A €17 billion ($19.72 billion) joint bid by Bouygues Telecom, Iliad-owned Free and Orange for most of the assets of SFR, France’s second-largest telecom operator, could serve as a key test for Europe’s telecoms market, Reuters said in a report. The non-binding proposal that could reduce the number of French network operators from four to
Loading
14Zions Bancorp announced a $50 million charge-off on two troubled loans at its California Bank & Trust unit, while Western Alliance Bancorp revealed it is suing a borrower for alleged fraud. These developments rattled the regional banking sector, sending both stocks tumbling more than 10% intraday. The turmoil triggered broader selling in regional-bank ETFs and
14Japan’s three largest financial groups — Mitsubishi UFJ Financial Group (MUFG), Sumitomo Mitsui Financial Group (SMBC), and Mizuho Financial Group — are joining forces to issue a stablecoin pegged to both the Japanese yen and the US dollar. The partnership marks a significant milestone in Japan’s efforts to modernise its financial system, improve settlement efficiency,
15The Dow Jones Industrial Average was essentially flat on Friday as traders sought to move past credit concerns that triggered a sharp sell-off in regional banks on Thursday. The index traded 14 points higher, or less than 0.1%, while the S&P 500 shed 0.2% and the Nasdaq Composite fell 0.4%. Stocks that led Thursday’s banking
15Nvidia stock (NASDAQ: NVDA) traded in the red on Friday, as a mix of policy worries and broader market risk-off sent investors scrambling for the exits. In premarket trading, the Nvidia stock was down roughly 2.8% to about $176, and several other chip names, including AMD and Broadcom, showed similar weakness. A key immediate trigger
15Apple has won exclusive US broadcast rights to Formula 1, marking the first time the championship will move entirely to streaming. Starting in 2026, Apple TV will show all races, qualifying sessions, and practice rounds, replacing ESPN as the official rights holder. The move signals a major shift in how audiences will watch the global
15Micron stock (NASDAQ: MU) tumbled on Friday, following Reuters reports that the US chipmaker has decided to abandon China’s server chip market after failing to rebound from Beijing’s 2023 ban on its products. The stock dropped approximately 4% in premarket trading before moderating to around 2.5% lower during regular hours, as investor concerns mounted over
14The commander of U.S. Southern Command (SOUTHCOM), whose area of operations includes the Caribbean waters where the strikes against the alleged drug boats have been conducted, announced he is retiring suddenly by the end of the year. Navy Adm. Alvin Holsey, who became the commander of SOUTHCOM in November 2024, announced Thursday that he would
16The U.S. is planning to offer rewards to Gazans who help locate the bodies of the deceased hostages who were held by Hamas, a pair of senior White House advisors told reporters Wednesday evening. ‘We’re probably going to put together some sort of program where we’re going to ask people to see if they can
Former White House National Security Advisor John Bolton was indicted Thursday on 18 counts related to the improper handling of classified materials, Fox News Digital has learned. According to the indictment, Bolton was indicted on eight counts of transmission of National Defense Information and ten counts of retention of National Defense information. ‘From on or
