Category: Business
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Detavio Samuels, CEO of Revolt, says Offscript is a vertically integrated company that helps creators produce, distribute and monetize content. He tells Romaine Bostick and Katie Greifeld on “The Close” the core focus is on creators anchored on YouTube. (Source: Bloomberg) Source: Bloomberg Markets.
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Boeing Co.’s 777X is slated to fly commercially for the first time in early 2027 instead of next year, people familiar with the matter said, a fresh setback to the US planemaker that sets the stage for potentially billions of dollars in accounting charges. Deutsche Lufthansa AG, the launch customer for the widebody aircraft, is…
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Reliance Industries Ltd. has begun informal talks with banks about the potential listing of its unit Reliance Jio Infocomm Ltd., people familiar with the matter said, a deal that could eclipse the record for India’s biggest-ever initial public offering. Source: Bloomberg Markets.
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Chinese state media are defending a new visa program aimed at attracting global tech talent. Many residents have expressed worries over losing jobs to foreigners as youth unemployment jumps to a two-year high. Bloomberg’s Minmin Low reports. (Source: Bloomberg) Source: Bloomberg Markets.
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YouTube is the most popular place to watch videos in the world, and Jimmy Donaldson is its biggest star. But you may know him as his MrBeast. His main channel has more than 430 million subscribers, more than the population of all but two countries. So far he’s leveraged his fame to sell chocolate bars, snack kits and…
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Serbian President Aleksandar Vucic said that the Russian owners of NIS AD, the country’s main oil company and sole refiner, are prepared to sell a stake in the company to avoid it getting sanctioned by the US. Source: Bloomberg Markets.
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LG Energy Solution Ltd. will start sending workers from South Korea back to the US for essential business trips less than a month after hundreds of employees were detained in a visa crackdown. Source: Bloomberg Markets.
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Brookfield Asset Management will dissolve a toll roads subsidiary that operates the two busiest highways in Peru due to unsustainable losses that the company blames on local authorities. Source: Bloomberg Markets.
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President Javier Milei said Argentina has secured financing through the end of next year and is working on longer term plans, giving a brief boost to the crisis-prone South American nation’s assets. Source: Bloomberg Markets.
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One of the riskiest corners of the US stock market has been rallying hard for the last few weeks, but investors burned by small caps time and again over the past four years aren’t sitting on paper gains. Source: Bloomberg Markets.