Business
All the latest news stories about the business world: mergers, IPOs, trends, personalities, and more
Meta Shifts Metaverse Strategy to Smart Glasses
Meta is pivoting its multibillion-dollar metaverse strategy toward smart glasses, preparing to unveil its most advanced pair yet, codenamed “Hypernova”.
FDA takes aim at Hims & Hers, weight loss drugs in new advertising blitz
The Trump administration has issued its first warnings to online services that offer unofficial versions of popular drugs like the blockbuster obesity treatment Wegovy.
McDonald’s will invest $200 million in regenerative cattle ranches
McDonald’s said Monday it plans to invest $200 million over the next seven years to promote regenerative agriculture practices on cattle ranches.
How much for matcha? Prices for the popular powdered tea soar
The world’s fondness for matcha is about to be tested by steep price increases.
xAI Lays Off 500 as Data Team Behind Grok Chatbot Faces Cuts
Artificial intelligence startup xAI laid off around 500 employees on Friday, primarily from its data annotation team responsible for training its Grok chatbot.
Musk Buys $1B in Tesla Stock in Rare Move
Tesla shares surged Monday after CEO Elon Musk disclosed a $1 billion open-market purchase of 2.57 million shares, his largest buy ever and first since 2020.
U.S. and China Strike Framework Deal on TikTok
The U.S. and China have agreed on a framework deal for TikTok that could transfer control of the platform to U.S. ownership.
United CEO Says Spirit Airlines is Doomed
United Airlines CEO Scott Kirby bluntly predicted that Spirit Airlines is "going out of business," criticizing the ultra-low-cost model as unsustainable.
Google Adds 'Purchases' Tab to Gmail for Easier Package Tracking
Google is rolling out a new “Purchases” tab in Gmail, giving users a centralized view of all their order and shipping emails.
DOJ Sues Uber for Discriminating Against Passengers with Disabilities
The U.S. Department of Justice has filed a federal lawsuit against Uber, accusing the company of systematically discriminating against disabled passengers.
Sources: Paramount Skydance May Bid for Warner Bros. Discovery
Sources say Paramount Skydance is working with an investment bank on an all-cash bid for Warner Bros. Discovery.
Microsoft & OpenAI Strike New Deal to Restructure Partnership
Microsoft and OpenAI have signed a non-binding agreement to redefine their partnership, allowing OpenAI to restructure into a for-profit company.
The Fabric of Success: BrilliA’s CEO on Innovation, IPO, and Market Leadership
Kendrew Hartanto, CEO of BrilliA (NYSE: BRIA), shares how the company stitched its path to IPO and redefined leadership in women’s undergarments.
Big Business This Week: Oracle soars as it cashes in on the AI boom
Oracle soars as it cashes in on the AI boom, Plus: Starbucks shares continue to fall under its new CEO, and does anybody actually want a new iPhone Air?
Why are Marvel movies losing more money, lately?
Ever since Disney paid $4 billion for the Marvel franchise in 2009, their movies have been making less and less money. What’s going on?
Gotta Collect 'Em All: Pokémon Cards Outperform Wall Street
Pokémon cards aren’t just a nostalgic hobby, they’ve quietly become one of the best-performing investments of the past two decades.
Novo Nordisk Slashes Jobs Amid Lilly Pressure
Novo Nordisk is laying off 9,000 employees, about 11% of its global workforce, as it faces intense competition in the booming weight-loss drug market.
