Business

A collection of 1424 posts

Business

Tesla ends Autopilot, moves steering into FSD with $99/month option

Tesla has discontinued its Autopilot branding and is moving lane-keeping and steering into its Full Self-Driving (FSD) product, with the company shifting to a subscription-based payment model in response to recent regulatory pressure in California. California regulators told Tesla it had 60 days to resolve allegedly deceptive marketing or face

Business

Arkansas player claims $1.8 billion Powerball jackpot, takes $834.9M cash option

People reports an Arkansas lottery player has come forward to claim the more than $1.8 billion prize from the Dec. 24 Powerball drawing. The winner matched all five white balls and the red Powerball with the numbers 4, 25, 31, 52, 59 and red Powerball 19 and opted for

Business

Renaissance, Schonfeld and Engineers Gate hit by early 2026 quant losses

Businessinsider reports that quant hedge funds including Renaissance Technologies, Schonfeld, and Engineers Gate have recorded losses in the opening weeks of 2026. Goldman Sachs said the average quant fund started the year down about 1%. HSBC's Hedge Weekly reported Renaissance's two largest funds lost roughly 4%

Business

Arctic cold and snow squalls threaten U.S. power grids, managers warn

Managers of electric grids warned that arctic cold and snow squalls threatening much of the United States could lead to power outages in many places, potentially leaving millions in the dark. Grid managers instructed the country’s largest electricity providers to postpone routine maintenance on power plants and lines so

Business

Amazon plans a second round of corporate layoffs that could total nearly 30,000

Businessinsider reports Amazon plans to lay off thousands of corporate employees, with cuts expected to begin as soon as next week, according to people familiar with the matter. The reductions would be the company's second major wave of layoffs since October, when Amazon cut about 14,000 jobs;

Business

Thrifty kept $4,195 deposit after Sydney crash; Chase credits $2,000

A couple who rented a car from Thrifty in Sydney had the company retain their full $4,195 security deposit after a semi clipped a rear door, even though the damage was later assessed at $1,929 and the renters had relied on collision coverage from a Chase Sapphire Preferred

Business

QuickBooks Online named top pick in ZDNet's 2026 small‑business accounting review

ZDNet's expert testing of small‑business accounting platforms names QuickBooks Online the top pick for most small businesses in 2026. The review says QuickBooks strikes a balance between powerful features and user‑friendly design, offering inventory management, mobile apps and an app store with more than 750 third‑

Business

Avala Global posts strong 2025 returns while losing more staff

Businessinsider has learned that Divya Nettimi's $2 billion hedge fund Avala Global lost additional personnel even as it returned 22.1% in 2025, according to the firm's year-end letter to investors. Three investment analysts — Jordan Straff, Nadine Lin, and Michael Wang — left in the second half

Business

Ubisoft begins major reset with studio cuts, game delays and cancellations

Kotaku reports that Ubisoft announced on Thursday a company-wide reset that will bring a new creative structure, “rightsizing of the organization,” and further cuts, delays and cancellations to its game slate. The publisher said it will reorganize into themed “Creative Houses”—one (Vantage Studios) owning Assassin’s Creed, Far Cry

Business

Federal loan caps spotlight gap between two Ohio nursing programs

New federal limits on graduate student borrowing are highlighting a stark contrast between two Ohio nursing programs. Using data from the federal College Scorecard, Case Western Reserve’s median federal student loan debt for nursing master’s recipients in 2019 and 2020 was $124,668, while Kent State’s was

Business

2026 could be the year of the 'hectocorn' as several tech firms eye $100bn-plus IPOs

Several US and European technology companies are being linked with initial public offerings in 2026 that could value them at more than $100bn, a shift commentators have dubbed the year of the "hectocorn". OpenAI, Anthropic, SpaceX and Stripe are among the names said to be considering listings. Markets

Business

Alarm forces Unit 6 at Kashiwazaki-Kariwa offline hours after restart

Tokyo Electric Power Company took Unit 6 at the Kashiwazaki-Kariwa nuclear plant in Niigata Prefecture offline less than six hours after restarting it, after an alarm was triggered just after midnight on Thursday. TEPCO said the unit had been restarted at 7 p.m. on Wednesday and that the alarm

