Business

A collection of 1837 posts

Business

Analyst: GTA 6 code-in-a-box unlikely to dent Rockstar's sales

Rockstar confirmed the GTA 6 price ahead of pre-orders going live at midnight on June 25 (New Zealand can already pre-order). The standard edition will cost $80, while exclusive content in the Ultimate Edition will push the price to around $100 for many buyers. The game will appear on shelves

Business

Shareholder Bid Fails To Oust Kadokawa CEO

Kadokawa Corporation said activist shareholder Oasis Management failed to secure a majority vote to remove CEO Takeshi Natsuno, even though Oasis is the company’s largest shareholder with a 15.25 percent stake. Oasis had proposed Natsuno’s dismissal, calling him “markedly unsuitable to serve as a Director of the

Business

Kalshi Seeks Funding at $40B Valuation

Kalshi is in talks to raise funds at a $40 billion valuation, nearly doubling the $22 billion price set in May, the Financial Times said on Wednesday. The company could close the round as soon as the third quarter and previously closed a $1 billion Series F in May led

Business

ASA bans Adidas, Uniqlo and Calvin Klein 'recycled' ads

The UK advertising watchdog has banned Google ads from Calvin Klein, Adidas and Uniqlo that promoted clothing and shoes as 'recycled' after the advertisers were unable to prove their green claims. Each company ran paid-for Google ads: Adidas promoted 'recycled running shoes', Calvin Klein 'recycled&

Business

Kalshi seeks $40 billion valuation, widening lead over Polymarket

Kalshi is seeking to raise new capital at a valuation of about $40 billion, nearly double the $22 billion valuation from its previous funding round. The fundraising could close as soon as the third quarter and would widen Kalshi’s lead over rival Polymarket, which has been seeking funding at

Business

Meta's Zuckerberg enters the prediction market arena — again, a step behind

Mark Zuckerberg has repeatedly followed trends others pioneered: Reels after TikTok, Threads after the exodus from Twitter, and Facebook Dating amid the rise of dating apps. Now the 42-year-old is moving into online betting with an internal project called "Arena," pitched as a rival to Polymarket and Kalshi,

Business

Agility Robotics to go public via SPAC at $2.5 billion valuation

Agility Robotics plans to go public in a deal valuing the company at about $2.5 billion. The humanoid-robot startup, which spun out of Oregon State University in 2015 and builds a robot called Digit, will merge with Churchill Capital Corp XI, a SPAC led by Michael Klein, and is

Business

Prime Day cooling deals: 35% off Yeti Hopper M30, 40% off Cuisinart ice cream maker

Summer heat is arriving early, and after five years covering Prime Day sales I’ve rounded up the best cooling finds on Amazon to help you get through until September. If you need an immediate cool spot, you can always head to your local library. The Cuisinart Ice Cream Maker

Business

Wendy's stock surges as retail traders eye a potential short squeeze

Wendy's shares jumped sharply on Wednesday, rising as much as 37% intraday and finishing the day up more than 25%. Trading volume surged to about 202 million shares, compared with a daily average of almost 10 million. Retail traders seized on the move as evidence a short squeeze

Business

Prime Day camping deals: rare discounts on Yeti, Coleman, and Marmot gear

Camping is one of the best highlights of summer, and with July approaching Prime Day has produced notable discounts on outdoor gear. Amazon’s sale includes offerings that make trips more comfortable, from shade canopies to portable power stations and coolers. One standout is a Coleman tent marked down to

Business

Citrini sees trades in airlines, senior living, and live events as AI mania cools

Citrini Research says investors should cool the AI mania and start hunting for under‑the‑radar themes. The firm argues that capital crowds into one theme while names outside it get under‑owned, under‑modeled, and overlooked. One favoured idea is US airline stocks, with Citrini remaining constructive on United

Business

When does Prime Day 2026 end?

