Business

A collection of 1072 posts

Business

Viral forecast argues gold could rise to $12,595 an ounce

A forecast by Dan Oliver, founder of Myrmikan Capital, has gone viral online by arguing that central-bank demand could justify gold trading as high as $12,595 an ounce. Gold was trading around $5,060 per ounce on Tuesday, up 72% over the past 12 months. Oliver frames gold as

Business

JPMorgan: software sell-off presents a buying opportunity

JPMorgan says the dramatic plunge in software stocks last week is a buying opportunity. The sell-off began after Anthropic unveiled new AI tools, wiped roughly $2 trillion of market capitalization and produced the sector's largest 12-month drawdown in more than 30 years, reducing its S&P 500

Business

Goldman CEO says 2026 will be a big year for dealmaking

Goldman Sachs CEO David Solomon said the bank has moved out of a defensive stance after several difficult years marked by weak private-equity activity and volatile trading. After a strong 2025, he said Goldman enters 2026 with the wind at its back. Solomon pointed to a shift in Washington toward

Business

Lorwyn Eclipsed becomes Magic: The Gathering’s fastest-selling original set

Lorwyn Eclipsed is now the fastest-selling original Magic: The Gathering set of all time, a milestone that underscores the game's continued growth and shows it can thrive without relying on Universes Beyond crossovers. On a Feb. 10 earnings call presenting Hasbro's Q4 and full-year 2025 results,

Business

What I buy at Costco for two people to save money

I've been a Costco shopper for as long as I can remember. As a kid I often went there with my parents on weekends to buy bulk food, books, clothing, and Barbie dolls — and enjoy a $1.50 hot dog and soda. Now I shop for a household

Business

Shift in Chinese durian taste leaves Malaysian farmers in turmoil

Soaring Chinese demand brought Liew Jia Soon home in 2018 and helped his father’s farm expand, but the spectacular earnings have evaporated. “We farmers have seen a 60 percent drop in profits during this season,” he said while looking over hundreds of unsold durians at a collection point near

Business

Plug-in hybrids were meant as a bridge to EVs — now they're fading

Plug-in hybrids were sold as a middle ground: a cord-chargeable battery for short electric trips and a gasoline engine for longer drives. Unlike mild hybrids, PHEVs plug in and can run on electricity alone for short distances, but consumer interest has waned — "Consumers really don't seem to

Business

Bond investors bet on another 100 years for Google

Alphabet is offering a rare 100-year bond as part of a borrowing push to finance its massive AI spending, a move that suggests investors are betting on the company's long-term prospects. The firm has sold tens of billions of bonds recently across a range of currencies. It has

Business

Paramount sweetens WBD bid without raising $30-per-share price

Paramount Skydance adjusted its all-cash offer for Warner Bros. Discovery but left the $30-per-share top line unchanged. The move marks founder David Ellison's ninth bid after eight previous offers were rejected, and it comes as Netflix pursues a separate $27.75-per-share cash deal for WBD's streaming

Business

Strategy (MSTR) Rises 33% After Earnings and Bitcoin Recovery

Strategy Inc, also known as MicroStrategy, climbed roughly 33% after forming a local low on February 5, a move that followed an about 11% recovery in Bitcoin and renewed institutional interest in the company’s Bitcoin-linked business model championed by Michael Saylor. The surge raises the core question: is this

Business

I don't understand what Riot wants from 2XKO

Just three weeks after its grand 1.0 launch and console release, Riot has slashed the 2XKO team in half. Around 80 employees are out of a job, some of whom have been around since the game's beginning. Riot said, "As we expanded from PC to console,

Business

Molly O'Shea: VC-turned-podcaster who interviews tech execs

Molly O'Shea built a large rolodex during several years in venture capital and now hosts Sourcery, a podcast and newsletter that has landed interviews with Palantir CEO Alex Karp, Anduril cofounder Palmer Luckey, and other high-profile tech leaders. Her VC background, she says, helps guests trust her and

Business

Eddie Bauer Files for Bankruptcy

The operator of Eddie Bauer, the sportswear company known for goose-down coats and outdoor apparel, filed for Chapter 11 bankruptcy in the District of New Jersey on Monday. It said it was looking to sell some or all of its approximately 220 Eddie Bauer stores in the United States and

Business

Telstra JV to cut more than 200 jobs as AI work shifts to India

Telstra and Accenture's $700m joint venture, announced in 2025, is expected to result in more than 200 job losses as the telco rolls out AI capabilities and shifts some work to India. The figure stands at 209 roles. A JV spokesperson said teams had been notified of proposed

Business

Social media superstars are over. It's all about niche creators now.

