Business

A collection of 1072 posts

Business

Den of Wolves Studio Announces Major Layoffs Ahead of Release

10 Chambers, the studio behind GTFO and the unreleased cyberpunk heist shooter Den of Wolves, has carried out significant layoffs. The cuts surfaced on February 13 after individual developers posted about their departures on LinkedIn, with one affected employee writing, “This wasn’t on my 2026 bingo card, but here

Business

Shivering Americans Snap Up Firewood as Winter Grinds On

Weeks of freezing temperatures and a run of winter storms across parts of the United States have driven up demand for firewood and manufactured fire logs. In Nashville, Bradley Hite said deliveries were booked up to two weeks out; in New York, Richard Heby’s business set sales records and

Business

Will 2026 Be the Year of the ‘Soonicorn’?

Once coined by Aileen Lee in 2013 for private start-ups worth more than $1 billion, the “unicorn” label has expanded to include decacorns and hectocorns — and a newer term: soonicorns. Firms valued at $500 million to $999 million post‑money now fall into that category, and Stanford finance professor Ilya

Business

Saudi Arabia eyes Moonton in fresh gaming acquisition

Saudi Arabia is pursuing another large purchase in the games industry, targeting ByteDance’s Moonton for as much as $7 billion. Its leveraged bid to take Electronic Arts private has not closed, yet broad terms for the Moonton transaction are reportedly agreed and an announcement could come as early as

Business

The billionaires named in the Epstein files

Jeffrey Epstein shared emails, flights, and meals with some of the richest people on the planet. Here's how these billionaires made their money and how they were connected to Epstein. Read more below: A list of people facing consequences over the DOJ's release: https://bit.ly/

Business

Morgan Stanley Seeks Crypto Talent to Build DeFi and Tokenization Infrastructure

Morgan Stanley is escalating its digital asset strategy by recruiting a lead engineer to develop decentralized finance and real-world asset tokenization infrastructure. The role aims to integrate public networks like Ethereum and Polygon with private ledgers such as Hyperledger and Canton. The buildout supports the bank’s plan to launch

Business

How $40-a-Pack Cigarettes Pushed Australians to the Black Market

A retired math teacher descended into an underground parking lot in search of her dealer, cash in hand. She walked up to an unmarked van and soon was back above ground with a carton of cigarettes. Australia now has the most expensive cigarettes in the world — a pack of midmarket

Business

Trump-linked World Liberty Financial to Enter FX and Remittance Market

World Liberty Financial (WLFI), a decentralized finance platform backed by the family of US President Donald Trump, announced it will launch foreign exchange and remittance services called World Swap, aiming to challenge traditional providers with lower fees and a simplified user interface. No exact timeline was given for the rollout.

Business

Most tariff costs fall on U.S. firms and consumers, Fed study finds

Economists at the Federal Reserve Bank of New York and Columbia University found that through November 2025 roughly 90 percent of the economic burden from the administration’s tariffs fell on U.S. companies and consumers. Mr. Trump has repeatedly said foreign countries were paying the tariffs, but the research

Business

Flexibility and Rising Costs Are Keeping Mothers at Work

Mothers of young children surged into the labor force during the Covid-19 pandemic, driven by a tight job market, federal child care subsidies and a sudden abundance of remote work. The share of women with children under 5 who were working or looking for work peaked at nearly 71 percent

Business

Mewgenics tops Steam and recoups development costs in three hours

Mewgenics reached the top of Steam’s charts within 24 hours of release, drawing more than 67,000 concurrent players at peak and becoming the platform’s best-selling game for the day. The indie roguelike had a long, delayed development that began with its incubation over 12 years ago and

Business

JetBlue Damaged Your Luggage. Who Should Pay for Repairs?