Prime Day 2026 began at 3:01 a.m. ET on Tuesday, June 23 and will conclude at exactly 2:59 p.m. ET on Friday, June 26, 2026 (or 11:59 p.m. PT). As of this writing, were on day two of the four-day sale. Theres still plenty

Business

CBOE Debuts Prediction Market with S&P 500 Contracts

Cboe Global Markets has launched Cboe Predicts, a prediction-market platform offering binary contracts tied to the S&P 500. The contracts are available through Interactive Brokers and are expected to appear on Charles Schwab and other retail brokerage platforms in the coming months. The binaries let traders take "

Business

How our product recommendations are chosen and checked

Our recommendations are based on many hours of testing, research and comparison shopping. We gather data from vendor and retailer listings as well as independent review sites, and we pore over customer reviews to find out what matters to people who already own and use the products and services we

Business

South Korea links token securities to wider market reforms

South Korea’s Financial Services Commission has folded token securities infrastructure into a broader overhaul of the country’s capital markets and launched a capital market infrastructure review meeting to coordinate reforms across government agencies and market operators. Plans for token securities will be discussed further through a public-private council

Business

Elon Musk's net worth falls below $1 trillion as SpaceX stock slides

Elon Musk is no longer a trillionaire after Tesla and SpaceX shares plunged during Tuesday's global sell-off. His net worth stood at $957 billion on Bloomberg's Billionaires Index, and he remains the world's richest person. SpaceX was valued at more than $2 trillion when

Business

34BigThings reclaims independence from Embracer

After six years under Embracer, Carmageddon: Rogue Shift developer 34BigThings has regained its independence. Original co-founder Valerio Di Donato has acquired full ownership, and the studio will be led by Di Donato, co-founder Giuseppe Enrico Franchi, and new chief financial officer Daniel Giagnorio. Di Donato paid tribute to Embracer, saying

Business

EVRStudio, developer of Mudang: Two Hearts, declared bankrupt

You will not be playing Mudang: Two Hearts on Xbox Series X/S or any other platform. The Splinter Cell–like stealth-action game out of South Korea is seemingly no more after its developer declared bankruptcy. An official court document shared on the Mudang subreddit shows the 11th Division of

Business

Paul Krugman says US-Iran peace won't bring swift economic relief

Paul Krugman warned in a Substack post that even if President Donald Trump’s claim of a near peace deal with Iran and a return of shipping through the Strait of Hormuz proves true, Americans should not expect quick economic relief. Trump has said the US economy would improve when

Business

The Pokémon crisis could be solved by Valve's Steam Machine strategy

Earlier this month The Pokémon Company released the First Partner Illustration series 2 collection, a starter-focused set with nine collectible full-art cards that are supposed to cost $15.99. Scalpers have driven the market price to about $58, and buying Pokémon cards without a markup is now nearly impossible: online

Business

Sega: Sonic Racing: CrossWorlds sales 'fell short' of expectations

Sega says Sonic Racing: CrossWorlds' sales fell short of expectations. In its latest financial results the company singled out CrossWorlds and Shinobi: Art of Vengeance as titles that 'fallen short of expectation' despite positive reviews; the games scored 82 and 87 on Metacritic at release. CrossWorlds was

Business

Creator marketing works best when brands give influencers freedom

Marketers should let creators experiment with sponsored content, a key takeaway from a recent fireside chat between YouTuber Adam Waheed and Google ad executive Sean Downey at the CMO Insider Breakfast. Creator ad spend is projected to hit $44 billion this year and is growing faster than the broader advertising

Business

Bob Iger says Disney considered buying James Bond

Former Disney CEO Bob Iger says the company was eyeing the James Bond franchise before Amazon bought it. He recalled that after the Pixar purchase 'it was like the clouds lifted and the sun started to shine again,' and said Disney put together a list of acquisition targets

Business

Best Sam's Club deals to rival Prime Day 2026

Sam's Club is rolling out steep discounts to compete with Prime Day, offering some of its lowest prices of the year across TVs, laptops, appliances and home tech. The sale gives shoppers a chance to save on big-ticket items at a time when many are hunting for the

Business

Tencent reportedly weighing exits from some studio stakes, but not FromSoftware

Bloomberg reported that Tencent is negotiating exits from several minority investments in video game studios as part of a reassessment of its portfolio. The company is looking to offload stakes in multiple partners, and the only studio named was Marvelous, developer of Story of Seasons and Daemon X Machina. Tencent