Business

A collection of 1072 posts

Business

JPMorgan strategist calls software sell-off a healthy market rotation

Tech shares sold off after Anthropic released new plugins for its Cowork agent, and volatility spread as investors exited positions in many software stocks. Stephen Parker, co-head of global investment strategy at JPMorgan Private Bank, told CNBC the panic is overblown and that the move looks like a healthy rotation.

Business

Disney's choice of parks chief signals shift from streaming

Disney named parks chief Josh D'Amaro its next CEO, a choice that highlights his parks background rather than film, TV or streaming experience. The selection suggests streaming — once central to Disney’s strategy — is no longer seen as the key driver of the company’s future. Parks are

Business

Bedrock, an A.I. Start-Up for Construction, Raises $270 Million

Bedrock Robotics, a roughly year-old start-up founded by veterans of Waymo, said it raised $270 million in a funding round that values the company at $1.75 billion. The round was led by CapitalG and the Valor Atreides A.I. Fund, and included investors such as 8VC and the venture

Business

Why Josh D'Amaro won out in the Disney battle with 'sharp elbowed' Dana Walden

Josh D'Amaro has been named CEO of The Walt Disney Company, while Dana Walden was named president and chief creative officer. Walden had been viewed as the other top candidate and would have been Disney's first female CEO; she has led the company's TV

Business

Novo Nordisk warns of first annual sales decline since Ozempic

Novo Nordisk said it expects sales to fall between 5 and 13 percent this year, a decline that would be its first annual sales drop since 2017, the year before it began selling Ozempic. The company reported revenue of 309 billion Danish kroner last year, about $49 billion, a 10

Business

How major hedge funds performed in January 2026

The biggest hedge funds started 2026 mostly in the black, as the S&P 500 rose 1.4% and hit record highs in mid-January before dipping late in the month. Point72 gained 2.9% in January, Citadel's flagship Wellington returned 1%, Schonfeld's Partners fund returned

Business

GTA 6 Still Confirmed For November With Summer Marketing Blitz Planned

Take-Two Interactive reconfirmed during its quarterly earnings report and conference that Grand Theft Auto 6 is set to launch this November and said marketing for the game will begin this summer. CEO Strauss Zelnick said he felt 'I feel good about it. Very good about it' when asked

Business

BitMine chair's 'feature, not a bug' defense fails as BMNR resumes 30% fall

BMNR stock price resumed a broader downtrend in early February, falling about 25% over five days and more than 33% over one month to trade around $22.35. Chairman Tom Lee defended large unrealized crypto losses as “a feature, not a bug,” but the comments did not attract sustained buying.

Business

Washington Post Begins Sweeping Layoffs

The Washington Post told employees on Wednesday that it was beginning a widespread round of layoffs that are slated to shrink the newsroom by hundreds of journalists, cutting into the paper’s local, international and sports coverage. The cuts were announced in a video call, and executive editor Matt Murray

Business

Take-Two pauses Borderlands 4 release for Nintendo Switch 2

Take-Two Interactive said during its latest quarterly earnings call that it was pausing development of the Nintendo Switch 2 edition of Borderlands 4, halting the planned release for that platform. Borderlands 4 launched on PlayStation 5, Windows PC and Xbox Series X on Sept. 12, 2025, and a Switch 2

Business

Newly released files show emails between Bobby Kotick and Jeffrey Epstein

The Justice Department's recent release of files connected to Jeffrey Epstein contains more than a dozen allegedly exchanged emails between Epstein and then-Activision Blizzard CEO Bobby Kotick. Kotick's name had previously appeared in a 2015 Gawker publication that included a redacted copy of Epstein’s alleged

Business

HR professional turns vintage Coach bag hobby into side hustle

Jonathan Adona is a 32-year-old human-resources professional in New York City who turned a hobby of collecting and restoring vintage Coach bags into a side hustle after being inspired by TikTok videos. He got his first Coach piece in 2022 and says his interest deepened in December 2024; after an

Business

Why A.I. Fears Are Battering Stocks, Again

Investors have been fleeing software stocks after A.I. companies like Anthropic introduced more sophisticated business tools, sending shares down in Asia, Europe and on Wall Street. The market lost about $300 billion in value after the release of A.I.-driven automation tools that can handle some legal, marketing