After a trip to Palm Beach, a Southampton woman checked a soft-sided Louis Vuitton bag with JetBlue for a flight to Long Island MacArthur. The 1970s heirloom did not arrive with the other luggage and, when it finally emerged, was ripped. She filed a claim, but JetBlue questioned her documentation

Business

Irvine’s example fuels interest in building new American cities

Irvine looks like a typical American suburb on the surface, with curlicue streets and plentiful parking, but it has a dense base of employment — a university, manufacturing and high-rise offices — that makes it a true city. Almost all of Irvine was planned and built by a single private owner, the

Business

Ubisoft developers strike in Paris, call out CEO and return-to-office plan

Over 1,200 Ubisoft developers are striking outside the company’s Paris offices this week, dancing as they demand the Assassin’s Creed maker reverse its return-to-office policy and seek accountability from top executives, including co-founder Yves Guillemot. "At this stage, it seems clear to us that Yves Guillemot

Business

Verizon's Small Business Days offers free iPhone, Samsung, or Pixel

Verizon's Small Business Days sale lets small business owners get a free iPhone 17, Samsung Galaxy S25, or Google Pixel 10 when they switch or add a line to a Verizon My Biz mobile plan. The event also includes Ring camera bundles and discounts on phone and internet

Business

Laid-Off Battery Plant Workers Pin Blame on Ford, not Trump, for Lost Jobs

The electric vehicle battery factory that Ford and a South Korean company opened on 1,500 acres of Kentucky farmland last year was the biggest economic development Hardin County had seen. In December, four months after the first batteries rolled off the line, Ford shut down production and laid off

Business

Ford Will Repurpose Kentucky Plant for Large-Scale Batteries

Ford plans to convert an eight-million-square-foot factory in Glendale, Ky., that briefly produced batteries for the F-150 Lightning into a plant for large storage batteries used by utilities, data centers, businesses and homeowners. The company said it would deploy “more than a century of manufacturing expertise and licensed advanced battery

Business

Highguard studio lays off most staff weeks after launch

Wildlight Entertainment laid off "most" of its team just weeks after Highguard launched on January 26, according to posts from employees. Level designer Alex Graner posted on LinkedIn saying he and many colleagues were let go, noting unreleased content he had worked on and that he is looking

Business

Job Growth Was Overstated, New Data Shows

Annual revisions showed U.S. employers added just 181,000 jobs last year, far fewer than the initial estimate of 584,000, and the B.L.S. lowered its 2024 estimate by nearly 28 percent. In total, the economy has more than a million fewer jobs than previously reported. The

Business

McDonald's tests menu changes for customers using GLP-1 drugs

McDonald’s is evaluating how to serve a growing number of customers taking GLP-1 weight-loss drugs. On a Wednesday earnings call, executives said they are testing menu items to respond as adoption grows and consumer behavior shifts. CEO Chris Kempczinski said GLP-1 users tend to have suppressed appetites and a

Business

MicroStrategy to Issue More Perpetual Preferred Stock

Strategy, formerly known as MicroStrategy, plans to issue additional perpetual preferred stock to temper volatility in its common shares, CEO Phong Le said in a recent interview. The company’s common stock, trading under the ticker MSTR, has fallen nearly 17% year to date amid a pullback in Bitcoin’s

Business

Prediction Markets Challenge Professional Economists

Online prediction markets such as Kalshi and Polymarket are competing with professional economists on some forecasting tasks. For example, forecasters at major firms expected about 68,000 jobs to be added in the latest report, while Kalshi bettors expected 54,000 — the payrolls figure came in at 130,000, and

Business

Recording of Marc Benioff's keynote omits jokes about ICE

A recording of Marc Benioff's keynote was posted on the company's internal site, but internal messages and a video excerpt show his jokes about Immigration and Customs Enforcement were removed. The excerpt appears to show a jump cut during his introduction: the frame shifts to the

Business

Hasbro's Harry Potter deal raises concerns among Magic players

Hasbro announced a multi-year licensing partnership with Warner Bros. to expand its Harry Potter merchandise, promising "products featuring dolls, role play, action figures & collectibles, interactive plush, board games and more to be revealed later this year." The news unsettled some Magic: The Gathering players, who noted Wizards

Business

U.S. Hiring Starts the Year at a Strong Pace

The U.S. economy added 130,000 jobs in January, and the unemployment rate fell to 4.3 percent from 4.4 percent, in a report delayed by a short government shutdown. The peppier-than-expected reading suggests the labor market may be emerging from a period of very slow growth tied