Prominent New York investor, Standard General, has been approached about acquiring all or part of Warner Bros Discovery’s cable television business, including CNN, reported Financial Times.Soo Kim, founder of hedge fund Standard General, has held discussions about potentially buying or investing in WBD’s television networks, according to people familiar with…
Activist hedge fund Elliott Management has built a stake of more than $1 billion in Lululemon Athletica, positioning itself as one of the athletic apparel maker’s largest shareholders as it pushes for changes aimed at reviving the struggling brand, a source familiar with the matter told Reuters.The move comes at…
Affirm stock price popped by over 10% on Tuesday as investors cheered the company’s presentation at its event. It jumped to a high of $73.40, up sharply from last month’s low of $60.40. It remains up by 135% from its lowest level this year, with its market capitalization rising to…
Tilray stock price popped by nearly 30% on Tuesday as Donald Trump prepared to sign an executive order that would reschedule cannabis into a lower drug classification.It jumped to a high of $14.40, up by 110% from its lowest level this month, bringing its market capitalization to $1.62 billion. It…
US natural gas price eased on its downtrend after four consecutive sessions in the red. The recorded surge in exports has contributed to the rally observed in Q4’25. However, price movements in recent weeks have highlighted that the market is largely weather-driven.On the one hand, expectations of heightened demand at…
The ASX 200 Index dropped for the fifth consecutive day, reaching its lowest level since November 26. This decline mirrored the performance in Wall Street, where top indices like the Nasdaq 100 and Dow Jones plunged amid the ongoing AI jitters.ASX 200 Index fell amid fears that RBA may hike…
The Hang Seng Tech Index has crashed into a bear market as concerns about the industry continued. It plunged to H$5,390, its lowest level since August 4 and 20% below its highest point this year. This article explains the reasons behind the drop.EV stocks like Nio, Li Auto, XPeng, and…
The FTSE 100 Index jumped by 20% in 2025, reaching its all-time high of £9,945. It has soared by nearly 30% from its lowest level in April, a performance that has mirrored that of other global indices like the S&P 500 and the Nasdaq 100. This article looks at the…
Lululemon stock price has had another bad year as it crashed by 45%, even as the S&P 500 and Nasdaq 100 indices jumped to record highs. It has dropped from the all-time high of $516 in December 2023 to the current $207, bringing its market cap from $68 billion to…
OpenAI is in early-stage discussions to raise at least $10 billion from Amazon.com Inc., a move that could significantly deepen ties between the ChatGPT maker and the world’s largest cloud-computing provider, reported Information. The talks also include the possibility of OpenAI adopting Amazon’s in-house Trainium chips, according to the report…