(CNBC) The company’s shares were down roughly 9% in aftermarket trading. Warner Bros. Discovery on Wednesday reported the non-cash goodwill impairment charge, which was triggered by the reevaluation of the book value of the TV networks segment. The book value was higher […]

(CNBC) S&P 500 futures bounced in overnight trading after the broad index notched its worst day in nearly two years as global markets sold off. Futures tied to the S&P 500 rose 0.9%, while Nasdaq 100 futures rallied 1.3%. Futures connected to the Dow […]

(CNBC) A federal U.S. judge ruled Monday that Google has illegally held a monopoly in two market areas: search and text advertising. The landmark case from the government, filed in 2020, alleged that Google has kept its share of the general search market by […]

(CNBC) A key measure of expected volatility in the stock market surged to its highest level in more than four years on Monday morning as global equities fell sharply. The Cboe Volatility Index, or VIX, briefly broke above 65 on Monday […]

(CNBC) San Francisco Federal Reserve President Mary Daly on Monday said she expects that interest rates will be cut later this year but declined to provide a timetable or the extent to which the central bank will ease. “Policy adjustments […]

(Hedgeweek) Jain Global, the hedge fund firm founded by former Millennium Management Co-CIO Bobby Jain ended its first month of trading with a small loss of 0.65%, while rival multi-strategy firms, including Millennium and Ken Griffin’s Citadel, managed small gains, […]

(CNBC) OpenAI co-founder John Schulman said in a Monday X post that he would leave the Microsoft-backed company and join Anthropic, an artificial intelligence startup with funding from Amazon. The move comes less than three months after OpenAI disbanded a superalignment team that focused […]

(CNBC) U.S. stock futures fell Sunday night following a volatile week for Wall Street, in which the Nasdaq Composite dropped into correction territory. Dow Jones Industrial Average futures fell by 383 points, or 0.96%. S&P 500 futures and Nasdaq-100 futures dipped 1.6% and 2.5%, respectively. […]

(CNBC) The cryptocurrency market plummeted in value on Sunday, as investors continued selling out of risky assets. Led by a drop of 11% in bitcoin in the past 24 hours and a 21% plunge in ether, the overall value of […]

(CNBC) Warren Buffett’s Berkshire Hathaway dumped nearly half of its gigantic Apple stake last quarter in a surprising move for the famously long-term-focused investor. The Omaha-based conglomerate disclosed in its earnings filing that its holding in the iPhone maker was valued at $84.2 billion […]

(CNBC) A political action committee backed by billionaire Elon Musk is being investigated by the Michigan secretary of state’s office amid efforts to collect voter data. Musk, the CEO of Tesla and SpaceX, has said he created and helped fund the America PAC, which is supporting former President Donald Trump. Musk has […]

(CNBC) With quarterly earnings from tech’s mega-cap companies largely in the rearview mirror, one thing is clear: Wall Street is nervous. The Nasdaq Composite slumped 3.4% this week, bringing its three-week slide to 8.8%. That’s the worst performance for the tech-heavy index […]