Netflix executives messaged Thursday that all is well with the business in the face of economic turbulence. But its full-year outlook tells a slightly more nuanced story. Netflix posted a big beat on operating margin for the…
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Nintendo on Friday announced that retail preorder for its Nintendo Switch 2 gaming system will begin on April 24 starting at $449.99. Preorders for the hotly anticipated console were initially slated for April 9, but…
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Capital One Financial’s application to acquire Discover Financial Services in a $35.3 billion all-stock deal has officially been approved by the Federal Reserve and the Office of the Comptroller of the Currency, the regulators announced on Friday. “The Board evaluated the application…
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Business
Hermès to hike U.S. prices for iconic bags and scarves in response to Trump tariffs
by adminFrench luxury group Hermès will raise its U.S. prices from the start of May in order to offset the impact of President Donald Trump’s tariffs, the company’s finance chief said Thursday. The company — which earlier this…
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Business
Target CEO to meet with Rev. Al Sharpton as civil rights groups threaten boycotts over DEI
by adminTarget CEO Brian Cornell will meet with the Rev. Al Sharpton this week in New York as the retailer faces calls for a boycott and a slowdown in foot traffic that began after it walked back key diversity,…
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Alphabet’s Google illegally dominated two markets for online advertising technology, a judge ruled Thursday, dealing another blow to the tech giant and paving the way for U.S. antitrust prosecutors to seek a breakup of its…
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Business
Harvard’s battle with the Trump administration is creating a thorny financial situation
by adminHarvard’s brewing conflict with the Trump administration could come at a steep cost — even for the nation’s richest university. On April 14, Harvard University President Alan Garber announced the institution would not comply with the administration’s demands,…
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OpenAI is in talks to pay about $3 billion to acquire Windsurf, an artificial intelligence tool for coding help, CNBC has confirmed. Windsurf, formerly known as Codeium, competes with Cursor, another popular AI coding tool,…
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Business
Universal’s new Epic Universe park set to generate $2 billion for Florida in year one
by adminEpic things are coming to Orlando. In a little more than a month, Universal will officially open the doors of its newest theme park, the first major theme park in the Florida area in 25 years, spurring…
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Business
Temu slashes U.S. ad spending, plummets in App Store rankings after Trump China tariffs
by adminChinese online retailer Temu, whose “Shop like a billionaire” marketing campaign made its way to last year’s Super Bowl, has dramatically slashed its online ad spending in the U.S. and seen its ranking in Apple’s App Store plunge…