Shares in Oregon drive-thru coffee chain Dutch Bros fell sharply Wednesday afternoon after the company warned investors that inflation is eating into its profit margins. Dutch Bros revenues jumped 5… [+2757 chars]
Airbnb is introducing a new feature that lets people split longer stays across houses after finding that its customers have been taking longer trips since largely forgoing travel during the pandemic.… [+1746 chars]
Entrepreneur Vivek Ramaswamy, who launched a new fund to take on woke corporations, reveled in a flood of job applicants from competing asset managers on Tuesday afternoon. Ramaswamy a former pharma… [+3761 chars]
Inflation is hovering near 40-year highs. The Consumer Price Index, a key inflation metric, increased 8.3% in April from a year ago, the largest jump since the summer of 1982, the U.S. Department of … [+2930 chars]
Reed Hastings was consistent, year after year. Any time someone asked the Netflix CEO when hed introduce ads to his streaming service, he insisted that it made no sense. Netflix was a better service … [+7556 chars]
In an all-stock deal struck designed for the current high-inflation economic environment facing streaming consumers, Crackle parent Chicken Soup for the Soul Entertainment is acquiring Redbox. The v… [+4474 chars]
Tesla CEO Elon Musk has been criticizing large passive investors recently, arguing that they make decisions that aren’t always in the best interests of companies and "actual shareholders." He might … [+2815 chars]
Once again, Tesla is recalling thousands of its vehicles due to a defect related to its central touchscreen unit.This recall affects nearly 130,000 vehicles from the 2021 and 2022 Model S and Model X… [+2385 chars]
Bitcoin pared losses and briefly turned positive on Wednesday after dropping below the $30,000 for the second time this week. The price of bitcoin was last down by 2.5% at $30,586, according to Coin… [+1441 chars]
The largest white diamond ever auctioned sold for a whopping $21.9 million at Christies annual Magnificent Jewels sale today. The 228.31-carat masterpiece was sold to a person whom Christies refuse… [+1999 chars]
Sometimes, theres good news in the world and today is one of those times: Volkswagens board of directors are expected to approve a plan Wednesday to bring back the Scout, this time as an EV brand wit… [+3094 chars]
Kohl's shareholders voted to reelect the company's current slate of 13 board directors, as the retailer faced mounting pressure from activists for an overhaul, the company announced Wednesday. The a… [+2435 chars]
