Business

A collection of 1440 posts

Business

Lucid unveils midsize EV platform, targets profitability with SUVs

Lucid says its entry into the high-volume midsize SUV market will be key to achieving profitability, and it plans a trio of electric SUVs built on a new midsize EV platform engineered to deliver a starting price below $50,000. "Today, were keeping the same Lucid product and

Business

Why oil could reach $200 a barrel, says former IMF economist

Oil prices have climbed amid unprecedented supply disruptions from the war in Iran. Olivier Blanchard, a former IMF economist, wrote that he finds it hard not to take as a central scenario that oil prices will remain very high for a long time, above current market levels. He pointed to

Business

Why one of Asia's poorest countries grows Japan's cash

Japan long harvested a shrub called mitsumata for its money supply. When mitsumata began dying out, Japan searched for alternatives to make yen and found a lifeline in the foothills of the Himalayas. There a low-value plant called argeli grew abundantly and proved a near-perfect replacement. Argeli had been worth

Business

Stock-based compensation will drive software layoffs, CEO warned

A CEO of a major public software company called on a recent weekend to warn the industry is headed for a painful financial reset. He asked to remain anonymous so he could speak frankly. One of his main messages: stock-based compensation is too high for many SaaS companies now, and

Business

Here's the Iran-war playbook for investors as the conflict drags on

Markets have been jolted by the US-Iran war: stocks fell while oil and bond yields rose, with oil back to $100 a barrel and the S&P 500 down nearly 3% for the year. Don’t panic — that’s the first rule investors should follow, market pros say. Since

Business

Video: Why Does Oil Matter So Much to the Global Economy?

The war in the Middle East has sent oil and gas prices soaring. Our energy reporter Rebecca F. Elliott breaks down how much the world continues to depend on reliable sources of oil. Why oil matters so much to the global economy. oil, gas, oil prices, gas prices, middle east,

Business

Analyst: PC games revenue to outgrow consoles by 2028

Newzoo's 2026 PC and Console report finds that PC games revenue, which trailed console software sales for more than a decade, began to outpace consoles in growth during 2025 as the industry emerged from its "post-2020 plateau." The firm forecasts 6.6% annual growth for PC

Business

Honda cancels three US-made electric vehicles amid China competition

Honda’s problems are bigger than the US government’s anti-environmental heel turn. Its other problem is in China, where it admits it just can’t compete. Chinese customers don’t care about efficiency or interior space; they want software features, and plenty of them. And they want them regularly

Business

25% off nearly everything at Madewell — log in to shop

Madewell's bi-annual Insider Event is underway. Through March 22, take 25% off nearly everything. The sale covers the latest drops as well as last season's pieces. To access the discount you must log in to your Madewell account or register — it’s fast, free and easy.

Business

Taco Bell CMO uses 10 Fire hot-sauce packets per taco

Taco Bell CMO Taylor Montgomery says he eats at the chain every other day and still orders crunchy tacos. His routine: one Fire hot-sauce packet per bite, which he estimates is about 10 packets per taco. Montgomery, who has worked at Taco Bell for a decade, said his go-to hasn’

Business

Harvey and Legora clash over how AI will reshape corporate law

Harvey and Legora both predict that AI will upend the legal world, but they disagree on who will lead that change. Melia Russell profiled Legora and its 26-year-old founder, Max Junestrand; Legora carries a valuation of more than $5 billion, while Harvey has been reported at $11 billion. Market positions

Business

Helium supply hit by Middle East conflict could push memory prices higher

Helium plays an unexpected but critical role in making processors, GPUs, DRAM and flash modules. The gas is used to flush other gases from wafer fabrication systems and must be extremely pure, and the current situation in the Middle East is likely to seriously impact that supply. Jukan on X,

Business

Asia confronts energy crisis from Iran war with no end in sight

Donald Trump has sought to reassure the world that the economic impact of his war on Iran can be contained, pointing to claims that the closed waterway might reopen, sanctions on “some countries” will be lifted and that the conflict could end soon. The release of hundreds of millions of

