Business

A collection of 1832 posts

Business

SpaceX IPO: An investor's guide to the key stats and storylines

SpaceX's unorthodox decision to fix its IPO pricing ahead of time sapped much of the usual excitement, but the offering is unlikely to stay predictable. The company offered an unprecedented chunk of shares to retail investors, and their presence promises the volatility and chaos day traders typically bring

Business

South Korean stocks rebound as Kospi ends volatile week firm

South Korean stocks ended a turbulent week on firmer footing as the Kospi rallied on Friday, initially jumping more than 8% before paring gains to close up 4.6% after President Donald Trump said the US was nearing a peace deal with Iran. The index finished the week down 0.

Business

Citi launches blockchain marketplace for private company shares

Citigroup is launching a blockchain-based marketplace to give wealthy and institutional investors a way to gain exposure to pre-IPO firms. The platform will use tokenized depositary receipts issued by Citi, which represent ownership interests in private companies, and will be available first to foreign investors with US access planned later.

Business

Toys for Bob credits loud, consistent Spyro fans for new game

Toys for Bob said it returned to Spyro rather than tackle another Microsoft platformer. Lou Studdert, associate creative director on Spyro: A Realm Beyond, said Spyro 'has kind of a deep place in our studio's heart,' citing the studio's work on Skylanders and the

Business

Matthew Ball: 'It Has Become Difficult To Articulate Why You Should Pick An Xbox'

The differences between video game consoles have been fading for years. Performance is generally in the same ballpark. Prices are often comparable. The only real question when a new console owner walks into a GameStop anymore is "Do you want to play God of War or Halo?" Xbox’

Business

Stocks jump after Trump cancels planned Iran strikes

Stocks surged after Donald Trump called off planned strikes against Iran on Thursday, backing away from earlier threats to resume military action. The move—dubbed the "TACO" trade, short for "Trump Always Chickens Out"—lifted investor sentiment and pushed oil prices lower. At the 4 p.

Business

SpaceX IPO live updates: Record-setting IPO prices at $135 a share

SpaceX priced 555.6 million shares in its IPO at $135 each late Thursday, raising $75 billion and closing the deal with a record-setting valuation of $75 trillion. The offering will begin trading on the Nasdaq on Friday under the ticker SPCX. The company's S-1 showed a $4.

Business

Biwin commits $1.86bn in multi-year NAND deal

The memory crisis has changed how companies and consumers approach storage and capacity, forcing manufacturers to lock in supplies years ahead. Biwin, which makes DRAM kits and SSDs but does not produce NAND flash, has had to buy large volumes of chips in advance to secure stock for its products.

Business

Xbox's new chief strategy officer is still a big believer in in-game ads

Videogame analyst Matthew Ball predicted in his "State of Videogaming in 2026" report earlier this year that in-game ad placements will become more common in PC and console games and services, as they're a largely untapped source of revenue. Now the newly hired chief strategy officer

Business

Sam's Club deals to compete with Prime Day, including half-off membership

Sam's Club is rolling out some of its lowest prices of the year to compete with Amazon Prime Day, giving shoppers the chance to save significant money on a wide range of items. A standard Sam's Club membership costs $60 per year, but it's

Business

Franklin Templeton, BNP Paribas See Tokenization Boosting EU Capital Efficiency

Large financial institutions are turning to tokenization to improve capital efficiency and liquidity, industry executives said at a panel at the WAIB Summit 2026 in Monaco. They discussed how tokenized assets and stablecoins could modernize Europe’s capital markets by streamlining settlement, improving collateral mobility and creating new opportunities for

Business

Psychopath-turned-life coach: Detachment is key to strong leadership

Lewis Raymond Taylor says he is a psychopath and credits emotional detachment with helping him build The Coaching Masters, an online coaching education company with 15,000 students in 87 countries and a business valued at $25 million. Before entrepreneurship, he served multiple prison sentences for offenses ranging from shoplifting

Business

What to look for in a top online hiring platform

The recruitment landscape is shifting as AI becomes central to hiring and candidate experience grows in importance. Employers are also putting more effort into identifying and engaging passive candidates, but reaching the roughly 70% of talent already employed remains a challenge. Choose a specialist that goes beyond a bulletin-board approach.

