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U.S. diesel prices topped $6.50 for the first time on Monday, with the war in Iran straining supplies and threatening further inflation. Prices have surged more than 87 cents in September, according to AAA, with consequences for the broader economy, since diesel powers everything from shipping to farming to manufacturing. Meanwhile, energy markets are also suffering from an unexpected issue — the cost of operating tankers has risen 12-fold in the last year to over $1 million a day. "The price of shipping tells the story," notes NCCapital's Adam Hanafi.
U.S. diesel prices climbed above $6.50 a gallon for the first time Monday, setting another record as the war involving Iran continues to disrupt global fuel supplies and transportation routes. The surge is creating a new inflation threat because diesel sits at the center of the American economy, powering trucks...
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Paramount is discussing a settlement with California's attorney general that includes a $1.5 billion investment in the state and a promise not to leave, The Wall Street Journal reports, citing unnamed sources. Multiple states have sued to stop Paramount's $81 billion merger with Warner Bros. Discovery, and advanced talks have included a promise not to sell either studio lot, as well as the installation of a board to maintain CNN's independence. If Paramount fails to honor a pledge to release 30 movies a year, it could be forced to sell its stake in Miramax.
Paramount is discussing a potentially sweeping settlement with California Attorney General Rob Bonta that could remove one of the biggest remaining obstacles to its proposed merger with Warner Bros. Discovery. Among the concessions under consideration is a $1.5 billion commitment to film and television production in...
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After years of fielding criticism that its business model contributes to rising housing costs, Airbnb has pledged at least $250 million to support affordable housing. Co-founder and CEO Brian Chesky wrote on LinkedIn, "I know there will be skepticism about this, and that's okay." The funds will go to help developers finance multifamily housing projects, with the first tranche of about $6 million earmarked for a 200-unit development in Austin, Texas.
Airbnb is committing at least $250 million to help finance affordable and mixed-income housing projects, marking one of the company's most significant efforts yet to address concerns surrounding housing supply and affordability. The company launched its new Housing Accelerator initiative this week, providing...
Meta CEO Mark Zuckerberg has entered the growing debate over artificial intelligence safety, arguing that AI companies already have strong incentives to make their systems safe without collectively slowing the pace of development. Zuckerberg outlined his position in a social media post Tuesday, pushing back against...
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2 min read
OpenAI is in talks for another massive private funding round that could raise its valuation to about $1.2 trillion, the Financial Times reports, citing anonymous sources — even before its expected blockbuster IPO. The discussions come at the behest of the investors, the sources say, who just months ago poured $122 billion into the ChatGPT maker. The details could change, but as one LinkedIn member notes, "When investors bring you money themselves, there’s no rush to go public."
OpenAI is reportedly in discussions for another massive private funding round that could value the artificial intelligence company at approximately $1.2 trillion, according to the Financial Times. The potential financing would come even as OpenAI is expected to pursue a major initial public offering, potentially...
Stanford University Graduate School of Business has taken the top spot in LinkedIn’s 2026 Top MBA Programs ranking, which evaluates 100 business schools around the world based on career outcomes for their graduates. The ranking is designed to look beyond traditional measures such as reputation and academic...
