BUSINESS

GOOGLE AND DISNEY CLASH AS YOUTUBE TV CHANNELS GO DARK

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In a high-stakes standoff that has left millions of subscribers fuming, Disney networks including ESPN, ABC, FX, and National Geographic have vanished from YouTube TV after the two corporate giants failed to reach a licensing agreement. The blackout, which began Thursday night, marks the latest battle in a growing war between streaming platforms and traditional media companies fighting over distribution rights.

PUMA ANNOUNCES FURTHER JOB CUTS AMID SALES DECLINE

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German sportswear manufacturer Puma has announced plans to cut 13% of its global workforce, equivalent to approximately 900 jobs, by the end of 2026, as the company continues to grapple with declining sales. This comes in addition to the 500 positions already eliminated earlier this year under a cost-cutting initiative introduced in March.

SHARES SURGE AT AMAZON WITH DEMAND FOR CLOUD COMPUTING SERVICES

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Amazon's share price surged more than ten percent on Thursday after the online retail and cloud computing giant reported earnings that surpassed market expectations. The company announced a 13 percent increase in quarterly sales, reaching $180.2 billion across its operations. Net income climbed to $21.2 billion, up from $15.3 billion in the prior year. Further boosting investor confidence, Amazon forecast fourth-quarter sales between $206 billion and $213 billion, indicating growth of 10-13 percent.

UBER PLANS TO LAUNCH ROBOTAXIS IN SAN FRANCISCO

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Uber announced Wednesday its plans to launch its own robotaxi service in San Francisco late next year, directly challenging Google-owned Waymo on the rideshare giant's home streets. This development follows a recent alliance between Uber and Nvidia to deploy 100,000 robotaxis starting in 2027. Uber confirmed in an X post that on-road development of more than 100 self-driving Lucid vehicles for the robotaxi program is currently in progress, stating, "The future is on its way.”

SAMSUNG REPORTS RISE IN PROFITS DUE TO INCREASED CHIP DEMAND

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South Korean tech giant Samsung Electronics reported a 32 percent year-on-year increase in third-quarter profits on Thursday, primarily driven by AI-fueled market demand for memory chips. The artificial intelligence industry has significantly boosted both Samsung and SK Hynix, two of the world's leading memory chip manufacturers, as their products have become essential for AI infrastructure. This latest earnings report marks a sharp turnaround for Samsung, whose profits had plunged by over 50 percent in the second quarter due to US restrictions on AI chip exports to China.

NVIDIA BECOMES WORLD'S FIRST $5 TRILLION COMPANY

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Nvidia, the artificial intelligence chip powerhouse, achieved a historic milestone on Wednesday by becoming the world's first $5 trillion company. This surge reflects continued investor confidence in AI's potential to drive a new era of innovation and economic growth.

SHELL LAUNCHES $3.5 BILLION BUYBACK AFTER THIRD-QUARTER PROFITS TOP ESTIMATES

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Shell has announced another $3.5 billion share repurchase plan after posting stronger-than-expected third-quarter results, underscoring the oil giant's ability to deliver consistent shareholder returns despite softer energy prices.

NVIDIA TAKES $1 BILLION STAKE IN NOKIA, SENDING 5G MAKER'S SHARES TO DECADE HIGH

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Nvidia has taken a $1 billion stake in Nokia, a move that instantly sent the Finnish telecom giant's shares soaring more than 26% on Tuesday, their highest level in nearly a decade. The investment cements a deeper partnership between the two companies, focused on artificial intelligence and the next generation of wireless networks.