Business

A collection of 1072 posts

Business

Ebay buys Depop for $1.2bn in effort to lure younger shoppers

eBay has agreed to buy the London-based secondhand fashion resale app Depop from Etsy for about $1.2bn in cash, as it seeks to attract younger, fashion‑loving consumers. The sale represents a $400m loss for Etsy, which bought Depop for $1.6bn less than five years ago. Depop is

Business

Posting jobs online is the fastest way to reach qualified candidates

Knowing where to post a job online is a challenge for thousands of US companies. Recruiters who begin by choosing the right hiring site can reach qualified candidates much faster; nearly 60% of job seekers say they found their current job online. Leading job platforms offer specialized services, broader networks,

Business

Some Reese’s Treats Drop the Milk Chocolate. Mr. Reese Disapproves.

Brad Reese, the inventor’s grandson, said he was upset after finding a bag of Valentine’s Day Reese’s Mini Hearts whose coating could not legally be called milk chocolate. He told LinkedIn he “had to actually throw it in the garbage,” adding, “That’s the first time in

Business

Highguard dev says broken website is 'low priority'

As Highguard approaches its one-month anniversary, the hero shooter’s future is harder than ever to discern. Despite dwindling player numbers and recent layoffs, the developers are still working on getting the multiplayer game’s next update out. There’s been relative radio silence from Wildlight Entertainment since mass layoffs

Business

Jittery Markets Seek an Iran ‘Off-Ramp’

The U.S. has been building up its military presence in the Middle East, and markets have grown uneasy as President Trump weighs possible strikes against Iran as soon as this weekend. Brent crude climbed above $71 a barrel on Thursday, a level it last reached in July, while S&

Business

Ashley Bekton plots all-female bid for Wasserman agency

Media executive Ashley Bekton is positioning herself as a contender to buy the Wasserman Agency, quietly assembling an all-women investor consortium to place a bid. The group was described as "serious capital" and said to include powerful female players in finance, entertainment and "sports ownership circles."

Business

PlayStation remained 'lead platform' for High on Life, says Squanch

Despite the original High on Life having a seven-month console exclusivity deal with Microsoft, sequel High on Life 2 launched last week across PC, PS5, and Xbox Series X|S simultaneously. It's available at no extra cost on Game Pass. Squanch Games CEO Mike Fridley says Sony hardware

Business

Pokémon TCG resale prices balloon as Ascended Heroes drives record highs

Ascended Heroes has arrived awkwardly: only the triple-pack sticker collection reached shelves after the set’s official January 30 release, and the next wave of products — including the Elite Trainer Box — is due February 20. Early copies of the ETB and some collectors boxes arrived in reviewers’ hands, revealing the

Business

U.S. Imports Grew in 2025, as Trump’s Tariffs Took Effect

U.S. imports rose in 2025 even as steep tariffs imposed by President Trump scrambled trade patterns but did not halt cross-border flows. Companies rushed to stockpile goods ahead of levies and then paused imports, and investors bought and sold foreign gold as a hedge against volatility. High tariffs dampened

Business

Goldman Sachs CEO backs strict US crypto rulebook

Goldman Sachs CEO David Solomon called for the United States to establish a clearly defined, rules-based framework governing crypto market operations during remarks at the World Liberty Forum in Mar-a-Lago on Wednesday. Speaking in an interview with CNBC, Solomon said lawmakers should take a long-term view when shaping crypto legislation.

Business

Kalshi’s Market Forecasts Match Fed Economists Amid Regulatory Fight

Prediction markets are gaining credibility and controversy. A recent Federal Reserve study found Kalshi’s implied forecasts for the federal funds target rate produced an average absolute error over roughly a 150-day horizon, comparable to the New York Fed’s Survey of Professional Forecasters. In short, crowd bets looking three

Business

Oil prices rise as sanctioned crude piles up at sea

Oil futures climbed this week as traders weighed the risk of supply disruptions amid tensions between the US and Iran and uncertainty over the war in Ukraine after talks in Geneva ended without a breakthrough. On Wednesday prices ended more than 4% higher; early Thursday US West Texas Intermediate traded