Business

Wayfair Kitchen Cabinet Organizers to Declutter Your Space From $15

Wayfair offers a range of cabinet organizers aimed at clearing kitchen clutter. The roundup highlights eight space-saving essentials, with prices starting at $15. Top-rated picks named in the roundup include the Dotted Line Albie Steel Cabinet Door Organizer ($22), the Prep & Savour Claudya Helper Shelf ($15, orig. $18), the

Business

No, GTA 6 Isn’t Skipping Physical Discs At Launch

Take-Two Interactive CEO Strauss Zelnick told Variety that recent online claims Rockstar Games would delay GTA 6's physical disc release in favor of a digital-only launch to prevent leaks are not true. "That's not the plan," Zelnick said, addressing a rumor that began in

Business

New York Times Added 1.4 Million Digital Subscribers in 2025

The New York Times added 1.4 million digital-only subscribers in 2025, including about 450,000 in the fourth quarter, ending the year with 12.78 million total subscribers and on pace to reach its stated goal of 15 million by the end of 2027. A change in counting after

Business

The 10 best cities to buy a home in 2026

Realtor.com ranked the 10 US metros where homebuyers currently have the most bargaining power as listings sit on the market longer. The report notes the market has shifted from the competitive 2020 environment: a surplus of homes for sale and softer demand driven by higher mortgage rates, a shakier

Business

Demand has increased, without a doubt: the rise of personal protection dogs

Butch Cassidy, a 40kg Belgian shepherd owned by Grahame Green, is shown responding to a command by clamping on to a trainer's arm in a controlled demonstration. The article notes how such displays underline the potential for harm if a highly trained animal misfires or is handled by

Business

Inside Jeff Wang's new fund Augnition Global Investors

Former Sequoia investor Jeff Wang is planning to launch Augnition Global Investors later this year. The new fund was the talk of Morgan Stanley's annual Breakers conference in Palm Beach, attendees said. A person close to the firm said the fund will be a long-short equity investor that

Business

Take-Two Says GTA Online Will Continue Getting Support After GTA 6

During Take-Two’s quarterly financial call, CEO Strauss Zelnick addressed the future of Grand Theft Auto Online after the release of Grand Theft Auto 6 in November and said he expects support to continue into 2027. GTA Online first launched in October 2013 on Xbox 360 and PS3, has received

Business

Private credit faces strain as Blue Owl and others report losses

Private credit, once a fast-growing sector, has begun to show strains as investors grow wary. Blue Owl Capital's shares have lost more than half their value over the past year and investors have been pulling money from funds the firm manages. Apollo Global Management and BlackRock also rattled

Business

Pascagoula residents press Chevron for buyouts amid Venezuelan oil influx

The U.S. claim on Venezuela’s oil and efforts to prioritize shipments to U.S. refineries have raised the prospect that more Venezuelan heavy crude could flow to Chevron’s large Pascagoula refinery, and neighbors say that could worsen pollution. The refinery already processes Venezuela’s heavy, sulfur‑rich

Business

N.F.L. Seeks to Renegotiate TV Deals Years Early

With viewership at levels not seen since 1989 and revenue on track to reach $25 billion, the N.F.L. is expected to seek revisions to its broadcast and streaming contracts despite being in the early years of a $120 billion package that runs into the early 2030s. League officials

Business

The evolving FIRE movement, and how to achieve financial independence

Business Insider spoke with dozens of people pursuing financial independence and found many seek freedom rather than a life of permanent leisure. The FIRE movement, popularized by Your Money or Your Life and blogs like Mr. Money Mustache, has splintered into versions such as Coast FIRE and Barista FIRE, and

Business

Intrepid Studios Shuts Down After Ashes of Creation Launch, Staff Unpaid

Intrepid Studios, maker of the recently launched Ashes of Creation Steam MMO, has effectively shut down, according to a post from the studio’s head of marketing, Margaret Krohn. Krohn described a rapid series of layoffs beginning when she was told on January 28 that 100 developers would be let