Business

A collection of 1072 posts

Business

Uncertainty Shapes Travel Plans in 2026 as Politics and Climate Bite

Travel in 2026 is being defined by uncertainty as politics, military action and climate change force vacationers to rethink itineraries in places that once seemed predictable. The Caribbean faces the added risk of possible U.S. military action in Venezuela or Cuba, some prospective visitors are reconsidering trips to the

Business

Internal OpenAI documents forecast $14 billion loss in 2026

Pcgamer reports that internal OpenAI documents seen by The Information forecast a $14 billion loss for 2026 as part of a set of financial projections for the company. The documents say OpenAI could continue to record losses totalling about $44 billion through 2029 before turning a profit and generating "

Business

Trump to Speak in Davos as Greenland, Tariffs and Market Turmoil Loom

President Trump is set to speak today at the World Economic Forum in Davos, Switzerland, a much-anticipated address that has generated both excitement and trepidation. A large crowd of protesters reportedly descended on the main street ahead of his arrival, and the speech is expected to touch on Greenland, tariffs,

Business

Lawmakers, investors and a California measure press Uber over sexual assaults

Uber is facing mounting scrutiny across the United States as lawmakers, investors and a California ballot initiative move to hold the ride-hailing company accountable for a pattern of sexual violence during rides. In California, a proposed ballot initiative would make ride-hailing companies legally responsible for sexual misconduct and assault against

Business

TEPCO restarts Unit 6 at Kashiwazaki-Kariwa as Japan revives nuclear power

Tokyo Electric Power restarted Unit 6 at its Kashiwazaki-Kariwa nuclear complex in Niigata Prefecture on Wednesday, the first reactor to resume operation at the site. The restart was delayed by a day after a safety alarm failed to sound during a test, the company said. Unit 6, at one of

Business

Threat of U.S. tariffs over Greenland dispute rattles global markets

A sharp sell-off in U.S. assets, triggered by President Trump’s threat to impose sweeping tariffs on European allies over a dispute regarding Greenland, spilled into markets in Asia and Europe on Wednesday, pushing stocks in Japan and elsewhere in Asia lower. Taiwan’s Taiex index fell more than

Business

Leaders must prioritise cybersecurity, geopolitics and adaptive leadership in 2026

As ZDNET marked a decade of its podcast, three leaders — André Pienaar, Dr. David Bray and Ken Banta — discussed what boards and CEOs must understand to remain competitive in 2026, saying the decisions made this year will determine whether organisations remain competitive or become less relevant by year-end. André Pienaar

Business

Six practical tips for choosing UK credit card deals

A Guardian guide outlines six practical ways for UK consumers to pick the best credit card deals, covering how APRs work, 0% balance transfers, eligibility checks, spreading large purchases, travel rewards and cashback options. The guide explains APR is the annual percentage rate that shows the total cost of borrowing

Business

Switch 2 could face 2026 price increase amid RAM and tariff pressures

Kotaku reports that video game insights firm Niko Partners says Nintendo may have to raise the price of the Switch 2, even though the console is currently outselling the original Switch in its first year. Niko Partners notes Nintendo kept the Switch 2's $449 entry price at launch

Business

GameStop says it patched Switch 2 trade-in 'infinite money' glitch

Kotaku reports a YouTuber exposed an "Infinite Money Glitch" at GameStop, and on January 20 the company posted on Twitter saying it had patched the bug. The glitch reportedly worked by buying a Nintendo Switch 2 for $414.99 (reported as $415) and immediately trading it back in

Business

Baran Süzer buys 52% stake in Moxy Miami Wynwood for $99 million

Pagesix reports that Istanbul’s Süzer Group, led by vice chairman Baran Süzer, has acquired a 52% controlling stake in the Moxy Miami Wynwood hotel for $99 million at 255 Northwest 25th Street in Wynwood, Miami. The eight-story, 120-room boutique property features dining and nightlife concepts operated with leading hospitality

Business

Massachusetts judge set to order Kalshi to halt online sports betting

A superior court justice in Massachusetts will preliminarily order the prediction market platform Kalshi to stop taking online sports bets in the state. The source states the action will be a preliminary order to halt Kalshi's online sports business there. The material provides only that the judge will

Business

David Rosen, Sega Co‑founder Behind Genesis, Dies at 95

David Rosen, a Brooklyn-born entrepreneur who transformed a photo booth business in Japan into Sega Enterprises, died on Dec. 25 at his home in Los Angeles. He was 95, and his death was confirmed by Annette van Duren, a spokeswoman for his family. Over a four-decade career that began in

