eBay Rejects GameStop’s $56 Billion Takeover Proposal as Shares Slide
eBay rejected GameStop’s unsolicited $56 billion takeover proposal, sending GameStop shares lower as investors questioned the feasibility of the deal.
Story of the Day - Page 15
Catch up quickly with the day’s most important and insightful stories. Our Stories of the Day category curates the standout articles across markets, economy, business, personal finance and innovation. Each post brings together multiple key developments, breaking news or deep-dive features chosen for their impact and relevance. It’s a fast, reliable way to understand what really matters today without scrolling through dozens of feeds. Whether you want a quick overview or a richer perspective, this section delivers the essential stories with context and clarity.
Latest Story of the Day News
Alphabet Closes Gap With Nvidia in Race to Become World’s Most Valuable Company
Alphabet is rapidly narrowing the gap with Nvidia as both companies approach a combined market value above $10 trillion amid the ongoing AI boom.
S&P 500 Hits Record 7,420 as AI and Tech Rally Powers U.S. Stocks
The S&P 500 reached a new all-time high of 7,420 as investor optimism around artificial intelligence and technology stocks continued driving the market higher.
Wall Street Embraces ‘NACHO’ Trade as Oil Shock Bets Intensify
Traders are increasingly positioning around the so-called 'NACHO' trade, betting disruptions in the Strait of Hormuz and elevated oil prices will persist longer than markets expect.
Musk Dissolves xAI, Integrates AI Operations Into New SpaceXAI Division
Elon Musk said xAI will be dissolved and absorbed into a new SpaceXAI division focused on artificial intelligence products. The move comes as Anthropic reportedly leases...
Uber Shares Jump 10% on Strong Bookings Outlook Despite $1.5 Billion Profit Hit
Uber shares rose after stronger-than-expected bookings guidance offset a $1.5 billion hit to net income from equity revaluations in Q1.
Intel Shares Hit Record High After 12% Surge on AI Demand and Apple Partnership Buzz
Intel stock jumped 12% to a record high, driven by AI chip optimism and reports of a potential Apple partnership. The rally has also boosted the...
SanDisk Shares Hit Record High, Up Nearly 4,000% as AI Storage Demand Surges
SanDisk shares reached a new record high, rising nearly 4,000% over the past year as demand for AI data center storage continues to outpace supply.
PayPal Restructures Into Three Core Units to Accelerate Growth Strategy
PayPal announced a strategic reorganization into three business segments, aiming to streamline operations and support future growth.
UBS Profit Jumps 80% to $3 Billion as Trading Boosts First-Quarter Results
UBS reported an 80% surge in first-quarter profit to $3 billion, beating expectations as trading revenue strengthened performance.
Eli Lilly to Acquire Ajax Therapeutics in Deal Worth Up to $2.3 Billion
Eli Lilly will acquire Ajax Therapeutics for up to $2.3 billion, strengthening its pipeline in blood cancer treatments.
Meta to Cut 10% of Workforce as It Pushes Efficiency Amid AI Spending
Meta plans to cut about 10% of its workforce, or over 8,000 jobs, as it streamlines operations and offsets rising AI-related costs.