Business

Dealmakers are heading into the final weeks of 2025 on a $100 billion cliffhanger. Paramount Skydance Corp.’s hostile bid to snatch Warner Bros. Discovery Inc. from under the nose of Netflix Inc. encapsulates the themes that have shaped a banner year for mergers and acquisitions: renewed desire for transformative tie-ups, massive checks from Wall Street, the flow of Middle East money and US President Donald Trump’s…

The New York Mets’ ballpark in Queens. A Bronx golf course once operated by President Donald Trump ’s company. A slot parlor on a horse racing track near John F. Kennedy International Airport. The three disparate sites, located far from the tourist hub of Manhattan, will become the future homes of New York City’s first Las Vegas-style resort casinos. The state Gaming…

Starting this Wednesday, many Australian teens will find it near impossible to access social media. That’s because, as of Dec. 10, social media platforms like TikTok and Instagram must bar those under the age of 16, or face significant fines. Australian Prime Minister Anthony Albanese called the pending ban “one of the biggest social and cultural changes our nation has…

The immense electricity needs of AI computing was flagged early on as a bottleneck, prompting Alphabet’s Google Cloud to plan for how to source energy and how to use it, according to Google Cloud CEO Thomas Kurian. Speaking at the Fortune Brainstorm AI event in San Francisco on Monday, he pointed out that the company—a key enabler in the AI infrastructure landscape—has…

Costco Wholesale Corp. joined a fast-growing list of businesses suing the Trump administration to ensure eligibility for refunds if the US Supreme Court strikes down the president’s signature global tariffs policy. The nation’s biggest warehouse club chain is among dozens of companies to file lawsuits in a US trade court since late October challenging President Donald Trump’s use of an economic emergency powers…

Air travelers in the U.S. without a REAL ID will be charged a $45 fee beginning in February, the Transportation Security Administration announced Monday. The updated ID has been required since May, but passengers without it have so far been allowed to clear security with additional screening and a warning. The Department of Homeland Security says 94% of passengers are already compliant and…

As millions of Americans brace for dramatically higher health care costs come January 2026, after enhanced Affordable Care Act (ACA) subsidies expire, the White House is expected to propose a two-year extension to prevent a massive spike in premiums. The Committee for a Responsible Federal Budget (CRFB), the nonpartisan budget watchdog that regularly crunches numbers on policy impacts on the…

A new report from McKinsey Global Institute tackles one of the most pressing fears of the modern economy: the sweeping job displacement threatened by artificial intelligence. While McKinsey’s research indicates that current technologies could, in theory, automate about 57% of U.S. work hours, the consulting firm concludes that this high figure measures technical potential in tasks, not the inevitable loss…

That fear could end up being fortuitous. That was the case for Fran Katsoudas, Cisco’s chief people, policy, and purpose officer, who started her three-decade career at the digital communications giant after experiencing such a mix-up. She spoke with HR Brew about how that mishap led to her career, and how she’s thinking about opportunities for today’s entry-level talent amid…

President Donald Trump promised on Monday that his administration will begin issuing $2,000 “tariff dividend” checks to Americans around the middle of 2026, the most specific timetable he has offered yet on a proposal that can’t seem to find a home within a campaign-esque promise, economic argument and political provocation. “We’re going to be issuing dividends later on, somewhere prior…