Fox Corp. May Join the Group Buying TikTok's US Operations
Fox Corp. is in talks to invest in the U.S. portion of TikTok alongside other major American players like Oracle and Dell.
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Genuine Parts Weighs Business Separation
Atlanta-based Genuine Parts Co. is weighing separating its profitable auto parts unit (63% of sales) from its industrial business after settling with Elliott Investment Management.
Oracle in Talks With Meta on $20 Billion AI Cloud Computing Deal
Oracle is negotiating a massive $20B cloud computing deal with Meta to power its AI models. This reinforces Oracle's new role as a major AI infrastructure provider, competing with Amazon and Google.
Major Overhaul Planned for H-1B Visas, Including a $100,000 Fee
President Trump is moving to dramatically change the H-1B visa program with a new, massive application fee and revised wage rules. These changes are aimed at curbing visa overuse and protecting American jobs.
Apple iPhone 17 Pro Max Drives Strong Early Demand Across Asia, Resulting in Weeks-Long Shipping Delays
The redesigned iPhone 17 Pro and Pro Max launched with strong early demand in Asia, causing 3-4 week waits globally. Apple faces high stakes to boost sales in China amid intense competition and hopes the new design helps. The thin Air model may struggle due to trade-offs.
Why Lennar’s Home Sales Forecast Missed Expectations
Homebuilder Lennar reported a drop in profit and missed Q4 forecasts for new home orders. High costs, high interest rates, and affordability issues are slowing down the housing market.