Business

A collection of 1424 posts

Business

Take-Two CEO says he can't imagine gamers skipping GTA 6

Take-Two CEO Strauss Zelnick says the November 19 release date for Grand Theft Auto 6 will be "the real one," noting the launch is set for consoles while word on a PC version is still pending. Zelnick asked how anyone over 17 with a console could decide not

Business

Here's what Disney's new CEO Josh D'Amaro told employees on his first day

Josh D'Amaro sent employees a memo on his first day as Disney's CEO, saying he is "humbled and honored to help write the next chapter of this company." He took the baton on Wednesday from longtime leader Bob Iger. In the memo D'

Business

JCPenney CEO says she wears the brand 'head to toe' and hands out gift cards

JCPenney is pushing a comeback by leaning on its in‑house labels to deliver style at lower prices. Brand CEO Michelle Wlazlo says she wears the designs "head to toe" and even hands out gift cards to surprised shoppers. The retailer debuted its spring collection in Paris, Texas

Business

War in Middle East could shave $16.5bn off Australian economy, Chalmers warns

Treasurer Jim Chalmers released Treasury modelling showing a prolonged conflict in the Middle East could leave Australia’s GDP 0.6% lower in 2027, removing about $16.5bn from the national economy. The forecasts also suggest inflation could peak near 5% this year and that petrol price rises may continue

Business

Skipped college to intern with ex-Sequoia director; role evolved to cofounder

Raghav Saraf joined Zamp four days after his last high school exam ended in 2022, having met Amit Jain at a blockchain hackathon where he built a payment gateway similar to what Zamp was trying to build. The hackathon organizer introduced them, and Saraf accepted a three-month summer internship to

Business

Larry Ellison and President Trump drawn into Jeff Shell legal mess

Pro gambler RJ Cipriani alleges in an amended complaint that Paramount president Jeff Shell told him about the studio’s pursuit of Warner Bros. Discovery and relayed a personal assurance from President Donald Trump to Larry Ellison. The filing quotes Shell’s verbatim account of a “direct personal assurance” and

Business

Can New Zealand’s fragile recovery withstand the global oil shock?

Just as New Zealand’s fragile economic recovery shows flickers of improvement — with economists predicting its annual growth could surpass that of its larger neighbour Australia — it is facing a new threat: the war in the Middle East. New Zealand is particularly exposed to the energy shocks produced by the

Business

Australians fear recession as rate rises and petrol push up costs

Surging interest rates and petrol prices have stripped more than $1bn a month from Australian household budgets, raising fears of a recession after the Reserve Bank delivered back-to-back hikes as inflation spiked following the US war on Iran. Dougal Warby, who bought his first Brisbane apartment expecting the RBA to

Business

How Paramount buying Warner Bros could reshape Hollywood

Warner Bros captured 11 Oscars this year while Paramount received no nominations. Yet Paramount is poised to buy Warner Bros in a $111bn deal that, if approved by regulators, would merge the two studios into a single company, redrawing the Hollywood map and creating uncertainty for actors, directors, writers and

Business

Thames Water is billing me for its own mistake

A Thames Water customer says they were blindsided by a bill for nearly £2,000, backdated to 2020 after the company mistakenly stopped collecting their direct debits and failed to send any bills. Thames Water admitted the error and initially promised to write off charges older than 12 months, but

Business

Businesses need a director of AI productivity, not just a CAIO

Companies are debating who should make the most of generative AI — the CIO, a chief data officer, or a chief AI officer. Last year 60% of firms already had a CAIO and another 26% planned appointments. Some organisations, such as Thomson Reuters, choose not to create a CAIO: "No,

Business

Take-Two boss declines to advise new Microsoft Gaming chief

Asha Sharma's elevation to CEO of Microsoft Gaming after Phil Spencer's surprise retirement unsettled some gamers because she is not a gamer. Sharma joined Microsoft in 2024 as president of its CoreAI product; before that she was chief operating officer at Instacart and a vice president

Business

Saudi Arabia Buys Another 5% of Capcom as Resident Evil Requiem Sells 6 Million

Resident Evil Requiem has become the fastest-selling entry in the horror franchise, reaching 6 million copies in its first couple of weeks. Capcom said it will provide ongoing support and additional game content to keep players engaged, and DLC is already rumored for later this year as the company tees

