Netflix has decided not to increase its bid for Warner Brothers Discovery, citing that the deal is no longer financially attractive despite previously considering it value-creating. This announcement follows Paramount's offer being declared the superior deal by Warner Bros. Seven Letter Partner Annalyse Keller, Democratic Strategist Arshi Siddiqui and Bloomberg's Kailey Leinz discuss on "Balance of Power: Evening Edition."
Warner Bros. Discovery said a new $111 billion offer from Paramount Skydance is a better deal for shareholders than the one it agreed to earlier with Netflix. Netflix will now have four business days to come up with a new proposal that beats Paramount or it will lose the fight for one of the industry's oldest film and TV studios. Paramount has offered $31 a share for all of Warner Bros. while Netflix has bid $27.75 a share for the company's studios and HBO business. Paramount Chief Executive Officer David Ellison has been pursuing Warner Bros. for months, efforts that prompted the parent of HBO and CNN to put itself up for sale in October. After Warner Bros. signed a deal in early December with Netflix, Paramount kept up the fight. Bloomberg News Senior Editor and Entertainment Team Leader Chris Palmeri joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec.
Nvidia, the dominant maker of artificial intelligence chips, suffered its worst stock decline in 10 months after the company's latest forecast failed to dispel fears of an AI bubble. The shares fell 5.5% to $184.89 in New York, marking the biggest one-day drop since April 16. The decline followed a first-quarter sales outlook that on its face looked impressive. Nvidia easily beat the average analyst estimate and delivered a 73% surge in fourth-quarter revenue. The reaction was a stark reminder of the skepticism now surrounding Nvidia. After explosive sales growth turned the chipmaker into the world's most valuable company, investors are seeking stronger assurances that booming AI spending can be maintained. Bloomberg Intelligence Senior Semiconductor Analyst Kunjan Sobhani, and Senior Technology Credit Analyst Robert Schiffman both join Bloomberg Businessweek Daily to discuss. They speak with Carol Massar and Tim Stenovec.
In times of uncertainty, we often look for something solid to hold onto. Lately, it seems the world’s investors have decided that “something solid” is, quite literally, gold.
The metal’s soaring price is more than just a market trend; it's a global barometer of anxiety.
When faith in currencies, governments, and traditional financial systems begins to waver, we see a familiar flight to the perceived safety of this timeless asset.
Well, pull out the party hats and dust off the stock tickers.
Lithium, the commodity that investors and analysts had all but left for dead in the great market purge of 2023-2024, is back.
The stock market has long treated Tesla (NASDAQ:TSLA) less as a traditional automaker and more as a futuristic technology cult, with its valuation soaring on the gravitational pull of its CEO, Elon Musk.
This persistent "Musk Premium" has burned countless short-sellers.
Bitcoin has vaporised more than US$800 billion in its latest crash and sucked US$1 trillion out of the broader crypto market.
With nearly US$2 trillion in market value and rising allocations from Wall Street firms, ETFs, pension funds, and insurers, Bitcoin is increasingly woven into traditional finance.
U.S. Customs and Border Protection (CBP) will officially stop collecting billions in trade duties at 12:01 a.m. EST on Tuesday, following a landmark Supreme Court ruling that declared President Donald Trump’s use of emergency powers to levy tariffs illegal.
The U.S. Supreme Court delivered a historic blow to President Donald Trump’s economic agenda Friday, ruling 6-3 that the administration overstepped its constitutional authority by using a national emergency statute to impose sweeping global tariffs.
The January US jobs report surprised to the upside, adding 130,000 roles as unemployment dipped to 4.3% and wages stayed contained.
Washington has pulled itself back from the brink, passing a $1.2 trillion stop-gap deal that reopened most of the US government after days of disruption.
Warner Bros. Discovery (NASDAQ:WBD) reported fourth-quarter financial results that fell short of analyst profit expectations, highlighting the ongoing challenges of balancing a legacy linear television business with an aggressive pivot to global streaming.
Hertz Global Holdings (NASDAQ:HTZ) reported fourth-quarter and full-year 2025 results on Thursday, showcasing a massive operational recovery driven by disciplined fleet management and rigorous cost controls.
Papa John’s International (NASDAQ:PZZA) reported fourth-quarter financial results that showcased resilient profitability even as the pizza chain struggled to meet top-line growth targets.