Economy

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Paramount completes $111bn acquisition of Warner Bros to form new media empire Skydance

David Ellison and ex-Mattel CEO Ynon Kreiz to oversee both film studios, HBO Max, CNN and CBS News as co-executives

The stock market is lying: Wall Street booms, your bank account drowns

The health of the American economy is too often evaluated by metrics that mean absolutely nothing to a family trying to stay afloat. Stock market highs and aggregate growth figures might satisfy financial commentators on television, but they don’t pay the mortgage or guarantee long-term career security.

Trade deficit hits $105.6 billion, widest since just before Trump tariffs enacted last year

That marked a 13.7% jump from July and was ahead of the Dow Jones consensus estimate for $102 billion.

Rebounding oil exports through Strait of Hormuz are vulnerable to stepped-up Iranian tanker attacks

Nearly 20 commercial ships, mostly tankers, have come under attack over the past month while sailing through the Hormuz choke point.

Trump allows cheaper, dyed diesel on highways to blunt historic fuel-cost spike ahead of midterms

The U.S. national average price of diesel topped $6 a gallon in September for the first time ever, as fuel supply disruptions pushed up transportation costs in the country.

'Red' Diesel to Hit U.S. Highways

U.S. President Donald Trump signed an executive order allowing diesel normally reserved for off-road use to hit U.S. public roads and highways.

How Quant Funds Beat the Market by Being 'Early, Contrarian and Right'

Quantitative hedge funds have captured big trends in bonds and oil to outperform the stock market this year.

World Bank warns of AI concentration risks as it lifts East Asia and Pacific growth outlook to 4.5%

The World Bank now expects the region to grow 4.5% this year, but flagged that trade growth outside AI-related goods has been "weak or negative."

Justice Kagan denies last-minute bid to halt Paramount-Warner Bros. merger

Supreme Court Justice Elena Kagan shot down a last-minute emergency application filed by consumers on Monday that sought to halt the Paramount-Warner Bros. merger from closing the following day.

Little room for ‘giving and taking’: India’s finance minister confirms trade impasse with the U.S.

In the latest sign of growing skepticism around the closure of the trade deal between New Delhi and Washington, an Indian minister said there is little room for ‘giving and taking.’

CNBC Daily Open: China Shuts Down Record 670 Banks, New Worries Over Oil and AI

Beijing shuts down a quarter of its banks in order to shore up its financial system, while worries persist over oil and AI.