Alphabet Just Unloaded Its CrowdStrike Stake—Is Wiz The New Security King?
Alphabet’s CapitalG fund completed its exit from CrowdStrike, selling its remaining 74,230 shares after an earlier trim in Q1, and now has a full focus on Wiz for its cybersecurity expansion.
Bitcoin Falls Back After Hot Inflation Data and Treasury Comments
Bitcoin (BTC-USD) fell more than 3% on Thursday following a hotter-than-expected U.S. Producer Price Index (PPI) report and comments from Treasury Secretary Scott Bessent regarding a potential U.S. strategic reserve.
Stock Market Today: Stocks Waver as Hot PPI Reading Clouds Rate-Cut Optimism
U.S. stocks struggled on Thursday as a hotter-than-expected Producer Price Index (PPI) report for July dampened expectations of a bigger Federal Reserve rate cut in September.
Disney Trades Down ESPN Stake To Secure NFL Network & Redzone—Can It Surpass Netflix’s Live-Sports Ambitions?
Disney agreed to swap a 10 percent stake in ESPN for full control of NFL Network and RedZone—a deal worth $2.5–3 billion that reduces Disney’s ownership from 80 percent to 72 percent and Hearst’s from 20 percent to 18 percent.
Avantor Faces Activist Fire: Why Engine Capital Wants It Sold Now!
Avantor has landed in the sights of Engine Capital, which has built a 3% stake and is now pressing the $7.8 billion life sciences supplier to either sell itself or execute a strategic overhaul.
Intel’s NEX Spin-Out Faces A Game-Changer—Ericsson Steps Up
Intel’s freshly spun-off networking and edge business, NEX, is making waves after reports surfaced that Ericsson is in late-stage talks to inject millions into the standalone unit for a minority stake.
Ethereum Nears Record Highs as Investors Eye Long-Term Potential
Ethereum (ETH), the world’s second-largest cryptocurrency by market cap, has surged to a near record high, fueled by optimism from Wall Street and regulatory clarity in the digital asset space.