David Ellison’s Skydance has reached a preliminary deal with Shari Redstone’s National Amusements to merge with Paramount, according to two people familiar with the matter, resurrecting a deal which failed just weeks earlier. Controlling shareholder National Amusements has referred the deal to the Paramount special committee, according to people familiar with the matter. Paramount’s special committee…
A bitcoin exchange that collapsed 10 years ago after being hacked is set to return billions of dollars’ worth of the token to users — and it has investors worried. In a few days, bankrupt Tokyo-based bitcoin exchange Mt. Gox will begin paying back thousands of users almost $9 billion worth of…
When Natasha Craft first got a Yotta banking account in 2021, she loved using it so much she told her friends to sign up. The app made saving money fun and easy, and Craft, a now 25-year-old FedEx driver from Mishawaka, Indiana, was busy getting her financial life in order and planning a wedding.…
DETROIT — General Motors reported its best quarterly sales in more than three years, including notable increases in full-size pickup trucks and all-electric vehicles. The Detroit automaker on Tuesday reported sales of 696,086 for the second quarter, up 0.6% from a year earlier and its highest quarterly units sold since the fourth quarter…
Although the unemployment rate has spent 30 months at or below below 4% — a near record — not everyone who wants a job has one. And not everyone even wants a job at all. Some, referred to as “NEETs,” which stands for “not in employment, education, or training,” are opting out of the labor force…
After months of intense speculation and official reticence, China has finally confirmed its two former defense ministers who vanished from public view last year had been under investigation for corruption. Their dramatic downfall has exposed deep-rooted alleged deceit in key sectors of Chinese leader Xi Jinping’s military modernization drive despite…
A ballistic missile launched by North Korea on Monday might have had an “abnormal” flight trajectory and could have fallen inland, possibly near the capital of Pyongyang, the South Korean military said. North Korea launched two ballistic missiles on Monday morning, according to reports from the South Korean, American and…
Deadly flash flooding due to sudden heavy rains has inundated India’s capital, replacing one of the worst heat waves in Delhi’s history that sent temperatures soaring well above 40 degrees Celsius (104 degrees Fahrenheit). An observatory in New Delhi on Friday reported 228.1 millimeters (nearly 9 inches) of rainfall in a…
A US Marine Corps aircraft has landed on a rebuilt runway on a World War II-era Japanese airfield on the Pacific island of Peleliu, site of one of the Marines’ bloodiest battles of the war and now a possible US basing option in a strategy to counter China. The KC-130…
At least 7 people, including children, were killed and at least 31 injured after Russia launched a missile strike on the town of Vilniansk in Ukraine’s southern Zaporizhzhia region on Saturday, according to Ukrainian officials. “[Today] is a day of mourning in Zaporizhzhia region for those killed in the enemy…