Dow Jones Top Company Headlines at 5 PM ET: PayPal in Talks to Sell Itself to Stripe, Private-Equity Firm Advent | JPMorgan ...

Dow Jones08-15 05:00

PayPal in Talks to Sell Itself to Stripe, Private-Equity Firm Advent

The fintech startup and private-equity firm Advent offered to buy the struggling payments company in July.

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JPMorgan Ended Banking Relationship With Polymarket Over Regulatory Concerns

The move comes as questions about prediction markets and debanking swirl.

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BP, XRG Partner on Venezuelan Offshore Gas Development as Oil Majors Tentatively Return

The companies received an exploration and production license that could give them access to an estimated 4 trillion cubic feet of recoverable gas.

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Canada Union Says Stellantis Eyeing Sale of Toronto-Area Plant

The company last year said it would shift manufacturing to Illinois as pressure mounted from President Trump for car companies to shift operations to the U.S.

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DeepSeek Lifts AI Model Prices Fourfold

China's DeepSeek is hiking prices for its flagship V4 models amid fierce competition among artificial intelligence players, though its latest prices remain well below its rivals'.

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Reddit Will Join the S&P 500 at a Crucial Time for the Stock

The social-media platform will replace AvalonBay Communities before the market opens on Tuesday.

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Citi Strikes Rare Acquisition With Rewards Startup Kard

Citi will work with the start-up on ways to deliver more personalized experiences. Terms of the transaction weren't disclosed.

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Applied Materials Stock Falls After Earnings Weren't Quite Good Enough

Applied Materials reports better-than-expected earnings for its fiscal third quarter, but investors aren't impressed.

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How Big Tech's Earnings Are Inflated by Other Tech Companies

Gains on investments in companies like Anthropic are boosting earnings at some of the biggest technology companies.

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Berkshire-Backed Marubeni Favors Strong Yen

The Japanese trading house favors a stronger yen to better leverage a $12 billion investment plan, its CEO said, as a firmer currency gives it greater firepower for overseas acquisitions.

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Charter Gets Final State Approval for $21.9 Billion Cox Deal

Cable and broadband providers have received regulatory clearance from California after agreeing to some concessions on affordability.

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Apple Showcases Texas Mac Mini Factory, New Manufacturing School

In one of his last public appearances as CEO, Tim Cook and Commerce Secretary Howard Lutnick toured a facility meant to highlight its investments in U.S. supply chains.

 

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