Business News

William Koo Ichioka has been ordered to pay over $36 million after admitting to a forex and digital asset fraud scheme. His scam, which started in 2018, involved falsifying financial documents and misusing investor funds...

Ted Colbert, the head of Boeing's defense, space, and security division is leaving the company effective immediately, CEO Kelly Ortberg announced.

JPMorgan Chase sees the possibility of the Federal Reserve making another significant rate cut in November, possibly by 50 basis points. The bank, which predicted this week’s half-point cut, believes further reductions...

Lower interest rates might seem like a boon for buyers, but builders are facing a host of problems preventing them from bringing more housing supply.

Boomers' net worths could be hit by falling stock and home prices. That's bad news for the entire economy, a portfolio manager says.

China boasts impressive shipbuilding capacity across its industry, but a few key yards play a greater role in its naval buildup.

Sangmin Seo, chairman of the Kaia DLT Foundation, asserts that China’s crackdown on the crypto industry, which led to its loss of dominance in bitcoin mining, has resulted in the decentralization of Asia’s crypto inf...

Starbucks is trying to improve cafes and cut wait times with the Siren Craft System, but an employee says it's not the solution the company claims.

"He's preparing for the unvirtuous cycle," says top-1% investor Bill Smead.

The US Securities and Exchange Commission isn't happy that Elon Musk missed court-ordered testimony for its Twitter probe to attend a SpaceX launch.

Qualcomm approached Intel about a takeover deal, the WSJ reported. Meanwhile, Intel is planning a separate foundry subsidiary and staff cuts.

TikTok has hired a powerful new voice to fight its corner, as it steps up its fight against a congressional ban on the app. The Chinese owned video sharing platform appears to be gearing up for a lengthy legal fight whic...

According to information from the Salvadoran Ministry of Foreign Affairs, Compass Coffee, a U.S.-based coffee company, has completed an international purchase of Salvadoran coffee using bitcoin. Jorge Cruz, the Salvadora...

A hotel operator based in India is acquiring the budget motel chain Motel 6 from Blackstone for $525 million, the New York-based investment firm announced Friday.

Reshoring efforts are bringing manufacturing back stateside. BofA says these companies are poised to benefit the most.

As a personal chef shopping for my family, some of my favorite things to get at Trader Joe's include avocados, French-roast coffee, and salmon.

Cards Against Humanity says SpaceX and Elon Musk — a "richer, more racist billionaire" than Donald Trump — of trespassing on its Texas land in a lawsuit.

Metrics reveal that although BTC prices climbed 6.97% in September, Bitcoin’s hashprice—the anticipated daily revenue from 1 petahash per second (PH/s)—remains ultra-low. This suggests that miners are still dealing...

AI expert Yoshua Bengio said OpenAI's o1 highlights the need for stronger regulatory oversight for advanced AI models.

Hasan Minhaj didn't necessarily plan to add investor to his already burgeoning resume. Instead, the opportunity presented itself in a cup of smooth, spicy chai. Nine months after his first sip of the Kolkata Chai Co.'s s...

Jeff Bezos praised Lauren Sánchez' children's book on Amazon. The next day, a yoga instructor sued Sánchez for theft of intellectual property.

The spot bitcoin and ether exchange-traded funds (ETFs) experienced a second consecutive day of inflows, as both categories of funds posted gains. On Friday, spot bitcoin ETFs drew in $92 million, while spot ether ETFs c...