Business

A collection of 1832 posts

Business

NASA and SBA launch SBIC-NASA initiative to boost American space industry

NASA and the U.S. Small Business Administration launched the SBIC-NASA Initiative on Monday to increase investment in American manufacturers of industrial components and providers of technologies critical to space exploration to support a sustained presence on the Moon and Mars. Under the Memorandum of Agreement, NASA will identify technology

Business

Chinese tycoon Guo Wengui sentenced to 30 years for fraud

A US federal court has sentenced exiled Chinese tycoon Guo Wengui to 30 years in prison after he was convicted of defrauding thousands of people of more than $1bn. In July 2024, a jury found Guo, also known as Ho Wan Kwok and Miles Guo, guilty on nine of 12

Business

Ubisoft CEO Reflects on Brother Claude Guillemot’s Death and Legacy

Ubisoft CEO Yves Guillemot shared a public statement on LinkedIn after his brother and co-founder Claude Guillemot died in a plane crash earlier this month. He expressed gratitude on behalf of himself and his family to fans, employees, and community members for messages of support. Claude helped found Ubisoft alongside

Business

Lawsuit Claims Top RAM Makers Colluded to Inflate Prices

Seventeen individual plaintiffs, including three small businesses, have filed a class action in the Northern District of California against Samsung, SK Hynix, and Micron Technology. The case, Garciaguirre et al v. Samsung Electronics Co., Ltd. et al, was filed on June 25 and lists Troy’s Computers LLC, JB Tech

Business

Target raises Pokémon card prices for popular items

Target has raised prices on several popular Pokémon products. The price increase does not appear to apply across the board; instead, it largely focuses on items that are in particularly high demand. So far, the price hikes are: Pokémon Trading Card Game: First Partner Illustration Collection Series 2 — $17.99

Business

Class-action suit accuses Samsung, SK Hynix and Micron of DRAM price-fixing

A class-action lawsuit filed in the US district court of Northern California accuses Samsung, SK Hynix, and Micron of "concerted anticompetitive behavior by three Oligopolists" in the DRAM market. The complaint was brought by a proposed class of businesses and individual consumers. It alleges that since 2022 the

Business

Until Dawn studio CEO steps down shortly after Directive 8020 launch

Robert Henrysson announced he will step down as CEO of Supermassive Games and leave his partner role at parent company Nordisk Film. Henrysson led the studio behind The Quarry, Until Dawn and The Dark Pictures Anthology for over two years. On LinkedIn he wrote, "Today marks the end of

Business

Target Seems To Be Artificially Increasing Prices On Pokémon TCG Products

Some retailers are raising prices on Pokémon TCG products rather than letting scalpers profit. After GameStop moved prices into scalper territory, Target is now inflating the cost of certain boxes, tacking on an extra couple of dollars to popular items to take advantage of scarcity and demand. Those increases were

Business

Call of Duty: Modern Warfare 4 Pre-Order Ads Note It’s Not On Game Pass

After two years as a day-one addition to Xbox Game Pass, Call of Duty: Modern Warfare 4 will skip the subscription service at launch. A pre-order ad surfaced on Facebook and, as one ResetEra user wrote, "Got served the below ad randomly on Facebook." The ad touts "

Business

Holidaymakers warned over social media scams for fake accommodation

Research suggests holidaymakers should carry out their own checks to avoid booking fake accommodation this summer. A third of travellers reported seeing more potential travel scams on social media, and an Opinium survey in May of 2,000 people in the UK found seven in 10 were wary of promotional

Business

UBS predicts gold will climb about 28% to $5,200

After a rough stretch, UBS says gold should recover about 28% over the next 12 months, pushing prices toward roughly $5,200 an ounce. Prices have slid about 23% from their January highs to around $4,040 an ounce, after a 150% gain from early 2024 to early 2026. UBS

Business

NASA Office of Strategic Capital strengthens commercial space supply chain

NASA’s Office of Strategic Capital and the U.S. Small Business Administration are launching a multi-year initiative to strengthen the commercial space supply chain. Building on the SBA’s Small Business Investment Company framework, the partnership channels a combination of public and private capital to American-owned small businesses on

