business

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

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 …

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Walmart is building a streaming service to take on Amazon Prime

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 …

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

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 …

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Wendy’s is adding a sweet new treat for breakfast

Beginning August 15, the chain is adding french toast sticks to its breakfast menu. Made from thick Texas-style toast, it’s described in a press release as having the “perfect balance of a soft, custardy interior and crisp, golden-brown crust with delicious notes of vanilla.” Each purchase also includes a syrup for dipping. The french toast …

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

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 …

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Burger King blank email orders confuse thousands of customers

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 …

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This is the ‘Jay Leno rule’ of saving money. You don’t have to be rich to do it

Comedian Jay Leno Getty Images/iStock Comedian Jay Leno has openly shared that while collecting two salaries — one from his ‘Tonight Show’ hosting gig and one from the 150 annual comedy shows he’d appear in — he never spent any of his ‘Tonight Show’ salary and instead only spent what he made doing stand-up. “I’d …

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