Business

A collection of 1072 posts

Business

Highguard's funding reportedly came from Tencent

Anonymous sources who spoke to GameFile journalist Stephen Totilo identified Tencent as the largest financial backer of Highguard, the raid shooter from Wildlight Entertainment. Wildlight has long described the game as "fully funded" but did not disclose that a majority of that funding reportedly came from Tencent, the

Business

Why the 'SaaSpocalypse' Matters for Crypto

“SaaSpocalypse” has become a common label for a sudden loss of confidence in software-as-a-service companies after advanced AI agents began automating tasks once handled by enterprise software. The term gained traction after Anthropic released Claude Cowork in late January, an event that coincided with nearly $300 billion being wiped from

Business

General Mills leads food stock slide on consumer weakness fears

Packaged food stocks fell after General Mills lowered its sales and profit outlook, saying the slump is deeper than previously expected. The Cheerios maker's shares dropped 8%, and other food companies moved lower: Campbell's fell 7%, ConAgra nearly 6%, and Kraft‑Heinz roughly 5%. McCormick &

Business

Why Is the US Stock Market Down Today?

The US stock market opened lower on February 17, 2026, the first session after Presidents’ Day, with the S&P 500 trading around 6,840, down about 0.65% from Friday’s high but up roughly 0.58% since today’s open, suggesting buyers stepped in later. Volatility remained

Business

Property Brothers Say Laminate Countertops Hurt Resale Value

After renovating hundreds of kitchens, Jonathan and Drew Scott say the kitchen is the key to the home and not a room to cut corners. Laminate countertops may save money up front but can create long-term resale drawbacks. Laminate, the twins warn, can make a kitchen look instantly dated and

Business

Collision on my 39th birthday pushed me to start my own company

Christina Jones had built a fast-paced career and felt constant pressure to prove her worth. While driving to a restaurant to celebrate her 39th birthday on January 18, 2025, with her husband, Jason, and two friends, her car collided with a tractor-trailer. They were traveling at a low speed and

Business

NBCUniversal sues Group Black over alleged $35.8 million unpaid invoices

Comcast's NBCUniversal has sued Group Black, alleging the ad firm owes $35.8 million in unpaid invoices and guaranteed payments. The suit, filed February 11 in New York Supreme Court, stems from a partnership that gave Group Black exclusive rights to sell ads in Black-led shows on NBCU&

Business

JPMorgan lists 18 'mispriced' tech stocks to buy after AI sell-off

Fears that AI could replace dominant players sparked a broad sell-off across the tech sector, leaving some stocks that JPMorgan now calls "mispriced." JPMorgan surveyed its top equity research analysts to find companies punished by the market's AI replacement narrative but insulated from actual disruption. Analysts

Business

Warner Bros. Discovery Restarts Deal Talks With Paramount

Warner Bros. Discovery said Tuesday it would restart the deal talks with Paramount Skydance that it had ended in December, giving Paramount until Feb. 23 to present its best and final offer. The company had rejected Paramount’s proposal to buy the entire business for $108 billion in favor of

Business

Epstein’s Academic Ties Reveal Vulnerabilities in College Fund-Raising

America’s colleges and universities are chronically searching for money, and that need drew academic leaders and researchers into Jeffrey Epstein’s orbit. Schools lent him prestige; he offered money or the prospect of it, engaging with people at Harvard, M.I.T., Stanford, Bard and Columbia. Many of those

Business

Logan Paul Sells Illustrator Pikachu for $16.49 Million

Logan Paul sold his one-of-a-kind PSA 10 Illustrator Pikachu at auction for $16,492,000. The card was auctioned by Goldin alongside Paul’s PSA 10 1999 Charizard, a matching Blastoise, and a factory-sealed Base Set 1st Edition box. The Illustrator Pikachu was created in 1997 as part of an

Business

Take the money, money, money quiz for 2026

Are you a financial whiz or is your head stuck firmly in the sand? Our quiz will help you discover your money mindset and pinpoint why it matters. Who hasn’t started a new year determined to get on top of their finances? Well, 2026 could be the year you

