US Criticizes EU After Musk’s X Fined €120 Million Over Verification Practices
The EU fined Elon Musk’s X €120 million for misleading verification practices, prompting sharp criticism from U.S. officials who accuse Europe of unfairly targeting American tech companies.
Yieldstreet Rebrands as Willow Wealth as Investor Losses Mount to $208 Million
Yieldstreet has rebranded as Willow Wealth after disclosing $41 million in new real estate defaults, bringing total investor losses to at least $208 million. The firm is repositioning toward third-party private market funds amid rising scrutiny over past performance.
Netflix to Acquire Warner Bros. Discovery for $82.7 Billion in Cash-and-Stock Deal
Netflix has agreed to buy Warner Bros. Discovery for $27.75 per share in a deal valuing the transaction at $82.7 billion. The acquisition includes the Warner Bros. film studio and HBO Max, while WBD’s TV networks will be spun off separately.
Global Billionaire Count Jumps by 287 as Total Wealth Climbs to $15.8 Trillion
By Oleg Petrenko
December 4th, 2025
The number of dollar billionaires worldwide rose by 287 over the past year, reaching 2,919 individuals as total global billionaire wealth expanded 13% to $15.8 trillion.
Lixiang Launches Smart Glasses With Hands-Free Vehicle Control for ¥1,999
By Oleg Petrenko
December 4th, 2025
Chinese EV maker Lixiang has introduced Livis smart glasses priced at ¥1,999, offering hands-free vehicle controls, built-in cameras, and an AI assistant as the company expands into consumer tech.
Transcend Halts SSD Production as NAND Supply From Samsung and SanDisk Collapses
By Oleg Petrenko
December 4th, 2025
Transcend has suspended SSD manufacturing after losing access to NAND chips from Samsung and SanDisk, leaving the company without supply for months and signaling deeper strain in the consumer storage market.
Microsoft Denies Lowering AI Sales Targets After Report of Missed Foundry Goals
By Oleg Petrenko
December 3rd, 2025
Microsoft pushed back against a report claiming it reduced growth targets for its AI products, even as multiple sales teams reportedly missed aggressive goals for Azure’s Foundry platform.
Prada Completes $1.4 Billion Versace Acquisition, Uniting Two Italian Luxury Icons
By Oleg Petrenko
December 2nd, 2025
Prada has finalized its $1.4 billion purchase of Versace, bringing the iconic fashion house under its umbrella after years of pursuit and securing full regulatory approval.
Netflix Moves Toward $59 Billion Warner Bros. Discovery Deal in Potential Industry Shake-Up
By Oleg Petrenko
December 2nd, 2025
Netflix has reportedly made a largely cash offer to acquire Warner Bros. Discovery in a deal valued at roughly $59 billion, positioning the streaming giant to gain control of HBO, CNN, and the Warner Bros. film studio.
Gold Slips as Profit-Taking and Higher Treasury Yields Pressure Prices
By Oleg Petrenko
December 2nd, 2025
Gold prices retreated from a six-week high as rising U.S. Treasury yields and investor profit-taking weighed on the metal, while silver pulled back from its record peak.
Goldman Sachs to Acquire Innovator Capital for $2 Billion to Expand ETF Business
By Oleg Petrenko
December 2nd, 2025
Goldman Sachs agreed to purchase Innovator Capital Management for about $2 billion, adding 159 defined-outcome ETFs and $28 billion in supervised assets to its expanding asset management business.
Apple Replaces Its AI Chief as Pressure Mounts to Catch Up in the AI Race
By Oleg Petrenko
December 2nd, 2025
Apple has appointed former Microsoft and Google DeepMind executive Amar Subramanya to lead its AI division as longtime AI chief John Giannandrea steps down, marking the company’s most significant AI leadership shake-up in years.
Silver Surges to Record Highs in 2025 as Supply Crunch and Industrial Demand Tighten Market
By Oleg Petrenko
November 30th, 2025
Silver has outperformed gold in 2025, soaring 71% amid tightening supply, emptying vaults, and accelerating industrial demand from EVs, AI hardware, and solar technologies. Analysts say prices may continue rising.
Deutsche Bank Lifts 2026 Gold Forecast to $4,450 as Central Banks Drive Demand
By Oleg Petrenko
November 28th, 2025
Deutsche Bank increased its 2026 gold price forecast to $4,450 per ounce, citing stronger investor flows and persistent central-bank buying that continue to tighten supply.
Alibaba Launches $500 Quark AI Glasses as Competition With Meta Intensifies
By Oleg Petrenko
November 27th, 2025
Alibaba released its new Quark AI smart glasses priced from $265 to $536, signaling a major push into consumer AI hardware as global competition with Meta heats up.
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