Business - Febspot (Page 8)

Business

A collection of 1072 posts

Amid Fallout From Epstein Files, Dubai’s DP World Boss Is Replaced — NYT > World > Middle East

Amid Fallout From Epstein Files, Dubai’s DP World Boss Is Replaced

The head of Dubai-based DP World resigned on Friday after he was named this week in a trove of files related to Jeffrey Epstein that were released by the Justice Department. DP World said it had appointed a new group chairman and a new chief executive to replace positions held

Logan Paul’s $16.49M Pikachu card sale raises questions about PSA 10 — Polygon

Logan Paul’s $16.49M Pikachu card sale raises questions about PSA 10

When the Goldin auction closed on Feb. 16 at $16.49 million, the PSA 10 Pokémon Pikachu Illustrator card became one of the most valuable trading cards ever sold. Within hours, social media lit up with renewed questions about whether the card truly deserved a PSA 10 grade and about

The Hidden Number Driving U.S. Job Growth — NYT > Business > Economy

The Hidden Number Driving U.S. Job Growth

After a year that added just 181,000 new jobs, January’s increase of 131,000 in the U.S. workforce was unexpectedly positive. The contrast between the modest annual total and the January rise offers a different view of recent labor market trends. Ben Casselman, chief economic correspondent, explains

Tom Pritzker Steps Down as Hyatt Executive Chairman Over Epstein Links — NYT > U.S. > Politics

Tom Pritzker Steps Down as Hyatt Executive Chairman Over Epstein Links

Thomas J. Pritzker, 75, a billionaire heir to the Hyatt Hotels fortune, retired Monday as executive chairman of the Hyatt Hotels Corporation, effective immediately. In a letter to the company’s board he said he had “exercised terrible judgment in maintaining contact” with Jeffrey Epstein and Ghislaine Maxwell, adding that

MicroStrategy Stock Signals 10% Risk as Bitcoin Correlation Strengthens — Beincrypto

MicroStrategy Stock Signals 10% Risk as Bitcoin Correlation Strengthens

MicroStrategy stock closed around $133 on February 13 after an 8.85% one-day rise and a weekly gain near 5%, while Bitcoin fell about 2.2% over the same period, producing an unusual gap between the two. The seven-day rolling correlation has surged to 0.98, bringing the two assets

Bloomingdale's hiring Saks and Bergdorf staff amid bankruptcy — Pagesix

Bloomingdale's hiring Saks and Bergdorf staff amid bankruptcy

Bloomingdale’s appears to be scooping up staff from Saks Fifth Avenue and Bergdorf Goodman as its rival faces financial strain. "They’re making huge offers to people from Saks, and people are quitting [Saks] left and right," a fashion insider said. Saks Global filed for Chapter 11

Anchor Point parts ways with NetEase, says team 'remains motivated' — Pcgamer

Anchor Point parts ways with NetEase, says team 'remains motivated'

Action-adventure studio Anchor Point has announced it will leave NetEase and operate as an independent studio, CEO Paul Ehreth said on LinkedIn. Ehreth previously served as lead designer on Remedy's Control. Founded in 2023 to develop action-adventure games for console and PC under NetEase, Anchor Point’s departure

Tesla ends one-time Full Self-Driving purchases — Businessinsider

Tesla ends one-time Full Self-Driving purchases

Tesla removed the option to buy Full Self-Driving with a one-time fee over the weekend. Owners who once could pay a flat $8,000 for lifetime access must now subscribe to the feature at $99 per month. Elon Musk announced the change in January and said it would take effect

It sounds like Switch 2 might get more expensive soon — Polygon

It sounds like Switch 2 might get more expensive soon

Last week Nintendo president Shuntaro Furukawa told shareholders the company had no current plans to raise the price of the $449.99 Switch 2, but this week the company is said to be weighing not just whether but when to enact a price hike. In a Q&A investor

Warner Bros. Weighing Paramount Offer While Netflix Deal Remains Binding — Movieweb

Warner Bros. Weighing Paramount Offer While Netflix Deal Remains Binding

The sale of Warner Bros. has taken an unexpected turn as Paramount presses its bid despite an existing agreement with Netflix. Bloomberg has reported that Warner Bros. is weighing whether to reopen talks with Paramount after the studio submitted an amended offer. That revised proposal would reportedly cover the nearly

Venezuelans Abroad Drive Housing Price Rises After Maduro's Capture — NYT > World > Americas

Venezuelans Abroad Drive Housing Price Rises After Maduro's Capture

The capture of President Nicolás Maduro has prompted growing interest in buying property in Venezuela, especially among expatriates weighing a return or an investment. Carlos Peñalver, an electrician who left for the United States four years ago, bought a three‑bedroom apartment in Puerto Ordaz and said, “I was lucky,

How a Trump Tax Break Rescued Horse Racing — NYT > Business

How a Trump Tax Break Rescued Horse Racing

Horse racing, long buffeted by concerns over animal safety, scandals and competition from online gambling, is seeing a revival. Owners spent nearly $1.5 billion on racehorses in North America last year, a nearly 21 percent increase from 2024, and the Keeneland September Yearling Sale set a global record with

JPMorgan backs quality stocks as a safe haven amid AI volatility — Businessinsider

JPMorgan backs quality stocks as a safe haven amid AI volatility

JPMorgan Asset Management recommends investors seeking safety as AI reshapes industries consider the "quality" factor. Quality stocks are firms with strong, consistent cash flow and earnings, seasoned management teams, and clear competitive advantages. Despite those traits, quality has lagged the broader market recently and is described by JPMorgan