Business

Major RAM manufacturers sued for alleged price fixing

A class-action lawsuit, Garciaguirre et al. v. Samsung Electronics Co., Ltd., et al., accuses Samsung, SK Hynix, and Micron—companies that account for more than 90% of global DRAM revenue—of colluding to manipulate supply and push up prices for DDR3 and DDR4 RAM. The complaint opens by saying the

Business

CD Projekt has rebranded to make things simpler and more confusing

CD Projekt has renamed the parent company to CD Projekt Red, folding the whole business under a single brand. "In the opinion of the Management Board, the new company name will ensure full brand consistency and facilitate the identification of the Company with its products on the global market,

Business

Clients push consultants to accept outcome-based fees

Companies chasing the uncertain promise of AI are pressing consulting firms to share risk, prompting a shift toward outcome-based fees. Firms including Boston Consulting Group and Accenture are increasingly moving projects to arrangements that pay for results rather than fixed or hourly rates. Fee structures generally fall into two buckets.

Business

Jobs with more career security and ones that are riskier

The job market is looking brighter overall, but stability varies by sector. Tech- and media-heavy information jobs have been hit by layoffs tied to AI and automation, while healthcare roles remain in steadier demand. Healthcare has generally been adding jobs each month, making up about 20% of overall net job

Business

BIS Warns AI Debt Bubble Could Spark Global Financial Crisis

The Bank for International Settlements warned that AI exuberance could have major financial consequences as heavy reliance on debt in AI ventures raises the risk of cascading defaults if investor optimism fades. The five largest hyperscalers are set to spend more than $1 trillion on AI-related capital expenditures from 2025

Business

Shares in chipmakers underpinning AI boom rocket in first half of 2026

Shares in chipmakers have surged in the first half of this year as investors piled into companies that make the hardware underpinning the AI boom. Investors have driven up the value of semiconductor and memory chip manufacturers, whose profits have soared during 2026, at the expense of some large software

Business

Memory prices predicted to rise as much as 50% in Q3

AI data centres are buying up available stock, pushing up the prices of RAM and SSDs. Jefferies Equity Research predicts memory prices will climb 40–50% in the third quarter of 2026, then a further 30–40% in the fourth quarter and 40–45% year‑on‑year in 2027. Jefferies

Business

Stay-at-home mom of two pays down debt with four side gigs

She left her marketing coordinator role in 2023 after her employer removed her hybrid schedule and asked for a full-time in-office presence, then became a stay-at-home mother in Houston. She had earned about $70,000 a year before resigning and expected to return to work after maternity leave, but instead

Business

Analysts: $80 game pricing will spread but only top franchises can pull it off

Several analysts say games are likely to follow Mario Kart World and GTA 6's lead with an $80 base price, but only the biggest titles will be able to pull it off unscathed. DFC Intelligence's David Cole explains that "the industry has already been moving

Business

Why a selloff in gold and silver is dragging bitcoin down

A broad unwinding of the so‑called debasement trade is hitting gold, silver and bitcoin at once as investors retreat from scarce assets that were seen as protection against currency erosion. A newly hawkish Federal Reserve under Chair Kevin Warsh and a firmer dollar have lifted real yields, making non‑

Business

25+ Prime Day deals under $25 to shop before the sale ends

Prime Day ends tonight, so check now if you want to lock down items you need. If you’re sticking to a budget, many favorites are priced under $25 — including budget earbuds, smart bulbs and an emotional-support water bottle. We rounded up the best remaining Prime Day deals on Amazon

Business

Walmart sale continues after Prime Day with up to 50% off tech and more

Prime Day has ended, but Walmart's competing sale runs through Sunday night with discounts of up to 50% across TVs, laptops, phones, pools, outdoor gear and more. Walmart+ members can get a year of either Peacock or Paramount+ for $49 when they sign up; Walmart+ is currently 50%

Business

Xbox responds to claim PlayStation 5 pre-orders are outpacing Xbox for GTA 6

Xbox has responded to a claim that PlayStation 5 pre-orders for Grand Theft Auto 6 were outpacing Xbox Series X pre-orders by an 8-to-1 ratio, and says it has had "record orders" for the game. Pre-orders for GTA 6 finally opened on June 25. One day after pre-orders