Business

A collection of 1444 posts

Business

MindsEye studio claims 'overwhelming evidence' of sabotage and announces layoffs

The CEO of MindsEye developer Build a Rocket Boy says the studio now has "overwhelming evidence of organized espionage and corporate sabotage" that torpedoed the game's launch, and is pursuing legal action as a result. The company says the enduring impact of those underhanded actions means

Business

How big-name hedge funds did in February

Big-name hedge funds posted gains in February even as the S&P 500 gave back some January gains. Asia-based multistrategy managers had a particularly strong month. Ken Griffin's Citadel saw all five strategies that feed into its Wellington fund—fundamental equity, quant, commodities, fixed income and macro,

Business

Highguard director shares player numbers, denies conspiracy theories

Wildlight Entertainment shut down Highguard after 37 days, declaring the game unsustainable. Studio head Chad Grenier posted performance details and thanked the players who tried the game. Grenier said slightly over two million players worldwide tried Highguard. He said Tencent pulled its funding a couple of weeks after launch, which

Business

Amazon cuts roles in robotics division amid wider layoffs

Amazon cut jobs in its robotics division this week. In a message to employees, Amazon Robotics VP Scott Dresser described the changes as "difficult but necessary" and said robotics remains a "strategic priority." It's unclear how many employees were affected; the move comes as

Business

Dairy milk returns as protein trend cools plant-based demand

Gabriel Morrison had avoided dairy for a decade but changed his mind in early 2025 after reading the ingredients on his oat milk carton. He says seeing canola and other oils listed made cow’s milk — “100% cow’s milk” — feel like the simpler choice. After years of growth for

Business

Stock Futures Rise on Rumors of ‘Secret’ Iran Offer

U.S. stock futures rose sharply as word circulated of a “secret” Iranian offer to negotiate an end to the Middle East conflict. Futures tied to the Dow Jones added 123 points (0.2%), S&P 500 futures climbed 0.4% and Nasdaq-100 futures gained 0.6%, while European

Business

Michael Burry warns stocks are overdue for a crash — markets ‘fragile’

Michael Burry wrote on his Substack that US stocks are long overdue for a painful correction, calling the market historically expensive and “more fragile.” Using the S&P 500’s level at the start of this year, he estimated the index would need to fall about 32% to roughly

Business

For Mary Portas, queen of shops, small is beautiful on the high street

Mary Portas remains deeply committed to retail as the British high street rebuilds. She earned the title 'queen of shops' after transforming Harvey Nichols in the 1990s and has advised numerous big-name brands through her consultancy, Portas. Now she is channelling that experience into championing small, independent businesses

Business

Ascended Heroes mini tin 10-pack drops to $233.95 at Walmart

Walmart is selling the Pokémon TCG Mega Evolution Ascended Heroes Mini Tin display unit (10 mini tins) for $233.95, about $28 less than Amazon’s $261.95 listing. At that price you’re paying the equivalent of $23.39 per mini tin, bringing each individual tin down to market

Business

Ark Invest Boosts Coinbase and Robinhood Holdings During Market Downturn

Ark Invest, led by CEO Cathie Wood, purchased Coinbase (COIN) and Robinhood (HOOD) shares across its three exchange-traded funds on March 3. The acquisition came amid a market downturn that has pressured the crypto market and crypto-related equities. Google Finance data showed COIN was down 1.55% at market close,

Business

£25 for a cookie: Britain’s luxury bakery boom

In Hackney, a Percy Ingle that stood for nearly 50 years has been replaced by Fika, where a cinnamon bun is £4.20 and a pistachio croissant nearly £5. Elsewhere, Copains sells a large babka for £12.50 and an éclair for £11.90, Harrods offers a savoury croissant topped

Business

Situational Awareness 13F Shows $5.5B Bet on Bitcoin Miners and AI Power

Leopold Aschenbrenner has built a US stock portfolio concentrated in companies that supply the power and infrastructure behind the AI boom. The former OpenAI researcher left the lab’s superalignment team to launch San Francisco-based hedge fund Situational Awareness LP, growing it from $383 million in assets in early 2025

