Netflix shares sink 6.5% in premarket after earnings—CEO talks up Warner deal
While Netflix’s earnings managed to beat Wall Street estimates, the company noted that increased spending on programming and the Warner deal could eat into profits.
Siladitya Ray, Forbes Staff
Saks Global files for bankruptcy
The filing comes a year after the company completed a high-profile merger combining Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman in a $2.7 billion deal.
Warner Bros. urges shareholders to reject Paramount’s amended takeover bid
Warner Bros. Discovery’s board told shareholders Paramount’s amended offer was inferior to Netflix’s takeover bid.
Tesla is no longer world’s biggest EV maker
Tesla ceded the crown of the world’s biggest EV maker to Chinese rival BYD for the first time.
Musk signals reports of SpaceX planning an IPO next year are ‘accurate’
The billionaire’s X post about SpaceX going public comes a few days after reports of the rocket company’s recent private market offerings and 2026 IPO plans.
Netflix to acquire Warner Bros. in $83 billion deal
Netflix beat out smaller bids from Paramount and Comcast.
Crypto slide continues as Bitcoin drops below $82,000—lowest level since mid-April
Bitcoin’s month-long selloff has wiped a large portion of the gains it made since November last year, after President Donald Trump’s election win.
Former Vice President Dick Cheney Dies At 84
Cheney, who served under President George W. Bush, is widely considered to be the most powerful vice president in U.S. history.
Trump says he’ll allow China-Nvidia deals except for ‘most advanced’ Blackwell chips
Trump said Nvidia’s most advanced AI chips will not be sold to China, a few days after he signaled he would be willing to discuss export controls on them with Xi Jinping.
Bernard Arnault’s fortune up $19 billion as LVMH earnings boost stock
The stock surge also pushes LVMH’s market cap to €304.89—making it Europe’s second most valuable company by market cap.