ESPN Launches All-Access Streaming Service

 

ESPN's new standalone streaming service, priced at $29.99 monthly or $299.99 annually, launches this fall. Bundled with Disney+ and Hulu (with ads), it costs $35.99 monthly, discounted to $29.99 for the first year for new subscribers. This comprehensive service includes all live games, programming from other ESPN...

Trump Secures $600 Billion Saudi Investment in US

 

President Trump announced a historic $600 billion investment commitment from Saudi Arabia into the US economy. This includes significant deals in energy, technology, defense, and infrastructure. Key investments involve AI data centers, cutting-edge technologies from major tech firms, and a record-breaking $142 billion defense sales agreement. The...

US CEOs Dine with Trump in Saudi Arabia, Lobby for Business

 

Dozens of US business leaders, including CEOs from top companies like OpenAI, Nvidia, Alphabet, Amazon, and Tesla, joined President Trump and Saudi officials for lunch in Riyadh. The meeting aimed to foster business opportunities with Saudi Arabia, a major investor in AI. Executives also sought to lobby Trump...

UnitedHealth CEO Resigns, Stock Plummets

 

UnitedHealth Group CEO Andrew Witty unexpectedly resigned for personal reasons, prompting the company to suspend its 2025 forecast. Shares plummeted nearly 10% premarket. The decision follows a year of challenges including government investigations, a cyberattack, rising medical costs, and public backlash. Stephen Hemsley, the former CEO, returns...

US-China Trade Deal Cuts Tariffs, Boosts Markets

 

A US-China trade deal has temporarily lowered tariffs, boosting market confidence. The US will reduce its tariff rate on Chinese goods from 145% to 30%, while China will lower its rate on US goods from 125% to 10% for 90 days. Wall Street analysts express cautious optimism, noting...

Nissan Announces Further 11,000 Job Cuts, Factory Closures

 

Nissan announced plans to cut 11,000 more jobs globally and close seven factories. This follows a year of declining sales in major markets like China and the US, leading to significant financial losses. The additional cuts bring the total job losses to approximately 20,000 in the past year, representing...

Honda's Profits Plummet Amid US Tariff Impact

 

Honda reported significantly lower-than-expected fourth-quarter earnings, with operating profit plummeting 76% due to US tariffs. Full-year revenue rose slightly to 21.69 trillion yen, but operating profit fell 12.2% to 1.21 trillion yen, and net profit dropped 24.5%. The company anticipates a substantial decline in profit for the current...

Riggio Collection Auction Falls Short of Expectations

 

Christie's auction of the Riggio collection, featuring works by modern masters, yielded $272 million including buyer's fees, falling short of pre-sale expectations. Many pieces were presold to guaranteed bids, dampening the excitement. Economic uncertainty, linked to Trump's tariffs, is cited as a contributing factor to the less-than-anticipated results. A...

Holmes' Partner Launches New Blood-Testing Company

 

Billy Evans, partner of convicted fraudster Elizabeth Holmes, is launching a new blood-testing company, Haemanthus. The company, which has already secured millions in funding, uses AI to analyze blood and other bodily fluids. While Evans and Haemanthus deny any connection to Theranos, similarities in technology and approach have raised...

Ticketmaster Implements Upfront Pricing, New Queuing System

 

Ticketmaster announced it will now include all fees upfront in ticket prices, coinciding with a new FTC rule mandating this practice. The company also launched a new queuing system designed to improve the ticket-buying experience by preventing bots and providing real-time updates on availability and position in line. ...