Oil prices plunged and two U.S. stock indexes hit all-time highs after Iran’s foreign minister said the Strait of Hormuz was open for commercial vessels.
Category Archives: business
David Ellison vows Paramount–Warner Bros. Discovery merger won’t cut film output
Paramount Skydance Chief David Ellison made a surprise appearance at CinemaCon on Thursday, assuring movie theater owners that the studio’s planned acquisition of Warner Bros. Discovery.
From shoes to AI: Why Allbirds is pivoting and changing its business
In a surprising move, the shoe company Allbirds is fleeing the footwear business and pivoting to AI. The company announced it is changing its name to “NewBird AI” and struck a $50 million agreement to fund the new venture.
Jury Finds Live Nation and Ticketmaster Operated as a Monopoly
A federal jury on Wednesday decided Ticketmaster and its parent company Live Nation have been operating as an illegal monopoly. The jury’s verdict sides with claims from over 30 states in one of the biggest anti-trust cases in recent history. The entertainment giant is accused of stifling competition by controlling every aspect of the live music industry from concert bookings and ticketing to venues and promotions. NBC’s Emilie Ikeda reports for TODAY.
Markets Rally on Wall Street Amid Hope for End of War in Iran
As the war in Iran continues, the markets saw a record-setting day of trading on Wednesday with both the Nasdaq and S&P 500 closing at all-time highs after President Donald Trump said the war in Iran is “very close to over.” Gas prices remain high, but Treasury Secretary Scott Bessent suggested they will get into the $3 range some time by the summer. NBC’s Christine Romans joins TODAY to break down what you need to know.
Jury finds Live Nation liable in antitrust trial
A jury found that Live Nation and its subsidiary, Ticketmaster, illegally maintained monopoly power in the ticketing market. NBC News’ Misty Marris and Allie Canal detail the high-stakes antitrust trial and how this will impact customers.
Live Nation illegally monopolized ticketing market, jury in antitrust trial finds
A jury in a high-stakes antitrust trial found Wednesday that Live Nation and its subsidiary Ticketmaster illegally maintained monopoly power in the ticketing market
S&P 500 hits new all-time high as investors shrug off Iran war oil price spike
The S&P 500 hit a new all-time high Wednesday, a remarkable turnaround for stocks while the war with Iran drives up energy prices and cuts into global growth.
Allbirds, once a buzzy shoe startup, pivots to AI
The shoe brand that was a favorite of the Silicon Valley tech scene is moving away from footwear and onto what its wearers have been obsessing over the most: AI
How to Give Back Without Spending: Donate Time, Skills, More
April is National Volunteer Month so NBC’s senior business correspondent Christine Romans joins TODAY to talk about how to make a difference without busting your budget. She shares low-cost ways to give back including spending time visiting senior centers, cleaning up local parks, mowing a neighbor’s lawn, supporting a small business and more.