The U.S. ride-hailing giant is in advanced talks to acquire the German food delivery company for approximately €41 per share, a move aimed at expanding Uber Eats' global footprint, according to the Financial Times.
Major global carriers are maintaining extended flight cancellations to key Middle Eastern destinations like Dubai, Tel Aviv, and Riyadh, with many suspensions now lasting until October and beyond due to regional instability.
Dell Technologies led a sharp downturn in AI hardware stocks, with its shares falling significantly as investors reassess high valuations and growing margin pressures across the sector.
Citigroup's stock fell over 5% despite reporting a 45% surge in second-quarter net income, as management's forecast for higher expenses in the second half of the year prompted analysts to revise their estimates.
The U.S. Federal Communications Commission will vote to eliminate the 85-year-old rule capping a single company's national TV audience reach at 39%, proposing a case-by-case 'public interest' review for future media mergers.
The British energy major is selling minority interests in over 10 companies from its venture portfolio, signaling a strategic pivot back to its core oil and gas business under new leadership.
Shares of The Walt Disney Company recovered from an initial dip following a report that the U.S. Federal Communications Commission is preparing to rule against the company in two separate investigations concerning its ABC network.
A 40% surge in investor borrowing against stock portfolios over the past year has pushed margin debt to $1.4 trillion, a level historically associated with market tops, according to analysis from Leuthold Group.
ASML's CFO indicated the company has room to raise prices on its semiconductor manufacturing tools, citing a nearly full order book for its advanced EUV systems through 2027.
