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2 mins read

CHART: Big Tech is going wild on AI spending next year and beyond

Capex by Amazon, Google, Meta, and Microsoft is rising to eye-watering levels next year and beyond,…

Eugene Kim   


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4 mins read

Pop stars got millions in pandemic aid that raised red flags for their accountants but they took the cash anyways

Top accountants for superstar musicians at NKSFB worried their clients could not legally claim COVI…

Jack Newsham   


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7 mins read

Over 100 basic-income pilots have run in US cities. Now states are getting creative to fund no-strings-attached cash payments.

The success of over 100 local GBI pilots in the US provides insight into future state-level policy.

Allie Kelly   


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1 min read

Bed Bath & Beyond is reportedly skipping on severance payments for workers

Employees are also quitting weeks before their stores close, complicating the houseware giant's eff…

Dominick Reuter   


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2 mins read

Apple's electric car crash shows even a $2.8 trillion company can't burn cash forever

The tech giant is reportedly dropping its secretive car project at a time when AI and mixed reality…

Hasan Chowdhury   


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2 mins read

Big firms on Wall Street are piling into a bitcoin trade that goes beyond hoping for a price spike

The CME Group has surpassed Binance as the biggest exchange for the trading of bitcoin derivatives,…

Filip De Mott   


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1 min read

Meme stock darling Bed Bath & Beyond is ready to file for bankruptcy this week, report says

The company defaulted on a loan to JPMorgan last week, triggering a 22% plunge in its share price.

George Glover   


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3 mins read

Ever wondered how members of Congress cash in after they retire? Look no further than Tom Suozzi's financial disclosures

In just a year since retiring, Suozzi tripled his income, raking in $652,500 in consulting fees, a …

Bryan Metzger   


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2 mins read

Cash App founder Bob Lee was part of an underground party scene of sex and drugs called 'The Lifestyle' prior to his death, report says

A new report from the Wall Street Journal provides further connections between the late Cash App ex…

Aaron McDade   


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4 mins read

Flipkart Wholesale business woos mom-and-pop stores in tier-2 cities

Flipkart Wholesale, the e-commerce giant's unit targeting Indian kirana stores with an omnichannel …

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6 mins read

Are you moonlighting? Here is what to know when filing your taxes

Moonlighting is the act of engaging in a secondary job or additional work alongside one's primary e…

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2 mins read

A college student cashed out a $110 million profit on Bed Bath & Beyond - after piling $25 million into the meme stock

Jake Freeman, the 20-year-old boss of Freeman Capital Management, more than quadrupled his money in…

Theron Mohamed   


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1 min read

This chart shows how AI hype has taken over the stock market as companies try to cash in on the frenzy

Two-thirds of companies that mentioned AI on earnings calls saw their stocks rally, according to a …

Phil Rosen   


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1 min read

Bed Bath & Beyond shares jump 31% after a report the meme-stock favorite has secured new funding

Sources told the Wall Street Journal the company announced to prospective lenders on Tuesday that i…

Phil Rosen   


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2 mins read

Customers asked to return $40 million after a bank glitch let them take out more money than they had, report says

An Ethiopian bank is scrambling to recover more than $40 million withdrawn or transferred by custom…

Polly Thompson   


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3 mins read

Meet Jake Freeman, the college senior who cashed out a $110 million profit on Bed Bath & Beyond stock, writes academic papers, and loves taking baths

Freeman discussed his massive bet on the meme stock, his worries about the retailer's business, and…

Theron Mohamed   


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3 mins read

Bed Bath & Beyond's 4 key bets that became its biggest blunders

Bed Bath & Beyond's challenges began years ago, the result of short-sighted management and big bets…

Avery Hartmans   


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3 mins read

10 ways criminal groups will try to cash in COVID-19 vaccines

Criminal groups will look for ways to profit on the vaccine rush in 2021, and they have a lot of op…

James Bosworth, Latin America…   


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2 mins read

Thousands of engaged couples are suddenly dropping Bed Bath & Beyond as the company admits it might not make it through wedding season

The drop represents more than 50% compared to last year for couples using the wedding services plat…

Dominick Reuter   


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2 mins read

Bed Bath & Beyond used to have over 1,000 stores. Soon, it will have just 360.

Drastic cuts at the housewares giant could lead to big changes for shoppers who knew and loved the …

Dominick Reuter