Netflix said Thursday it would not raise its takeover offer for Warner Bros. Discovery, effectively ceding the media giant to a rival bid from Paramount Skydance after deciding the deal was no longer financially attractive. The streaming giant’s co-CEOs Ted Sarandos and Greg Peters said they were “declining to match” Paramount Skydance’s latest offer after Warner Bros. Discovery’s board declared i...
Netflix said Thursday it would not raise its takeover offer for Warner Bros. Discovery, effectively ceding the media giant to a rival bid from Paramount Skydance after deciding the deal was no longer financially attractive. The streaming giant’s co-CEOs Ted Sarandos and Greg Peters said they were “declining to match” Paramount Skydance’s latest offer after Warner Bros. Discovery’s board declared it a “Superior Proposal” under the terms of its existing merger agreement with Netflix. The...
wildpixel/iStock via Getty Images By Jennifer Nash Gas prices rose for a sixth straight week, the longest streak since 2023. As of February 23rd, the price of regular gas was up 1 cent and the price of premium gas was up 2 cents from the previous week. According to GasBuddy.com, California has the highest average price for regular at $4.59, and Oklahoma has the cheapest at $2.33. Currently, the na...
wildpixel/iStock via Getty Images By Jennifer Nash Gas prices rose for a sixth straight week, the longest streak since 2023. As of February 23rd, the price of regular gas was up 1 cent and the price of premium gas was up 2 cents from the previous week. According to GasBuddy.com, California has the highest average price for regular at $4.59, and Oklahoma has the cheapest at $2.33. Currently, the national average price for a gallon of regular gasoline stands at $2.94, with premium gasoline averaging $3.92 per gallon. One year ago, regular gas was priced at $3.13 per gallon, while premium gas was at $4.08 per gallon. Gas Prices: Inflation-Adjusted Reality The volatility in crude oil and gasoline prices has been clearly reflected in recent years in both the consumer price index (CPI) and personal consumption expenditures (PCE). In this next chart, we take a look at the same gasoline prices shown in the first chart but adjust for inflation using the CPI. For an easier way to visualize the effects of inflation, this next chart overlays the nominal price with the real price for each type of gasoline (regular and premium). Components of Gasoline Retail Price The retail price of gas is made up of four main components: 1) cost of crude oil, 2) refining costs and profits 3) distribution and marketing costs and profits, and 4) taxes. West Texas Intermediate Oil This next chart shows the West Texas light crude oil price over the past 8 months. As of February 23rd, WTIC end-of-day spot price for crude oil closed at $66.31, up 6.4% from the previous week and the highest level since July. The next chart is a monthly chart overlay of West Texas light crude, Brent crude, and unleaded gasoline end-of-day spot prices. ETFs associated with gasoline, WTIC crude oil, and Brent crude oil include United States Gasoline Fund LP ( UGA ), United States Oil Fund LP ( USO ), United States Brent Oil Fund LP ( BNO ), and Invesco DB Oil Fund ( DBO ). Original Post Editor's Note: The summary bullets...
(RTTNews) - The China stock market on Thursday ended the two-day wining streak in which it had gained more than 65 points or 1.3 percent. The Shanghai Composite Index now sits just beneath the 4,150-point plateau and it's likely to open in the red again on Friday.
(RTTNews) - The China stock market on Thursday ended the two-day wining streak in which it had gained more than 65 points or 1.3 percent. The Shanghai Composite Index now sits just beneath the 4,150-point plateau and it's likely to open in the red again on Friday.
City Developments Ltd. , the Singapore property group controlled by one of the country’s wealthiest families, saw its profits triple last year, helped by a renewed housing boom and divestments to trim debt. Net income jumped to S$630 million ($498 million) in 2025 from S$201 million a year earlier. Revenue rose 9.7% to S$3.6 billion, more than the S$3.5 billion average estimate of analysts. The fi...
City Developments Ltd. , the Singapore property group controlled by one of the country’s wealthiest families, saw its profits triple last year, helped by a renewed housing boom and divestments to trim debt. Net income jumped to S$630 million ($498 million) in 2025 from S$201 million a year earlier. Revenue rose 9.7% to S$3.6 billion, more than the S$3.5 billion average estimate of analysts. The firm backed by the billionaire Kwek clan has been seeking to move on from a damaging feud between the father-son duo who lead it. It has focused on selling assets to cut debt, achieving about S$2 billion in divestments last year. Read More: The Succession Drama Inside Singapore’s Richest Family While CDL has lost its crown as Singapore’s largest listed developer to rival UOL Group Ltd. since the rift broke out, its stock has been supported by a broader rally in the real estate sector in the past few months. CDL shares are up 17% this year versus a 6.9% gain in the Straits Times Index . Property development contributed most to the revenue jump, with a 24% increase year-on-year, driven mainly by Singapore projects. CDL generated a record S$4.4 billion in residential sales in the city-state. “2025 was a year of reflection, resilience and disciplined execution for the Group amid a challenging environment,” Chief Executive Officer Sherman Kwek said in a statement. The CEO said the firm is actively reviewing its growth strategy, portfolio structures and capital allocation priorities. It’s also enhancing its dividend policy “to better align with shareholders’ interests.” CDL intends to declare ordinary cash dividends at least once a year, with a payout ratio of at least 35% of reported net profit. The firm is offering a total ordinary dividend of S$0.28 per share for 2025. Last year’s divestments included the sale of a majority stake in a marquee S$2.75 billion office complex , assets in Singapore and the US as well as a stake in a hotel in Osaka . The firm recognized a net impairme...
On February 17, 2026, Corvex Management disclosed in a Securities and Exchange Commission (SEC) filing that it sold out its entire position in MDU Resources Group (NYSE:MDU) , offloading 4,183,151 shares in the fourth quarter. According to a Securities and Exchange Commission (SEC) filing dated February 17, 2026, Corvex Management sold all 4,183,151 shares of MDU Resources Group during the fourth ...
On February 17, 2026, Corvex Management disclosed in a Securities and Exchange Commission (SEC) filing that it sold out its entire position in MDU Resources Group (NYSE:MDU) , offloading 4,183,151 shares in the fourth quarter. According to a Securities and Exchange Commission (SEC) filing dated February 17, 2026, Corvex Management sold all 4,183,151 shares of MDU Resources Group during the fourth quarter. The quarter-end value of the position fell by $74.50 million as a result. MDU Resources Group, Inc. operates as a diversified infrastructure and energy company with a focus on regulated utilities and construction services. Continue reading
The share price of Micron Technology (NASDAQ: MU) has been on a stellar run in the past year, rising an incredible 326% and outpacing the 16% gain in the tech-focused Nasdaq Composite index over the same period. Investors may now be wondering whether it makes sense to buy this high-flying semiconductor stock . That's precisely what this article aims to find out by taking a closer look at Micron's ...
The share price of Micron Technology (NASDAQ: MU) has been on a stellar run in the past year, rising an incredible 326% and outpacing the 16% gain in the tech-focused Nasdaq Composite index over the same period. Investors may now be wondering whether it makes sense to buy this high-flying semiconductor stock . That's precisely what this article aims to find out by taking a closer look at Micron's prospects and valuation. Image source: Micron Technology. Continue reading