MGM Resorts shares tumble 10% after Diller's People withdraws $18 billion bid

Economic Times - Sep 24, 2026

Shares of MGM Resorts fell significantly after the withdrawal of an $18 billion buyout offer from People Inc. According to Barry Diller, the proposed buy was not developing as anticipated. The deal was aimed at expanding People Inc's operations beyond traditional media ventures. MGM owns significant assets on the Las Vegas Strip, but its growth has been inconsistent recently.

Read full article
More News
Put unripe tomatoes stem-side up in a paper bag with a few holes: The setup may help them ripen by keeping ethylene close to the fruit
Sep 24, 2026
Put unripe tomatoes stem-side up in a paper bag with a few holes: The setup may help them ripen by keeping ethylene close to the fruit

Harvested tomatoes can continue to ripen thanks to the ethylene gas they emit. For the best results, arrange them in a paper bag with ventilation holes, stem side up. This technique captures the gas, speeding up the ripening while preventing excess moisture. Store the bag in a cool, shaded spot away from sunlight to enjoy a batch of perfectly ripe tomatoes.

US stocks: US stocks open lower as oil gains on Mideast uncertainty, eyes on Trump-Xi talks
Sep 24, 2026
US stocks: US stocks open lower as oil gains on Mideast uncertainty, eyes on Trump-Xi talks

Wall Street's main stock indexes fell as Middle East tensions weighed on financial markets. Oil prices have risen, which is causing a spike in Treasury yields during this period. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all opened lower this morning. Investors are also showing caution ahead of a significant summit between Donald Trump and Xi Jinping.

NSE sees no change in duties as listed entity; to protect market integrity, public interest:Chairman
Sep 24, 2026
NSE sees no change in duties as listed entity; to protect market integrity, public interest:Chairman

The National Stock Exchange recently celebrated a milestone with its highly anticipated IPO, entering the stock market with shares opening at Rs 1,800, surpassing the issue price of Rs 1,785. The chairperson and CEO expressed a commitment to prioritizing public interest while driving growth, as the IPO drew impressive institutional interest, reflecting strong investor belief in the exchange's promising future.

Sebi board approves FPI play in non-agri commodity derivatives, expands scope of PMS
Sep 24, 2026
Sebi board approves FPI play in non-agri commodity derivatives, expands scope of PMS

Sebi has approved new regulations allowing foreign portfolio investors to participate in non-agricultural commodity derivatives. This regulatory change aims to increase institutional participation and streamline existing portfolio manager regulations. The newly approved framework will clarify delivery structures for futures contracts to mitigate operational and tax challenges. Significant reforms were also made to simplify settlement proceedings and ease compliance burdens for research entities.

Motivational Quote of the Day by Nelson Mandela: “The brave man is not the one who has no fears, he is the… – Timeless life lessons from an inspiring quote on courage, resilience, strength, determination and why you should step outside your comfort zon...
Sep 24, 2026
Motivational Quote of the Day by Nelson Mandela: “The brave man is not the one who has no fears, he is the… – Timeless life lessons from an inspiring quote on courage, resilience, strength, determination and why you should step outside your comfort zon...

Quote of the Day by Nelson Mandela: Nelson Mandela’s quote, “The brave man is not the one who has no fears, he is the one who triumphs over his fears,” explores the meaning of courage and inner strength. The quote suggests that bravery is not about living without fear, but about confronting difficult emotions, overcoming uncertainty, and finding the determination to move forward despite fear.

Adani outlines road map for big Bengal push, says East must rise for Viksit Bharat to be a reality
Sep 24, 2026
Adani outlines road map for big Bengal push, says East must rise for Viksit Bharat to be a reality

Gautam Adani spotlighted West Bengal's pivotal role in enhancing India's economic power, citing its strategic location and other key strengths. He unveiled ambitious plans for investments surpassing Rs 1 lakh crore across diverse sectors in the state over the next ten years.

Adani outlines road map for big Bengal push, says East must rise for Viksit Bharat to be a reality
Sep 24, 2026
Adani outlines road map for big Bengal push, says East must rise for Viksit Bharat to be a reality

Gautam Adani spotlighted West Bengal's pivotal role in enhancing India's economic power, citing its strategic location and other key strengths. He unveiled ambitious plans for investments surpassing Rs 1 lakh crore across diverse sectors in the state over the next ten years.

Sebi cancels registration of Religare Capital Mkts, 11 others for non-payment of renewal fee
Sep 24, 2026
Sebi cancels registration of Religare Capital Mkts, 11 others for non-payment of renewal fee

Sebi has revoked the registrations of Religare Capital Markets and 11 other entities due to their failure to pay required renewal fees for research analyst registrations. The fees were due between May 2024 and November 2025. Although these entities responded to show-cause notices, they could not substantiate their claims of non-payment, prompting Sebi to take measures to protect investors from potential misuses of expired registrations.

62 generators, no permits: New Jersey data centre's $1 million fine exposes the regulatory challenge of powering artificial intelligence & how fast AI infrastructure can be built
Sep 24, 2026
62 generators, no permits: New Jersey data centre's $1 million fine exposes the regulatory challenge of powering artificial intelligence & how fast AI infrastructure can be built

DataOne, an AI data centre in Vineland, New Jersey, has been fined $1.07 million by NJDEP. State inspectors found unpermitted natural-gas generators operating at the facility during a recent inspection. Each of the 62 generators has a significant power capacity, raising environmental concerns. DataOne disputes the characterization of the generators, indicating they are temporary equipment. The company plans to apply for the necessary permits while complying with state regulations.

Not sure your baking powder still works? Drop 1 tsp into 1/3 cup hot water; if it bubbles vigorously, it may still have enough potency for baking
Sep 24, 2026
Not sure your baking powder still works? Drop 1 tsp into 1/3 cup hot water; if it bubbles vigorously, it may still have enough potency for baking

Over time, baking powder can lose its effectiveness due to exposure to moisture, ultimately affecting the rise of your baked goods. To check its potency, conduct a simple test with hot water; a vigorous bubbling confirms it’s still good, while minimal activity means it's time to replace it. Store your baking powder in a cool, dry place for optimal longevity and regularly check its effectiveness to ensure delicious baking outcomes.

Shah Investor’s Home IPO opens on Sept 28; broker to deploy funds in margin trading facility, technology
Sep 24, 2026
Shah Investor’s Home IPO opens on Sept 28; broker to deploy funds in margin trading facility, technology

The IPO price band has been fixed at ₹159-167 per share; the fresh issue of 53.99 lakh shares will raise up to ₹90.17 crore at the upper end of the price band

Starbucks’ internal memo reveals 250 North American stores are shutting down this week: Why is the coffee giant closing locations as sales and earnings forecasts rise?
Sep 24, 2026
Starbucks’ internal memo reveals 250 North American stores are shutting down this week: Why is the coffee giant closing locations as sales and earnings forecasts rise?

Starbucks plans to close 250 North American coffeehouses this week, trimming roughly 1% of its 18,000 locations across the continent. The decision marks the second major wave of store shutdowns under Chief Executive Officer Brian Niccol, who took over leadership in 2024. During a similar restructuring last September, the company shuttered 627 stores across North America and Europe while cutting 900 non-retail jobs.

Recommended
Copyright © 2015 - 2026 The Financial Capital.

All Rights Reserved.

Subscribe Now!

About Us

The Financial Capital is your independent source for finance information and advice. We provide insights and offer advice from financial experts so you can make the best decisions.