Business - Febspot (Page 4)

Business

A collection of 1072 posts

Why Is The US Stock Market Up Today? — Beincrypto

Why Is The US Stock Market Up Today?

The US stock market staged a mid-session recovery after the Supreme Court struck down President Trump's emergency tariffs in a 6-3 ruling, a decision that removed a major inflationary and supply-chain overhang and could trigger more than $150 billion in refunds. The S&P 500 traded around

Nexon names Embark CEO Patrick Söderlund executive chairman — Pcgamer

Nexon names Embark CEO Patrick Söderlund executive chairman

Arc Raiders has become one of the biggest releases of 2025, and Nexon has promoted Embark Studios founder and CEO Patrick Söderlund to executive chairman. The new role gives him "broad authority over the company’s long-term strategy, creative direction, and how Nexon develops games globally." Söderlund will

Gaming's console war has become an attention war with gambling, porn and memes — Kotaku

Gaming's console war has become an attention war with gambling, porn and memes

The console market has plateaued, and PC gaming is bigger than ever but not exploding. Venture capitalist and analyst Matthew Ball’s annual report uses a 2026 slideshow full of graphs to sketch a stalled industry where any growth is largely driven by players in China and on Roblox. User-generated

Tesla slashes Cybertruck prices as it tries to move (unpainted) metal — Cars - Ars Technica

Tesla slashes Cybertruck prices as it tries to move (unpainted) metal

Tesla cut Cybertruck prices last night, including a $15,000 reduction for the tri-motor “Cyberbeast,” which now starts at $99,990 after the removal of previously included items such as supercharging and FSD. The company also introduced a new $59,990 entry-level dual-motor model with a 325-mile (523 km) range

Tennessee Judge Blocks State Crackdown on Kalshi Markets — Cointelegraph.com News

Tennessee Judge Blocks State Crackdown on Kalshi Markets

A US federal judge in Tennessee has temporarily barred the state from enforcing its gambling laws against Kalshi’s sports event contracts. Judge Aleta Trauger of the US District Court for the Middle District of Tennessee issued the injunction, allowing Kalshi to continue offering sports-related event contracts to users in

Sony to Close Bluepoint Games in March — Kotaku

Sony to Close Bluepoint Games in March

Bluepoint Games, the PlayStation studio behind remakes such as Demon’s Souls and Shadow of the Colossus, will close in March. The move comes five years after the studio released its last project, a PlayStation 5 launch exclusive, and after serving as a support studio on 2022’s God of

Street Fighter II Producer Spent $500,000 on His Own Gacha Games — Kotaku

Street Fighter II Producer Spent $500,000 on His Own Gacha Games

Making games requires testing them. For microtransaction-fueled gacha games, that means putting your own money on the line to sample the merchandise. That’s apparently what led Street Fighter 2 producer Yoshiki Okamoto to spend over $500,000 of his own money on his own game’s loot boxes. Monster

U.S. Economy Grew Modestly at End of 2025 — NYT > Business > Economy

U.S. Economy Grew Modestly at End of 2025

The U.S. economy slowed at the end of 2025, with inflation-adjusted gross domestic product expanding at a 1.4 percent annual rate in the final quarter, down from a 4.4 percent pace in the third quarter, the Commerce Department said. For the year as a whole, measured from

Sony’s PS5-era studio acquisition spree has faltered — Kotaku

Sony’s PS5-era studio acquisition spree has faltered

In 2019 PlayStation bought Insomniac Games, ending nearly a decade without studio acquisitions, and then added ten more studios over the next four years. As of February 2026 that strategy has not paid off: the company’s pivot to live-service faltered and Bluepoint Games was shut down. Bluepoint, known for

Asos co-founder dies after fall from apartment in Thailand — World news | The Guardian

Asos co-founder dies after fall from apartment in Thailand

Quentin Griffiths, the co-founder of online fashion retailer Asos, has died after falling from an apartment building in the Thai seaside resort city of Pattaya. He was 58 and fell from the 17th floor of an 18-floor condominium on 9 February. Police said initial investigations suggested suicide and found no

Two memory magnates gain $14 billion as AI fuels memory boom — Businessinsider

Two memory magnates gain $14 billion as AI fuels memory boom

Two entrepreneurs, David Sun and John Tu, have seen their fortunes surge as AI-driven demand has tightened the market for memory chips. The cofounders and equal owners of Kingston Technology have each gained about 44% in net worth — nearly $14 billion — so far this year. Sun serves as the company&

Cadence of Hyrule was a blueprint for future collaborations — Polygon

Cadence of Hyrule was a blueprint for future collaborations

Early in its history, Nintendo was surprisingly hands-off with its characters: in the 1980s it let Mario appear in a Checkers game and even allowed musicians to create a Donkey Kong record that added lore. That tight control has loosened in recent years, with the company clearing projects such as

Sony to Close Bluepoint Games, Citing 'Increasingly Challenging Industry Environment' — Kotaku

Sony to Close Bluepoint Games, Citing 'Increasingly Challenging Industry Environment'

Sony will close Bluepoint Games in March, five years after acquiring the studio. Hermen Hulst said the decision reflects an "increasingly challenging industry environment," pointing to rising development costs, slowed industry growth, changing player behavior, and broader economic headwinds. He thanked Bluepoint for its "creativity, craftmanship, and

