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Capital One and Discover merger ‘dangerous’, consumer groups tell Fed
Coalition of advocacy groups warn that deal would ‘further concentrate risk’ in the financial system and ‘must be stopped’
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You Can Now Buy Shares in Music by Beyoncé or Taylor Swift
Startup JKBX is offering securities backed by the royalty streams from songs recorded by popular artists
By Editors Desk
Latest Business
Elon explodes as lawyers demand $442k/hour
Elon Musk has reacted with fury after lawyers involved in his Tesla compensation package lawsuit asked for $9 billion in legal fees.
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Kanye spirals after new Adidas release
Kanye West took to the internet to slam Adidas for releasing shoes “with his name on it” and the company responded with this letter.
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Oprah Winfrey to leave board of Weight Watchers
Oprah Winfrey is to leave the board of Weight Watchers, in a fresh blow to a company struggling to compete against the popularity of weight-loss drugs.
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Macy’s is closing 150 stores
Macy’s will close 150 stores over the next three years, 50 by the end of 2024 after posting a fourth quarter loss and declining sales
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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
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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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