Oracle co-founder Larry Ellison has agreed to personally backstop a crucial portion of the financing behind Paramount Skydance’s hostile bid for Warner Bros Discovery (WBD), intensifying a high-stakes takeover battle that could reshape Hollywood’s streaming landscape. Paramount said on Monday that Ellison has provided an “irrevocable personal guarantee” covering $40.4 billion of equity financing for
Gold prices eased and remained flat on Friday due to a stronger dollar against a basket of major currencies. Meanwhile, silver climbed more than 1% on robust industrial demand, with prices outperforming gold comfortably. Oil prices ticked up on Friday on concerns over lower supply from Venezuela. But prices are set for a second consecutive
From Silicon Valley power plays to international legal battles, the overnight news cycle was relentless. Here is your cheat sheet: PayPal is eyeing a banking charter, Tesla is testing driverless tech in Texas, and SpaceX just made Elon Musk wealthier than ever. But the biggest headline might be happening in the courtroom, where President Trump
India’s parliament has approved raising the foreign ownership cap in Indian insurance companies from 74% to 100%. The move marks a historic financial-sector liberalisation. The Lok Sabha passed the bill on Tuesday, followed by Rajya Sabha approval on Wednesday, clearing the way for global insurers to establish fully owned operations in India without needing domestic
US stocks edged lower on Tuesday as investors assessed the long-awaited November employment report. The S&P 500 slipped 0.1%, the Nasdaq Composite declined roughly 0.2%, and the Dow Jones Industrial Average traded near unchanged. The development came as the investors finally digested the latest jobs report, which hit the wires just moments ago. The key
India’s merchandise exports surged 19.37% year-on-year in November to reach $38.13 billion, the highest level in a decade. The whopping figure comes even as US tariffs remain punitive. The sharp rebound reversed October’s decline and compressed the nation’s trade deficit to $24.53 billion from a record $41.68 billion. Exports to the United States climbed 21%
Silver has dramatically outperformed gold this year, with prices surging by nearly 100% as of early December. The rally has been marked by sharp swings, driven by shifting economic signals and evolving trade tariff policies, and with high uncertainty persisting, ING Group anticipates further market volatility. The recent strength of silver is attributable to several
The post Trader’s playbook: why Fed liquidity cues matter more than ever for crypto appeared first on Invezz
Tesla stock (NASDAQ: TSLA) is among the most popular shares on Wall Street, with retail investors ready to load up on the dips. But recently, the risk of betting on Tesla stock has grown exponentially. Morgan Stanley’s first downgrade in over two years has exposed what the market has quietly known for months: Tesla’s stock
Argentina’s newly elected Congress opens special legislative sessions on Wednesday, a potentially decisive moment for President Javier Milei as he seeks to fast-track a range of reforms he says are needed to steer the country on a better economic path. This comes just after the midterm elections in October, where the ruling party, La Libertad Avanza,