Business

A collection of 1676 posts

Business

Hims & Hers Withdraws Knockoff Weight-Loss Pill After Regulatory Scrutiny

Hims & Hers said it would stop selling a cheaper knockoff of Novo Nordisk’s new pill version of Wegovy after federal regulators signaled the product might be illegal. The company introduced the offering on Thursday and, the following day, announced the cancellation was made after “constructive conversations with stakeholders

Business

Washington Post publisher out days after sweeping layoffs

Will Lewis, the chief executive and publisher, announced his departure on Saturday, days after sweeping layoffs hit the legacy publication. Jeff D'Onofrio will serve as interim CEO and publisher, effective February 7. D'Onofrio said the publication's resolute commitment to writing the first rough draft

Business

23% expect March FOMC rate cut after Warsh nomination

The number of traders expecting an interest rate cut at the March Federal Open Market Committee (FOMC) meeting has risen to 23%, following investor fears of a hawkish stance from Kevin Warsh, US President Donald Trump’s Federal Reserve chair nominee. Traders forecasting a rate cut surged nearly 5% from

Business

Washington Post C.E.O. Will Lewis Steps Down After Stormy Tenure

Will Lewis, the chief executive and publisher of The Washington Post, has stepped down, the company announced Saturday. He said he had made the difficult decision "in order to ensure the sustainable future of The Post." He will be replaced in the interim by Jeff D’Onofrio, formerly

Business

The best Presidents' Day sales we've found so far

The holidays are over, but 2026 is already ushering in a new season of savings. Presidents' Day, the first major sale of the year, brings discounts on home goods, tech and lingering seasonal items as retailers such as Walmart, Costco, Amazon and Best Buy clear old stock and introduce

Business

A Super Bowl in Silicon Valley Filled With Valley Billionaires

Every Super Bowl takes on the culture of its host city — South Beach in Miami, the French Quarter in New Orleans, Hollywood in Los Angeles. This Sunday’s game at Levi’s Stadium in Santa Clara, an hour’s drive south of San Francisco, will reflect Silicon Valley and draw

Business

Nintendo Isn’t Freaking Out About the RAM Shortage, Yet

Investors and analysts pressed Nintendo during its earnings Q&A over whether the company will raise the price of the Switch 2 because of spiking memory prices amid AI-fueled shortages. RAM is through the roof and graphics cards are getting delayed, but Nintendo says it is keeping a cool

Business

Musk merges xAI into SpaceX as he tries to win over Wall Street

Elon Musk this week combined SpaceX, his rocket and satellite company, with xAI, the artificial intelligence and social media business he controls. He says the merger will let SpaceX move A.I. data centers into orbit to tap abundant solar power and sidestep terrestrial bureaucracies — a vision that many found

Business

Saudis Announce New Investments in Syria, a Sign of Deepening Ties

Saudi Arabia announced sweeping investments in Syria’s telecommunications, energy and aviation sectors on Saturday, unveiling deals at the presidential palace in Damascus. The package includes the creation of a joint airline, the rehabilitation of Aleppo’s international airport and a $1 billion investment to develop the country’s telecommunication

Business

Benchmark raises $225M in special funds to back Cerebras

Cerebras Systems this week raised $1 billion at a $23 billion valuation, nearly three times its value six months earlier. Tiger Global led the round, and a large share of the new capital came from early backer Benchmark Capital, which invested at least $225 million, according to a person familiar

Business

Inside a luxury Texas tiny-home village for retirees

Liberty Tiny Village is a resort-style, 55-and-older tiny-home community in Aubrey, North Texas, founded in 2022 on 7.5 acres between master-planned subdivisions and family farms. Owned by Melissa Hayes and her husband, Phillip, the village has 11 occupied lots and markets itself to retirees and soon-to-be retirees looking to

Business

The best HR software of 2026: Expert reviewed

HR teams often drown in spreadsheets, payroll runs slip, and compliance headaches pile up. Those problems can lead to real risks: regulatory exposure, dissatisfied employees, and operational breakdowns. Picking the right HR platform can simplify global hiring, steady payroll, and improve employee experience. Top pick Deel addresses global complexity by

