Finance
Hyundai and Kia will provide free anti-theft repairs to approximately nine million vehicles under a settlement announced December 17, 2025, by Minnesota Attorney General Keith Ellison. According to NBC News, the nationwide agreement covers vehicles manufactured between 2011 and 2022 that lack engine immobilizer technology. The settlement involves 35 states,
Finance
Kraft Heinz announced Tuesday that Steve Cahillane will become chief executive officer effective January 1, 2026. According to CNBC, Cahillane previously led Kellanova through its separation from Kellogg in 2023. He will guide the company through its planned split into two publicly traded entities. Current CEO Carlos Abrams-Rivera will step
Finance
China's retail sales rose just 1.3% year-on-year in November 2025, according to CNBC. The figure represents the slowest growth since December 2022. Analysts had expected growth of 2.8%, matching October's rate of 2.9%. Industrial production climbed 4.8% in November from a year
Finance
Paramount Skydance launched a hostile takeover bid for Warner Bros Discovery on December 8, 2025. The company offered shareholders $30 per share in all cash. According to NBC News, this values the entire company at $108.4 billion. The bid came just days after Netflix announced its deal to acquire
Finance
According to CNBC, Costco reported earnings per share of $4.50 on Thursday, December 11, surpassing analyst expectations of $4.27. The warehouse retailer generated revenue of $67.31 billion for its fiscal first quarter ended November 23, exceeding the $67.14 billion projected by LSEG analysts. Net income reached
Finance
McDonald's removed an artificial intelligence-generated Christmas advertisement in the Netherlands on December 10 after criticism on social media. According to Yahoo Finance, the 45-second commercial titled "the most terrible time of the year" showed Santa in traffic and a cyclist falling in snow. The message encouraged
Finance
The European Commission opened an antitrust investigation into Google on Tuesday over the company's use of online content for artificial intelligence purposes. CNBC reports that regulators are examining whether Google breached EU competition rules. The probe focuses on content from web publishers and videos uploaded to YouTube. EU
Finance
Paramount Skydance launched a hostile takeover bid for Warner Bros Discovery on Monday. The company offers $30 per share in cash for all outstanding shares. This values the entire company at $108.4 billion. According to CNBC, Paramount went directly to shareholders after Warner Bros Discovery rejected previous offers. The
Finance
According to CNN, the container ship Istanbul Bridge completed a maiden voyage through the Northern Sea Route in September 2025. The vessel traveled from China to Europe in 18 days. This journey reduced typical transit times by more than half compared to the Suez Canal route. The ship carried cargo
Finance
The New York Times filed a copyright infringement lawsuit against Perplexity AI on December 5, 2025. According to CNBC, the suit was filed in the Southern District of New York. The newspaper accuses Perplexity of unlawfully scraping its content to power the AI startup's search products. The complaint
Finance
The European Commission fined X €120 million ($140 million) on Friday for breaching transparency requirements under the Digital Services Act. According to CNBC, this represents the first non-compliance decision issued under the legislation adopted in 2022. The penalty targets three specific violations: deceptive design of the platform's paid
Finance
According to CNBC, Micron Technology announced on December 3, 2025, it will exit the consumer memory business. The company plans to discontinue its Crucial brand. Shipments will continue through February 2026. Sumit Sadana, Micron's business chief, stated the company made this decision to support larger strategic customers in