Business

Zootopia 2 tops all-time animated box office with $1,706,542,207

Businessinsider reports that "Zootopia 2" is now the highest-grossing animated feature film, with a worldwide gross of $1,706,542,207. The ranking, compiled from Box Office Mojo without adjusting for inflation, lists the 15 highest-grossing animated feature films and shows that "Zootopia 2" surpassed "

Business

Ray Dalio warns monetary order is 'breaking down' and points to gold's strength

Billionaire hedge fund manager Ray Dalio said the global monetary order is "breaking down" and highlighted gold's strong performance while speaking to CNBC's Andrew Ross Sorkin at the World Economic Forum in Davos, Switzerland. Dalio warned that central banks were "not handling fiat

Business

Zynga and rivals use secret V.I.P. programs to retain high-spending players

Zynga and other game companies run secretive V.I.P. programs that target high-spending or loyal players of mobile titles such as Custom Street Racing, FarmVille and Words With Friends, offering personal account managers and exclusive sweepstakes and events. V.I.P. perks at Zynga have included regular check-ins from

Business

Tech companies and A.I. dominate Davos as Trump’s visit looms

At the World Economic Forum in Davos, global technology companies and artificial intelligence-focused events dominated the gathering, while attention centered on the expected arrival of President Trump. Lines formed early for the AI House and an Axios forum on artificial intelligence and cybersecurity, while a storefront for the Alliance for

Business

U.S. stocks, dollar and Treasuries fall after Trump escalates Greenland dispute

U.S. stocks, the dollar and government bonds all fell Tuesday morning as investors reacted to President Trump’s intensifying standoff with European leaders over the fate of Greenland. The S&P 500 dropped over 1 percent, its biggest morning decline since April when Mr. Trump first announced sweeping

Business

Netflix offers $83 billion all-cash deal for parts of Warner Bros. Discovery

Netflix announced on Tuesday that it had revised its December offer to acquire major parts of Warner Bros. Discovery, proposing to pay the $83 billion entirely in cash instead of with a mix of cash and stock. Netflix said the change simplifies the deal for investors who will no longer

Business

Trump’s expected Davos appearance rattles attendees over Greenland and tariffs

Treasury Secretary Scott Bessent has been explaining President Trump’s agenda to an antsy gathering at the World Economic Forum in Davos, Switzerland, where Mr. Trump is expected to speak on Wednesday. The mood at the forum is one of trepidation, attendees said, with some C.E.O.s calling

Business

Silver Hits $95/Oz Record as Analysts Target $100 and Up to $300

Beincrypto reports silver hit $95 per ounce, a new all-time high, extending a rally that has lifted the metal 31% year-to-date. Analysts now expect silver to reach $100 soon, with some forecasts pushing as high as $300 in 2026. Drivers cited include safe-haven buying, expectations of Federal Reserve rate cuts

Business

GSK agrees $2.2bn deal to buy RAPT for food-allergy drug ozureprubart

GSK has unveiled a $2.2bn deal to acquire Californian biotech RAPT Therapeutics, gaining rights to ozureprubart (Ozu), a long-acting drug in development to protect against severe food allergies. It is the first large deal announced by GSK’s new chief executive, Luke Miels, who took the reins at the

Business

Davos day two: Nadella, Khosrowshahi, and Fink lead discussions on AI and capitalism

Businessinsider is on the ground for day two of the World Economic Forum in Davos, where Microsoft CEO Satya Nadella, BlackRock CEO Larry Fink, Palantir CEO Alex Karp, and Salesforce CEO Marc Benioff were on the agenda. Nadella said he now uses Copilot to prepare briefs for back-to-back meetings and

Business

Economists Say Trump’s First Year Risks Weakening U.S. Economy Over Time

President Trump’s first year back in the White House ended with an economy that, by most conventional measures, looks much like the one he inherited, but economists warn his policies could leave the United States less dynamic and less prosperous over the long run. Unemployment is low, consumer spending

Business

Risk assets slide on tariff uncertainty and rising global bond yields

Risk assets slid as markets reacted to tariff uncertainty and rising global bond yields. The downturn came amid growing concerns over tariffs and an increase in yields on global government bonds, which weighed on sentiment across riskier asset classes. Further details on the scope or duration of the sell-off were