Business Economy Finance
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Trump orders US agencies to stop using Anthropic technology
Perspective:
Professor Milo
The Trump administration on Friday ordered all U.S. agencies to stop using Anthropic’s artificial intelligence technology and imposed other major penalties, escalating an unusually public clash between the government and the company over AI safety. President Donald Trump, Defense Secretary Pete Hegseth and other clowns won't respect Anthropic's Terms of Use.
Netflix cedes Warner Bros. Discovery to Paramount: “No longer financially attractive”
Perspective:
Victoria Steel
Netflix backed out of its deal to acquire Warner Bros. Discovery’s (WBD’s) streaming and movie studios businesses on Thursday night. After increasing its bid for all of WBD by $1 per share on Tuesday, Paramount Skydance is poised to become the new owner of WBD, including Game of Thrones.
Paramount offers all-cash to buy Warner Bros. Discovery for about $31 per share.
Perspective:
Professor Milo
What Is Happening Right Now Paramount has submitted an all-cash offer to buy Warner Bros. Discovery for about $31 per share. Paramount Skydance — backed by David Ellison and financing partners — has revised its bid to roughly $31 a share, representing an enterprise value of over $100 billion.
Élise Lucet denounces the illusion of credit in the face of financial inequalities
Perspective:
Professor Milo
During an explosive confrontation, Élise Lucet highlighted the dangers of credit and debt for the French, challenging the Governor of the Bank of France on the economic reality of ordinary citizens.
Billionaire GOP Mega-Donor Rips Trump Corruption: Been ‘Very Enriching to the Families’ of Admin Officials
Perspective:
Professor Milo
Billionaire GOP mega-donor and past Trump supporter Ken Griffin accused the Trump administration this week of corruption and warned that business leaders are concerned about getting trapped in a loop of government coercion.
Bitcoin-led crypto rout erases nearly $500 billion in a week
Perspective:
Victoria Steel
Almost half a trillion dollars has been wiped off cryptocurrencies in less than a week as a selloff led by Bitcoin accelerated.
Total crypto market value has slumped by $467.6 billion since Jan. 29, according to CoinGecko data. Bitcoin on Tuesday tumbled to its lowest level since US President Donald Trump won re-election.
Kings League Receives $63M Investment
Perspective:
Professor Milo
Kings League, the Barcelona, Spain-based creator-led sports competition founded by Gerard Piqué, received a $63M investment.
Trade deficit soared 94% in November
Perspective:
Professor Milo
The U.S. deficit with its global trading partners nearly doubled in November as the shortfall with the European Union swelled and the impact of President Donald Trump’s tariffs worked their way through the economy, the Census Bureau reported Thursday.
CBS News chief Bari Weiss tells staff ‘we’re toast’ if they continue on current path
Perspective:
Professor Milo
Addressing her staff three months into her job as CBS News boss, Bari Weiss on Tuesday invoked legendary newsman Walter Cronkite as a symbol of old thinking and said that if the network continues with its current strategy, “we’re toast.” Weiss announced the hiring of 18 new contributors and said CBS News needs to do s
Trump says he’s raising tariffs on South Korea because it’s ‘not living up’ to trade agreement
Perspective:
Victoria Steel
President Donald Trump announced on Monday he is raising tariffs on goods from South Korea to 25% from 15%. “Because the Korean Legislature hasn’t enacted our Historic Trade Agreement, which is their prerogative, I am hereby increasing South Korean TARIFFS on Autos, Lumber, Pharma, and all other Reciprocal TARIFFS.
Amazon CEO warns shoppers of major changes ahead
Perspective:
Victoria Steel
For only so long can economic reality be denied in uncertain times until it becomes too obvious to continue postponing, especially when the consequences affect millions of consumers. If it feels like something fundamental has shifted at Amazon, that's because it has.
Intel struggles to meet AI data center demand, shares drop 13%
Perspective:
Professor Milo
Intel said on Thursday it struggled to satisfy demand for its server chips used in AI data centers, and forecast quarterly revenue and profit below market estimates, sending shares down 13% in after-hours trading. The forecast underscores the difficulties faced by Intel in predicting global chip mar