business

Japanese conglomerate and tech investing powerhouse SoftBank revealed on Monday that it lost $23 billion between April and June, the most significant quarterly loss in the company’s history. CEO Masayoshi Son’s multibillion-dollar investment spree over the past few years has turned into a nightmare for SoftBank in 2022 as rising interest rates and recession fears …

SoftBank CEO plans widespread cost cuts amid $23 billion in quarterly losses Read More »

With Boeing finally being able to resume deliveries of the 787 Dreamliner, I wanted to take an updated look at one of the upcoming Boeing 787 customers I’m most excited about. Hawaiian Airlines’ order for 20 Boeing 787-9s In 2018, Hawaiian Airlines placed an order for the Boeing 787-9 — the airline had a firm …

Hawaiian Airlines Boeing 787s Coming In 2023 Read More »

Walmart is investigating building its own streaming service, The New York Times reported, and is talking to some big-name content players about which shows and movies it can offer to Walmart Plus subscribers. The company has apparently held discussions with Paramount, Disney, and Comcast about the service, though it’s not clear whether those discussions came …

Walmart is building a streaming service to take on Amazon Prime Read More »

It’s a black pie for Domino’s Pizza. After teaming with a local business seven years ago to introduce the brand in Italy, the chain’s last restaurant in the gastronomic home of pizza is closing, according to Bloomberg News. The US company partnered with a franchiser, ePizza SpA, to open the first Domino’s in Milan in …

Italy says “arrivederci” to Domino’s Pizza Read More »

If you don’t want to pay for in-car subscriptions every month, no problem: Just pay it all upfront. That’s the line from General Motors today after news spread that it’s making a three-year, $1,500 OnStar connected services subscription a mandatory “option” for new Buick, GMC, and Cadillac Escalade models. The subscription, which enables things like …

GM Makes $1,500 OnStar Subscription Mandatory on GMC, Buick, Cadillac Models Read More »

Enlarge / All these Ferraris have to be recalled because of a faulty brake fluid reservoir cap. Ferrari Spare a thought for Ferrari. Not its F1 team, repeatedly snatching defeat from the jaws of victory as rival Red Bull romps away with the championships, but the road car division, which is in the process of …

Almost every Ferrari sold since 2005 is being recalled Read More »

NVIDIA Corp NVDA and Palantir Technologies Inc PLTR shares are getting crushed Monday after both companies issued revenue warnings. One investor sees opportunity amid the reckoning. What Happened: Nvidia shares plunged after the company issued initial second-quarter guidance below estimates, citing weaker gaming revenue. The chip company said it now expects second-quarter revenue to come …

Kevin O’Leary Just Bought Nvidia Stock And Plans To Buy Palantir Next: Here’s When And Why He’s Bullish Read More »

Burger King has just emailed thousands of customers with a blank order email receipt. The blank emails started appearing at around 12:15AM ET, leaving Burger King customers confused whether the company has been breached by a hungry hacker attempting a midnight feast, or if the emails are simply a giant whopper of a mistake. Twitter …

Burger King blank email orders confuse thousands of customers Read More »