latest news in companies
Alphabet Shares Decline Sharply as Soaring Energy Costs Threaten Artificial Intelligence Operations
New York, Wednesday, 25 March 2026.
Alphabet stock has dropped nearly 15 percent from recent highs, driven by surging global energy prices that threaten the profitability of its massive artificial intelligence data centers.
Boston Scientific Faces Class Action Lawsuit Over Misleading Growth Projections
Marlborough, Wednesday, 25 March 2026.
Boston Scientific faces a class action lawsuit for allegedly hiding unsustainable growth rates, a revelation that previously triggered a massive 17.6% stock drop and erased significant investor value.
Meta Faces $375 Million Penalty After Landmark Child Safety Verdict in New Mexico
Santa Fe, Wednesday, 25 March 2026.
Meta must pay a historic $375 million after a New Mexico jury found executives knowingly ignored internal warnings, exposing young users to predators to protect engagement-driven profits.
Blackstone Makes Inaugural Sports Investment with $1.78 Billion Acquisition of Royal Challengers Bengaluru
Bengaluru, Wednesday, 25 March 2026.
Marking its first professional sports investment, Blackstone led a consortium to buy defending cricket champions Royal Challengers Bengaluru for $1.78 billion, underscoring skyrocketing international franchise valuations.
Epic Games Cuts Over 1,000 Jobs to Combat Declining Fortnite Revenues
Cary, Tuesday, 24 March 2026.
To offset financial losses from declining player engagement, Epic Games is cutting over 1,000 jobs and retiring experimental Fortnite modes, signaling broader economic pressures across the gaming industry.
Circle Shares Slide as Looming US Yield Restrictions Overshadow European Expansion Push
New York, Tuesday, 24 March 2026.
Circle’s stock plunged today despite its push for European regulatory clarity. Investors are instead reacting to looming US legislation that threatens to ban lucrative stablecoin yield offerings entirely.