Casino mogul Steve Wynn is resigning as CEO of Wynn Resorts following sexual harassment allegations. He will be replaced by Matt Maddox who has been the president of Wynn Resorts since 2013. This comes weeks after Wynn stepped down as finance chair of the Republican National Committee.
Snap shares soared following a stellar earnings report. The social media company beat on earnings and revenue for the first time since going public. Snap also announced a big increase in daily active users, bringing the total number of users to around 187 million.
SpaceX successfully launched its Falcon Heavy rocket. More than 2 million people tuned into the live stream of the launch. It is now the most powerful rocket in operation. Nick Lucchesi, executive editor of Inverse, says the launch marks a new chapter in space exploration.
And U.S. gold medalist Dana Vollmer joins us to give her take on the upcoming Winter Olympics and share her tips on heart health. Even though she isn't competing in the games, she's excited to watch. Vollmer and Go Red For Women spokesperson Dr. Suzanne Steinbaum discuss ways to make sure your heart is healthy.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
Chris Williamson, Chief Business Economist at S&P Global, breaks down September’s CPI print and inflation trends, explaining what it means for markets.