Business

Downdetector, Speedtest sold to IT service provider Accenture in $1.2B deal

Accenture said it will acquire Ookla, the company behind Speedtest and Downdetector. Accenture CEO and chair Julie Sweet said that acquiring Ookla will help clients across business and government scale AI safely and build the trusted data foundations they need to deliver reliable, seamless connectivity that creates value. Speedtest helps

Business

Stocks slide, oil climbs on fears of an energy shock from the Iran conflict

Global markets plunged for a third day as investors fretted over the economic fallout from the war in Iran. The reaction stood in contrast to how markets held up after US strikes on Venezuela and the Greenland crisis earlier this year. "But the exception is when the geopolitical event

Business

Past live service hits do not equal future live service hits

Every time a game like Highguard craters, we wonder why the industry keeps chasing huge live-service hits when so many of them fail. For the past month I've been hearing grievances from headline-only readers about my line that "Highguard didn't flop"; I meant it

Business

HBO Max Combining With Paramount+ Could Change Two Things

If the Paramount/Warner Bros. Discovery merger clears the final regulatory hurdles, HBO Max subscribers could see meaningful changes in how they access the service. The most immediate shift would likely show up in the app and content library. Paramount president David Ellison has repeatedly emphasized plans to bring HBO

Business

Digital Finance Could Deliver $17 Billion Annual Boost for Australia

A report from the Digital Finance Cooperative Research Centre says Australia could unlock 24 billion Australian dollars ($17 billion) annually from advances in tokenized markets and digital assets, but only if lawmakers start moving forward with regulation. The report, titled “Unlocking Australia’s $24b Digital Finance Opportunity,” was published on

Business

Plenty of good used EVs if you can spend up to $15,000

Stretching a budget to $15,000 opens many more used-electric options. The cars that looked good at $10,000 often look better one bracket up: facelifted BMW i3s (2018 and later) gained a larger battery for up to 114 miles (183 km) of range, or about 150 miles (241 km)

Business

Florida Man Uses Taco Seasoning To Steal $10,000 Of Pokémon Cards

Keith Wallis is accused of committing 75 thefts of Pokémon TCG boxes from Target stores between July 2025 and February 2026, taking at least $10,000 worth of product across locations from Orlando to Miami, the office of attorney general James Uthmeier says. The office's statement describes his

Business

Goldman adds ConocoPhillips and Loar to high-conviction list

The US war with Iran has rattled markets and pushed oil higher, prompting Goldman Sachs to revise its list of high-conviction US stock picks. The bank added ConocoPhillips and Loar Holdings as investors rotate toward "old economy" or "HALO" (heavy asset, low obsolescence) assets. "Investors

Business

Taylor Swift ticketing fiasco cited at Live Nation antitrust trial

The Department of Justice's antitrust trial over a proposed split of Live Nation and Ticketmaster opened in Manhattan, and prosecutors put the 2022 Taylor Swift ticketing meltdown front and center. Assistant US Attorney David Dahlquist told jurors Ticketmaster's systems were "held together by duct tape.

Business

Trump's Friday night strike pattern is a repeatable 60-hour market signal

Six major geopolitical and economic actions under President Donald Trump since mid-2025 all took place on Friday nights after equity markets closed, creating a repeatable 60-hour window from Friday close to Monday open that traders can map. That consistent timing across military strikes, tariff moves and corporate pressure campaigns has

Business

On-Chain Trader Nets $2M Shorting Silver as Jane Street Stokes Debate

An anonymous on-chain trader known as 0x007 made $2.04 million by shorting silver near its recent top, a move that came just days before a sharp selloff. Silver had surged past $96 per ounce before collapsing, a swing that wiped value from precious metals and rippled through equities and

Business

Paramount Deal Brings Harry Potter and Taylor Sheridan Under One Streamer

Paramount has agreed to acquire Warner Bros. Discovery in a deal estimated at $110 billion, a move that will bring the companies' libraries together and combine Paramount+ and HBO Max into a single streaming service. The merger pairs HBO’s upcoming Harry Potter series with Taylor Sheridan’s Yellowstone

Business

US economy risks worst-case stagflation scenario amid oil price spikes

Stagflation has re-entered the conversation as investors worry that sustained higher oil prices could both stoke inflation and slow growth. Last weeks inflation and GDP data had already raised concern, and the Iran war has intensified those fears. Brent crude climbed as high as $84 a barrel Tuesday morning,