Finance
Bolt Cuts Third of Staff, Pivots to AI Core
One-click checkout startup Bolt has cut a third of its staff, citing financial pressures and a strategic shift to become a leaner,...
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Investing
Indonesia’s Danantara Fund Drives $159M Asset Manager Merger
Indonesia's sovereign wealth fund, Danantara, is merging the asset management units of four state-owned lenders in a $158.8 million deal to boost...
Stocks
Neurocrine Nears $2.5B-Plus Soleno Acquisition
Neurocrine Biosciences is in advanced talks to acquire Soleno Therapeutics for over $2.5 billion, potentially valuing Soleno shares in the low-to-mid $50s,...
Finance
Hollywood Writers, Studios Reach Tentative Four-Year Deal
The Writers Guild of America West and Hollywood studios have reached a surprise four-year tentative agreement after three weeks of negotiation. The...
Markets
UPS, Teamsters Cap Severance Offers for 7,500 Drivers
United Parcel Service and the Teamsters National Negotiating Committee have settled on new severance terms, capping offers at $150,000 for 7,500 eligible...
Stocks
Coffee Futures Decline as Brazil Crop Outlook Strengthens, Dollar Gains
Coffee prices, including arabica and robusta futures, fell on Thursday, driven by a stronger U.S. dollar and increasingly optimistic forecasts for Brazil's...
Stocks
Lefsetz: Fleeting Fame Offers No Career Capital
Industry observer Lefsetz argues that traditional publicity and awards no longer guarantee career longevity or significant financial returns, urging creators to focus...
Markets
Alexa+ Transforms 600 Million Devices into Monetization Hub
Amazon's recent Alexa+ upgrade, powered by artificial intelligence, is poised to turn its vast ecosystem of over 600 million smart speakers into...
Stocks
Cotton Futures See Mixed Trading Amid Strong Exports, Rising Dollar, Oil Surge
Cotton futures showed mixed performance on Thursday, fluctuating between gains and losses, influenced by strong export sales, a rising US dollar, and...
Economy
Pepsi Ends Wireless Festival Sponsorship After Kanye West Backlash
Pepsi has withdrawn its sponsorship of the UK's Wireless Festival following news that Kanye West, also known as Ye, will headline the...
Finance
Mortgage Rates Climb as Iran War Looms, Challenging Spring Home Sales
While housing trends favor buyers with increased inventory and seller concessions, the Iran war's economic fallout is driving up mortgage rates, complicating...
Stocks
Cattle Futures Advance, Cash Trade Stalls
Cattle futures extended higher on Thursday, with live and feeder contracts posting gains. This rally occurred despite stalled cash trade and declining...