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.
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.
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 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 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 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 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 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 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 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 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.
Puma shares jumped sharply after reports that Anta Sports and other Asian athletic brands are exploring a potential acquisition of the German sportswear company.
A Singapore teen launched a handyman website for $23 at age 16. A decade later, the brothers behind Repair.sg run a business generating more than $1.3 million a year and employing over 20 staff.
Gold climbed over 1% to its highest level in nearly two weeks after soft U.S. economic data strengthened expectations of a Federal Reserve rate cut next month, lifting demand for non-yielding bullion.
China’s net gold imports via Hong Kong fell sharply in October, sliding about 64% from September as softer domestic demand and high global prices curbed buying activity.