Business

A collection of 1072 posts

Business

Bulgarians Adopt the Euro With a Whisper of Melancholy but Few Tears

Bulgaria replaced the lev, its currency since the 1880s, with the euro after a month-long phase-in that began Jan. 1. The changeover was long anticipated and divided public opinion; some people expressed sentimental regret while others welcomed the convenience. The switch came amid recent political upheaval: tens of thousands protested

Business

Why Bitcoin’s Hold at $76,000 Shapes MicroStrategy’s Q4 Earnings

Strategy (formerly MicroStrategy) is set to report Q4 2025 earnings after market close on February 5, and Bitcoin’s ability to hold the $76,000 level has become a balance-sheet inflection point. The company’s average acquisition cost of about $76,052 across 713,502 BTC means fair-value accounting adopted

Business

Disney Names Josh D’Amaro as Next C.E.O.

Disney named Josh D’Amaro its next chief executive, ending a nearly three-year succession search. The board voted unanimously to give him the job; he will assume power on March 18 and join the company’s board. Robert A. Iger will remain as a senior adviser and board member until

Business

Real estate's hottest investment: An Airbnb near a World Cup stadium

Homeowners near major sports venues are investing to convert properties into short-term rentals for events. In the Kansas City area, Myriam Totta and her husband spent $55,000 upgrading a four-bedroom home, and since listing in December it has seen only a handful of bookings; their first guests caused about

Business

Pahdo Labs shuts down after Starlight Re:Volver underperforms

Pahdo Labs has announced it is shutting down after struggling to sustain the studio. CEO Dan Zou said the studio had been grappling with Starlight Re:Volver's commercial performance and had previously laid off half its team and halted updates. After a demo that did well during Steam

Business

Crunchyroll raises subscription prices across U.S. tiers

Crunchyroll has announced a price increase for all U.S. streaming tiers, with Fan rising to $9 (from $8), Mega Fan to $14 (from $12), and Ultimate Fan to $18 (from $16). The company said subscribers will pay an extra $12 to $24 per year, with the change announced on

Business

Christy Tanner Named C.E.O. of New York Public Radio

New York Public Radio said on Tuesday that Christy Tanner will be its next chief executive and that she will take the helm on Wednesday. The nonprofit, which owns WNYC and the classical station WQXR, produces The Brian Lehrer Show, the podcast Radiolab and the local news site Gothamist. Ms.

Business

SpaceX buys xAI as Musk cites space data centers; experts skeptical

Elon Musk combined his companies SpaceX and xAI, creating what the companies say is the most valuable privately owned company in the world, the firms announced after the news broke on Monday. Musk said in a statement posted on SpaceX's website that the electricity demand for AI was

Business

Siemens Energy to Spend $1 Billion Expanding U.S. Plants for A.I. Power Demand

Siemens Energy said it will invest $1 billion to expand manufacturing of electrical equipment in the United States, announcing the plan on Tuesday to grow existing plants in several states and build a new factory in Mississippi. The company said spending will be distributed across states including Florida and North

Business

PepsiCo says it will cut prices on Cheetos, Doritos and Lay’s

PepsiCo said on Tuesday, Feb. 3, 2026, that it would cut prices on some of its most popular snacks, including Cheetos, Doritos and Lay’s, as it seeks to win back price-conscious consumers. The company said the pledged cuts followed “extensive consumer feedback around affordability limitations.” PepsiCo has also “begun

Business

JPMorgan: AI tops family office investments; crypto exposure remains minimal

Artificial intelligence has emerged as the dominant investment theme for the world’s largest family offices, while cryptocurrencies attract limited interest, according to JPMorgan Private Bank’s 2026 Global Family Office Report, which polled 333 single-family offices across 30 countries between May and July 2025. The report found 65% of

Business

Twin Cities economy reels as ICE’s Operation Metro Surge nears third month

Immigration and Customs Enforcement’s Operation Metro Surge, nearing its third month in Minnesota, has coincided with steep drops in business across the Twin Cities, The New York Times reported on Feb. 2, 2026. Business owners described traumatic encounters with federal agents. On Dec. 11, Henry Garnica said officers surrounded

