Business news
- Why Warner Bros. Discovery shareholders might opt for Paramount's offer — and why they might not - WBD shareholders must weigh pros and cons of tendering their shares to Paramount for $30 per share. CNBC lays out the arguments on both sides.
- Trump halts wind projects, including Coastal Virginia Offshore Wind, Dominion stock drops 4% - Interior Secretary Doug Burgum said the administration paused the projects due to national security concerns identified by the Pentagon.
- Paramount guarantees Larry Ellison backing in amended WBD bid - Paramount notably did not increase its bid on Monday, reiterating that it believes the deal is superior to Netflix's.
- Supplements in your stocking: Why wellness gifts are gaining steam for the holidays and beyond - Retailers are blurring the lines between beauty and wellness as customers look for holiday gifts and focus on self-care.
- China slaps tariffs of up to 42.7% on EU dairy products, alleging 'damage' to the domestic dairy industry - The tariffs range from 21.9% to 42.7%, and will take effect on December 23.
- Gold and silver prices soar to new highs as the yellow metal reemerges as a hedge - It comes as fiscal deficits and the race for the next chair of the Federal Reserve weighs on investors' minds.
- AI-linked IPOs in China are exploding. But it's not easy for foreigners to join the party - China's hottest artificial-intelligence listings are delivering eye-popping gains. However, it may not be easy for overseas investors to partake in the rally.
- China keeps benchmark lending rates steady for a seventh straight month despite weak economic data - The People's Bank of China kept its 1-year and 5-year loan prime rates unchanged at 3% and 3.5% respectively, holding them for a seventh straight meeting.
- Asia-Pacific markets poised for gains ahead of China's key lending rate decision - Asia-Pacific markets were set to climb Monday as investors look toward benchmark lending rate decisions coming out of China later in the day.
- Why the chocolate in your holiday candy could be ‘fake’ this year - Unpredictable cocoa markets have prompted some candy makers to rethink how they're sourcing chocolate.