Business

RJ Cipriani settles explosive lawsuit that ousted Jeff Shell

High-stakes gambler RJ Cipriani — whose bombshell lawsuit helped trigger the ouster of Paramount Skydance executive Jeff Shell — has quietly settled with the studio, bringing to a close one of the most chaotic chapters in recent Hollywood memory. Cipriani had sued Shell for $150 million, alleging Shell reneged on a promise

Business

Michael Saylor says Mnav is just one metric as Strategy dilution debate continues

At BTC Prague, Michael Saylor and Jack Mallers renewed a debate over Strategy's mNAV and dilution, weighing how investors should assess the company's increasingly complex capital structure. Mallers pressed Saylor on how he defines multiple-to-net asset value (mNAV), noting some investors include out-of-the-money securities in their

Business

Robinhood Gains IPO Underwriter Approval as SpaceX Eyes Retail

Robinhood Securities said it had secured approval to act as an IPO underwriter, moving from a distribution role into the main underwriting group alongside Wall Street banks. Chief executive Vlad Tenev said in a Tuesday X post that Robinhood Securities is "now approved to serve as an underwriter,"

Business

Fire Emblem: Fortune's Weave lands Sept. 17; digital $70, physical $80

A surprise Nintendo Direct revealed Fire Emblem: Fortune's Weave and confirmed a release date of September 17 of this year, with pre-orders now live. Digital copies are priced at $70, the physical edition at $80, and the special Dagdan Collection at $120 — prices the piece describes as eye‑

Business

Investors are underestimating the AI boom, Goldman Sachs says

Goldman Sachs warns the AI spending surge may be larger than investors expect. The bank projects hyperscaler capital expenditure could reach about $1.1 trillion in 2027 versus roughly $920 billion reflected in current Wall Street estimates, and in a bullish scenario spending could top $1.4 trillion. Goldman bases

Business

US inflation tops 3-year high, pressuring Bitcoin and gold

US consumer prices rose 4.2% year-on-year in May, a three-year high that dented hopes for near-term rate cuts and led some analysts to expect rate increases later this year — a challenging backdrop for risk assets such as cryptocurrencies. Bitcoin has fallen 36% since January and gold is down 23%

Business

Nintendo Direct Fails to Reverse Share Price Slide

Nintendo’s recent Direct did little to steady its sliding share price. A modest recovery from early June was wiped out by a seven-percent drop after the June 9 presentation, leaving the company about a third below its value at the start of the year amid fallout from May’s

Business

PR guru Ron Berkowitz sues restaurants over unpaid fees

Ron Berkowitz’s Berk Communications has filed a lawsuit against a group of three restaurants seeking roughly $180,166 in allegedly unpaid fees. The establishments include spots that feature chefs Masaharu Morimoto and Robbie Felice, though neither chef is named as a defendant in the suit. Montclair Hospitality Group hired

Business

CFTC Proposes Prediction Market Rules Favoring Sports Contracts

The US Commodity Futures Trading Commission has proposed new rules for prediction markets that signal sports event contracts are generally not contrary to the public interest, even though federal law classifies them as 'gaming.' The draft, released Wednesday, distinguishes sports event contracts from games of pure chance, saying

Business

Toys for Bob 'bought back' independence from Xbox to return to Spyro

Toys for Bob, the studio behind Skylanders that later co-developed Call of Duty under Xbox, left Microsoft to refocus on projects it cares about, studio head Paul Yan says. Microsoft acquired parent company Activision Blizzard in a $69 billion deal in 2023, bringing Toys for Bob under Xbox. After years

Business

This Cannot Continue

Xbox CEO Asha Sharma and Xbox Game Studios head Matt Booty sent an email to all Xbox employees declaring, "this cannot continue." Shared publicly via Xbox Wire, the message described a division weighed down by years of unsuccessful investments, unchecked excess, and outside economic forces. Sharma, 100 days

Business

NASA Awards Contract for Construction Services in California

NASA has selected multiple small businesses for the Western Regional Multiple Award Construction Contract. The work will support a broad range of facility enhancement, modernization and sustainment projects at Armstrong Flight Research Center in Edwards, California, Ames Research Center in California’s Silicon Valley, and other federal agencies in the