Author: Press Room
One of Hollywood’s biggest names is making a historic splash for one of Los Angeles most iconic brands.Former Disney CEO Bob Iger and Thrive Capital founder Josh Kushner are buying the NBA’s Los Angeles Lakers.The NBA’s Board of Governors must sign on the deal. Kushner and Iger confirmed the news in a statement shared with Business Insider. News of the deal was first reported by ESPN.”As lifelong NBA fans, we are deeply honored for the opportunity to become stewards of the Los Angeles Lakers, one of the most iconic sports franchises in the world,” the pair said. “We have immense…
Author Ahmed Barakat Author Ahmed Barakat Part of the Team Since Aug 2025 About Author Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation. Share Last updated: August 12, 2026 The House passed a stopgap funding bill 220-205 on July 21, moving its proposed government-funding deadline from September 30 to December 4 and placing it after the midterms. This has led to the odds of a Government shutdown happening across all predition markets.But that is no longer the full picture: on August 8, the…
Erik Isakson/DigitalVision via Getty ImagesNebius Group (NBIS) shares are surging some 20% in Wednesday morning trading, propelled by a strong second-quarter earnings report that handily beat analyst estimates. As seen in the daily chart, NBIS is now trading decisively above its 50-day moving average (blue line) after
Although OpenAI still straggles behind Anthropic in a closely watched measure of AI adoption among businesses, there’s a spark of hope for CEO Sam Altman’s company.OpenAI has an advantage over its rival’s priciest and most advanced model, according to new data from Ramp’s AI Index. The data shows that Anthropic’s Fable 5 model generated 75% as much spend as OpenAI’s GPT-5.6 Sol model did in July, indicating that Anthropic’s top model was less popular among businesses. As Anthropic retains its lead in business adoption, weaker demand for top-end AI could ring alarm bells about customers’ spending restraint.Ramp, a financial technology…
Michael Vi/iStock Editorial via Getty Images NXP Semiconductors (NXPI) broke ground on a new assembly and test (A&T) factory in Petaling Jaya, Malaysia, expanding its existing site and strengthening its global manufacturing capacity. The new facility will add approximately 500,000 square feet of production space, bringing the
This as-told-to essay is based on a conversation with mother and daughter, Electra Yourke, 92, and Kate Yourke, 64. Business Insider has verified the cost of the trip. This interview has been edited for length and clarity.Electra: This trip to Spain will be my ninth eclipse in 92 years. The first time I traveled to see one was to Costa Rica in 1991, when I was 57. I booked onto a tour that wasn’t expressly for seeing a total eclipse, but that’s why I was on it.On the day of the eclipse, it had clouded over where we were. Everybody…
Author Ahmed Barakat Author Ahmed Barakat Part of the Team Since Aug 2025 About Author Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation. Share Fact Checked by CryptoNews Editorial Team Author CryptoNews Editorial Team Part of the Team Since Sep 2018 About Author The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for… Last updated: August 12, 2026 The SEC issued joint guidance with the CFTC last week, classifying…
Stanley Black & Decker (SWK) plans to invest $1B in the U.S. through 2028 to support research, manufacturing, and workforce development. About half of the investment will go toward R&D to develop next-generation tools and solutions for trades professionals, while the
CMOs: Get ready to field more sales pitches from Nielsen.The TV ratings giant surprised the ad industry by announcing plans to buy DoubleVerify for $2.15 billion — and sent chins wagging with hot takes about the implications.At stake: trustworthy data.CMOs depend on data to craft their strategies, but it’s often patchy and unreliable. That’s why they need credible auditors to double-check — or double-verify, if you will — those numbers. For CMOs, this deal could simplify audience measurement and ad verification, but consolidation would mean greater concentration of power under Nielsen and one fewer independent player.Eric Salama, former CEO of…
Author Ahmed Barakat Author Ahmed Barakat Part of the Team Since Aug 2025 About Author Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation. Share Fact Checked by CryptoNews Editorial Team Author CryptoNews Editorial Team Part of the Team Since Sep 2018 About Author The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for… Last updated: August 12, 2026 Riot Platforms just demonstrated that a Bitcoin mining company’s most valuable…