Business

Judge Reinstates Subnautica 2 CEO and Restores Early Access Control

A judge in the Delaware Chancery Court ordered Krafton to reinstate Unknown Worlds CEO Ted Gill and restore his control over Subnautica 2’s Early Access launch. Vice Chancellor Lori W. Will entered judgment in favor of Fortis on Phase One claims, finding Krafton breached the EPA by terminating key

Business

Bethesda to reveal more on Starfield as industry faces changes

A PS5 port of Starfield is reportedly due in April, and Bethesda invited media and influencers to its Maryland studio for a sneak peek at the game's next update. Director Todd Howard cautioned it is not a full 2.0 reboot, while composer Inon Zur called Howard a

Business

Walmart's early deals counter Amazon's Big Spring Sale

Amazon's Big Spring Sale runs March 25–31, 2026, but Walmart has already cut prices across electronics, furniture and other categories, offering early spring discounts that compete with the upcoming event. Highlights include a Roku Streaming Stick for $15 (25% off), Beats Studio Buds Plus for $100 (33%

Business

Veteran who predicted 2008 warns four risks could make next crisis worse

Richard Bookstaber, the risk manager who foreshadowed the 2008 crisis, warns that a handful of compounding pressures could make the next downturn more damaging. He spent decades at firms such as Morgan Stanley and Bridgewater and later worked at the US Treasury and the SEC. In an op-ed he wrote

Business

MSI calls 2026 'most challenging year' as it raises prices up to 30%

MSI warned that 2026 will be its most challenging year and plans to raise prices on gaming hardware by 15 to 30 percent over nine months, the company’s general manager Huang Jinqing told investors. The increases are expected to hit lower-end, more affordable gaming products as MSI cuts back

Business

RBA’s controversial rate rise may not age well

The Reserve Bank’s decision to raise interest rates in the middle of a historic global energy shock is one of its most controversial in recent years. If the Middle East conflict lasts for months rather than weeks and drags the world and Australia down, Tuesday’s move to increase

Business

Shipping companies weigh in on IEEPA tariff refunds

If you bought goods from overseas in 2025 that required shipping, you may be owed an IEEPA tariff refund. The Supreme Court overturned the IEEPA tariffs and the Court of International Trade has ruled that all tariffs paid under IEEPA must be returned. Customs and Border Protection could begin rolling

Business

Founder says EV chargers are a key employee perk amid high gas costs

Packsize founder Hanko Kiessner began installing electric-vehicle chargers at his Salt Lake City headquarters after he developed asthma and linked it to local air pollution. He helped form a nonprofit, Leaders for Clean Air, to raise money for chargers and to encourage more people to consider EVs. The company started

Business

The Palantir guide to stopping World War III

Last July, four high-ranking tech executives with AI ties were sworn into the US Army Reserves as lieutenant colonels, joining a new unit called Detachment 201, the Executive Innovation Corps. Turning multimillionaire executives into officers has become a potent symbol of a new era in which venture capitalists and technologists

Business

Netflix boosted Mark Rober's product sales, co-CEO says

Netflix co-CEO Ted Sarandos said the streamer boosted YouTuber Mark Rober's product sales after his show arrived on the service. Sarandos said Rober saw "a big increase in his consumer product sales after this first week on Netflix, even though he reaches an enormous audience around the

Business

Zelenskyy: Russia earned $10 billion in two weeks of the Iran war

Ukrainian President Volodymyr Zelenskyy said on Sunday that Russia earned $10 billion in two weeks of the US‑Israeli war with Iran, roughly 10% of what Moscow has lost in the oil trade so far in 2026. He said Ukrainian intelligence showed global oil sanctions and Kyiv’s strikes on

Business

Goldman Sachs: Companies are hiring less but making better matches

Hiring has slowed sharply across many advanced economies, yet Goldman Sachs says firms may be getting better at picking the right people. The bank's economists point to a decline in short-term job separations — workers leaving or losing jobs soon after being hired — as evidence that employers and employees