China is reportedly crafting a plan to block the US military from getting shipments of rare…
Continue ReadingCategory: Business 7
Softbank sells entire $5.8B Nvidia stake as it goes ‘all in’ on OpenAI bet
Softbank has dumped its entire $5.83 billion stake in AI chip supplier Nvidia as it pours…
Continue Reading
Levi’s bets big on luxury ‘Blue Tab’ $400 jeans as premium denim demand surges
Levi Strauss & Co. is doubling down on luxury denim, planning to roll out its new…
Continue Reading
Disney’s blackout with YouTube TV sparks punishing $30M in weekly losses for Mouse House
Walt Disney Co. is hemorrhaging roughly $30 million in revenue every week that its networks remain…
Continue Reading
Tesla turns to $60-a-day rentals as US sales slump after EV tax credit expires
Tesla is shifting gears from selling cars to renting them out after a collapse in US…
Continue Reading
Apple reportedly pulls plug on iPhone Air 2 after weak sales of debut model
Apple has delayed the release of the next-generation iPhone Air after disappointing sales of the ultra-thin…
Continue Reading
Auto parts CEO tells drivers to ‘stock up’ before Trump tariffs send prices skyrocketing
Car owners could soon face sticker shock at the repair shop, with one major auto parts…
Continue Reading
Meta’s top AI scientist Yann LeCun to depart as Mark Zuckerberg pushes ‘superintelligence’
Meta’s head AI scientist is reportedly planning to leave the company and launch his own startup…
Continue Reading
Realtor magazine cover swaps young couple for seniors – as age of average homebuyers hits 59
The National Association of Realtors scrapped a planned cover image of a young, expecting couple on…
Continue Reading
Visa, Mastercard reach swipe-fee settlement – Here’s how it will affect your wallet
Visa and Mastercard announced Monday that they reached a proposed settlement that would lower charges that…
Continue Reading
Paramount Skydance to slash 1,600 more jobs after revenue disappoints – but issues upbeat forecast
Paramount Skydance said it will make $1.5 billion in programming investments next year in its first quarterly results…
Continue Reading
Warren Buffett, 95, says becoming old is ‘not to be denied,’ gives rare health update ahead of Berkshire Hathaway departure
Warren Buffett, the 95-year-old chairman of Berkshire Hathaway, said on Monday that “becoming old” is “not…
Continue Reading