Business News

(NEW YORK) -- The Walt Disney Company on Thursday announced plans to invest $1 billion in artificial intelligence company OpenAI, in a deal that will grant the company access to copyrighted characters from "Star Wars," Marvel and other properties for users of AI short-form video generator Sora.“The rapid advancement of artificial intelligence marks an important moment for our industry, and through this collaboration with OpenAI we will thoughtfully and responsibly […]

(NEW YORK) -- Paramount launched a hostile bid for Warner Bros. Discovery this week, just days after Netflix struck a deal to acquire the legacy media company.The rival multi-billion dollar efforts to purchase streaming platform HBO Max and movie studio Warner Bros., among other assets, could upend the media industry and shape content viewed by hundreds of millions of people.For now, the outcome remains highly uncertain. Any acquisition of Warner […]

Igor Golovniov/SOPA Images/LightRocket via Getty Images (NEW YORK) -- Some Verizon customers were experiencing a service outage on Wednesday afternoon, according to the company.Verizon said it was not immediately clear how long the service would be down."We are aware of an issue impacting wireless voice and data services for some customers," Verizon said in a statement to ABC News. "Our engineers are engaged and are working to identify and solve […]

(WASHINGTON) -- The Federal Reserve is set to announce its latest adjustment of interest rates on Wednesday, potentially slashing borrowing costs for the third time this year in an effort to boost sluggish hiring.Top officials at the Federal Reserve have displayed a rare degree of public disagreement over a possible interest rate cut. Inflation has picked up in recent months alongside the hiring slowdown, posing a risk of an economic […]

(NEW YORK) -- An inflation report on Tuesday is set to provide a key gauge of the nation’s economy, just days after reports of a Department of Justice probe into Federal Reserve Chair Jerome Powell brought fresh scrutiny to the independence of the central bank and its capacity to manage price increases.Economists expect year-over-year inflation to have been left unchanged at 2.7% in December. Inflation stands at its lowest level […]

 In this photo illustration, a smartphone displays the Paramount Skydance logo in front of a blurred Warner Bros. Discovery emblem, on December 6, 2025, in Chongqing, China. (Photo illustration by Cheng Xin/Getty Images) (NEW YORK) -- Paramount said Monday it is making a bid to acquire Warner Bros. Discovery, swooping in just days after Netflix announced a $83 billion deal to purchase a large part of the media giant.Warner Bros. Discovery (WBD) […]

Money Cash Stocks Decline ( Anton Petrus/Getty Images) (NEW YORK) -- Stocks slid in early trading on Monday hours after reports that the Department of Justice had opened a criminal investigation into Federal Reserve Chair Jerome Powell centered on the central bank leader's remarks to Congress about an office renovation project.Powell, who was appointed by Trump in 2017, issued a rare video message rebuking the investigation as a politically motivated effort to influence the […]

(WASHINGTON) -- President Donald Trump this week issued an attention-grabbing proposal cracking down on Wall Street in an effort to lower home prices and ease affordability woes.In a social media post, Trump said he would move to ban large institutional investors from "buying more single-family homes" and he urged Congress to codify the policy into law. Trump accused industry behemoths of buying up properties and shutting average Americans out of the housing market.“People live […]

(WASHINGTON) -- Hiring ticked down in December, defying the Federal Reserve's effort to boost hiring with a recent series of interest rate cuts, a jobs report on Friday showed. The reading fell short of economists' expectations.The U.S. added 50,000 jobs in December, which marked a slight drop from 64,000 jobs added in the previous month.The unemployment rate dropped to 4.4% in December from 4.6% in November, the Bureau of Labor […]