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Stock boom is fueling a ‘retirement party,’ economists say — what it means for workers
Source: CNBC
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Paramount and state AGs settle lawsuit, allowing Warner Bros. merger to proceed
The antitrust lawsuit threatened to delay Paramount's acquisition until mid-2027 and to cost the company hundreds of millions of dollars in fees.
CNBC
Treasury yields ease as global borrowing costs tumble
Treasury yields were lower on Monday following last week's interest rate bonanza.
BBC Business4 outlets
Paramount settles lawsuit with US states, helping clear way for $110bn merger with Warner Bros
States including California and New York sued over concerns of ‘extinguishing competition’ with $81bn merger Paramount has reached a settlement with California and several other states that sued over a proposed $81bn merger with Warner Bros Discovery ( WBD ), according to reports on Monday, clearing the way to consolidate some of Hollywood’s most recognizable TV networks and studios under one owner. Though the merger was approved by the justice department in June, a coalition of 12 states, led by California, had sued over concerns that combining two of the five last legacy studios in Hollywood would “extinguish competition” and lead to fewer movies in theaters and on streaming platforms. Continue reading...
CNBC
FAA halts flights to Newark, Philadelphia, New York because of equipment problem
An FAA equipment problem snarled air travel at Newark Liberty International Airport and Philadelphia International Airport Monday.
CNBC
Bitcoin hits highest level since January at $86,000, as the market debates whether the 'crypto winter' is over
Bitcoin rose above $86,000 on Monday extending a rally over the past few days.
CNBC
What is the White House press pool and why does it matter?
Trump's media ban on three news outlets could limit the public's visibility into the president's actions.