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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
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
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
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
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
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
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
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
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
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 …
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…
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
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
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
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
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
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
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…
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
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 …