Business

Goldman raises end-2026 gold forecast to $5,400 an ounce

Businessinsider reports Goldman Sachs has raised its gold price forecast by 10%, now targeting $5,400 per troy ounce by the end of 2026, up from $4,900 per ounce in its previous outlook. The bank said the upgrade reflects a surge in private-sector demand, with investors buying through ETFs,

Business

Lululemon founder Chip Wilson blames board for 'Get Low' leggings recall

Businessinsider: Lululemon founder Chip Wilson criticized the company's recall of the sheer "Get Low" leggings, calling it a "new low" and saying the pullback was a result of the board's failures. Wilson wrote in a Wednesday LinkedIn post that the incident was

Business

Australian shares rise after Trump retreats on tariff threat over Greenland

Australian shares shot higher on Thursday, recouping part of recent losses after Donald Trump dropped a tariff threat used against European allies amid his pressure campaign to gain control of Greenland. The de-escalation fuelled a global rally that flowed into Australia, briefly pushing the benchmark S&P/ASX 200

Business

Europe's $8 trillion stake in US assets draws scrutiny after Greenland move

Businessinsider reports President Donald Trump's push to acquire Greenland is rattling markets and testing confidence in US assets, drawing attention to Europe's leverage in US capital markets. On Tuesday, Treasurys sold off and yields climbed to their highest level in more than four months, while the

Business

Unemployment falls to 4.1% in December, raising pressure on RBA to hike rates

Australia’s unemployment rate unexpectedly fell to 4.1% in December, down from 4.3%, after a bumper month of jobs growth, the Australian Bureau of Statistics said. The result may add to pressure on the Reserve Bank to raise interest rates. The ABS reported employed Australians increased by 65,

Business

Deloitte will rename US job titles and add a new 'leader' role

Businessinsider reports Deloitte is overhauling how it refers to its US workforce and introducing a new "leader" role, according to a presentation shared with employees. The firm will tell staff their new job titles on January 29, with the changes taking effect on June 1, 2026. The meeting

Business

Markets rally after Trump drops EU tariffs as Greenland and Fed risks persist

Beincrypto reports markets rallied after US President Donald Trump called off tariffs on European allies following his speech at the World Economic Forum in Davos. Bitcoin reclaimed $90,000 and US equities stabilized: the S&P 500 rose 1%, recovering part of a 2.1% decline from the day

Business

Travel prices in 2026 diverge: higher for luxury, softer for budget travelers

Travel prices in 2026 are diverging, with luxury travelers generally paying more while budget travelers may see lower or steady costs, economists say. Economists are citing a K-shaped economy to explain how tourism can be down even as some prices rise. Those with means are spending on premium airfares, specialty

Business

Trump abandons Greenland tariff plans as crypto and stocks rebound

Beincrypto reports US President Donald Trump said he would not proceed with tariffs linked to Greenland, easing trade-war fears and triggering a rebound in cryptocurrencies and US equities. Bitcoin climbed back toward $90,000 and Ethereum rebounded near $3,000 after earlier losses driven by renewed tariff rhetoric at the

Business

Job applicants sue Eightfold AI, saying its hiring scores should fall under FCRA

A group of job applicants filed a lawsuit in Contra Costa County Superior Court in California against Eightfold AI, arguing that the company’s A.I. screening tool should be treated like a consumer reporting agency under the Fair Credit Reporting Act and that applicants must be told what data

Business

Lindsay Kaplan joins Bullish to advise consumer startups on attention

Lindsay Kaplan, a former marketing executive and cofounder of Chief, is joining consumer-focused VC fund Bullish as a venture partner, Businessinsider reported. She plans to coach founders on building culture-driving brands and on how startups can "break through the noise." Kaplan stepped away from her role as chief

Business

Program updates and tools make travel rewards easier to earn and use

Program updates and new navigation tools are helping travelers negotiate the increasingly complicated universe of points, though consumers still need to be on their game to get the most out of loyalty programs, which can lose value over time and be hard to understand. In 2026, the American Airlines AAdvantage

Business

Travel in 2026: uncertainty, microvacations, biometrics and shifting prices

Travel in 2026 is being shaped by broad uncertainty that is altering plans from the Caribbean to the United States and beyond, as military risks, immigration restrictions and even concerns about American annexation of places like Greenland affect prospective visitors. Members of the United States Tour Operators Association ranked economic