Business

A collection of 1572 posts

Business

How two sisters built Mustard Made into an eight-figure locker brand

Becca and Jess Stern turned a fondness for vintage lockers into Mustard Made, reimagining them as practical, stylish storage for homes. They invested about $25,000 AUD in branding, samples, and a stand at a Sydney trade show, launching the business in 2018 and winning more than $200,000 AUD

Business

Secretlab CEO on copycats, patents and the cost of innovation

Ian Ang, who co-founded Secretlab with Alaric Choo around 2014, traces the company back to their days as semi‑professional esports players playing StarCraft II. They started by building a chair to complete a gaming setup rather than pursuing a Twitch strategy, and the business grew from that esports foundation.

Business

Salesforce offers up to 30 weeks of severance to laid-off US employees

Internal documents show that eligible U.S. workers can receive up to 30 weeks of severance as the company begins another round of layoffs. Notifications began Monday and were tied to a regulatory notice in California, amid concerns that AI tools could replace traditional software such as the company’s

Business

Streamer receives $180,000 after long Destiny 2 loan dispute

In 2022 Jake Strauss, who streams as GernaderJake, loaned $100,000 to Evolve PCs, a boutique PC maker then owned by Destiny 2 streamer Ari "TripleWreck" Smith, to keep the business running while it awaited investment. Smith missed the January 1, 2023 repayment deadline, and later in 2023

Business

Industry reactions to OpenAI's IPO filing

OpenAI submitted a confidential S-1, joining Anthropic and SpaceX in the race toward public markets. The company cautioned that "it may be a while" before shares are publicly listed, as AI labs shift from private development to public earnings calls, financial disclosures, and new regulatory scrutiny. Perplexity CEO

Business

BBB Advertising Watchdog Refers Kalshi to Regulators Over Influencer Inquiry

The Better Business Bureau's National Advertising Division is referring prediction market platform Kalshi to regulatory authorities after the company declined to participate in a review of its social media advertising practices. NAD said it will notify the appropriate authorities, including relevant state attorneys general, and will inform the

Business

NAR economist: the typical US home could cost $1 million by 2050

Lawrence Yun, chief economist for the National Association of Realtors, said the median single-family home sale price could reach $1 million by 2050 if home prices grow steadily at 3% to 4% each year. For context, the median sale price of an existing home was $429,300 in June. Yun

Business

NASA Small Business Supplier Development Program

Mentor-Protégé Program Agreements under the NASA Small Business Supplier Development Program incentivize NASA prime contractors to assist small businesses and other eligible protégés to increase their capability to compete for and perform NASA prime and subcontracts. These agreements are designed to build supplier capacity to fulfill NASA requirements and support

Business

Retiree sues after losing $390,000 to gold‑bar scam

Jeffrey Maas, 77, had planned to spend retirement traveling and leave an inheritance, but cybercriminals conned him out of $390,000—about half his life savings. He received an email on June 5, 2024, about a $691.05 Norton Antivirus charge, called the helpline listed, and was put through to

Business

Tech stocks are getting crushed again after chipmaker comeback sputters

After a comeback rally on Monday and early in Tuesday's session, stocks turned lower by late morning as a chipmaker-led rally soured. The Nasdaq 100 was down almost 4% and the S&P 500 fell about 2%. The VanEck Semiconductor ETF plunged nearly 7% around 1 p.

Business

Former Air Canada pilot charged for flying without required license

Geoffrey Wall of Barrie, Ontario, has been charged after allegedly operating as an Air Canada captain between 2009 and 2025 without the required license. Police say he flew more than 900 domestic and international flights during that period. Air Canada said Wall, 59, held a valid commercial pilot license but

Business

Prime members can buy a car online and get a $1,500 gift card

Amazon now lets customers buy, sell and lease cars online through Amazon Autos, which works with local dealerships to streamline the process. Prime members who trade in their old vehicle and purchase or lease a new, used, or certified pre-owned car through Amazon Autos can receive a $1,500 Amazon

Business

BofA strategists: Nasdaq flashing bearish warning for tech stocks

The tech-heavy Nasdaq Composite has edged higher after last week’s plunge, but Bank of America technical strategists warned on Monday that the Nasdaq 100 is flashing bearish signals and that headwinds are mounting. They urged investors to begin managing the risk of a pullback. "The NDX rally extended

Business

12 hours in Singapore Airlines first class — was it worth it?

