Latest reporting from the Business desk, in reverse chronological order.
Netflix sweetened its proposal for Warner Bros Discovery with an all-cash structure, seeking to outflank a competing suitor and accelerate a deal that would reshape Hollywood’s power balance.
U.S. stocks fell sharply after President Trump announced new tariffs on imports from eight European countries, adding to market uncertainty and stoking fears of retaliation and prolonged trade friction.
New projections from the Congressional Budget Office anticipate the Federal Reserve will cut short-term rates in 2026, while the benchmark 10-year Treasury yield gradually rises, a mix that could keep borrowing costs elevated for mortgages even as policy rates move down.
A sharp drop in U.S. stocks underscores how quickly trade and tariff threats can rattle markets, with investors reacting to renewed uncertainty around policy and global relationships.
The Trump administration is preparing a major investment package for USA Rare Earth, aiming to strengthen U.S. production of rare earths used in defense and semiconductors and reduce reliance on foreign supply chains.