Billionaires Gamble the Economy on the Moon — Kotaku

Billionaires Gamble the Economy on the Moon

Deutsche Bank said they are fixing their attention to the "moon economy." Its focus is on Intuitive Machines, a Houston-based company developing tech for lunar exploration, and Deutsche Bank analyst Edison Yu says the moon economy "may have just gone through a key inflection point." Through

Terra Industries raises $22M extension led by Lux Capital — TechCrunch

Terra Industries raises $22M extension led by Lux Capital

One month after an $11.75 million round led by Joe Lonsdale’s 8VC, African defensetech Terra Industries said it has raised an additional $22 million led by Lux Capital. Nathan Nwachuku, 22, and Maxwell Maduka, 24, launched Terra Industries in 2024 to design infrastructure and autonomous systems to help

Capcom Cuts Street Fighter 6 Capcom Cup Pay-Per-View Price From $50 to $10 — Kotaku

Capcom Cuts Street Fighter 6 Capcom Cup Pay-Per-View Price From $50 to $10

Capcom has reduced the pay-per-view price for the Capcom Cup finals livestream after criticism last year from fans and esports pros. The multi-day viewing bundle, originally priced at $50, is now on sale for $10. Tetsuya Tabuchi, head of Capcom’s esports division, said initial pricing was set "based

Warner Bros. Weighs Reopening Talks With Paramount — NYT > Business

Warner Bros. Weighs Reopening Talks With Paramount

Warner Bros. Discovery is weighing whether to reopen deal talks with Paramount after the studio submitted a new, improved offer last week, two people familiar with the matter who were not authorized to speak publicly said. In December, Warner Bros. Discovery agreed to sell its streaming and studios business to

Logan Paul’s Pikachu Illustrator Pokémon card sells for $16.49 million — Polygon

Logan Paul’s Pikachu Illustrator Pokémon card sells for $16.49 million

Logan Paul’s one-of-one PSA 10 Pikachu Illustrator card sold for $16,492,000 at Goldin Auctions, closing early Monday morning after 41 days of bidding. The final hammer price was $13.3 million plus a 24% buyer’s premium. That final price is more than triple what Paul paid

Amtrak’s Airo Trains Begin Rolling Out From Sacramento Factory — NYT > Travel

Amtrak’s Airo Trains Begin Rolling Out From Sacramento Factory

In the outer, car‑centric reaches of Sacramento, the 60‑acre, 2,500‑employee Siemens Mobility plant is assembling Airo, Amtrak’s newest fleet, piece by piece. Airo trains will debut this summer on the Cascades route in the Pacific Northwest, with more than a dozen East Coast routes beginning

Casey Wasserman to Sell Agency After Epstein Files Reveal Emails — NYT > Arts > Music

Casey Wasserman to Sell Agency After Epstein Files Reveal Emails

Casey Wasserman, the Los Angeles entertainment executive who chairs the 2028 Olympic organizing committee, has begun the process of selling the talent agency he founded more than two decades ago. The move followed the publication of emails between Mr. Wasserman and Ghislaine Maxwell that surfaced in the latest tranche of

Venezuela’s Natural Gas Could Be a Faster Prize — NYT > Business > Energy & Environment

Venezuela’s Natural Gas Could Be a Faster Prize

Venezuela’s oil reserves are vast, but some of the quickest opportunities to develop the country’s resources lie offshore, in pockets of natural gas beneath the seafloor along the eastern coast near Trinidad and Tobago. Many of those fields were discovered decades ago but went largely untouched as Caracas

Diplomatic Feud With China Weighs on Japan’s Economy — NYT > Business

Diplomatic Feud With China Weighs on Japan’s Economy

A diplomatic dispute over Taiwan has led to a steep drop in Chinese visitors to Japan, a country heavily reliant on their spending. The pullback followed November remarks by Prime Minister Sanae Takaichi suggesting Japan would come to Taiwan’s defense in the event of a Chinese invasion. Arrivals from

Inside Stern’s $7,000 Pokémon Pinball Machine — Kotaku

Inside Stern’s $7,000 Pokémon Pinball Machine

Stern Pinball released a trailer on February 13 unveiling its Pokémon-themed pinball table. The machine includes a large HD screen that plays clips from the anime and an interactive playfield featuring a moving Pikachu and a Meowth balloon. Players can capture Pokémon while playing, and if they log into a

Strategy can cover $6B debt at $8,000 BTC, but risks grow below — Beincrypto

Strategy can cover $6B debt at $8,000 BTC, but risks grow below

Strategy (MicroStrategy) says it can fully cover its $6 billion debt if Bitcoin falls about 88–90% to $8,000, citing $49.3 billion in Bitcoin reserves (valued at $69,000/BTC) and staggered convertible note maturities running through 2032 to avoid immediate liquidation. At an $8,000 BTC price

Exchanges tighten rules as Chinese retail traders drive metals futures rally — Beincrypto

Exchanges tighten rules as Chinese retail traders drive metals futures rally

Chinese retail traders have driven a sharp surge in futures trading across aluminium, copper, nickel and tin, making industrial metals one of the country's most crowded trades. Combined futures volumes on the Shanghai Futures Exchange jumped month‑over‑month, reaching 78 million lots in January 2026, with nickel