Business

Business and economic news

56 articles• 57 total in category• Page 1 of 4

Acura’s RSX prototype is a taste of what’s to come with Honda Zero

Acura’s RSX prototype is a taste of what’s to come with Honda Zero

Acura is bringing back the RSX sedan as a premium, dramatic-looking, all-wheel drive electric crossover that’s also the first model engineered in-house on Honda's new global EV Platform. This is the same platform that will eventually underpin the automaker’s Zero series, which is expected to go into

Stop using these ESR power banks that have been recalled for fire and explosion risks

Stop using these ESR power banks that have been recalled for fire and explosion risks

Two of the recalled power bank models featured built-in kickstands. | Image: ESR ESR has issued a recall for 33,000 HaloLock wireless power banks, in 6,000mAh and 10,000mAh versions, because their lithium-ion batteries can “overheat and ignite, posing fire and burn hazards to consumers.” The power b

Cowboy’s e-bikes granted a second life

Cowboy’s e-bikes granted a second life

Cowboy e-bikes, the Brussels-based maker of stylish electric bikes, just dodged a bullet! After months of worrying whispers about their potential demise, they've secured the funding needed to keep the wheels turning. They've got short-term financing to keep the lights on, and a major commitment fr

Stripe apologizes for customer service agents claiming LGBTQ products were banned

Stripe apologizes for customer service agents claiming LGBTQ products were banned

Stripe, a financial services company that acts as a payment processor for millions of businesses including itch.io, has issued an apology following reports that members of its support team told callers the business does not support the sale of LGBTQ content. "We apologize: the information given by o

Kodak says it’ll figure things out and won’t shut down

Kodak says it’ll figure things out and won’t shut down

Kodak sent shockwaves through the market on Monday, admitting in a regulatory filing that its hefty $500 million debt was looming large. The 133-year-old company even raised concerns about its future. But don't worry, says Kodak's CMO and Head of EAMER Sales, Denisse Goldbarg. They have a plan.

New York claims Zelle's shoddy security enabled a billion dollars in scams

New York claims Zelle's shoddy security enabled a billion dollars in scams

New York Attorney General Letitia James is taking on Zelle, the popular payment app, accusing the banks behind it of enabling a billion-dollar fraud spree. Between 2017 and 2023, she claims, customers lost over a billion dollars due to Zelle's design flaws and inadequate security measures. The la

Insta360's next ultra-compact action camera is getting a redesign

Insta360's next ultra-compact action camera is getting a redesign

Leaked images reveal the Insta360 Go Ultra will once again be available in black or white color options. | Image: Roland Quandt It hasn’t been officially announced yet, but leaked pics and specs have revealed the new design and capabilities of Insta360’s next ultra-compact action camera. The most no

Krafton claims former Subnautica 2 devs ‘lost interest’ in developing game

Krafton claims former Subnautica 2 devs ‘lost interest’ in developing game

Krafton is firing back in its legal fight with former Unknown Worlds executives, Ted Gill, Charlie Cleveland, and Max McGuire. These executives sued last month, claiming Krafton sabotaged Subnautica 2's release to avoid paying them hefty bonuses. Krafton's response paints a different picture. The

Blackwater’s founder would like to sell you a privacy phone made in the USA

Blackwater’s founder would like to sell you a privacy phone made in the USA

The UP Phone’s core hardware hasn’t changed since its first iteration. | Image: Unplugged Unplugged, a company cofounded and backed by Erik Prince, who is also the founder of infamous private military contractor Blackwater, has just released a new version of its "privacy-first" UP Phone that will be

Terraform co-founder Do Kwon pleads guilty over $40 billion crypto collapse

Terraform co-founder Do Kwon pleads guilty over $40 billion crypto collapse

Terraform Labs co-founder Do Kwon has pleaded guilty to conspiracy and wire fraud three years after his collapsed cryptocurrency firm wiped out $40 billion in funds, according to a report from Bloomberg. Kwon entered his plea in a New York court on Tuesday as part of a deal reached with prosecutors

Revel shutters rideshare business, pivots to EV charging

Revel shutters rideshare business, pivots to EV charging

Remember those cool neon blue Revel mopeds that popped up in Brooklyn a few years back? Well, things have changed. Revel, the company that started with electric mopeds and then branched out into ride-sharing with a fleet of Teslas, is pulling the plug on its ridehail service. It's a tough call, b

How big trucks and SUVs gobbled up the entire auto industry

How big trucks and SUVs gobbled up the entire auto industry

Growing up in the Midwest, everyone drove tiny cars. My dad cruised around in a light pink Volvo 240, Mom had a Dodge Dart, and Grandma's 1988 Honda Accord? That became my first car! We lived in the suburbs, so trucks were rare. If someone *did* have a truck, it was something small – a Ford Range

Mini Ikea stores will be opening inside select Best Buy locations this year

Mini Ikea stores will be opening inside select Best Buy locations this year

Need a new laptop and, hey, maybe a Billy bookcase while you're at it? Ikea and Best Buy are teaming up! Later this year, you'll find mini Ikea stores popping up inside select Best Buy locations across the southern US. This is a first – Ikea products and services available through another US retai

Paramount is now a Skydance Corporation

Paramount is now a Skydance Corporation

So, it's official: Skydance Media's $8 billion takeover of Paramount Global is done. David Ellison, the new chairman and CEO, is wasting no time—he's already announced a major restructuring. In a letter outlining his vision, Ellison revealed that Skydance Corporation (the new name, by the way) wil

Peloton pivots to wellness alongside another layoff

Peloton pivots to wellness alongside another layoff

Peloton just blew past investor expectations this quarter – great news! But CEO Peter Stern isn't popping the champagne just yet. While revenue hit a strong $607 million (surpassing projections by a healthy $21 million!), he's focused on bringing down expenses. This means another restructuring, u

Disney will stop reporting its streaming subscriber numbers

Disney will stop reporting its streaming subscriber numbers

Disney's just dropped a big announcement: they're ditching subscriber numbers in their quarterly reports! Following Netflix's lead, they'll stop reporting how many people are tuning into Disney+, Hulu, and ESPN+. This comes after a pretty solid quarter, adding 2.6 million subscribers to bring thei

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