Business

Oil tops $100 after tanker attacks despite IEA's 400M-barrel release

Oil surged back above $100 a barrel after two fuel tankers were attacked in Iraqi waters, heightening tensions in an already fragile market. Late on Wednesday, Brent futures jumped about 9% to around $100 a barrel, while US West Texas Intermediate rose roughly 8.3% to near $94, as traders

Business

Atlassian CEO explains AI-driven layoffs in video message

Atlassian cut about 1,600 jobs, roughly 10% of its workforce, as it pivots more aggressively toward AI. CEO Mike Cannon-Brookes addressed employees in a four-minute video explaining the layoffs. In a message on the company's blog he called the decision difficult but necessary as AI reshapes how

Business

Atlassian to cut 1,600 jobs to focus on AI and enterprise growth

Atlassian said it will cut about 1,600 jobs, roughly 10% of its global workforce, as the company restructures to focus on AI and enterprise growth. In a filing with the US Securities and Exchange Commission, the Sydney-headquartered company said the layoffs are part of a broader effort to reposition

Business

SEC and CFTC agree to coordinate oversight and regulate markets in harmony

The US Securities and Exchange Commission and the US Commodity Futures Trading Commission have agreed to better coordinate oversight of the financial markets, aiming to end decades of “regulatory turf wars.” The memorandum says it is a “pivotal time” to regulate in harmony as new trading models, digital infrastructure, and

Business

NBCUniversal to cut dozens of jobs as Showmax shuts down

NBCUniversal is planning to cut dozens of employees as the African streaming service Showmax shuts down. Staffers were informed of the change on Wednesday. About a dozen US staffers on the global streaming product team were impacted, and dozens of others could be affected internationally, two people familiar with the

Business

Valve says New York Attorney General's videogame comments are 'a distraction'

New York's lawsuit accuses Valve of violating its gambling laws through loot boxes, which it claims "enable gambling by enticing users to pay for the chance to win a rare virtual item of significant monetary value." The suit says Valve "has made billions of dollars

Business

Promotion burnout: why women are quitting the race to be boss

Is “promotion burnout” a new workplace trend or a worrying tendency? A survey of 1,000 professional women by the recruitment agency Robert Walters found 54% felt less motivated to pursue promotions than they did two years ago. McKinsey’s 2025 Women in the Workplace report identified a gender “ambition

Business

Ripple buyback values firm at $50 billion

Ripple has begun a share buyback that could value the company at about $50 billion. The blockchain payments firm plans to repurchase up to $750 million in shares from investors and employees through a tender offer expected to run through April. Ripple is a major contributor to the XRP Ledger

Business

Deutsche Bank says AI fears have peaked; upgrades software stocks

Deutsche Bank strategists said AI fears have peaked and upgraded software stocks to overweight while raising their tech sector rating to neutral from underweight. Maximilian Uleer, Carolin Raab, and Francesca Mazzali argued investors are undervaluing top software names and wrote, "Software companies are trading at historically low premiums versus

Business

David Ellison Underwhelms Warner Bros. Executives in First Meeting

The Paramount Skydance CEO, David Ellison, and Paramount COO Andy Gordon met with about 200 Warner Bros. executives at the Steven J. Ross Theater on the Burbank lot as questions swirl around a hostile acquisition and the Middle East funds backing the $110 billion deal. Ellison offered mostly introductory remarks

Business

Gas prices top $3 a gallon in every US state for first time since 2023

Every US state now has an average regular gas price above $3 a gallon, AAA's data shows — the first time that has happened since 2023. The national average rose to $3.58 on Wednesday. Kansas was the final holdout. Its average jumped from $2.96 on Tuesday to

Business

CAA-Range legal saga could reshape Hollywood

The arbitration between CAA and four former agents who formed Range Media Partners has become the town’s dominant legal story. Jack Whigham, Dave Bugliari, Michael Cooper and Mick Sullivan left CAA six years ago; two years after launching Range they initiated arbitration after their CAA equity was stripped. CAA