Singapore Airlines' first class aims to remove friction from travel. I flew from Los Angeles to Tokyo to test it, booking with credit-card points and paying $5.60 in taxes; one-way fares for this flight can exceed $14,000. The elevated service began before security, with a personal escort

Business

South Korea's Kospi stock market swings wildly on AI sell-off

The Kospi swung dramatically this week, plunging about 700 points, or 8%, at Monday's open before recovering all those losses on Tuesday. It closed at 8,096 points on Tuesday, up 8.2% for the day and roughly 50 points above Monday's opening price. "A

Business

Best business budgeting tools of 2026 — expert tested

Managing company money without the right tools becomes a slow leak: missed forecasts, surprise month‑end overages and hours spent reconciling spreadsheets. Five budgeting platforms were tested through real workflows to see how they handle everything from real‑time spend enforcement to accounting‑first budget tracking. Each solves the same

Business

Why this teen founder walked away from his multimillion-dollar company

Zach Yadegari, 19, sold his AI-powered calorie-tracking app, Cal AI, to MyFitnessPal late last year. The app launched in May 2024, amassed 10 million users, and generated $30 million in annual revenue. The founders reached the sale after honest conversations about their priorities and goals. "Ultimately, it came down

Business

Mercor’s Brendan Foody accuses Sequoia of 'dual-pricing' valuation tricks

Founders and former founders recently took to X to air complaints about venture capital behavior, from investors falling asleep in pitch meetings to suggestions that a founder fire a co-founder. Brendan Foody, co-founder of AI talent platform Mercor — last valued at $10 billion — went further, accusing Sequoia of what he

Business

Perplexity sticks to 2028 IPO timeline despite AI IPO wave

Perplexity is keeping its 2028 IPO plans intact, CEO Aravind Srinivas said in an interview with CNBC. "Agnostic of these two companies, we were planning for something in 2028, so that still remains the case," he said. The announcement comes as OpenAI and Anthropic have confidentially filed for

Business

OpenAI confidentially files for US IPO

ChatGPT creator OpenAI has confidentially filed for a US initial public offering, becoming the third major AI company this year to set plans for a Wall Street debut. The company posted to X on Monday that it filed confidential paperwork with the US Securities and Exchange Commission, but had not

Business

Paramount eyes video games for Taylor Sheridan's Yellowstone and related series

Paramount confirmed plans to explore video games based on Taylor Sheridan’s franchises, naming Yellowstone and Yellowstone-adjacent titles such as Landman, Tulsa King and Lioness among its priorities. Shawn Kittelsen, head of creative and production at Paramount Games Studio, said the studio’s priorities included Teenage Mutant Ninja Turtles, Star

Business

ScottishPower sent six cheques addressed to my late brother

ScottishPower sent a debt collection letter demanding £130 on my late brother’s gas account even though I am his sole executor and had informed it of his death. The company owed a £430 credit on his electricity account but paid it with a cheque in his name that could

Business

Xbox exclusives plan 'not ready' as CEO seeks business turnaround

Summing up Xbox's Games Showcase 2026 lineup, chief strategy officer Matthew Ball said new CEO Asha Sharma has communicated that "our business today is not healthy" and that part of "turning around the business" is establishing a new plan for exclusive games. Ball described

Business

Xbox Game Pass lost millions after 50% price hike

Xbox's chief strategy officer, Matthew Ball, said the service shed "millions of subscribers" when Game Pass prices rose 50% last fall. He made the comment in an interview at Summer Game Fest with The Game Business' Chris Dring, and Geoff Keighley reposted the quote on

Business

Studio says not every publisher is swerving GTA 6, sets November 5 release

Grand Theft Auto 6's November 2026 launch has left many publishers avoiding that part of the calendar, with a lot of releases pushed into September. Furyu Games, however, posted on X that its roguelike Crymelight will launch on November 5, two weeks before GTA 6, quipping, "Maybe