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[ad_1] CNN  —  RedBird Capital Partners announced on Friday that it has purchased Telegraph Media Group for £500 million (nearly $675 million), concluding a protracted bid to acquire the news company. The deal makes US-based RedBird the sole controlling owner of The Telegraph, the right-leaning British news outlet founded in 1855. Per the deal, RedBird will invest funds in The Telegraph’s digital operations to help continue growing subscriptions and expand the outlet’s foothold in the United States, where RedBird already has a constellation of media investments. The deal comes after RedBird struggled for two years to acquire The Telegraph, stymied…

[ad_1] CNN  —  After a slow start to 2025, the Hollywood box office has pulled off a “Stitchpossible” comeback buoyed by a huge holiday weekend. Disney’s “Lilo & Stitch” and the eighth installment of “Mission: Impossible” helped spark a record $325 million estimated box office haul for Memorial Day weekend. “Lilo & Stitch” grossed roughly $145.5 million domestically Friday through Sunday and is expected to earn another $37.5 million by late Monday after expectations of at least $160 million for the three-day weekend. It is expected to be the highest-grossing opening for the holiday weekend, likely edging the 2022 release…

[ad_1] Washington CNN  —  Being an honest public servant will always be a rewarding choice, Federal Reserve Chair Jerome Powell said Sunday in a speech at a pre-graduation ceremony at Princeton University amid months of unrelenting personal attacks from President Donald Trump. “As you navigate the world of bright possibilities that awaits you, I urge you to take on the challenge and the opportunity to serve your fellow citizens,” Powell said. “Fifty years from now, you will want to be able to look in the mirror and know that you did what you thought was right, in every part of…

[ad_1] Artificial intelligence is a deep and convoluted world. The scientists who work in this field often rely on jargon and lingo to explain what they’re working on. As a result, we frequently have to use those technical terms in our coverage of the artificial intelligence industry. That’s why we thought it would be helpful to put together a glossary with definitions of some of the most important words and phrases that we use in our articles. We will regularly update this glossary to add new entries as researchers continually uncover novel methods to push the frontier of artificial intelligence…

[ad_1] New York CNN  —  Markets thought they had a serious debt problem. Now they have a trade war problem to worry about again. Stocks and the dollar fell Friday after President Donald Trump brought the trade war back to the forefront with threats of massive tariffs against one of America’s most valuable companies and one of its most important trading partners. Trump posted on Truth social Friday morning that he would impose a 25% tariff on Apple if it refused to make iPhones in the United States. Minutes later, Trump said he would recommend a 50% tariff on goods…

[ad_1] CNN  —  President Donald Trump said Sunday that he has agreed to give the European Union an extension until July 9 on tariffs, after a “very nice call” from European Commission President Ursula von der Leyen. “(Von der Leyen) said she wants to get down to serious negotiation,” Trump told reporters at Morristown Municipal Airport in New Jersey. “July 9 would be the day, that was the date she requested. Could we move it from June 1 to July 9? I agreed to do that.” “She said we will rapidly get together and see if we can work something…

[ad_1] Scott Galloway, a prominent marketing professor at New York University, says Elon Musk’s links to the cost-cutting White House DOGE Office fueled “one of the greatest brand destructions” of all time.Speaking on an episode of the Pivot podcast, which he cohosts with journalist Kara Swisher, Galloway said Musk’s role with the agency had taken a major toll on Tesla.”Tesla was a great brand,” Galloway said.”The rivers have reversed and the tide has turned entirely against him,” he continued, citing a recent Axios Harris poll that showed Tesla had plummeted from eighth place in the ranking of America’s 100 most…

[ad_1] New York CNN  —  President Donald Trump announced a partnership between U.S. Steel and Japanese steelmaker Nippon that he says will keep the headquarters in Pittsburgh and draw $14 billion in investment toward the US economy. “This will be a planned partnership between United States Steel and Nippon Steel, which will create at least 70,000 jobs, and add $14 Billion Dollars to the U.S. Economy. The bulk of that Investment will occur in the next 14 months,” Trump posted on TruthSocial Friday. Trump will visit the steel plant next Friday for a “BIG rally,” he said. But Trump’s post…

[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.US oil companies are cutting spending and idling drilling rigs, as Donald Trump’s tariffs push up costs and falling crude prices squeeze profits, prompting executives to warn that a decade-long shale boom is ending.Surprise decisions by the Opec+ cartel to pump more oil have compounded the gloom across the US oil patch, sparking fears of a new price war and prompting analysts to cut output forecasts.“We’re on high alert at this point,” Clay Gaspar, chief executive officer at Devon Energy in…

[ad_1] New York CNN  —  Mike Keech, the CEO of Liquid I.V., thinks you have a problem that you might not even be aware of. “A majority of consumers, Americans and people around the world are chronically dehydrated,” he told CNN. “They just don’t know it.” Even if consumers don’t know if they’re actually suffering from a lack of fluids, they’re still buying electrolyte-filled products like they are. Liquid I.V. has become one of the biggest brands to capitalize on hydration, part of the overall “better for you” wellness trend that’s been percolating within the food and beverage industry over…