Day: April 19, 2025

Capital One Financial Corp. has received approval from US regulators to purchase Discover Financial Services in a deal valued at $26 billion. The Federal Reserve and Office of the Comptroller of the Currency have given their nod, citing the financial resources of both companies, community needs, and competitive stability impacts as key factors. Source: https://www.bloomberg.com/news/articles/2025-04-18/capital-one-deal-for-discover-wins-approval-from-us-regulators

Sunderfolk is a game that has snuck up on me and exceeded my expectations in terms of its innovative approach to tabletop RPG gameplay on the modern gaming landscape. Developed by Secret Door and published by Dreamhaven, the brainchild of Blizzard co-founder Mike Morhaime, Sunderfolk brings together the best of both worlds – the social … Read more

Porsche’s new 911 GT3 with a six-speed manual transmission has set a new lap time record at the Nordschleife, shaving off nearly 9.5 seconds from its predecessor model equipped with the PDK automatic gearbox. According to Andreas Preuninger, Director of GT Model Line, the new model’s improved performance is due to its more stable chassis … Read more

Munchkin, a leading manufacturer of baby products, is warning that new tariffs on imports from China are having devastating effects on its business and the industry as a whole. The company’s CEO, Steve Dunn, recently wrote an open letter to President Trump and members of Congress about the harm tariffs are causing. Due to increased … Read more

The S&P 500 (^GSPC) dropped 19% from its record high following President Trump’s announcement of severe tariffs on April 2. However, the index has since rebounded slightly due to a pause in the most aggressive duties for 90 days. Wall Street experts warn of uncertainty and volatility in the short term, with an elevated chance … Read more

A brand-new Boeing 737 Max jet was caught up in the ongoing trade war between the US and China. The plane, one of three jets that arrived at Boeing’s completion plant in Zhoushan, China since March, reportedly returned to the US shortly after arrival. The Chinese government has instructed domestic airlines not to order new … Read more

Economists are on the lookout for signs that a US recession may be looming, but they caution that a serious downturn is not inevitable. Two former Federal Reserve officials share their methods for gauging the economy’s health. Al Broadus, former president of the Richmond Federal Reserve Bank, uses traffic patterns to gauge economic activity. He … Read more

Parkinson’s disease, a brain disorder affecting over 1 million Americans, may have a powerful new treatment option: stem-cell transplants. Two small studies found that transplanted stem cells began producing dopamine and eased symptoms in patients. Researchers at BlueRock Therapeutics administered stem-cell products to Parkinson’s patients during surgery, injecting the immature cells into areas of the … Read more

Bill Ackman’s Pershing Square Capital Management has invested nearly 20% in Hertz Global Holdings Inc., betting on the company’s turnaround plan and the potential boost from tariffs on imported vehicles. The investment suggests a confidence in Hertz’s strategy to increase its vehicle value. Source: https://www.autonews.com/retail/mergers-acquisitions/an-hertz-takeover-tariffs-0418

Blizzard has announced that Overwatch 2’s highly anticipated Stadium mode will launch next week, bringing a new type of gameplay experience to the popular hero shooter. Stadium is designed as a permanent core experience, featuring best-of-seven series with condensed matches, post-round buy phases for items and abilities, and third-person play options. However, when it launches … Read more