Business news
- Netflix says it's struck a deal to buy Warner Bros. Discovery for $27.75 per share - MediaNetflix says it's struck a deal to buy Warner Bros. Discovery for $27.75 per sharePublished Fri, Dec 5 20257:11 AM ESTUpdated 2 Min AgoSara Salinas@in/sara
- Southwest Airlines cuts earnings outlook on government shutdown demand hit - The carrier said it expects 2025 earnings before interest and taxes of about $500 million, down from a previous forecast of $600 million to $800 million.
- Putin says Russia is willing to supply 'uninterrupted' fuel to India, as U.S. pressures New Delhi to cut back - Russian oil exports have declined owing to U.S. sanctions on two of its largest oil companies Rosneft and Lukoil.
- $208 million wiped out: Yieldstreet investors rack up more losses as firm rebrands to Willow Wealth - Yieldstreet is attempting to move past a troubled track record by rebranding to Willow Wealth while customers reel from a still-unfolding collapse of its funds.
- Nvidia partner Foxconn reports 26% revenue spike as AI boom continues - The Taiwanese company has increasingly moved into the AI infrastructure space in recent times
- Global websites back online as Cloudflare issues fix for dashboard issue - Shares of the company were down 4.5% in premarket trading after global websites went down and Cloudflare said it was investigating.
- India cuts rates to 5.25% as expected as central bank flags ‘weakness in some key economic indicators’ - India's central bank cut its policy rate by 25 basis points to 5.25%, matching forecasts from economists polled by Reuters.
- 'China's Nvidia' Moore Threads surges over 400% on trading debut after $1.1 billion listing - Shares of Moore Threads soared by more than 400% on its debut in Shanghai following its $1.1 billion listing.
- CNBC's Inside India newsletter: How a government app in India triggered a backlash over internet freedom - The Indian government asked phone manufacturers to preload a state-run cybersecurity app with no option to disable it, drawing a public backlash.
- Asia-Pacific markets slide after subdued Wall Street session - Asia-Pacific markets slid on Friday following a subdued Wall Street session.