Why SoftBank’s New $40B Loan Points to a 2026 OpenAI IPO

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Why SoftBank’s New $40B Loan Points to a 2026 OpenAI IPO

Wall Street giants JPMorgan and Goldman Sachs are extending a 12-month, unsecured loan to the Japanese conglomerate.

5 months ago

economy

Netflix raises prices for every subscription tier by up to 12.5 percent

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Netflix raises prices for every subscription tier by up to 12.5 percent

Netflix isn’t preparing for a multibillion acquisition anymore, but it’s still raising prices.

5 months ago

economy

Netflix is raising prices again

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Netflix is raising prices again

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5 months ago

economy

With $3.5B in fresh capital, Kleiner Perkins is going all in on AI

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With $3.5B in fresh capital, Kleiner Perkins is going all in on AI

The fundraise includes $1 billion for investing in early-stage startups, and $2.5 billion for late-stage growth businesses.

5 months ago

economy

Bengaluru food delivery startup Swish raises $38M, its third round in 18 months

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Bengaluru food delivery startup Swish raises $38M, its third round in 18 months

Swish has more than doubled its valuation in a year as its full-stack, hyperlocal model positions ultra-fast food delivery as a high-frequency habit.

5 months ago

economy

I Achieved the Four-Hour Workweek. So, Why Did I Just Take a Job?

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I Achieved the Four-Hour Workweek. So, Why Did I Just Take a Job?

After years of self-employment, I went full-time at Every. Here’s why.

5 months ago

economy

Coal plant forced to stay open due to emergency order isn't even running

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Coal plant forced to stay open due to emergency order isn't even running

Department of Energy’s attempts to prop up coal can look pretty pointless.

5 months ago

economy

Palantir’s government growth.

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Palantir’s government growth.

The company sells its tech to ICE, among other government departments, and business is booming: its annual revenue from the US government grew 55 percent, to $1.855 billion, over the last year. That growth is speeding up, with $570 million of government revenue from the last quarter alone.

5 months ago

economy

Meta is reportedly laying off up to 20 percent of its staff

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Meta is reportedly laying off up to 20 percent of its staff

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5 months ago

economy

Facing heavy losses, Honda cancels its three US-made electric vehicles

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Facing heavy losses, Honda cancels its three US-made electric vehicles

Tariffs, torn-up US emissions regs, and being uncompetitive in China are all to blame.

5 months ago

economy

Quince hits $10B valuation with giant $500M round led by Iconiq

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Quince hits $10B valuation with giant $500M round led by Iconiq

E-commerce company Quince has raised another massive round, less than a year after its previous raise.

5 months ago

economy

Amazon expands a program that lets customers shop from other retailers' sites

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Amazon expands a program that lets customers shop from other retailers' sites

The changes allow more merchants to participate in Amazon's Shop Direct program, which sends Amazon customers to other retailers' websites.

5 months ago

economy