Finance
According to CNBC, Michael Burry has deregistered Scion Asset Management with the Securities and Exchange Commission. The termination took effect November 10, 2025. Burry manages $155 million in assets as of March 2025. The investor sent a letter to clients on October 27 outlining his decision. The Irish Times reports
Finance
Toyota Motor Corporation started production Wednesday at its $13.9 billion battery manufacturing plant in Liberty, North Carolina. According to CNBC, the facility represents Toyota's first battery plant outside Japan and its eleventh manufacturing site in the United States. The company confirmed plans to invest an additional $10
Finance
Web Summit 2025 opened in Lisbon on November 10, bringing together 70,000 attendees from the global technology sector. According to Euronews, the four-day conference features 900 speakers, 2,500 startups, and 1,000 investors. The event faces an unusual logistics problem. Lisbon Airport cannot accommodate the volume of private
Finance
According to U.S. News, Visa and Mastercard are nearing a settlement with U.S. merchants that would reduce interchange fees and relax card acceptance rules. The Wall Street Journal reported on November 8, 2025, that the payment networks would trim interchange fees by an average of 0.1 percentage
Finance
China's consumer prices returned to positive territory in October after spending most of 2025 in deflation. According to CNBC, the consumer price index rose 0.2 percent year-on-year. The reading exceeded analyst expectations of flat growth. Data from the National Bureau of Statistics was released Sunday. The October
Finance
Metsera accepted Pfizer's revised acquisition offer worth up to $10 billion on November 7, 2025. CNBC reports that Novo Nordisk withdrew from the bidding war on November 8. Pfizer agreed to pay $86.25 per share in cash. The offer includes $65.60 per share upfront and contingent
Finance
Coca-Cola released its 2025 holiday advertisement in November, featuring AI-generated animals and Santa Claus. According to The Hollywood Reporter, Jason Zada's company Secret Level produced the spot using generative AI tools. The same studio created last year's controversial AI holiday ad. The new commercial features anthropomorphic
Finance
The Bank of England voted to hold its key interest rate at 4% on November 6, 2025, in one of the closest decisions in recent memory. According to CNBC, five members of the nine-member Monetary Policy Committee voted to maintain rates. Four members opted for a 25 basis point cut
Finance
According to CNBC, McDonald's reported third-quarter earnings on November 5 that missed Wall Street estimates. The fast-food chain earned $3.22 per share excluding restructuring charges. Revenue rose 3% to $7.08 billion. The company's same-store sales increased 3.6%, reversing a 1.5% decline from
Finance
OpenAI signed a seven-year agreement with Amazon Web Services worth $38 billion on November 3, 2025. According to CNBC, the deal provides OpenAI immediate access to hundreds of thousands of Nvidia graphics processing units. The partnership includes both GB200 and GB300 chips deployed through Amazon EC2 UltraServers. OpenAI will begin
Finance
Kimberly-Clark agreed to buy Kenvue in a transaction worth $48.7 billion, according to CNN. The deal combines the Huggies maker with the Tylenol parent company. Kenvue shareholders will receive $21.01 per share, split between $3.50 in cash and 0.14625 Kimberly-Clark shares. The transaction represents a 46%
Finance
Warren Buffett's Berkshire Hathaway reported operating profit of $13.485 billion for the third quarter, according to CNBC. This represents a 34 percent increase from the same period last year. Insurance underwriting income surged more than 200 percent to $2.37 billion. Total revenues reached $94.972 billion