PC Jeweller lost $2.8B in a few months -- and, according to them, they have no idea why it happened. What’s really going on here?
Last week, Sony, who easily held the biggest stake in Spotify, sold about half its shares for close to $750m. Then, yesterday, Warner Music Group followed suit.
The Chesapeake Bay produces 50% of US blue crab, but a crippling labor shortage is leaving almost half of Maryland’s crab businesses high and dry.
Toms shoes didn’t have enough foresight in the early days of pioneering their “get one, give one” strategy, and now, they’re paying the price.
After Warren Buffett announced a 75m share investment in Apple in the first quarter, the company’s stock hit an all-time high.
Walmart wins the battle against Amazon for a $15B majority stake in India’s fastest-growing startup, Flipkart.
Blue Apron, the grizzled veteran of the meal-kit delivery space, reported better-than-expected earnings, sending shares up 9% yesterday. To be clear, the chain didn’t make more than it expected, it just lost less. But for the dirty Apron, whose value was in free fall just months ago, this stability is a win — even if […]
Demand for gold dropped 7% in Q1 this year to post its weakest quarter since the ‘08 financial crisis, driven, according to MarketWatch, by lower demand for gold bars and gold-backed funds. What does this mean? And why do people decide to keep their money in gold in the first place? People just aren’t […]
The Chinese smartphone maker (pronounced she-yow-mee) has filed for an initial public offering in Hong Kong, and expects to raise at least $10B, valuing them at $100B and making it the world’s largest IPO since Alibaba back in 2014. The smartphone maker had a big 2017. According to WSJ, Xiaomi’s revenue rose 67% to $18B, […]
Encrypted messaging app Telegram canceled its widely hyped initial coin offering after drumming up $1.7B in investment, reports the Wall Street Journal. The Russia-based startup initially planned to use their ICO money to fund a project called the Telegram Open Network (TON), which they claimed will usher in a 3rd generation of blockchain — but […]
Hobby Lobby, the Bible-loving craft store that paid a $3m fine for smuggling antique artifacts into the US, is finally returning 3,800 relics to their cultural homeland of Iraq.
China and the US are still ‘most likely to succeed’ in the global AI race -- but there are a couple of “late bloomers” rising in the ranks.
Birchbox investor Viking Global will buy out its other existing VC investors with a new, $15m investment in the subscription beauty box.
Hydrogen-electric truck company Nikola Motors is suing Tesla for $2B, claiming their new truck causes “confusion in the market.”
As skinny-conscious consumers continue to opt for diet-friendly alternatives, even traditional liquor companies are rolling out low-calorie options.
Research shows that the success of ad-based and subscription-based models varies by user age -- and that young people are a lot less susceptible to ad bullying.
Levi’s put up their biggest year in a decade and boosted sales 22% in Q1 2018. And they’ve come along way from their early aughts slump.
Facebook kicked off its annual, 2-day developer conference, F8, yesterday. Here’s what we know after Day 1.
An unlikely transatlantic tech partnership is making progress in the battle against rhino poachers with a high-tech alarm system that could serve as a model for conservationists.
Virgin Hyperloop one has announced a joint venture with one of its investors that will specialize in Mach 1 shipping across India.
WhatsApp founder, Jan Koum, is parting ways with Facebook. Publicly, he says it’s time “to move on.” But according to insiders, tensions have been bubbling below the surface…
Phones, fuel, and timeshares: Major M&As this week, from T-Mobile and Sprint, to Marathon Petroleum and Andeavor.
Cloud-based esignature company DocuSign raised $629m in their IPO last Thursday at $29 a share -- and their stock climbed to nearly $40 in their first day of trading on Friday.
Emphasis on the importance of a 4-year degree causes young workers to go into debt for a bachelor’s degree -- instead of taking high-paying trade jobs that desperately need workers.
French ride-share giant acquires another carpooling service as it looks to compete with the other ride-sharing glam-brands.
Marshmallow makers at a Pennsylvania Peeps factory won a court decision that will force their company Just Born, to honor their pension promises (while they still can).
Looks like the other shoe just dropped… MoviePass reduces new subscribers to only 4 movies a month after losing money on every single new subscriber.
Nintendo had a monstrous 2017 and it’s all thanks to the Nintendo Switch -- and a little nostalgia.
As reported by USA Today, there’s a shortage of 51k truck drivers nationwide — which has driven shipping costs up by 6-10%, an increase that consumers will soon have to pay for. As baby boomers retire and young people fail to take their spots at the wheel, the shortage is expected to grow to more […]
On May 9, Amazon will release the Echo Dot Kids Edition, complete with kid-friendly responses, and rewards for good manners... and we have some concerns.