Ford Motor said Thursday it is recalling 4.3 million pickup trucks and SUVs in the US because a software error may cause trailer brakes not to function and exterior lights to fail.The automaker said the recall covers the 2021 through 2026 F-150, 2022-2026 F-250 SD, Lincoln Navigator, Expedition, Maverick along with some Ranger and E-Transit vehicles.When towing a trailer, the Integrated Trailer Module may lose communication with the vehicle, potentially causing a loss of brake and turn signal lights, or a l ...

Warner Bros. Discovery, at the center of a high-stakes bidding war, reported a 6% drop in quarterly revenue, hurt by declines for its traditional TV and film businesses though its HBO Max streaming service gained subscribers with buzzy series like “Heated Rivalry.”The company in its earnings statement on Thursday did not address its discussions with Paramount Skydance, whose latest offer threatens to upend an existing deal with Netflix. Paramount enticed Warner Bros.’ board back to the bargaining table last ...

Ebay said Thursday it is cutting about 800 jobs, or roughly 6% of its full‑time workforce, as the e‑commerce company moves to streamline operations and align staffing with its strategic priorities.“We are taking steps to reinvest across our business and align our structure with our strategic priorities, which will affect certain roles across our workforce,” the company said. This is the third round of layoffs since 2023. The latest layoffs represent 6% of eBay’s workforce. REUTERSThe layoffs follow eBay’s $ ...

Core Viewpoint - Italian gun manufacturer Beretta is initiating a proxy fight to gain control of Sturm, Ruger and Co., the largest firearms maker in the U.S., by nominating four executives to the board [1][2]. Group 1: Beretta's Strategy - Beretta has built a 10% stake in Ruger and aims to nominate four executives to the nine-member board to increase its influence [1]. - The nominees include notable figures such as William Franklin Detwiler, Mark DeYoung, Frederick Disanto, and Michael Christodolou [2]. Group 2: Ruger's Current Situation - Ruger has experienced a decline in sales and share price, with its stock price dropping over 40% in the past four years [4]. - As of the latest close, Ruger's market capitalization is approximately $581 million [4]. Group 3: Background and Context - Beretta, founded in 1526, generated $1.7 billion in revenue in 2024 and has been actively acquiring competitors, including RUAG Ammotec in 2022 [6]. - The U.S. firearms market is the largest in the world, and Beretta is seeking to enhance its presence in this market [6]. - Ruger adopted a one-year shareholder rights plan to counter Beretta's growing stake, which is a strategy often referred to as a "poison pill" [5].

Group 1 - Nvidia reported $68 billion in sales for its fiscal fourth quarter, a 20% increase that surpassed analyst expectations, indicating strong demand in the computing sector [1][3] - The company's net income reached $43 billion, reflecting a 35% year-over-year growth [2][7] - Nvidia's data center business, which includes chips and networking gear for AI and cloud services, accounted for 91.4% of total sales, amounting to $62.3 billion [3] Group 2 - Nvidia is currently valued at nearly $5 trillion, making it the most valuable publicly traded company and a key indicator for the AI sector [4] - The company's research and development budget of $20 billion has significantly contributed to its revenue growth [4] - Nvidia's stock price has fluctuated due to concerns over potential overinvestment in AI technology, but it has shown resilience, closing at $195.56 before earnings were announced [5]

Core Viewpoint - Netflix CEO Ted Sarandos is making a significant effort to secure the acquisition of Warner Bros. Discovery's streaming service and studio amid rising antitrust concerns and political challenges [1][3][6]. Group 1: Acquisition Efforts - Sarandos is heading to Washington to address antitrust concerns related to Netflix's plans to integrate Warner Bros. Discovery's streaming service with its own [1][3]. - The acquisition deal is valued at $73 billion, which has raised concerns among Netflix shareholders regarding the financial implications and the debt required to finance the deal [6][12]. - Warner Bros. Discovery is reconsidering its agreement with Netflix due to a competing bid from Paramount Skydance, which has proposed a higher offer of $31 per share [8][9]. Group 2: Political and Regulatory Challenges - Sarandos is engaging in a lobbying effort that includes potential meetings with political figures, including President Trump, to mitigate antitrust scrutiny [2][3]. - GOP lawmakers are skeptical of Netflix's programming, viewing it as politically biased, which complicates the company's efforts to gain regulatory approval for the acquisition [4][6]. - The Department of Justice is reportedly scrutinizing Netflix's business model under antitrust laws, which could pose significant hurdles for the acquisition [15][16]. Group 3: Competitive Landscape - Paramount Skydance's bid is seen as having a better chance of regulatory approval due to less overlap with existing services, making it a formidable competitor in the acquisition process [10][14]. - The outcome of the acquisition will be determined by a shareholder vote on March 20, which has garnered significant attention from investors and media alike [12][16]. - The ongoing negotiations and competitive bids highlight the strategic importance of Warner Bros. Discovery's assets, including HBO Max and CNN, in the media landscape [12][17].

