Jamie Dimon, CEO of JPMorgan Chase, announced that the bank is prepared to spend up to $20 billion on an acquisition, stating, “We are on the lookout.” Such a deal would rank among the largest in the firm’s...

IMAX Corporation, the large-format cinema technology company, may be exploring a potential sale, according to a source familiar with the matter who spoke to CNBC. The source indicated that IMAX has engaged in preliminary...

IMAX Corporation has engaged in preliminary discussions with potential acquirers through third-party intermediaries, though the company itself has not yet made any formal proposals, according to a source familiar with the matter...

Kraft Heinz is revitalizing its portfolio of classic brands to combat declining sales, with the latest move being a reformulation of Kool-Aid. The company plans to launch electrolyte powder packets under the Kool-Aid brand that...

During President Trump’s visit to China, bullish investors placed significant bets on three China-related stock trades, driving a notable rally in Chinese equities, ETFs, and related themes. The surge marked some of the...

Once written off by many investors, a particular artificial intelligence stock is now drawing renewed interest from options traders. Recent data shows a notable skew toward bullish bets in the options market, suggesting that...

President Donald Trump’s ‘Gold Card’ initiative, which offered expedited U.S. residency to wealthy foreign investors for a $1 million fee, has encountered significant hurdles. The program, touted as a...

Amy Howe is stepping down as CEO of FanDuel after five years leading the sportsbook operator. During her tenure, the company experienced significant growth amid a nationwide expansion of legal sports betting and a surge in...

Luxury electric vehicle manufacturer Lucid Group announced on Tuesday that it is suspending its production forecast for 2024 as the company undergoes a strategic review under its incoming CEO. The decision comes as Lucid aims to...

Early indications from the launch of Novo Nordisk’s oral Wegovy and Eli Lilly’s Foundayo are prompting investors to reassess the competitive landscape for GLP-1 pills. Novo Nordisk’s head start in the oral...

Berkshire Hathaway shareholders gathered with a tempered sense of optimism as they assessed the conglomerate’s trajectory under incoming CEO Greg Abel. The atmosphere reflected a blend of anticipation and caution, with...

Starbucks reported a 6.2% increase in global same-store sales for its latest quarter, driven by higher customer traffic at its cafes. The coffee giant raised its full-year earnings forecast, signaling that its turnaround...

The Federal Communications Commission (FCC) has initiated an early review of Disney’s broadcast license renewals, citing concerns over the company’s diversity, equity, and inclusion (DEI) policies. The regulatory...