Creators are finding it harder to become global superstars as TikTok and Instagram increasingly personalize users' feeds. With For You pages tailored to individual tastes, many creators reach fewer new audiences, a change Reed Duchscher called the hardest it's ever been to break through. The industry is

Business

EasyJet refuses to honour a promised £472 refund

A UK air traffic control outage the day before a passenger's easyJet flight to Budapest caused disruption at Gatwick. At check-in, easyJet staff refused to issue a boarding pass after a smaller aircraft with fewer seats was substituted, leaving 35 passengers unable to board. The passenger was advised

Business

My week of only using cash — could notes and coins change my life?

I usually tap my phone to pay for almost everything, but after a reckless week of coffees and clothes I decided to try something stricter: no cards, no contactless, only cash. I set myself £180 for essentials and carried a £20 safety buffer, then headed to the bank because I

Business

Eric Schmnidt data center firm negotiating Texas deal with Google

Bolt Data and Energy, cofounded late last year by former Google CEO Eric Schmnidt, is negotiating with Google to anchor a large data-center campus in West Texas. Two people with direct knowledge of the talks said Google is considering a 250-megawatt commitment, while another person said it was too early

Business

Pilots and Flight Attendants Criticize American Airlines’ Performance

Pilots and flight attendants at American Airlines have made their frustrations with company leadership public. The union representing 28,000 flight attendants issued a unanimous vote of no confidence in CEO Robert Isom on Monday. On Friday, the pilots’ union, which represents 16,000 pilots, asked to meet with the

Business

Workday CEO Eschenbach departs; co-founder Aneel Bhusri returns as CEO

Workday said Monday that chief executive Carl Eschenbach is stepping down and leaving the company’s board, effective immediately. Co-founder and former CEO Aneel Bhusri will return to the chief executive role. Eschenbach joined Workday in December 2022 as co-CEO alongside Bhusri and had been serving as sole CEO since

Business

Court TV, Known for Live Trial Coverage, Is Getting a New Owner

Court TV, long known for bringing viewers into courtrooms for high-profile criminal and civil cases, will change hands. The E.W. Scripps Company reached a deal to sell the channel to the parent company of Law&Crime, which plans to expand Court TV’s streaming footprint. Law&Crime,

Business

Disney Prepares Blockbuster Season Merchandise for 2026 Hits

After a big 2025 that produced three billion-dollar films, Disney is gearing up for a packed 2026 summer. Major releases include The Mandalorian and Grogu on May 22, Toy Story 5 on June 19, and the Moana live-action remake on July 10. Ahead of the New York Toy Fair, Disney

Business

25% off H&R Block online tax prep in Presidents' Day sale

H&R Block is offering 25% off its online tax preparation program for Presidents' Day, and there’s a separate promotion for $50 off expert tax prep. New customers also receive a complimentary Tax Pro Review when they choose the Deluxe, Premium, or Self-Employed plans. The company guarantees

Business

Three ways AI can get you laid off

Laid-off workers often ask who or what is to blame, and AI is frequently the prime suspect. Jacob Zinkula has spoken to dozens of people trying to piece together why they were let go. A clearer explanation helps plan a next move, especially after a January that saw more layoffs

Business

Southern Water admits 18-year meter mix-up – but insists we owe it more

A tenant renting his grandmother’s house while she is in a care home with dementia received a £614 quarterly bill from Southern Water despite paying £62 a month by direct debit. He discovered the company had registered the wrong meter to his grandmother’s account and was charging her