Core Viewpoint - The tech sector experienced a rebound after a significant sell-off triggered by a viral research report predicting a dystopian future due to AI, which could lead to unemployment exceeding 10% and a 38% drop in the S&P 500 by June 2028 [1][5]. Group 1: Market Reaction - The Nasdaq index rose over 250 points in midday trading, while the S&P 500 and Dow Jones Industrial Average increased by approximately 50 points and 250 points, respectively [1]. - The previous day, the Dow had dropped more than 800 points following the release of a 7,000-word essay by Citrini Research, which was described as a hypothetical scenario regarding a "Global Intelligence Crisis" [2]. Group 2: Research Report Insights - Citrini Research's essay envisions a future where AI leads to mass layoffs, particularly affecting white-collar workers, and predicts a significant economic downturn [5][7]. - The report suggests a negative feedback loop where AI advancements lead to fewer jobs, increased layoffs, and ultimately a crumbling economy [11][14]. Group 3: Expert Opinions - Prominent economists and firms, including Citadel Securities, have dismissed the report as conjecture, arguing that historical technological changes have not resulted in massive job losses or economic collapse [6][10]. - The acting chair of the White House Council of Economic Advisers characterized the report as "an interesting piece of science fiction," indicating skepticism about its economic validity [5]. Group 4: Industry Concerns - There is growing concern among investors regarding the high costs associated with AI development and the potential for private equity firms to struggle in realizing returns on their investments in the sector [10]. - Tech CEOs have also acknowledged that AI could disrupt the job market, with predictions of unemployment rates potentially reaching 20% in worst-case scenarios [14].

Core Insights - Samsung has launched its Galaxy S26 smartphones, featuring enhanced artificial intelligence capabilities and a new privacy shield mode to protect user screens from onlookers [1][5][6] Pricing and Models - The standard Galaxy S26 will retail at $899, while the Plus model is priced at $1,099, reflecting a price increase of 10% to 13% compared to previous models [2][4] - The Galaxy S26 Ultra will maintain its price at $1,299, the same as last year's version [4] Features and Innovations - The Galaxy S26 lineup includes improved camera and battery features, which are critical factors for consumers considering upgrades [5] - A notable feature is the "Privacy Display" available exclusively on the Ultra model, which prevents side viewing of the screen [6][8] - Samsung emphasizes AI as a key selling point, integrating Google's Gemini technology and adding a new assistant from Perplexity [7][10] AI Integration - The Galaxy S26 is marketed as an "agentic AI phone," designed to assist users by fetching information and content automatically [9] - AI tools will also enhance photo editing capabilities, such as automatically softening skin tones in selfies [10] Market Context - Despite the advancements in AI, there is uncertainty about consumer demand for AI features in smartphones [11] - Apple's iPhone remains the top-selling smartphone globally, indicating that Samsung faces significant competition in the market [13]

Warner Bros. Discovery said Tuesday that it will consider a revised offer by Paramount Skydance to upend its nearly sealed Netflix deal after the hostile bidder upped its $78 billion offer by another $2.6 billion.The real reason for the company’s softening position to the offer by Paramount Skydance appears to have little to do with money and more with the uncertain regulatory environment faced by Netflix, On The Money has learned.WBD investors must ultimately approve any transaction and they are growing in ...

Microsoft on Tuesday unveiled a partnership with SpaceX’s Starlink to expand internet connectivity around the world – signaling its openness to working with Elon Musk’s companies despite the exec’s feud with OpenAI, with which Microsoft has a strategic partnership.The world’s richest person has been engaged in a heated legal battle with OpenAI co-founder Sam Altman – demanding $134 billion from both Microsoft and OpenAI and saying he deserves the “wrongful gains” reaped from his early support of the start-u ...