Business

Botswana’s ‘Corn Lady’ Builds a Culinary Business

After earning an honors degree a decade ago, Tshephiso Marumo began selling ears of corn door-to-door and was derisively nicknamed Mmammidi, or Corn Lady. She reclaimed the name, turned it into a brand and opened two roadside food stalls in Gaborone that serve traditional village dishes and have attracted politicians,

Business

Valve wins lawsuit against Rothschild and associated entities

The district court of the Western District of Washington favoured Valve Corporation in its 2023 lawsuit against Leigh Rothschild and his associated companies on all counts, including breach of contract and the violation of Washington's Patent Troll Prevention and Consumer Protection Acts. Rothschild is an inventor with a

Business

What Palantir's move to Florida suggests about the company

Palantir said Tuesday that it has relocated its headquarters from Colorado to an address just outside Miami. The software company — which draws much of its revenue from defense contracts — issued a one-sentence statement and did not explain the change or its impact on employees. Observers see politics and image in

Business

Fed minutes reveal hawkish shift as bitcoin falls to $66K

The Federal Reserve’s January meeting minutes showed a noticeably hawkish shift, with several officials raising the possibility of rate hikes if inflation stays above target. The FOMC voted 10-2 at the Jan. 27-28 meeting to hold the federal funds rate at 3.5%–3.75%, while Governors Christopher Waller

Business

DoorDash CEO says company has edge over Amazon in grocery delivery

DoorDash CEO Tony Xu said the company has a key advantage over Amazon in grocery delivery: choice. Amazon is doubling down on grocery delivery, especially perishables like produce and ice cream, and is expanding same- and next-day grocery delivery to more parts of the US this year. Xu noted Amazon

Business

Edison to Cut Executive Bonuses Over Eaton Fire

Southern California Edison said a half-dozen senior executives at the utility and its parent will lose an estimated $2 million in bonuses because of the Eaton fire near Los Angeles. The company previously said its electrical equipment most likely caused the blaze that killed 19 people and destroyed more than

Business

Cooperman raises Manchester United stake but full takeover unlikely

American billionaire Leon Cooperman has increased his holding in Manchester United to 2.9 million shares, having bought stock from a British investment firm. He first invested around the time Sir Jim Ratcliffe was planning his takeover and is not thought to be mounting a takeover bid of his own.

Business

Sony weighs PS5 price increases as hardware sales slow

Sony's early February earnings call suggests the company plans to extract more revenue from its installed PS5 base as hardware sales slow and the PS6 keeps getting pushed back. CFO Tao Lin noted new PS5 unit sales are declining while monthly active users ticked up in December 2025,

Business

Weeks-long war with Iran could start within days; gold, silver and oil surge

Global markets are reacting sharply to rising tensions in the Middle East, with safe-haven assets climbing as risk appetite wanes. Gold, silver and oil have advanced while Bitcoin has slipped as traders rotate out of risk-sensitive assets. Intelligence and media coverage point to a substantial U.S. and Israeli military

Business

Fed Minutes Show No Rush to Restart Rate Cuts

Minutes from the Federal Reserve's January meeting show officials signaled no rush to restart interest-rate cuts after pausing reductions last month. Several policymakers even raised the possibility of rate increases if inflation remained stubbornly high. The record highlighted sharp divisions at the Fed. Some officials said there was

Business

Pokémon hotel partners with clothing-rental service for travelers

Earlier this year, the Japanese hotel chain Mimaru announced the renovation and expansion of its Pokémon Rooms. The apartment-like rooms are decorated with an abundance of Pokémon on walls, ceilings and furniture; Poké Ball-themed comforters, plates and mugs sit alongside a giant plushie Snorlax on the bed. On Wednesday, Mimaru

Business

Wealthy Americans lead surge in New Zealand 'golden visa' applications

New rules for the Active Investor Plus visa, which took effect in April 2025, lowered investment thresholds, removed an English-language requirement and cut the residency period from three years to three weeks. The scheme has attracted 573 applications representing 1,833 people, up from 116 applications in the previous two-and-a-half

Business

MicroStrategy's Latest Bitcoin Buy Lowers Average by $25; MSTR Faces Downside Risk

The MicroStrategy stock began the post-President’s Day session weak, closing nearly 4% lower compared with its Feb. 13 close despite the company adding more Bitcoin and lowering its average purchase cost. Charts suggest that this small improvement has not eased a larger downside risk forming beneath the surface. MicroStrategy