Media Archives - Page 69 of 806

2 minute read

CNBC Host Finds Paramount Earnings Call Lasted Just As Long As Led Zeppelin’s ‘Stairway To Heaven’ But Only One Included ‘Tidbit Of CEO Getting Fired’

April 30, 1:56 AM

The earnings call was significant due to the announcement of CEO Bob Bakish's departure from Paramount Global amid ongoing merger talks with Skydance Media.

PARA

2 minute read

After Biden Signs TikTok Ban Into Law, Top EU Leader Says Not Ruling Out Action Against Chinese Platform: ‘We Know Exactly The Danger’

By Ananya Gairola

April 29, 9:39 PM

European Commission President Ursula von der Leyen stated that a TikTok ban in the EU is a possibility, mirroring steps already taken against the platform on Commission corporate phones.

TikTok Ban: Courts Must Decide Whether National Security Concerns Trump Freedom Of Expression

By Natan Ponieman

April 29, 2:40 PM

TikTok will try to argue the ban runs against its own First Amendment rights and those of its 170 million U.S. users.

Microsoft, Meta, and Alphabet Ramp Up AI Investments, Spend Over $32B in Q1

By Anusuya Lahiri

April 29, 1:44 PM

Microsoft, Meta Platforms, Google, and other tech giants are investing heavily in AI infrastructure, signaling a shift to AI plumbing with billions of dollars being spent on data centers and other capital expenses.

AMZN

1 minute read

California Restaurants Dish Out Price Hikes: Menu Costs Reportedly Surge Amid Minimum Wage Increase

By Shivani Kumaresan

April 29, 12:33 PM

Amid California's minimum wage hike, restaurants statewide witness a 10% menu price surge, eclipsing other regions. Chipotle Mexican Grill leads with a 6% to 7% increase in its nearly 500 California locations.

CMG

1 minute read

Ford’s BlueCruise Under NHTSA Lens After Fatal Crashes: Report

By Shivani Kumaresan

April 29, 11:15 AM

Explore the NHTSA's investigation into Ford's BlueCruise technology after two fatal Mach-E crashes. Covering 130,000 vehicles from 2021-2024, this inquiry delves into safety risks, echoing NTSB's separate probe into Mach-E incidents, including a fatal collision in San Antonio. Preliminary findings indicate BlueCruise activation preceding a Philadelphia crash on March 3.

1 minute read

Spotify Co-founder Daniel Ek Cashes Out More Spotify Stock, Shifts Focus to Tech and Climate Startups

By Anusuya Lahiri

April 29, 11:00 AM

Co-founder of Spotify, Daniel Ek, sells $179M worth of shares despite holding 7% stake. Company reports strong Q1 growth and plans to invest $1B in European startups.

OND

1 minute read

IAG’s Acquisition Of Air Europa Under Scrutiny For Competition Concerns

By Akanksha Bakshi

April 29, 10:57 AM

The European Union has concerns over IAG's planned acquisition of Air Europa due to potential anti-competitive effects, but IAG can propose solutions to address these concerns.

ICAGY

1 minute read

Justice Department Spares Mercedes-Benz: US Emission Probe Reportedly Closed

By Shivani Kumaresan

April 29, 10:24 AM

Mercedes-Benz, the luxury vehicle giant, sees a legal victory as the U.S. Department of Justice closes emissions investigation without charges. The decision signifies a positive turn in the company's diesel-related legal challenges, marking a milestone towards clarity.

MBGYY

1 minute read

What’s Going On With Equinor Shares Monday?

By Lekha Gupta

April 29, 9:48 AM

Equinor ASA shares are down amid reports of delayed restart of Hammerfest LNG plant due to gas leak.

EQNR