Business
All the latest news stories about the business world: mergers, IPOs, trends, personalities, and more
New Mexico Jury Hands Meta Historic $375M Loss in Child Safety Case
A Santa Fe jury found Meta liable on all counts, including willfully engaging in “unfair and deceptive” and “unconscionable” trade practices.
OpenAI Kills Sora, Blowing Up Its $1 Billion Disney Deal
Just six months after Sora launched and quickly went viral, OpenAI is shutting down the AI video app as it pulls back on costs ahead of a potential IPO.
Mass Layoffs Spill Across Industries
2025 has seen wave after wave of job cuts, hitting firms from tech to retail, including Exxon, Starbucks, Oracle, Nike, and Scale AI.
Tesla Rolls Out Standard Versions of Models Y and 3
Tesla rolled out “Standard” versions of its Model Y and Model 3 with starting prices of about $39,990 and $36,990, respectively.
Gold Breaks $4,000 and People Are Paying Attention
Gold futures briefly touched $4,000 an ounce for the first time ever marking a major new milestone in the precious metals market.
Intercontinental Exchange “Goes Bullish” on Prediction Markets
Intercontinental Exchange, the parent company of the New York Stock Exchange, plans to invest up to $2 billion in Polymarket.
Markets, Mayhem, and the Fed: What Q4 Could Bring
Markets are emerging from a turbulent Q3. Horizon’s Mike Dickson shares insights on interest rates, small caps, and where investors should look in Q4 and beyond
Fifth Third to Acquire Comerica in $10.9B Deal
Fifth Third Bancorp announced it will acquire Comerica in a $10.9 billion all-stock deal, creating the ninth-largest U.S. bank with $288 billion in assets.
Cerebras Backtracks on IPO, Cites Rapid A.I. Growth and Strategy Shift
Cerebras CEO Andrew Feldman acknowledged the company mishandled communication around its IPO withdrawal last week.
Dan Schulman Named Verizon CEO as Company Chases New Growth Era
Verizon has appointed former PayPal CEO Dan Schulman as its new chief executive, replacing Hans Vestberg, who will stay on as an advisor through 2026.
Tesla’s Mysterious Teasers Spark Rumors of a New Car
Tesla shares surged over 5% following the release of teaser videos on X, hinting at a potential new car launch.
