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Economy

Bitcoin is just another tech stock, not a market hedge, study shows

March 25, 2025

Bitcoin is more closely correlated to the Nasdaq than it is to gold most of the time, and investors could benefit from viewing it as another big tech stock, says Standard Chartered. Bitcoin’s correlation with the Nasdaq is currently at about 0.5, after it approached 0.8 earlier this year, according to the bank. Meanwhile, its correlation […]

Economy

Nvidia’s CEO did a Q&A with analysts. What he said and what Wall Street thinks about it.

March 22, 2025

Investors have closely watched Nvidia’s week-long GPU Technology Conference (GTC) for news and updates from the dominant maker of chips that power artificial intelligence applications. The event comes at a pivotal time for Nvidia shares. After two years of monster gains, the stock is down 15% over the past month and 22% below the January all-time […]

Economy

Nvidia CEO says he was wrong about timeline for quantum, surprised his comments hurt stocks

March 22, 2025

Nvidia CEO Jensen Huang on Thursday walked back comments he made in January, when he cast doubt on whether useful quantum computers would hit the market in the next 15 years. At Nvidia’s “Quantum Day” event, part of the company’s annual GTC Conference, Huang admitted that his comments came out wrong. “This is the first event […]

Economy

Darden Restaurants sales disappoint as Olive Garden, LongHorn Steakhouse miss expectations

March 21, 2025

Darden Restaurants on Thursday reported weaker-than-expected sales as Olive Garden and LongHorn Steakhouse underperformed analysts’ projections. Shares of the company were up in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Darden reported fiscal third-quarter net income of $323.4 million, or $2.74 […]

Economy

Art created autonomously by AI can’t be copyrighted, federal appeals court rules

March 21, 2025

A federal appeals court ruled that art created autonomously by artificial intelligence cannot be copyrighted, saying that at least initial human authorship is required for a copyright. The ruling Tuesday upheld a decision by the U.S. Copyright Office denying computer scientist Stephen Thaler a copyright for the painting “A Recent Entrance to Paradise.” The picture was created by Thaler’s AI platform, the “Creativity Machine.” The […]

Economy

How new professional sports leagues like SailGP are putting women at the fore

March 21, 2025

As women’s sports surge in popularity, professional leagues are increasingly touting the value of female athletes. New professional leagues like SailGP are launching with the advantage of building from the ground up, with gender diversity as part of their DNA. Noncontact and noncollision sports are leading the way. Formula 1′s F1 Academy has created a pipeline […]

Economy

Klarna lands buy now, pay later deal with DoorDash, notching another win ahead of IPO

March 21, 2025

Klarna, the buy now, pay later lender that’s headed for an initial public offering, said on Thursday that it’s signed on DoorDash as a partner, another sign of momentum for public market investors. It’s DoorDash’s first BNPL alliance and gives users of the restaurant delivery service a new way to pay for meals. Klarna said in a press […]

Economy

Amazon AI scammers duped investors out of millions with ‘passive income’ scheme, FTC alleges

March 20, 2025

The Federal Trade Commission is going after an e-commerce company that allegedly took millions of dollars from consumers as part of a “passive income” scheme, which spun up Amazon storefronts on their behalf and promised “insane returns” that were higher than the stock market. The FTC said Tuesday it filed a lawsuit against the company, called Click Profit; its […]

Economy

First the token, now the swipe: NYC’s subway system to stop selling MetroCards

March 20, 2025

The Metropolitan Transit Authority will stop selling and refilling those formerly-ubiquitous MetroCards by the end of the year in favor of the OMNY system, MTA Chair and CEO Janno Lieber told Crain’s New York Business Wednesday. MetroCards have been around since 1994, but now seem destined to go the way of the subway token, which stopped being used […]

Economy

Nvidia CEO Jensen Huang says tariff impact won’t be meaningful in the near term

March 20, 2025

Nvidia CEO Jensen Huang downplayed the negative impact from President Donald Trump’s tariffs, saying there won’t be any significant damage in the short run. “We’ve got a lot of AI to build … AI is the foundation, the operating system of every industry going forward. … We are enthusiastic about building in America,” Huang said Wednesday in […]

Economy

Klarna, nearing IPO, plucks lucrative Walmart fintech partnership from rival Affirm

March 19, 2025

Swedish fintech firm Klarna will be the exclusive provider of buy now, pay later loans for Walmart, taking a coveted partnership away from rival Affirm, CNBC has learned. Klarna, which just disclosed its intention to go public in the U.S., will provide loans to Walmart customers in stores and online through the retailer’s majority-owned fintech startup OnePay, according to people with knowledge […]

Economy

AI that can match humans at any task will be here in five to 10 years, Google DeepMind CEO says

March 19, 2025

LONDON — Artificial intelligence that can match humans at any task is still some way off — but it’s only a matter of time before it becomes a reality, according to the CEO of Google DeepMind. Speaking at a briefing in DeepMind’s London offices on Monday, Demis Hassabis said that he thinks artificial general intelligence (AGI) — […]

Economy

PepsiCo buys prebiotic soda brand Poppi for nearly $2 billion

March 18, 2025

PepsiCo said Monday that it is buying prebiotic soda brand Poppi for nearly $2 billion. While soda consumption has broadly fallen over the last two decades in the U.S., prebiotic sodas, fueled by industry newcomers Poppi and Olipop, have won over health-conscious consumers over the last five years. The category’s growth makes it attractive for Pepsi and […]

Economy

‘RFK’ing the french fries’: Steak ‘n Shake becomes a MAHA darling

March 18, 2025

Over a double cheeseburger and fries, Robert F. Kennedy Jr. told Fox News host Sean Hannity earlier this month of his plans to improve the country’s health by incentivizing companies to step away from processed foods. From across the red high-top table of a Florida Steak ’n Shake, the health and human services secretary went […]

Economy

Plummeting stock, boycotts and flagging sales: What’s fueling turmoil for Tesla?

March 18, 2025

Flagging global sales and Elon Musk’s increasingly outspoken political activities are combining to rock the value of Tesla. Shares in the once-trillion-dollar company saw their worst day in five years this week. Year to date, Tesla’s stock has plunged 41% — though it is still up by about 36% over the past 12 months. On […]

Browse category by Economy

Bitcoin is just another tech stock, not a market hedge, study shows

Nvidia’s CEO did a Q&A with analysts. What he said and what Wall Street thinks about it.

Nvidia CEO says he was wrong about timeline for quantum, surprised his comments hurt stocks

Darden Restaurants sales disappoint as Olive Garden, LongHorn Steakhouse miss expectations

Art created autonomously by AI can’t be copyrighted, federal appeals court rules

How new professional sports leagues like SailGP are putting women at the fore

Klarna lands buy now, pay later deal with DoorDash, notching another win ahead of IPO

Amazon AI scammers duped investors out of millions with ‘passive income’ scheme, FTC alleges

First the token, now the swipe: NYC’s subway system to stop selling MetroCards

Nvidia CEO Jensen Huang says tariff impact won’t be meaningful in the near term

Klarna, nearing IPO, plucks lucrative Walmart fintech partnership from rival Affirm

AI that can match humans at any task will be here in five to 10 years, Google DeepMind CEO says

PepsiCo buys prebiotic soda brand Poppi for nearly $2 billion

‘RFK’ing the french fries’: Steak ‘n Shake becomes a MAHA darling

Plummeting stock, boycotts and flagging sales: What’s fueling turmoil for Tesla?

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