Business

Raising Cane’s CEO Todd Graves returns to LA with $22B and new Bird Streets home

Todd Graves, founder and CEO of Raising Cane’s, has returned to Los Angeles with a high-profile new base in the Bird Streets. Graves started the chicken-finger chain in Baton Rouge at age 22, is now worth $22 billion, and quietly bought a $23 million mansion in cash next door

Business

Canada CPI Release Today: What to Expect

Statistics Canada will publish January’s Consumer Price Index on Tuesday, giving the Bank of Canada a fresh read on price pressures ahead of its March 18 meeting, where policymakers are widely expected to keep rates at 2.25%. Economists expect headline CPI to rise 2.4% year‑on‑year

Business

Paramount’s New Chance to Win Over Warner Bros. Discovery

Warner Bros. Discovery said it would restart merger talks with Paramount, giving the rival studio roughly a week to make its case to abandon its deal with Netflix. The studio is not definitively switching sides. Its agreement with Netflix allows talks with a rival bidder if that is likely to

Business

Ashes of Creation hit by cancellation, resignations and legal claims

Ashes of Creation, a Kickstarter MMO that raised $3.2 million in 2017, has imploded after the project was cancelled and its development team was laid off. The situation has been described as a hotbed of corporate drama and potential embezzling. In late January of 2026 creative director Steven Sharif

Business

Gold and Silver Lose $1.28 Trillion as Lunar New Year Liquidity Hits Markets

Gold and silver have entered a sharp correction, slipping for a second straight session and hitting commodity ETFs by as much as 4%. The sudden downturn erased an estimated $1.28 trillion in combined market value, underlining how even traditional safe havens can be vulnerable to swift macro and liquidity

Business

Warner Bros. Discovery gives the Ellisons another chance

Warner Bros. Discovery will let Larry and David Ellison make another bid for the company over the next week, provided their offer exceeds $31 per share. WBD said this will be the last time the Ellisons can formally pitch the board. Netflix won the bidding in December for most of

Business

Steak 'n Shake says Bitcoin push sent sales dramatically higher

Steak ‘n Shake said its same‑store sales have “risen dramatically” since it launched a burger‑to‑Bitcoin strategy in May 2025 that routes every Bitcoin payment into a corporate treasury reserve. The chain did not provide figures or define what it meant by “risen dramatically.” The company began accepting

Business

Stanley 1913 expands into wellness with Vitalize tote, backpack, shaker

Stanley 1913 is launching a Vitalize collection aimed at wellness-focused consumers, rolling out a tote, a backpack, and a shaker bottle on February 17. The line is designed for people who want to bring their Stanley cup to the gym, studio, or wherever they’re on the move. The bags

Business

Why I spent my severance on a startup instead of an MBA

Sam Perry long viewed an MBA as a shortcut to senior corporate roles, but after being laid off in 2022 in his late 30s he chose a different path. Rather than spend his mid-five-figure severance on expensive degrees that might not guarantee a job, he decided to back a side

Business

China aims for a bumper Lunar New Year to boost domestic spending

Chinese officials hope this year’s extra-long lunar new year holiday will lift the economy as boosting domestic spending becomes a key priority. The government expects a record 9.5 billion passenger trips across the 40-day spring festival period, up from 9 billion last year, with hundreds of millions of

Business

Casey Wasserman's 'drastic move' has insiders questioning company's sale

Thursday night in Beverly Hills, Casey Wasserman hosted an exclusive NBA All‑Star weekend party for about 300 guests, including Comcast CEO Brian Roberts, ESPN chair James Pitaro, LA Clippers owner Steve Ballmer and Netflix’s Bela Bajaria. Twenty‑four hours later he was selling his company. Some pundits thought

Business

After a Year of Sluggish Hiring, 2026 Is Off to a Stronger Start

The U.S. economy began 2026 with stronger job growth: the Labor Department's delayed release showed employers added 130,000 jobs in January and the unemployment rate fell to 4.3 percent from 4.4 percent. The data release was postponed by a short government shutdown. That single

Business

Why Are Traders Betting on $20,000 Gold Price After a Historic Crash?

Traders have piled into deep out-of-the-money gold options even after a dramatic selloff: roughly 11,000 December $15,000/$20,000 call spreads have been accumulated. The gold price plunged in one of the sharpest one-day declines in decades after briefly topping $5,600 per ounce and is now consolidating