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“Big Short” investor Michael Burry sounded early alarms about the subprime mortgage market’s excesses — the same risks that later engulfed mortgage giants Fannie Mae and Freddie Mac.Now, Burry wrote in a Substack post on Monday that he owns “good size” positions in both companies’ common stock — and believes a long-awaited plan to take them public again may finally be approaching.”Once each company is released from capital restraint by their IPOs, I expect growth to accelerate naturally,” he wrote.In his 6,000-word analysis, Burry wrote that the mortgage giants contributed to the housing bubble by buying large volumes of risky…

President Donald Trump said he wanted to “do what’s right” in the media war brewing between Netflix, Paramount, and Warner Bros. Discovery.On Friday, Netflix said that it would acquire WBD for $72 billion. WBD rejected Paramount Skydance’s offers and proceeded with a sale to Netflix. But on Monday, Paramount launched a hostile bid, with a $30-per-share offer for all of WBD.In response to a question from a reporter about the fight for WBD on Monday, Trump said, “I know the companies very well. I know what they’re doing, but I have to see, I have to see what percentage of…

Paramount Skydance’s bid to purchase Warner Bros. Discovery is a big deal — literally.The all-cash offer of $30 per share works out to a valuation of more than $108 billion, or an equity valuation of $78.7 billion, for WBD’s entire operation, putting it in the upper echelons of hostile takeover attempts in recent decades.In fairness, the $82.7 billion deal, or $72 billion equity valuation, from streaming giant Netflix is also pretty massive. That was the one WBD’s board had agreed on, and it excluded certain pieces of the business.”We are taking our offer directly to shareholders to give them the…

The Securities and Exchange Commission is planning to encourage greater cooperation between U.S. and international standard-setters on accounting and auditing standards as a way to lower costs and complexity for multinational companies, while putting pressure on the International Financial Reporting Standards Foundation to improve its funding and place less emphasis on sustainability standards.During a session Monday at the AICPA’s Conference on Current SEC and PCAOB Developments in Washington, D.C., SEC chairman Paul Atkins and chief accountant Kurt Hohl discussed their plans with Center for Audit Quality CEO Julie Bell Lindsay. Hohl, who was formerly global deputy vice chair of EY’s…

Stellantis plans to offer the Fiat Topolino, an all-electric quadricycle vehicle, in the U.S.StellantisDETROIT – Chrysler parent Stellantis on Monday announced it will offer an all-electric small “car” called the Fiat Topolino in the U.S.The automaker did not announce timing for the vehicle, but Fiat CEO Olivier François confirmed plans to bring the vehicle to the market, with “more details to come next year.”Fiat’s announcement comes less than a week after President Donald Trump praised small “Kei” cars from Japan during a meeting at the White House with Stellantis CEO Antonio Filosa and other U.S. lawmakers and automotive executives.”They’re very…

Jimmy Kimmel is staying with Disney a little longer.The late-night host has signed a one-year extension to stay on ABC’s “Jimmy Kimmel Live!” through May 2027, a person familiar with the deal told Business Insider on Monday.The renewed contract comes just months after Kimmel was briefly pulled off the air following backlash over his comments about the killing of conservative activist Charlie Kirk, a controversy that sidelined him for nearly a week and drew widespread concerns over the First Amendment.In the episode following Kirk’s death in September, among other quips, Kimmel commented on how the president quickly pivoted from talking…

Very few 529 plans earned Morningstar’s top rating for investment quality, management, oversight and fees — but the tax savings are the X factor in educational investment accounts.Just 31 out of 59 savings plans for college and other educational expenses rated “gold,” “silver” or “bronze” ratings from the research firm. But the seemingly poor showing belies general improvements among 529 providers since Morningstar began evaluating them 12 years ago, according to the study last month by research analyst Hyunmin Kim. Regardless, 529 plans in Alaska, Illinois, Massachusetts, Pennsylvania and Utah surpassed their peers in terms of their “exceptional state stewardship…

2025-12-08T21:42:32.472Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Netflix made a winning bid for Warner Bros., but Paramount Skydance went hostile. David Ellison’s Paramount made a direct appeal to investors, and now he’s pitching his own staffers. Read Ellison’s full memo to Paramount employees. Paramount Skydance CEO David Ellison has now made his pitch to buy Warner…

Alina Habba speak during a panel discussion at the Conservative Political Action Conference in February 2025 in Oxon Hill, Md. Andrew Harnik/Getty Images hide caption toggle caption Andrew Harnik/Getty Images Alina Habba, a former personal attorney for President Trump, is stepping down as the top federal prosecutor in New Jersey following an appeals court ruling last week that found she was unlawfully serving in the role. Habba said in a statement posted on social media on Monday that she was not quitting in the face of legal challenges but instead resigning “to protect the stability and integrity” of the U.S.…

Before Netflix made its winning bid for Warner Bros., its co-CEO pitched President Donald Trump directly on the merits of the deal.The pair found common ground, Netflix co-CEO Ted Sarandos said.”The president’s interests in this are the same as ours, which is to create and protect jobs,” Sarandos said of Trump at the UBS media conference on Monday afternoon.Sarandos said he’d talked to Trump “many times since the election about the different challenges facing the entertainment industry.””The president cares deeply about the entertainment industry, and he loves the entertainment industry,” Sarandos continued.Trump praised Sarandos on Sunday, calling him a “great…