Sandy Fire in Simi Valley: Homes Burn, Evacuations Ordered – What It Means for EIX Stock
Simi Valley fire burns 180 acres, damages homes, no injuries reported. Evacuations ordered as strong winds spread flames.
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Seagate Plunges as CEO Warns on Capacity Expansion Pace
Seagate stock fell after CEO warned supply won’t grow fast despite strong AI demand, worrying investors about near-term growth.
Semiconductor Shares Slide as US-China Talks End Without Chip Deal
Chip stocks fell after a Trump–Xi meeting brought no deals. Nvidia, Intel, AMD dropped as hopes for China sales and AI growth cooled.
Blackstone & CD&R Eye Big Buyout of Ben & Jerry’s Owner Magnum
Private equity giants Blackstone and CD&R are exploring a bid for Magnum Ice Cream, the owner of Ben & Jerry’s and Cornetto, viewing it as a major turnaround opportunity.
Bill Ackman Just Bought Microsoft – Here’s Why He Calls It a “Compelling” AI Bargain
Bill Ackman’s Pershing Square just took a big new stake in Microsoft. He calls the valuation “highly compelling” despite a 15% stock drop this year, citing huge AI upside in Azure, M365, and OpenAI.
From Pizza Delivery Guy to Buyout Boss: Papa John's Largest Franchisee Joins $47/Share Takeover Bid
Papa John’s largest U.S. franchisee, who runs nearly 300 stores, is teaming up with Irth Capital in a major $47-per-share bid to take the pizza chain private.