Business

A collection of 1424 posts

Business

Kalshi hired 15-year-old streamer before legal intervened

Prediction markets are essentially casinos where people pay to lose money shaking virtual 8-balls. The companies who run them, like Kalshi, want you to think of them as some high-minded enterprises providing public value when they are actually just DraftKings for people who consume too much news. And even if

Business

Netflix buys Ben Affleck's AI company

Netflix has acquired InterPositive, the AI company Ben Affleck founded in 2022. InterPositive says it aims to "blend artistry with technology to craft bold visual stories that connect," building worlds with "AI-powered visuals" while insisting "every frame matters, every idea counts." The streaming service

Business

Revealed: the new affordable commuter hotspots in Great Britain

The commuter belt has been redrawn. During the pandemic many buyers left cities for space and the coast, but as offices called people back the pattern has reversed — and the market that returning commuters face is very different. The cost of living and mortgage repayments are higher, London remains unaffordable

Business

NetEase reportedly cuts funding for Nagoshi Studio

Toshihiro Nagoshi's new studio is reportedly facing closure after NetEase cut its investment in the fledgling developer. Nagoshi, known for his work on the Yakuza series and Like A Dragon, launched Nagoshi Studio in 2021 in partnership with NetEase, the entertainment conglomerate behind titles such as Marvel Rivals

Business

Nintendo Suing United States Govt. Over Trump Tariffs

Nintendo of America is suing the U.S. Treasury Department, Homeland Security, and Customs & Border Protection to recover money it paid under tariffs that the Supreme Court declared illegal last month. In a suit filed in the U.S. Court of International Trade, the company’s lawyers say that

Business

Former Ashes of Creation CEO Says He Won First Legal Victory

The Kickstarter-funded MMORPG Ashes of Creation was removed from the Steam storefront on February 2 amid a collapse that involved more than a hundred developers being laid off without their final month’s pay, an investor accusing the company’s CEO of financial fraud, and multiple lawsuits alleging violations of

Business

US gas prices climb to highest point in Trump's second term

Gas prices jumped as the military conflict with Iran escalated, pushing the national average for a gallon of regular gasoline to $3.32 on Friday — an 11.4% rise from last week and the highest level since August 2024. Brent crude traded above $91 a barrel Friday morning, its highest

Business

Nintendo sues US for refunds after tariffs delayed Switch 2 pre-orders

Nintendo filed a lawsuit in the U.S. Court of International Trade seeking refunds after the Supreme Court struck down President Trump's tariffs. The company asks the court to order the prompt refund of the "unlawful" tariff fees, with interest and attorney fees. The levies were

Business

Private-credit jitters: recent events that have spooked investors

Concerns about private credit have risen after a string of recent setbacks. BlackRock capped withdrawals from its HPS Corporate Lending Fund after more than $1.2 billion in first-quarter redemption requests, paying out $620 million — about 5% of the fund's net asset value — and invoking the threshold that

Business

Oil rises amid Middle East crisis as Asian markets rebound

Stock markets in Asia recovered after several days of heavy losses linked to the war in the Middle East. South Korea’s KOSPI, which had plunged by 12% on Tuesday, climbed by almost 10% on Thursday, Japan’s Nikkei rose 1.9%, and MSCI’s Asia-Pacific index excluding Japan jumped

Business

Alphabet CEO's new $692M pay package tied to Waymo, Wing performance

Alphabet CEO Sundar Pichai will receive a three-year equity package that could be worth up to $692 million if the board's performance targets are met, the company said in an SEC filing. Much of the award remains unchanged from his 2022 grant, but for the first time a

Business

Nintendo sues US government over Donald Trump's illegal tariffs

Nintendo filed suit against the U.S. government and multiple officials on Friday in the United States Court of International Trade, seeking the prompt refund, with interest, of duties it paid over the past year. The complaint names Scott Bessent, Secretary of the Treasury; Kristi Noem, the (now-former) Secretary of