Business

Trump and Modi Announce End to U.S.-India Trade War; Terms Remain Unclear

The economic war between the United States and India ended abruptly on Monday with a pair of social media posts from President Trump and India’s prime minister, Narendra Modi, announcing a truce, the New York Times reported. Mr. Trump wrote that “Our amazing relationship with India will be even

Business

Insurer won’t pay wedding cancellation after brother’s emergency cancer diagnosis

Two days before her wedding last May, a woman in London cancelled the ceremony after her 23-year-old brother was diagnosed with terminal brain cancer and underwent emergency surgery. She had bought cancellation cover in December 2023 from The Insurance Emporium (TIE) and submitted a claim, which was later denied. The

Business

Jobs Report Delayed Because of Partial Shutdown

The Bureau of Labor Statistics said it will not release its monthly jobs report on Friday because of a partial government shutdown, the agency’s associate commissioner, Emily Liddel, said. The report would have provided data on job growth, unemployment and wages in January, as well as annual revisions to

Business

Waymo raises $16 billion to fund global expansion

Waymo, the self-driving taxi company owned by Alphabet, said on Monday that it had raised $16 billion to fuel plans for global expansion and that the funding round valued the company at about $126 billion, according to the announcement. The round was led by Dragoneer Investment Group, DST Global and

Business

Instacart gift cards 10% off at Best Buy as of Feb. 2

As of Feb. 2, Best Buy is offering two Instacart digital gift card deals: a $100 card for $90 and a $200 card for $180, each representing a 10% discount. Both gift cards are digital and available immediately after purchase; the redemption code is sent to the recipient's

Business

Kirkland panko shrimp tops reviewer’s ranking of 12 Costco frozen appetizers

Ted Berg tried 12 frozen appetizers from Costco's freezer section in a family taste test and named Kirkland Signature's breaded panko shrimp his top pick in a review published Feb. 2, 2026. Berg said he ran the test ahead of the Super Bowl and because frozen

Business

DoJ release links Epstein to major business figures including Musk and Gates

The Justice Department’s release on Friday of more than three million pages of documents related to Jeffrey Epstein included emails and other materials that mention a wide range of prominent business figures, the New York Times reported. The files include notes Epstein drafted to and about Bill Gates in

Business

Capgemini to divest US unit over ICE contract after pressure from French lawmakers

French tech giant Capgemini said in a press release on Sunday that it will sell a US subsidiary that held a contract with US Immigration and Customs Enforcement (ICE). The company said "legal constraints" prevented it from controlling the subsidiary's operations. Capgemini has faced pressure from

Business

China pushes A.I. firms to race ahead while enforcing complex new rules

In late January, China’s leader Xi Jinping told officials the country was on the cusp of an “epoch-making major technological revolution” and warned that artificial intelligence must not “spiral out of control,” according to state media, signaling Beijing’s push to both accelerate A.I. development and tighten oversight.

Business

Shenzhen’s Jereh collapse leaves 150,000 gold investors offered pennies on the dollar

A Shenzhen-based gold trading platform, Jereh, has collapsed after restricting withdrawals on January 20, leaving more than 150,000 users — many described as housewives and working-class investors — unable to access funds, according to local media reports. Jereh ran a “pre-set price” product that functioned like unlicensed options trading: users could

Business

Josh D’Amaro seen as front‑runner to succeed Bob Iger at Disney

Josh D’Amaro is widely considered a front‑runner to be Disney’s next chief executive, and Disney’s board is expected to choose Bob Iger’s successor “in the next week,” according to two people with knowledge of the plans, The New York Times reported on Jan. 30, 2026.

Business

How DoorDash and Other Delivery Apps Are Reshaping Mealtime in the U.S.

Food delivery apps such as DoorDash, Uber Eats and Grubhub have become central to American mealtimes, the New York Times reported Jan. 30, 2026 (updated Jan. 31), noting that in 2024 almost three of every four restaurant orders in the U.S. were not eaten in a restaurant, according to

Business

Ashes of Creation reportedly canceled as Intrepid Studios lays off its entire team

Early access MMO Ashes of Creation has reportedly ceased development and Intrepid Studios has laid off its entire team, community posts and staff social media indicated. The game raised nearly $3.3 million on Kickstarter in 2017, making it the crowdfunding platform's most successful MMO fundraiser. On January