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Amazon Robotaxi Service Zoox to Start Charging for Rides in 2026
Amazon’s self-driving robotaxi subsidiary, Zoox, expects to start charging passengers for rides in Las Vegas in early 2026, with paid rides in the San Francisco Bay Area coming later next year.

By The Financial District
Dec 16, 20251 min read


EssilorLuxottica: Meta’s Stake in Ray-Ban Maker ‘At Least 3%’
Meta Platforms Inc., the parent company of Facebook, holds at least a 3% stake in EssilorLuxottica.

By The Financial District
Dec 16, 20251 min read


After Huang’s Donation, Trump Okays Nvidia H200 Chip Sales to China
President Donald Trump said he will greenlight the sale of Nvidia’s more powerful H200 chips to China.

By The Financial District
Dec 15, 20251 min read


Beijing Court: Malaysia Airlines Must Pay Damages to Kin of MH370 Victims
A Beijing court has ruled that Malaysia Airlines must pay 2.9 million yuan ($410,000) each to the families of eight passengers who went missing in the disappearance of Flight 370 more than a decade ago.

By The Financial District
Dec 15, 20251 min read


Saudis, Qataris, and UAE Back Kushner, Zucker in Hostile Warner Bros. Bid
David Ellison has launched a $108.4-billion hostile bid for Warner Bros. Discovery — $18 billion more in cash than Netflix’s deal — backed by Jared Kushner’s Affinity Partners, with funding from Saudi, Qatari, and UAE sovereign wealth funds.

By The Financial District
Dec 15, 20251 min read


Correcting the Pitch on Nationstar
Nationstar Development Corporation is one of several contractors participating in the Davao City Bypass Road Project, a multi-component infrastructure undertaking that includes major tunneling works and is being implemented through a consortium structure due to its size, complexity and cost.

By Lito U. Gagni
Dec 15, 20253 min read


Max Verstappen Tops F1 Drivers in Salary Race with $76-M
Lando Norris may have won the Formula 1 drivers’ championship on Sunday, but the 26-year-old Englishman finished just third in F1’s financial race, with an estimated $57.5 million in total on-track compensation this season.

By The Financial District
Dec 15, 20251 min read


OpenAI Goes From Stock Market Savior to Burden as AI Risks Mount
Wall Street’s sentiment toward companies associated with artificial intelligence (AI) is shifting — and it’s all about two companies: OpenAI is down, and Alphabet Inc. is up.

By The Financial District
Dec 15, 20252 min read


SpaceX to Offer Insider Shares at Record-Setting Valuation
SpaceX is preparing to sell insider shares in a transaction that would value Elon Musk’s rocket and satellite maker at a level higher than OpenAI’s record-setting $500 billion.

By The Financial District
Dec 15, 20251 min read


Netflix’s $72-B Deal for Warner Bros. Discovery Stuns Wall St.
Netflix’s $72 billion agreement to acquire Warner Bros.’ studio and streaming assets has set off a high-stakes debate about whether regulators will allow the world’s largest streamer to get even bigger.

By The Financial District
Dec 15, 20252 min read


Elon Musk’s X Fined €120 Million by EU in First Clash Under New Digital Laws
Elon Musk’s social media platform, X, has been fined €120 million (£105 million) after it was found in breach of new EU digital laws.

By The Financial District
Dec 15, 20251 min read


U.S. Steel to Resume Production at Illinois Plant Shut 2 Years Ago
U.S. Steel said it will resume producing steel slabs at its Granite City Works plant in Illinois as demand rebounds.

By The Financial District
Dec 13, 20251 min read


PAGCOR Chief Refutes Conflict-of-Interest Claims vs. Family’s Construction Firm
Philippine Amusement and Gaming Corporation (PAGCOR) Chairman and CEO Alejandro Tengco has refuted allegations of conflict of interest linked to government contracts awarded to his family’s construction firm.

By The Financial District
Dec 13, 20252 min read


Costco Sues Trump, Demands "Full Refund" of Tariffs
Multinational retail giant Costco has sued the U.S. government seeking a full refund of import duties if the Supreme Court rules that President Donald Trump lacked the authority to impose tariffs without congressional approval.

By The Financial District
Dec 12, 20252 min read


SoftBank's Arm Plans to Set Up South Korea Chip Training Facility
South Korea's industry ministry and SoftBank’s chip unit, Arm Holdings, have signed an agreement to strengthen the country’s semiconductor and artificial intelligence sectors.

By The Financial District
Dec 12, 20251 min read


Connie Chung Slams Bari Weiss, Says Owners Ruined CBS News
Connie Chung slammed CBS executives, including Bari Weiss and David Ellis on, calling their “greedy” leadership responsible for the network’s decline.

By The Financial District
Dec 12, 20251 min read


China Chipmaker Moore Threads Soars 502% After $1.1-B IPO
Moore Threads Technology Co., a leading Chinese artificial intelligence (AI) chipmaker, jumped 425% in its Shanghai trading debut after raising 8 billion yuan ($1.13 billion).

By The Financial District
Dec 12, 20251 min read


Georgia Power Needs Bigger Capacity to Meet Data Center Demand
ata centers flooding into Georgia, utility regulators face a major decision.

By The Financial District
Dec 11, 20252 min read


Meta Platforms Finally Retreats From Funding Its Metaverse
The “metaverse” isn’t what it used to be. Meta Platforms is expected to cut resources from the virtual reality initiative Mark Zuckerberg once framed as the company’s future — and the reason for its name change.

By The Financial District
Dec 10, 20251 min read


Alphabet Confident its Semiconductors are a Gold Mine
Alphabet investors are increasingly confident that the company’s semiconductor efforts could become a major revenue engine for Google’s parent.

By The Financial District
Dec 10, 20251 min read


SoftBank, Nvidia Looking to Invest in Skild AI at $14 Billion Valuation
Japan’s SoftBank Group and Nvidia are in talks to invest in Skild AI in a funding round of more than $1 billion that could value the maker of foundation models for robots at around $14 billion.

By The Financial District
Dec 10, 20251 min read


Trump Wades into Netflix–Warner Deal, Hints it May be Axed
U.S. President Donald Trump raised potential antitrust concerns about Netflix Inc.’s planned $72 billion acquisition of Warner Bros. Discovery Inc., noting that the market share of the combined entity may pose problems.

By The Financial District
Dec 10, 20252 min read


Berkshire Stock Picker Todd Combs Leaves, Joins JPMorgan
Todd Combs, one of Warren Buffett’s top investing lieutenants and the CEO of GEICO, is departing Berkshire Hathaway and joining JPMorgan Chase in a new role as part of a major shake-up involving both firms.

By The Financial District
Dec 9, 20251 min read


Paramount Makes $108.4-B Hostile Bid for Warner Bros. Discovery
Paramount Skydance on Monday launched a hostile bid worth $108.4 billion for Warner Bros. Discovery (WBD) in a last-ditch effort to outbid Netflix and create a media powerhouse that would challenge the dominance of the streaming giant.

By The Financial District
Dec 9, 20252 min read
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