Netflix drops $83 billion bid for Warner Bros. Discovery, paving way for Paramount Skydance deal

Netflix said on Thursday that it will not match Paramount Skydance’s latest bid for Warner Bros. Discovery, clearing the way for a massive merger that could shake up the entertainment and media industry.  Netflix agreed in December to buy part of Warner Bros. Discovery for $27.75 a share, or $82.7 billion. But Paramount Skydance had … Read more

AI giant Nvidia made $120 billion in profit last year. Investors are still spooked.

Nvidia — the most valuable company in the world thanks to its place atop the AI food chain — generated a staggering $120 billion in profits last year. This includes an eye-popping $43 billion during the three-month period ending in January, one of the strongest quarters of any business ever recorded. Investors didn’t seem to … Read more