Former members of the Hollywood Foreign Press Association have filed a lawsuit in Los Angeles against Penske Media Corporation and related entities, alleging fraud in Penske’s 2023 acquisition and reorganization of the Golden Globe Awards. The suit claims investor Todd Boehly and his firm Eldridge concealed Penske’s role from the...
Qualcomm Incorporated and Lam Research Corporation are set to report closely watched quarterly results as investors scrutinize the outlook for key semiconductor markets. Lam Research heads into its fiscal fourth quarter 2026 earnings release with a market capitalization of about $364.7 billion after its share price climbed 165.5 percent over...
The United States Senate has unveiled a revised, 616-page version of the Digital Market Clarity Act, a bill intended to create a comprehensive federal regulatory framework for cryptocurrencies. The proposal amends the Federal Reserve Act to bar Federal Reserve Banks from offering products or services directly to individuals and prohibits...
Shein has disclosed that its U.S. operations are under investigation by the U.S. Federal Trade Commission, warning that the probe could result in significant monetary payments and materially affect its financial condition and results. The fast-fashion e-commerce company revealed the inquiry in documents filed with the Hong Kong stock exchange...
Zurich, Switzerland – FIFA has announced plans to create a new commercial subsidiary, FIFA Forward Enterprise (FFE), valued at around $20 billion that would consolidate the governing body’s commercial and event operations. Under the proposal presented on Tuesday, FIFA would invite external investors to buy minority, non-controlling stakes in FFE...
BENGALURU, India – Apple’s market capitalization briefly surpassed $5 trillion for the first time on Tuesday, making the iPhone maker only the second company ever to reach that milestone after Nvidia. The stock hit an intraday high of $342.89, implying a market value of about $5.036 trillion, before easing to...
AMSTERDAM, Netherlands – China’s move to develop a homegrown immersion deep ultraviolet (DUV) lithography machine is increasing pressure on Dutch chip equipment maker ASML, which has recently become Europe’s most valuable listed company after a sharp share price rise. Reuters reported that Shanghai Aishengna Electronic Technology Group, a little-known Chinese...
In the United States, the blockbuster initial public offering of SpaceX, now valued in the multi‑trillion‑dollar range, has triggered new scrutiny of how lawmakers invest in technology companies they oversee. Financial disclosures show that multiple members of Congress quickly purchased SpaceX shares despite serving on committees that supervise aerospace policy,...
Cracker Barrel Old Country Store announced that Chief Executive Officer Julie Masino is stepping down following a year of turbulence tied to a failed rebranding effort. In August, the U.S. restaurant chain replaced its long-standing logo featuring the Uncle Herschel mascot with a minimalist design aimed at improving visibility and...
United States-based Johnson & Johnson has proposed a sweeping, multibillion-dollar settlement framework aimed at resolving tens of thousands of lawsuits alleging that its talc-based products caused ovarian cancer. The healthcare company has faced these claims for more than a decade, during which the litigation has weighed on its reputation, influenced...
