Hertz Reports Boom in Road Trip Rentals Amid Airport Disruptions
Travelers are ditching crowded airports amid the government shutdown. Hertz reports 15% higher website traffic and 33% of rentals for road trips.
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MARA Stock Jumps as Company Sells $1.1B Bitcoin to Buy Back $1B Debt at a Discount
MARA sold 15,133 Bitcoin for $1.1 billion to repurchase $1 billion in convertible notes at a 9% discount, saving $88 million and reducing its debt.
Meta and Google Found Liable for Harming Children on Social Media
Juries order Meta and Google to pay millions after finding them responsible for depression, addiction, and exploitation of young users. First major crack in Section 230 shield sparks appeals that could reshape internet law.
Wall Street Goes Bullish on Arm: Multiple Analysts Raise Price Targets
Analysts are turning bullish on Arm stock. Needham, Barclays, Evercore, Guggenheim, and Citi raise price targets up to $240 as the company bets big on agentic AI and launches its own AGI CPU.
Morgan Stanley: Memory Selloff is Healthy – Strength Will Last Longer
Morgan Stanley analyst says the recent drop in memory stocks is a healthy pullback. Memory supply remains the key constraint for AI growth, with strong cash flow expected to drive Micron and other stocks higher.
Equitable to Merge with Corebridge in All-Stock Deal Worth $22 Billion
Equitable and Corebridge will merge in a $22 billion all-stock deal to create a major retirement and life insurance company with $1.5 trillion in assets. The deal is expected to close by end of 2026.