Business

A collection of 1667 posts

Business

US GDP grew in 2025 while job creation stalled

The US economy expanded 2.2% in 2025, even as a record-long government shutdown, trade shifts, and new investment plans shaped activity. That growth was solid by recent standards, but it did not translate into broad hiring. Last year the country added just 181,000 jobs — the fewest outside recessions

Business

Centerview settles suit over junior banker's claims about grueling hours

Centerview Partners and former junior banker Kathryn Shiber reached a settlement just before the case was set to go to trial in Manhattan federal court. The terms of the settlement were not disclosed. The agreement ends a lawsuit that had put Wall Street's demanding work culture under scrutiny.

Business

Dutch authorities order Polymarket arm to cease activities

Dutch authorities ordered Polymarket's Dutch arm, Adventure One, to cease its activities immediately or face fines of up to $990,000. The Netherlands Gambling Authority said Adventure One offered gambling to residents without a license, including illegal bets on local elections, and had not responded to requests to

Business

Aritzia Acquires Fred Segal, Plans Melrose Avenue Return

Aritzia has acquired Fred Segal from the Segal family and signed a lease for the former flagship at 8100 Melrose Avenue. Jennifer Wong, Aritzia’s chief executive, said the company plans to "steward and evolve this iconic brand for a new generation." Fred Segal was founded in 1961,

Business

ProShares $17 Billion ETF Launch Sets the Stage for the GENIUS Act Era

The ProShares GENIUS Money Market ETF (IQMM) logged an unprecedented $17 billion in first-day trading volume. The fund invests in very short-term US government debt, making it extremely low risk and similar to holding cash, and is aimed at institutions, including stablecoin issuers, that want a safe place to store

Business

Silver (XAG) Price Prediction: What To Expect in March 2026

Silver has had a turbulent start to 2026, plunging from an all-time high near $121 on January 29 to about $63.85 on February 6, then recovering to roughly $84 by February 20. Technicals point to a developing cup pattern with a neckline near $84, and a hidden bearish RSI

Business

Sony shutters Bluepoint Games in a major PlayStation failure

Sony is shutting down Bluepoint Games, the Austin studio behind the Shadow of the Colossus remake and the PlayStation 5 launch game Demon's Souls. Bluepoint will be the third Sony-owned studio to be axed in the past two years, after mobile-focused Neon Koi and Concord creator Firewalk Studios.

Business

Fans Threaten to Boycott Marathon After Bluepoint Closure

Sony’s decision to shut down Bluepoint Games provoked strong reactions on PlayStation social feeds, arriving as Bungie and Sony prepare to launch Marathon. Frustrated players are threatening to boycott the upcoming extraction shooter and other live-service titles. Sony confirmed the closure on February 19. Bluepoint, known for high-quality remakes

Business

I quit Airbnb and delisted my home after hosting nightmare guests

Wendy Martin delisted her Ohio Airbnb after more than two years on the platform, citing a recent diagnosis of a mild form of leukemia and repeated bad guest experiences. She plans to rent the house to her daughter and her roommates for a lower monthly rate in exchange for less

Business

3 reasons dire economic predictions on Trump's policies were wrong: Brookings

President Donald Trump's economic policies have not produced the recession or steep inflation many economists warned about, and the Brookings Institution points to three main reasons those predictions have not yet come to pass. First, Brookings says the negative impacts were overestimated. The Federal Reserve proved difficult to

Business

Small-business owner says overturning Trump tariffs brings more uncertainty

Marc Bowker, owner of Alter Ego Comics in Lima, Ohio, said his first reaction to the Supreme Court decision that overturned some of President Donald Trump's tariffs was, "This is awesome and long overdue." His second was, "Okay, what's next?" He said

Business

MARA Takes Controlling Stake in Exaion

MARA Holdings has completed the purchase of a majority stake in French computing infrastructure operator Exaion, deepening its push into artificial intelligence and cloud services. The deal, first agreed in August 2025 with EDF Pulse Ventures, gives MARA France a 64% stake after required regulatory approvals were secured. EDF will

Business

‘Murky Waters’ for Global Businesses After Trump’s Tariff Loss

The U.S. Supreme Court ruling that struck down the president’s go-to method of imposing tariffs disrupted a central pillar of the administration’s trade policy and injected fresh uncertainty for trading partners and global businesses. Mr. Trump said he would invoke Section 122 to impose an across-the-board 10

Business

Consumers face a waiting game after tariff ruling

The Supreme Court’s decision striking down many of President Trump’s tariffs immediately cheered consumers who hoped it would lower the cost of imported goods. The tariffs, enacted under the International Emergency Economic Powers Act, had applied to a wide range of items including furniture, apparel and electronics. Economists

Business

After Court Ruling, What Happens to Trump’s Trade Deals?

