President Donald Trump is blaming the meat packers and U.S. cattlemen for rising beef prices, but the tariffs on beef from Brazil, Australia, New Zealand, Uruguay, feed, farm equipment and machinery are all adding to the price surge.The United States is a big buyer of Australian, Brazilian, and New Zealand beef exports.Brazil is the second-largest beef-producing country and the largest beef-exporting country in the world.Brazilian beef exports tracked by Panjiva plummeted in July and August after multiple t ...

Core Insights - StubHub's shares fell 5% in after-hours trading following its first quarterly results post-IPO, indicating market reaction to financial performance [1] - The company reported an 8% increase in revenue year-over-year, reaching $468.1 million, surpassing the expected $452 million [4] Financial Performance - StubHub recorded a net loss of $1.33 billion, equating to a loss of $4.27 per share, significantly higher than the net loss of $45.9 million, or 15 cents per share, from the same period last year [2] - The substantial loss was attributed to a one-time stock-based compensation charge of $1.4 billion related to its IPO [2] - Gross merchandise sales (GMS) increased by 11% year-over-year to $2.43 billion; when excluding the impact of the previous year's Taylor Swift Eras Tour, GMS growth was 24% [2][3] Stock Performance - StubHub's stock closed at $18.82, reflecting a decline of approximately 20% from its IPO price of $23.50 [3]

The Google corporate logo hangs outside the Google Germany offices on August 31, 2021 in Berlin, Germany.Google said on Thursday said it has disrupted the foreign cybercriminal group behind a massive SMS text phishing operation within 24 hours of filing its lawsuit."This shut down of Lighthouse's operations is a win for everyone," said Google general counsel Halimah DeLaine Prado. "We will continue to hold malicious scammers accountable and protect consumers."Google filed the suit early Wednesday, seeking t ...

Core Points - Tesla is recalling approximately 10,500 units of its Powerwall 2 due to safety concerns related to lithium-ion battery cells [1][2] - The recall is prompted by the potential for the units to overheat, which can lead to smoke, flames, and serious injury or death [1] - Tesla attributes the issue to a defect in third-party battery cells but has not disclosed the supplier's identity [2] - There have been 22 reported cases of overheating, including five incidents of minor property damage, but no injuries have been reported [2]

Core Insights - Major League Soccer (MLS) will transition all its matches to Apple TV starting in the 2026 season, marking a significant shift in both the league's and Apple's media strategy [1][2] - The previous separate subscription service, Season Pass, will be discontinued as part of this move [1][2] Group 1: Media Rights Deal - Apple and MLS signed a 10-year media rights deal in 2022, making Apple the exclusive global home for MLS [2] - Initially, Apple launched Season Pass as a separate subscription for MLS games rather than integrating them into its main streaming service [2][3] Group 2: Season Pass Performance - Season Pass, launched in 2023, costs $14.99 per month, compared to $12.99 for a standard Apple TV subscription [3] - MLS Deputy Commissioner Gary Stevenson noted that the concept of having all matches available in one place was well-received, indicating positive initial reactions to Season Pass [3][4] Group 3: Strategic Shift to Apple TV - Conversations about moving MLS games to Apple TV began as the platform grew, with both parties expressing enthusiasm for the transition [4] - The focus of the deal has been on improving distribution and accessibility for fans rather than extensive renegotiation of terms [5] Group 4: Broader Sports Strategy - Apple has been actively adding sports content to its platform, including a recent five-year exclusive deal with Formula 1 for $140 million annually [6] - The fragmentation of sports viewing has led to a need for a more unified subscription model, as highlighted by Apple Senior Vice President Eddy Cue [7] Group 5: Growth of Soccer in the U.S. - MLS has seen increased popularity, particularly with the arrival of global superstar Lionel Messi at Inter Miami CF [10][11] - The league aims to capitalize on the growing interest in soccer in the U.S., especially with the upcoming World Cup in North America [10]

Federal Reserve Chair Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee at the Federal Reserve on Oct. 29, 2025 in Washington, DC.Federal Reserve Chair Jerome Powell wasn't kidding a couple weeks ago when he said a December rate cut wasn't in the bag.Recent remarks from Powell's colleagues point to plenty of apprehension over whether the central bank should deliver its third consecutive easing of policy when it meets Dec. 9-10.As a result, markets have re ...

Group 1 - Oracle's stock experienced a significant decline, losing one-third of its value after a record high increase of 36% two months prior, marking its worst month since 2011 [1] - The initial surge in Oracle's stock was driven by its strengthening relationship with OpenAI, but investor sentiment has shifted, raising concerns about the sustainability of the AI market and OpenAI's $300 billion commitment to Oracle over five years [2] - Analysts predict that Oracle will generate the least amount of free cash flow among major cloud companies in the GPU sector, leading to expectations of more creative financing solutions to support capital expenditures [3] Group 2 - Oracle is reportedly planning to raise $38 billion in debt sales to finance its AI initiatives, as confirmed by sources familiar with the matter [3]

U.S. Treasury yields held steady on Thursday as investors welcomed the end of the longest government shutdown in U.S. history.The 10-year Treasury yield rose more than 2 basis points to 4.108%. The 2-year note yield was also up more than 2 basis points at 3.587%, while the 30-year bond yield climbed more than 3 basis points to 4.70%.One basis point is equal to 0.01% and yields and prices move in opposite directions. ...

Core Viewpoint - Apple is adapting its App Store policies in response to regulatory pressures, reducing fees for certain app developers while promoting the use of its technology through a new Mini Apps Partner Program [1][4][6]. Group 1: App Store Fee Changes - Apple will reduce its App Store fees from 30% to 15% for some app developers participating in a new program [1]. - The Mini Apps Partner Program incentivizes developers to use Apple's technology in exchange for lower fees [2][5]. Group 2: Mini Apps Concept - Mini apps are lightweight applications that operate within third-party app stores, utilizing web technologies like HTML or Javascript [2]. - WeChat is highlighted as a prominent example, offering millions of mini-apps for various user needs [3]. Group 3: Regulatory Context - Apple faces increasing pressure from European regulators and U.S. court decisions to relinquish control over its App Store and lower fees [4]. - The company has previously introduced similar fee-reducing programs for various types of apps, emphasizing the benefits of its ecosystem [5]. Group 4: Program Objectives - The new program aims to support developers in growing their mini app businesses while enhancing customer experience [6]. - Participants must still provide Apple with specific information regarding each mini app they offer [8].

In this articleCRON-CACRONCURA-CAwatch nowThe hemp industry is bracing for layoffs, production reductions and billions in lost revenue after Congress passed a government funding bill late Wednesday containing a surprise provision that will ban nearly all hemp-derived consumer products.Hemp, a derivative of the cannabis plant, was legalized in the 2018 Farm Bill for industrial uses like rope, textiles and seed. But the law's broad definition created a loophole in federal rules on THC — the psychoactive compo ...