OPEC+ members agree to a 206,000 bpd quota increase for May. However, the Strait of Hormuz closure and infrastructure damage from regional conflict keep actual oil supply low and prices high.
A developer sues a California nonprofit over a massive AI data center in Imperial Valley, alleging 'environmental terrorism' and death threats, while the group defends its environmental advocacy efforts.
California Gov. Newsom banned state officials from insider trading on prediction markets, citing corruption concerns. This follows large, suspicious payments on platforms like Kalshi and Polymarket, which have added new anti-insider trading rules, though some legislators find them insufficient.
CBS News struggles with record-low ratings and a 6% workforce cut amid a major network overhaul. While NBC and ABC report audience growth, CBS Evening News and CBS Mornings face a critical viewership slump.
Despite generating $666 million in profit, OnlyFans faces banking restrictions and payment processing issues as Architect Capital eyes a $3.5 billion acquisition following the founder's death.
Donald Trump is drafting an executive order to overhaul college sports, targeting the NIL system and transfer portal to address commercialization concerns and ensure fairness across all athletic programs.
Trump's EO and DOJ's Schedule 3 cannabis reclassification face banking hurdles and administration skepticism. Despite investor optimism for the $70B "Pot Inc.", banks and credit cards remain reluctant, delaying full legalization and market growth.
Restaurateurs Kiril & Metodija Mihajlov, owners of Consulate, are opening a 3rd Murray Hill branch (560 Third Ave) and a sports bar, At the Office. Their NYC expansion defies the city's current anti-business climate despite political challenges.
At GTC, Jensen Huang unveiled new AI processors, an AI system from Groq tech, and the Feynman roadmap, as Nvidia shifts focus to AI inference computing. Despite growth questions post-$5T valuation, the firm targets a $1 trillion AI chip market by 2027.
This article explores how AI is reshaping major law firms like Fried Frank. While rumors of job cuts circulate, senior partners argue that AI will automate mundane tasks, allowing lawyers to focus on high-level client advisory.
Investors are offloading New York City municipal bonds as yields surge. Mayor Mamdani faces a critical budget balancing act amid rising crime, socialist policy promises, and growing bankruptcy fears.
Paramount's CEO David Ellison plans to merge HBO Max and Paramount+ post-WBD acquisition, despite assurances for HBO's independence. With $79B debt and job duplication, widespread cuts are expected. HBO's Casey Bloys is at risk, possibly replaced by former Netflix exec Cindy Holland.
David Ellison's Skydance is acquiring Warner Bros. Discovery (including CNN) after Netflix exited the bidding. CNN staff worry about content changes, as Ellison, a Trump ally, reportedly promised modifications. Meanwhile, Trump's trust bought Netflix bonds, and he incurred new debt.
President Trump is launching a new commission to reform the multibillion-dollar college sports industry and controversial NIL rules, tapping Yankees President Randy Levine and Gov. Ron DeSantis to lead the financial overhaul.
Target plans a $2 billion investment in store renovations and staff to reverse declining sales. The strategy focuses on food, beauty, and home categories to improve customer satisfaction and compete with industry rivals.
Meta and Google face an LA social media addiction trial where 86% of Americans seek accountability for harm to children. Mark Zuckerberg was grilled on training and wealth; Meta tried to block questions about his fortune. The landmark trial's outcome will set a precedent for future cases nationwide.
Larry Silverstein and American Express partner to develop the final 55-story tower at 2 World Trade Center. Designed by Foster + Partners, the project marks a historic milestone for Lower Manhattan's skyline.