The Supreme Court’s decision to invalidate many of President Trump’s tariffs cast doubt over a string of recent trade deals. Many agreements had set tariffs at roughly 15 to 20 percent, cutting what would have been steeper duties in return for trade concessions and promises of investment. Mr.

Business

Businesses Celebrate Tariff Relief, Face New Uncertainty

Companies across the country greeted the Supreme Court’s ruling with jubilation and a collective exhale after months of anxious waiting, suddenly freed from the burden of punishing import taxes. Victor Owen Schwartz, a small wine importer in New York City and one of the plaintiffs, said it was "

Business

Everlane is offering 30% off bestsellers — but hurry

Everlane is holding a rare sale on new-season clothes and accessories, with wardrobe staples marked 30% off for a limited time. The site shows hundreds of marked-down styles for both men and women, from light sweaters and jeans to transitional coats and shoes. Pieces work for both work and weekend:

Business

How Crypto and US Stocks Reacted to the Supreme Court’s Trump Tariff Ban

The Supreme Court struck down former President Donald Trump’s sweeping global tariffs, ruling he exceeded his authority by using emergency powers without congressional approval. The decision restores Congress as the primary authority over tariffs and limits the president’s ability to reshape trade policy unilaterally. Markets reacted quickly: the

Business

Five consumer stocks poised to gain from SCOTUS tariff ruling

The Supreme Court ruled that Trump cannot use the International Emergency Economic Powers Act to justify tariffs. Jefferies said the decision is a positive for consumer discretionary stocks, with the removal of IEEPA tariffs introducing a meaningful margin tailwind across its coverage. Questions remain around remedies, most notably whether companies

Business

Ubisoft says Splinter Cell remake continues amid Toronto layoffs

Ubisoft is cutting 40 roles at its Toronto studio, the team behind Watch Dogs, Splinter Cell Blacklist and Far Cry 6. The move is part of a wider corporate restructure that began last year following a $1.25 billion investment from Tencent that resulted in shared control over some of

Business

Why Is The US Stock Market Up Today?

The US stock market staged a mid-session recovery after the Supreme Court struck down President Trump's emergency tariffs in a 6-3 ruling, a decision that removed a major inflationary and supply-chain overhang and could trigger more than $150 billion in refunds. The S&P 500 traded around

Business

Nexon names Embark CEO Patrick Söderlund executive chairman

Arc Raiders has become one of the biggest releases of 2025, and Nexon has promoted Embark Studios founder and CEO Patrick Söderlund to executive chairman. The new role gives him "broad authority over the company’s long-term strategy, creative direction, and how Nexon develops games globally." Söderlund will

Business

Gaming's console war has become an attention war with gambling, porn and memes

The console market has plateaued, and PC gaming is bigger than ever but not exploding. Venture capitalist and analyst Matthew Ball’s annual report uses a 2026 slideshow full of graphs to sketch a stalled industry where any growth is largely driven by players in China and on Roblox. User-generated

Business

Tesla slashes Cybertruck prices as it tries to move (unpainted) metal

Tesla cut Cybertruck prices last night, including a $15,000 reduction for the tri-motor “Cyberbeast,” which now starts at $99,990 after the removal of previously included items such as supercharging and FSD. The company also introduced a new $59,990 entry-level dual-motor model with a 325-mile (523 km) range

Business

Tennessee Judge Blocks State Crackdown on Kalshi Markets

A US federal judge in Tennessee has temporarily barred the state from enforcing its gambling laws against Kalshi’s sports event contracts. Judge Aleta Trauger of the US District Court for the Middle District of Tennessee issued the injunction, allowing Kalshi to continue offering sports-related event contracts to users in