Finance

Despite its vast reach, Amazon’s foray into Alexa-enabled devices has led to staggering losses, raising questions about its future viability. As the company considers a subscription model, challenges persist with its AI advancements. Dive into the complexities behind Amazon’s smart devices and the struggle to balance innovation with profitability.

After the ambitious rise and fall of MoviePass, co-founder Hamet Watt is charting a new course. With nearly $20 million in fresh funding, his new venture studio aims to revolutionize support for startups in innovative fields like future work and health. Discover how Watt plans to harness advanced technology and his personal experiences to redefine…

Boeing is making a bold comeback at the Farnborough International Airshow, securing major orders from Japan Airlines and Korean Air for its 787 Dreamliner and 777 models. With recent competition from Airbus intensifying, these moves could redefine the landscape of the aviation industry. What does this mean for the future of air travel? Discover the…

Abigail Disney makes a significant announcement about her political donations in light of Joe Biden’s decision not to seek reelection. What does this mean for the Democratic Party and Kamala Harris’s campaign? Discover the intriguing dynamics at play and how elite donors are shaping the upcoming election. Click to learn more!

General Motors is flexing its financial muscles with a promising update for 2024, surpassing expectations in the second quarter. With adjusted earnings projected to hit between $13 billion and $15 billion, the automaker’s recent performance has sparked excitement among investors. However, as GM shifts gears towards future models and electric vehicles, challenges loom on the…

In a surprising turn of events, Google’s ambitious $23 billion deal to acquire Wiz, an Israeli cybersecurity startup, has fallen through. This pivotal decision not only puts Wiz’s growth plans into focus but also sends ripples through the tech sector. With Microsoft now under pressure to enhance its own cybersecurity measures, the fallout from this…

A revealing investigation into pharmacy-benefit managers (PBMs) has uncovered troubling practices that may limit patient choices and inflate medication costs. As focus turns to major PBM executives, new findings suggest that many patients are being steered toward expensive drugs while more affordable options are suppressed. What does this mean for healthcare affordability? Dive into the…

Delta Air Lines faces an ongoing crisis as a significant software outage leads to widespread flight cancellations and delays. With thousands of travelers affected over the past few days, the airline’s CEO has issued a heartfelt apology. What measures is Delta taking to manage the fallout, and how are officials responding? Discover the latest on…

In a remarkable fundraising surge, Democrats raised an astonishing $100 million through ActBlue just days after President Biden’s announcement regarding his re-election. This milestone hints at a growing momentum for Vice President Kamala Harris’s presidential campaign and highlights an influx of new supporters. As grassroots involvement soars, the future of the Democratic party appears more…

Walt Disney World is making headlines with surprising price cuts on admissions and hotel stays, aiming to draw back dissatisfied guests. With new ticket deals and dining packages, the iconic parks are trying to enhance visitor experience at a lower cost. But will these changes truly address the concerns of disappointed fans? Discover what’s really…

A high-profile arrest has sent shockwaves through South Korea’s tech and entertainment industries. Kim Beom-su, the billionaire founder of Kakao, faces allegations of stock manipulation tied to a fierce K-pop rivalry. As concerns grow over potential evidence tampering and flight risks, the implications for Kakao and the broader market could be significant. Discover the unfolding…

As major banks prepare for a potentially challenging lending landscape, rising interest rates and inflation are putting pressure on consumer finances. With significant provisions for credit losses reported, experts are concerned about the disparity in financial stability among different income groups. What does this mean for the future of consumer debt and banking resilience? Discover…

Mortgage rates are on the decline, making homeownership more attainable than in recent months. With the Federal Reserve’s recent rate cut, many prospective buyers are finding relief in an evolving mortgage landscape. But what does this mean for your buying power? Discover how these changes could affect your financial future and the potential savings you…

Hims & Hers is shaking up the healthcare landscape with an exciting new addition to its board. Veteran executive Kåre Schultz brings a wealth of experience, hinting at significant changes on the horizon for the telehealth platform. As stock prices soar and innovative medication options emerge, what could this mean for the future of healthcare?…

Reddit is stepping up its game in the sports marketing world with exciting new partnerships that promise exclusive content and enhanced fan engagement. Discover how this move could reshape the way sports enthusiasts interact with their favorite leagues and why it’s worth paying attention to. Don’t miss out on what’s unfolding in the realm of…

Apple is rethinking its approach to content spending for Apple TV+, with reports indicating a budget cut to around $20 billion. As the tech giant faces disappointing viewership figures, will it shift its strategy or stick to its lavish ways? Discover what this means for the future of Apple TV+ and how it stacks up…

Buyers are hitting the brakes on home purchases like never before, with a record number of cancellations shaking the real estate market. As affordability concerns rise and expectations get sharper, what’s prompting this unprecedented shift? Dive into the details of this growing trend that has agents reeling and buyers reconsidering their decisions.

Johnson & Johnson is taking a bold step in the fight against treatment-resistant depression by seeking FDA approval for its ketamine-based medication, Spravato, as a standalone therapy. With millions affected worldwide, this new application comes after promising clinical trial results that could change lives. Discover what this means for patients and the future of depression…

A new study reveals a surprising shift in the use of GLP-1 medications, showing a rise in prescriptions among those without diabetes while numbers for diabetic patients decline. This trend raises urgent questions about access and availability as demand skyrockets. What does this mean for the future of weight loss treatments and diabetes care? Discover…

A high-profile arrest is shaking up the South Korean tech and entertainment landscape. Billionaire entrepreneur Kim Beom-su, the founder of Kakao, faces serious allegations of stock manipulation tied to a major K-pop agency. As questions swirl and stocks dip, the implications on Kakao and the K-pop industry are poised to unfold in dramatic fashion. What…

Apple is rethinking its massive investment in original content for Apple TV+, as reports suggest the platform’s viewership struggles despite a $20 billion commitment. With an eye on budget cuts and a shift in strategy, the company’s future in streaming could be taking a surprising turn. What does this mean for the service and its…