SiriusXM $SIRI slipped after naming Anjali Sud its next CEO, putting a new leader in charge as the satellite-radio company works to stabilize subscribers and sharpen its streaming strategy. The appointment brings a media-tech operator with Vimeo experience — but investors are still waiting to see how aggressively she reshapes the business.
https://t.co/hKFYuXKkG2
CKX Lands $CKX surged after Brad Jacobs’ private-equity firm agreed to lead a $1 billion cash investment that will turn the company into a new public platform, with Jacobs set to become chairman and CEO while continuing to run QXO $QXO. The industry hasn’t even been chosen yet — which makes the size of the bet the real story.
https://t.co/0VjFp9HqXm
Sable Offshore $SOC plunged 75% after its sole downstream buyer halted crude purchases in early October for refinery maintenance, leaving the company with a revenue miss and near-term working-capital pressure. Sable says it has started selling to three additional Los Angeles-area refineries — but the market is clearly questioning how quickly that diversification can stabilize cash flow.
https://t.co/PIeCGkN6vb
Analysis: 5G wireless, the next-gen successor to 4G that industry types started hyping a decade ago, now provides high-speed internet to more than 18 million households, per the research firm MoffettNathanson — about 13 percent of all U.S. households. https://t.co/yydLaQDr08
Amazon announced a two-part docu-series focused on first lady Melania Trump’s return to D.C. in 2025, saying the program will provide “unprecedented insight” into her life.
The program, titled “Melania, The Series,” will begin airing Nov. 20 on Prime Video. https://t.co/ZA93imhUN2
The Democratic Party’s takeover of D.C. threatens the AI boom that has been driving U.S. economic growth and stock values.
Investors worry that Democrats, emboldened by their landslide win on Tuesday, will slow the nationwide buildout of AI data centers. https://t.co/zyb0keM5Vt
Breaking News: Stocks plunged over A.I. worries, erasing post-election gains and dragging the S&P 500 to its worst day in more than a year. https://t.co/nLoQjRvzqE
In addition to concerns about a more difficult SpaceX-Tesla merger, SpaceX stock was caught up in the selling frenzy in AI names on Thursday. https://t.co/pt0mLNA4oY
🚨 ONE BANK FAILURE HAS NOW TURNED INTO A NATIONAL CRISIS IN PARAGUAY.
24 hours ago, the central bank shut down ueno bank, a bank used by 60% of the country's adults.
Now the damage is spreading.
• 13 mutual funds run by 5 different firms have frozen withdrawals because their money was invested in ueno
• Trading in all of ueno's bonds has been suspended
• $380M from the state pension fund is stuck, along with money from the state power company and the Itaipú dam
• 2 out of every 3 card payments at big stores ran through ueno, and Paraguay's main importers' association says retail is now "semi paralyzed"
Customers can only get back up to $1,700 for now, with no date given.
The political fallout is just as big.
The central bank chief, who used to run ueno, has resigned. President Peña cancelled a foreign trip to deal with the crisis, and authorities have ordered the arrest of 8 bank executives.
The anger has now reached the streets and Widespread protests are happening now.
The central bank says this is a one-off.
But in October, Paraguay's 14 private banks had already asked it to report on the solvency of other lenders.
BREAKING: 🇺🇸 Google is now paying employees in 5 more countries to quit as AI spending costs keep rising.
Staff in Canada, France, Germany, Japan and Switzerland are being offered one month's pay for every year worked to leave.
The only teams left out are Google Cloud and DeepMind, its AI unit.
Just last week, Microsoft offered the same kind of deal to 60,000 employees, about a quarter of its entire workforce.
Big Tech is cutting staff to pay for AI, with Google, Microsoft, Amazon and Meta on track to spend $735 billion this year, mostly on data centers and chips.