Business

Video: How the War in Iran Is Disrupting the World’s Oil

Business reporter Peter Eavis looks at the global implications of the Strait of Hormuz. The narrow waterway to the south of Iran is the focus as he analyzes ship activity in the strait. Eavis compares that activity before and after the United States and Israel initiated attacks on Iran. Iran,

Business

Meghan Markle and Prince Harry’s biggest business setbacks since royal exit

Since stepping away from royal duties in March 2020, Meghan Markle and Prince Harry have launched multiple business ventures and faced a string of setbacks. Their lifestyle brand As Ever lost its Netflix tie in 2026, and several other projects have stalled or underperformed. Meghan’s children’s book The

Business

Lego rumored to release $260 Poké Ball display set in August 2026

Leaker Brick Clicker claims Lego is planning a large Pokémon set built around a Poké Ball that opens to reveal an interior diorama. The leak places this release alongside the return of Spongebob sets and a Dragon Ball Shenron display slated for 2026. Last year Lego reclaimed the Pokémon license

Business

Billy Joel sells Centre Island estate pieces for $35.7 million

Billy Joel sold the main piece of his Centre Island, New York, waterfront estate, MiddleSea, for $28.75 million, bringing combined sales of the property’s parcels to $35.7 million. The 26-acre estate first went on the market in 2023 with a $49 million asking price and was relisted

Business

Jefferies names seven beaten-down stocks it likes amid AI sell-off

Jefferies says the recent AI panic trade has pushed a number of otherwise solid stocks into a “discount bin.” The firm argues that fears about tech-driven disruption have prompted broad selling, even though AI will only upend parts of the economy and some companies remain good long-term buys. On the

Business

Daniel Mazur is joining Izzy Englander's Millennium

Daniel Mazur is joining Izzy Englander's $86.3 billion hedge fund Millennium as a senior portfolio manager. He has traded stocks at Ken Griffin's Citadel since 2016. Citadel liquidated Mazur's portfolio earlier this year and promoted two people who worked under him — Brad Gemberling

Business

Nintendo sues US government over 'illegally collected' tariffs

Nintendo is suing the US government over duty fees it calls "illegally collected." In a lawsuit obtained and shared by Aftermath, the company says US President Donald Trump’s "unlawful imposition of tariffs" under the International Emergency Economic Powers Act (IEEPA) caused it to have "

Business

Quiz: Could you do a better job than McDonald's CEO?

You're not the McDonald's CEO, but you can test your skill with our quiz! The McDonald's CEO is getting roasted for an awkward taste test of the new "Big Arch" burger. An Instagram video he posted, where he takes a bite of

Business

Netflix cuts ties with Meghan Markle's As Ever brand

Netflix has cut ties with Meghan Markle’s lifestyle brand, As Ever. A Netflix source said, "Her show did not go on so it did not make sense to continue the partnership," referring to Markle’s two-season series, "With Love, Meghan." A Netflix spokesperson added, "

Business

What to expect after robust January jobs gain

Economists expect the US added 55,000 jobs in February and for the unemployment rate to hold at 4.3%. January showed a stronger gain of 130,000 jobs, but revisions revealed 2025 added just 181,000 jobs — the weakest annual growth outside a recession since 2003. The economy still

Business

PEI Licensing sues Pudgy Penguins over penguin trademarks

PEI Licensing, the company behind Original Penguin, filed a lawsuit in a Florida federal court on Wednesday accusing the NFT project Pudgy Penguins of trademark infringement, dilution and unfair competition. The complaint alleges the project is using a “family of penguin trademarks that are confusingly similar” to PEI’s marks

Business

China's brightest graduates are turning to manufacturing

For years China's top students gravitated toward tech and finance, but that is changing. Tsinghua University reports the number of graduates entering manufacturing and energy rose 19.1% year over year for the class of 2025, and that share has grown for six consecutive years; the class of

Business

JPMorgan's ex-quant: TACO trade won't shield markets from Iran war

Trump Always Chickens Out has saved Wall Street more than once in the president's second term. The TACO trade describes the market's relief rally after Trump backs off from aggressive policy. Marko Kolanovic, JPMorgan's former quant chief, said TACO won't get Wall