 0.8% and the Nasdaq 2.3% for its best day since May. Nvidia jumped 5.8%, Taiwan Semiconductor gained 3.1% on nearly 17% October revenue growth, and Palantir surged 8.8%. Health insurers slid amid uncertainty over...
Discounts on the Nintendo eShop begin November 20, with in-store deals rolling out a few days later. The notice also invites sign-ups for Verge Deals, which sends weekly emails featuring tested product offers, alongside standard Terms, Privacy, and reCAPTCHA disclosures.
David Ellison used Paramount’s first earnings report under his leadership and Skydance’s ownership to outline a sweeping plan. Q3 revenue was $6.7 billion, with $324 million in operating income and a $257 million net loss as losses narrowed post-takeover. Direct-to-consumer rose 17% to $2.1 billion and Paramount+ reached 79.1 million...
Citadel has lost another senior business development leader: Laura Sterner resigned last week as head of BD in Global Equities after two months, people familiar said. Her exit follows top quant recruiter Ansh Kalra’s move to Balyasny and continues turnover in the BD ranks. The reason for Sterner’s departure is...
Paramount Skydance said it now expects $1 billion more in merger savings, detailing CEO David Ellison’s ambitions alongside its first post‑merger quarterly report. The company is leaning into streaming and live sports rights while cutting elsewhere, unveiling another round of layoffs affecting about 1,600 employees tied to divestitures of assets...
Warren Buffett, 95, sent Berkshire Hathaway investors an eight-page letter he says will precede his going quiet, ending his annual reports and long meeting remarks. He reflects on Omaha roots, mentors and values, says his health is good despite moving slowly, and is still in the office five days a...
