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Macy’s is closing 150 stores
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Head of British Rothschild family dies
Lord Jacob Rothschild has passed away at the age of 87, his family announced on Monday
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US chipmaker Nvidia hits $2tn value amid artificial intelligence boom
Company blows past Wall Street’s expectations with 265% jump in sales after hailing ‘tipping point’ for AI
By Editors Desk
Latest Business
Thousands of AT&T Customers Lose Cell Service
Nearly 75,000 customers reported problems texting, making calls on Downdetector.
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How Capital One’s $35 Million Discover Merger Could Affect Consumers
Critics are wary of the size of the deal, but some analysts say it could create a stronger challenger to Visa and Mastercard.
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Tech Leaders Fled San Francisco During the Pandemic. Now, They’re Coming Back.
Founders and investors who moved to Miami and elsewhere are returning to a boom in artificial intelligence and an abundance of tech talent
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Capital One Is Buying Discover Financial
Buying Discover would give Capital One, a credit-card lender with a market value of a little over $52 billion, a network that would vastly increase its power in the payments ecosystem.
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Snap to lay off 10% of global workforce, around 500 employees
Snap said it will lay off 10% of its workforce worldwide, around 500 employees, to “promote in-person collaboration.”
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Reed Hastings sells $1.1 billion in Netflix shares
Netflix co-founder and executive chairman Reed Hastings has gifted two million shares of the streaming giant, according to a regulatory filing, with a current value of more than $1.1 billion.
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23andMe’s Fall From $6 Billion to Nearly $0
From celebrity ‘spit parties’ to a drop in the bucket: The once-hot DNA-testing company is struggling to profit
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Elon Musk’s $55.8 Billion Tesla Pay Package Struck Down by Judge
The Delaware judge cited Musk’s “extensive ties” with those determining his most recent pay deal, which shareholders approved in 2018.
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Amazon calls off its $1.7 billion purchase of iRobot amid antitrust challenges
The companies abandoned the deal amid rising global challenges to tech mergers
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China Evergrande Is Told to Liquidate
The breakup of the company, once China's top property developer by sales, is set to send a further shock wave through the country's struggling real-estate sector.4 min read
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Bernard Arnault Overtakes Elon Musk As Richest Person In The World
French billionaire Bernard Arnault—owner of luxury brands like Louis Vuitton and Sephora—is now the richest man in the world.
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Microsoft Hits $3 Trillion, Cementing Strength of AI Rally
The threshold cements Microsoft’s status as one of the largest public stocks.
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Ebay to Lay Off 9% of Full-Time Workforce
Online marketplace to lay off about 1,000 full-time employees
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