In a move that could reshape the entertainment industry, Warner Bros. Discovery’s board has approved Netflix’s acquisition of the Warner Bros. studio assets, pending regulatory clearance. The deal, which would see Netflix maintain control of HBO Max and HBO while Warner Bros. Discovery spins off its major cable networks into a new entity, represents one of the most significant media consolidations in recent years. This strategic separation highlights the diverging paths of streaming-focused content and traditional cable television in a rapidly evolving market.
about Netflix to Acquire Warner Bros. from Warner Bros. DiscoveryCNN
0 in Finance and 0 in Crypto last weekBlackRock Bullish, Binance for Kids, Kalshi-CNN Deal: Daily Crypto Recap
In a series of developments signaling crypto’s continued maturation and expansion, institutional giant BlackRock has signaled a sustained risk-on investment posture extending into 2026. Concurrently, exchange leader Binance is launching a youth-focused initiative, and prediction market platform Kalshi is partnering with media titan CNN. These moves collectively underscore the digital asset sector’s push into mainstream finance, education, and media.
about BlackRock Bullish, Binance for Kids, Kalshi-CNN Deal: Daily Crypto RecapRecord Stock Holdings Leave Americans Vulnerable to Downturn
American households have reached unprecedented levels of stock ownership, with equities now comprising 45% of financial assets according to Federal Reserve Bank of St. Louis data. While this concentration has delivered substantial gains during the market’s sustained climb, financial experts warn it creates significant vulnerability to potential downturns, raising concerns about financial stability should market conditions reverse.
about Record Stock Holdings Leave Americans Vulnerable to DownturnDOJ Threatens Legal Action Over ICE-Tracking App
The ICEBlock app, which alerts users to nearby ICE activity, has sparked a legal and political battle with the U.S. Department of Justice (DOJ) and Department of Homeland Security (DHS). Officials argue the app endangers law enforcement by revealing their locations, while creator Joshua Aaron defends it as a tool for community protection. The app, downloaded over 100,000 times, provides anonymous real-time alerts but has faced backlash from figures like Attorney General Pam Bondi and ICE Acting Director Todd M. Lyons, who blame it for a 500% rise in assaults on agents. Despite threats of prosecution, Aaron refuses to back down, framing the app as resistance against authoritarian overreach.
about DOJ Threatens Legal Action Over ICE-Tracking AppTrump Disputes Report on Iran Airstrikes’ Impact
President Donald Trump has publicly contested a Pentagon intelligence report indicating that the airstrikes he authorized against Iran had only a limited effect on its nuclear capabilities. Trump claimed on Truth Social that the nuclear sites were ‘completely destroyed’ and accused CNN and the New York Times of collaborating to downplay the operation’s success. Speaking at a NATO summit, he dismissed the report as ‘inconclusive’ but maintained his stance on the strikes’ effectiveness. The discussion also featured insights from financial and legal experts Ken Moelis, Anahita Thoms, and Myron Brilliant.
about Trump Disputes Report on Iran Airstrikes' ImpactTrump Crypto Dinner Sparks DOJ Probe Calls
US House Speaker Mike Johnson avoided addressing whether attendees of Donald Trump’s crypto dinner should be disclosed, amid calls from 35 House Democrats for a DOJ probe. Johnson claimed ignorance about the May 22 event, where Trump hosted top holders of his memecoin. CNN’s Jake Tapper pressed Johnson on transparency, noting the undisclosed guest list and potential foreign money involvement. The controversy highlights growing scrutiny over political figures’ ties to cryptocurrency ventures.
about Trump Crypto Dinner Sparks DOJ Probe CallsBitcoin Surges Above $95K Amid US-China Trade Talks
Bitcoin’s price climbed above $95,000 amid speculation over US-China trade negotiations, with Donald Trump signaling potential progress while China rolled back some semiconductor tariffs. The crypto market rally mirrored gains in US stocks, though analysts caution that lingering trade uncertainties and declining consumer sentiment could signal continued volatility. Ethereum rose 2% while XRP dipped, and broader indices like the S&P 500 and Nasdaq posted weekly gains despite remaining below pre-tariff announcement levels. Market observers note that without concrete trade agreements, choppy conditions may persist.
about Bitcoin Surges Above $95K Amid US-China Trade TalksArgentina President Milei Faces Impeachment Over Libra Crypto Scandal
Argentine President Javier Milei faces impeachment calls following the collapse of the crypto token Libra, which he promoted to boost the economy. The token surged to $5 before plummeting to under $1, leading to accusations of a scam. Despite denying involvement, Milei’s initial endorsement has sparked a political scandal, with critics highlighting red flags surrounding the project.
about Argentina President Milei Faces Impeachment Over Libra Crypto ScandalStock Market Update S&P 500 Hits Record CNN Plans Layoffs and More
The S&P 500 reached a new all-time high, marking its third consecutive winning session, driven by tech sector gains and strong earnings. Meanwhile, Elon Musk questioned the financial commitments of major tech firms backing President Trump’s AI investment project, and CNN is set to lay off hundreds of employees to cut costs. Additionally, Electronic Arts shares plummeted 15% after the company lowered its full-year guidance due to underperforming games.
about Stock Market Update S&P 500 Hits Record CNN Plans Layoffs and MoreKey Market Updates: Layoffs at CNN and Electronic Arts Guidance Cut
Elon Musk attended the inauguration of President Donald Trump, who begins his second term. CNN plans to lay off hundreds of employees to reduce costs, while NBC News is also expected to make cuts, though fewer than 50. Shares of Electronic Arts fell 15% after the company lowered its full-year guidance for bookings, citing underperformance in its soccer franchise.
about Key Market Updates: Layoffs at CNN and Electronic Arts Guidance CutStocks Show Mixed Results Amid Economic Concerns and Tariff Speculation
Stocks experienced a mixed day, with the S&P 500 and Dow Jones gaining slightly, while the Nasdaq dipped. Economic reports indicated a slowdown in job creation and wage growth, alongside concerns about persistent inflation, especially with President-elect Trump’s potential declaration of a national economic emergency to impose import tariffs, which could further elevate prices for consumers. The Federal Reserve’s minutes highlighted significant uncertainty regarding inflation, leading forecasters to predict no interest rate cuts in January.
about Stocks Show Mixed Results Amid Economic Concerns and Tariff SpeculationUS stocks rise as Trump tariffs and jobs report draw attention
US stocks saw mixed results as investors reacted to President-elect Trump’s potential national economic emergency declaration for tariffs. The S&P 500 rose over 0.1%, while the Dow added 0.25%. Meanwhile, the 10-year Treasury yield remained at 4.7% ahead of a key jobs report due Friday.
about US stocks rise as Trump tariffs and jobs report draw attention