Finance

Amazon’s ambitious foray into Alexa-enabled devices may be facing significant hurdles, with reported losses exceeding $25 billion. As CEO Andy Jassy explores new revenue models, including a potential paid version of Alexa, concerns linger about the viability of such offerings. With the latest AI developments in limbo, what does the future hold for Amazon’s digital…

In a surprising turn of events, Google’s ambitious bid to acquire Israeli cybersecurity startup Wiz for $23 billion has been rejected. This decision, highlighted by Wiz’s CEO, underscores the company’s commitment to ambitious revenue goals and an IPO. As cybersecurity remains a hot topic, the implications of this deal falling through could ripple through the…

Apple is rethinking its strategy for Apple TV+ after splurging around $20 billion on original content that often flies under the radar. With a minor share of TV viewership in the US, the tech giant is considering scaling back spending and possibly introducing a new ad-supported tier. What changes are on the horizon for this…

A new report has unveiled disturbing practices among the country’s largest pharmacy-benefit managers (PBMs), revealing how they may be steering patients toward pricier medications while limiting choices. As the investigation unfolds, significant implications for access to affordable drugs are becoming clearer. Discover how these revelations could impact your healthcare decisions and what they mean for…

As banks brace for potential lending risks amid soaring interest rates and inflation, major players are increasing their provisions for credit losses. What does this mean for consumers facing mounting debts and a shaky economic landscape? Discover the factors at play that could reshape the future of lending and borrowing.

The real estate market is experiencing a seismic shift, with indecisive buyers pulling back from deals like never before. Record-high home prices and soaring mortgage rates are forcing potential homeowners to reconsider their choices, leading to a wave of contract terminations. Dive into the details of this emerging trend and discover what it means for…

Hamet Watt, known for his role in the rise and fall of MoviePass, is charting a new course with the launch of Share Ventures. With nearly $20 million in backing from tech giants, Watt aims to revolutionize the startup landscape in the realms of work and longevity. Discover how his personal experiences and lessons from…

As “brat summer” wraps up, Charli XCX is making waves with her North America arena tour alongside Troye Sivan. With impressive earnings and record-breaking streams, her latest album is capturing more than just music lovers’ attention. Dive into the details of how she’s commanding the cultural conversation and shaking up the industry. Would you like…

Tomorrow’s stock market is set for a shake-up as President Biden’s announcement not to seek reelection sends ripples through the economy. With his endorsement of Vice President Kamala Harris as the successor, uncertainty looms. Will investors flee to safer assets, or will the “Trump Trade” regain its momentum? Click to discover what experts predict for…

Major shifts in the stock market follow President Biden’s unexpected exit from the presidential race, with Vice President Kamala Harris stepping into the spotlight. Plus, tech giants like Nvidia and Tesla are making headlines with their latest developments. Dive into the details of how these political and corporate movements are shaking up the financial landscape!

Reddit is taking a bold step into the sports marketing landscape with exciting new partnerships that promise to enhance user engagement and content offerings. Discover how these collaborations could redefine the way fans interact with their favorite sports leagues and players. Don’t miss out on the details!

McDonald’s new $5 meal deal is stirring the pot with a modest profit outlook. While the promotion aims to lure inflation-strapped customers through the door, the reality for franchise owners might not be as rosy as it seems. Could this promotional strategy be more about attracting diners than boosting profits? Discover the intriguing dynamics at…

Discover the remarkable journey of Jaclyn Sienna India, who built a luxury travel concierge from the ground up against all odds. With a clientele that includes former presidents and celebrities, her unique approach to personal service transcends mere access to luxury. How does she transform ordinary travel into extraordinary experiences? Dive into her story and…

Delta Air Lines is under scrutiny as the Department of Transportation investigates ongoing consumer rights issues amid a wave of flight cancellations triggered by a tech malfunction. With hundreds of complaints pouring in, the airline faces mounting pressure to restore normalcy and regain traveler trust. What does this mean for affected passengers? Delve into the…

A new study highlights a surprising trend in the use of GLP-1 drugs, with prescriptions for weight management on the rise among those without diabetes. As the pharmaceutical giants struggle to keep up with soaring demand, could patients with diabetes face medication shortages? Discover the implications of this shift and what it means for the…

A high-profile arrest sends shockwaves through the K-pop industry and the tech world. South Korean billionaire Kim Beom-su faces serious allegations of stock manipulation tied to a major acquisition. As the story unfolds, what does this mean for the future of Kakao and the K-pop giants involved? Dive into the details of this unfolding drama.

Amazon’s ambitious plans for its Alexa-enabled devices are facing serious hurdles, with reports revealing staggering losses that could redefine the company’s tech strategy. As the Echo and other devices struggle to convert users into shoppers, could a paid version of Alexa be the answer, or are there deeper issues at play? Dive into the complexities…

Coca-Cola’s latest quarterly results reveal a complex picture of success amid shifting consumer habits. While the company reported impressive earnings and revised its growth outlook, challenges persist in the North American market as soda sales dip. Learn how strategic partnerships and evolving health trends are shaping the beverage landscape. Dive into the full story for…

A startling report reveals that pharmacy benefit managers (PBMs) may be steering patients towards more expensive medications while limiting their choices for obtaining prescriptions. As executives from major PBMs prepare for a hearing, the implications of this investigation raise critical questions about access to affordable healthcare. What are the hidden costs of these pharmaceutical practices?…

As interest rates climb to their highest levels in over two decades, major banks are ramping up their preparations for potential credit losses. With increasing provisions for bad debts and a shifting economic landscape, find out what this means for consumers and the future of lending. Delve into the complexities shaping today’s financial world and…

A wave of homebuyers is rethinking their purchases, with a record number of agreements falling through this June. As affordability concerns mount amid rising costs, what factors are driving this trend? Discover the challenges facing today’s real estate market and why buyers may be navigating away from their dream homes. Click to learn more!