Ali Partovi’s Neo launches low-dilution accelerator Neo Residency — TechCrunch

Ali Partovi’s Neo launches low-dilution accelerator Neo Residency

Ali Partovi’s venture firm Neo has introduced Neo Residency, a new accelerator designed to offer mentorship and community without the heavy equity hit founders often face. For a cohort of 12 to 15 startups this summer, Neo will invest $750,000 via an uncapped SAFE and won’t take

Blue Owl Halts Redemptions at Retail Fund, Raising Private Credit Concerns — Beincrypto

Blue Owl Halts Redemptions at Retail Fund, Raising Private Credit Concerns

Private capital firm Blue Owl Capital, which manages more than $307 billion, has permanently stopped investor redemptions at a retail private debt vehicle and will instead pay out cash through periodic distributions tied to asset sales. The firm says quarterly redemptions for Blue Owl Capital Corp II (OBDC II) are

Why the United States Is Seeing an Ongoing Tourism Slump — NYT > Business

Why the United States Is Seeing an Ongoing Tourism Slump

Last year, as tourism grew worldwide, the United States was the only major destination to see a decline in foreign visitors, recording a 6 percent drop. January saw a continued decline in inbound visitors, down 4.8 percent from January 2025; “When 11 million international visitors aren’t showing up,

CZ Returns to Mar-a-Lago as Binance Controls Majority of USD1 — Beincrypto

CZ Returns to Mar-a-Lago as Binance Controls Majority of USD1

Changpeng Zhao (CZ), the Binance founder pardoned by the president in October 2025, returned to the US for the first time since leaving federal prison in 2024 to attend the World Liberty Financial summit at Mar-a-Lago. He pleaded guilty in 2023 to anti‑money‑laundering violations, served a four‑month

Bitdeer Stock Drops 17% on $300M Convertible Note Sale — Cointelegraph.com News

Bitdeer Stock Drops 17% on $300M Convertible Note Sale

Shares in Bitdeer Technologies Group fell sharply after the company announced a $300 million convertible senior note offering, with an option for purchasers to buy an additional $45 million in a private placement. This is Bitdeer’s second convertible offering, following a $150 million deal in April 2024 that also

Trump and Indonesia Sign Trade Deal Locking in 19% Tariffs — NYT > Business

Trump and Indonesia Sign Trade Deal Locking in 19% Tariffs

The United States and Indonesia signed a trade deal that establishes zero tariffs on virtually all U.S. exports to Indonesia and a 19 percent tariff on Indonesian goods. The agreement formalizes terms reached last July and makes Indonesia the third Southeast Asian country to lock in lower tariffs after

Central banks paused buying as gold rallied, but a comeback looms — Businessinsider

Central banks paused buying as gold rallied, but a comeback looms

Gold's blistering rally — which pushed the metal above $5,500 an ounce before a sharp correction — has temporarily sidelined one of its biggest buyer groups: central banks. Reserve managers remain structurally bullish but have been delaying purchases until price swings calm. Goldman Sachs points to elevated volatility driven

Bluepoint Games to close in March after Sony business review — Pcgamer

Bluepoint Games to close in March after Sony business review

Sony has confirmed that Bluepoint Games, the studio behind remasters such as Shadow of the Colossus and Demon's Souls, will be closed in March. The shutdown will reportedly result in roughly 70 people being put out of work. “Following a recent business review, the decision was made to

Tesla unveils cheaper Cybertruck starting at $59,990 — Businessinsider

Tesla unveils cheaper Cybertruck starting at $59,990

Tesla is offering a lower-priced Cybertruck that it calls its "most affordable Cybertruck yet," with a starting price of $59,990. The company lists the new model as a Dual Motor AWD with an estimated 325 miles of range, a powered tonneau cover, and bed outlets (2x 120V

Nvidia Trims OpenAI Deal to $30 Billion, Keeps GPU Demand Intact — Beincrypto

Nvidia Trims OpenAI Deal to $30 Billion, Keeps GPU Demand Intact

Nvidia is finalizing a $30 billion investment in OpenAI, replacing an earlier plan for a $100 billion multi-year partnership. The move would be part of OpenAI’s latest funding round, which could value the company at roughly $830 billion, and much of the capital is expected to be reinvested into

Blue Owl Capital Sets Off New Fears About the Private Credit Industry — NYT > Business

Blue Owl Capital Sets Off New Fears About the Private Credit Industry

Shares of Blue Owl Capital plunged after the company said it would change how investors can withdraw money from one of its funds, stoking fresh concerns about the private credit industry. The stock ended down 6 percent after falling as much as 10 percent earlier in the day, and other

'Tremendous' Opportunity Brings Russia Back Into U.S. Energy Talks — NYT > World > Europe

'Tremendous' Opportunity Brings Russia Back Into U.S. Energy Talks

Since President Trump took office more than a year ago he has described a “tremendous opportunity” for deals with Russia if the war ends, and the Kremlin has been dangling possible investments. Now a Texas investor, Gentry Beach, says he quietly signed an agreement last fall with one of Russia’