Tag: Breaking News: Business
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United Wholesale Mortgage plunges 40% after suspending dividend and raising capital
“We’re taking decisive action to make UWM stronger, more liquid and better positioned to win for years to come,” CEO Mat Ishbia said in a statement.
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Rep. Jim Jordan, House Republicans raise alarms over new South Korean ‘fake news’ law
GOP members of the House Judiciary Committee on Thursday sent a letter to South Korean regulators raising concerns about a law they say will lead to censorship.
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Fox advertising, streaming service Tubi get boost from World Cup
Fox advertising revenue increased 78% during the quarter primarily due to the FIFA Men’s World Cup and growth at ad-supported streaming service Tubi.
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Fox won’t renegotiate NFL media rights before current deal expires, CEO Lachlan Murdoch says
Fox has decided not to renegotiate its current TV deal with the NFL until the expiration of the league’s opt-out clause in 2030, said CEO Lachlan Murdoch.
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The divide between Eli Lilly and Novo Nordisk is widening after their latest earnings
As Lilly widens its lead in the obesity race, Novo is still racing to win back market share and restore investor confidence in its pipeline.
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Ford’s new ‘Fathom’ electric pickup truck will start at $28,000
It’s the first vehicle to be built using the “Universal Electric Vehicle” platform that Ford has said is key to making money with EVs.
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Shaquille O’Neal says WNBA players’ treatment of Caitlin Clark is a rite of passage
Harsh fouls against Clark and WNBA officiating have fueled a national debate, with some lawmakers demanding accountability from the league.
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Warner Bros. Discovery reports 10% jump in streaming revenue ahead of proposed Paramount combination
Warner Bros. Discovery’s streaming segment surpassed $3 million in revenue for the second quarter, marking a 10% increase from the year prior
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Peloton posts first ever annual net profit, but shares drop as outlook disappoints
Peloton delivered its first ever annual profit in fiscal 2026 but it’s still working to generate sales growth as consumers pull back on big ticket purchases.
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Versant raises 2026 outlook on strength of platforms segment and advertising momentum
Versant noted revenue growth in its platforms business, which includes Fandango and GolfNow, and now, the recent acquisition of Full Swing.
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