Business

Prediction Markets and Casinos Clash Over Sports Betting

In eight years sports gambling in the United States has grown from an illegal enterprise to a business that processes $220 billion in bets each year; this weekend alone some $1.8 billion is set to be wagered on Super Bowl LX. That expanding pool has intensified competition among FanDuel,

Business

Wall Street strategies to play the software sell-off

Tech stocks were slammed this week as new fears of AI disruption swept Wall Street, dragging the broader market after a software-led sell-off. The tech-heavy Nasdaq Composite was down 2% for the week, despite Friday's comeback, while the iShares Expanded Tech-Software Sector ETF fell more than 12%. Some

Business

Epic keeps supporting third-party store despite low margins

Last May Epic introduced a revenue-share plan that gives third-party developers the first $1 million in annual Epic Games Store sales before reverting to the platform’s standard 88%/12% split. The move has been an incentive for many studios, but Epic’s storefront hasn’t seen a large financial

Business

My partner refuses to do financial planning — what do I do?

A reader who has been with his partner for nearly ten years says their personal finance paths have diverged. He spent six or seven years learning to manage money—handling debt, saving, and investing—while his partner has largely stayed in the same place, avoiding conversations about future goals, deflecting,

Business

BofA: Small-cap stocks likely to outperform into US midterms

Bank of America says investors should favor Main Street plays as the US midterms approach, arguing a "[F]lip from asset-light to asset-heavy business model suggests major threat to 2020s market leadership of Big Tech/Magnificent 7," analysts led by Michael Hartnett wrote, adding that AI capex means

Business

Y Combinator picks fight with Canada, backtracks

Y Combinator briefly removed Canada from its list of acceptable countries of incorporation, prompting criticism from Canadian investors and founders. The accelerator has since reversed that decision and restored Canada to the list. The change was first noticed last week, after a site that once listed the US, Canada, Singapore,

Business

Erebor Secures First New US Bank Charter of Trump’s Second Term

The Office of the Comptroller of the Currency approved a newly created national bank, allowing Erebor Bank to operate nationwide. It is the first new national bank charter granted during President Donald Trump’s second term. Erebor launches with about $635 million in capital and aims to serve startups, venture-backed

Business

Items I buy every Costco visit as an executive member

I've had a Costco executive membership for almost 10 years, and I love buying groceries there. The $130-a-year executive membership comes with perks like 2% back on all purchases (distributed as an annual check) and earlier access to the store. Ground beef is a mealtime staple in our

Business

Embark chief says $75m Arc Raiders budget estimate 'not too far off'

Arc Raiders had sold over 12 million copies as of January 12, and Embark CEO Patrick Söderlund pointed out, "you don't have to be a math professor to realize that the game has done well for us." Speaking to IGN, Söderlund said the game had been

Business

Five Years In The PS5 Is Still Kicking Everyone’s Ass

Five years on, the PlayStation 5 remains a strong seller. The PS5 moved 8 million units last quarter, outpacing the Switch 2’s 7 million; Sony leaned on steep holiday discounts—$400 for the PS5 Digital versus $450 for the Switch 2—though Nintendo sold an additional 1.3 million

Business

Why I chose a 25-hour workweek as a senior lawyer

Maddi Thimont spent years building a legal career with long hours in private practice and then as in-house counsel at a Big Tech firm. After having two children she began to question whether she could have both a high-level legal role and time with her family, and in 2024 she

Business

Stocks Rebound After Volatile Week as Dow Hits Record High

Stocks rallied on Friday, with the S&P 500 rising 2 percent — its biggest one-day gain since May — as some beaten-down technology shares stabilized and investors shifted toward more traditional companies. The Dow Jones industrial average closed above 50,000 points for the first time, finishing at 50,115.

Business

Trump raises low-tariff imports of Argentine beef

Donald Trump on Friday signed a proclamation to increase the US’s low-tariff imports of Argentine beef, a move economists say will likely have little effect on consumer prices. A White House official said in October that Trump would make such a move, a prospect that evoked fury from the