Amazon has rolled out a new online store called Haul, designed to compete with super-cheap e-commerce giant Shein. The idea is simple: everything costs less than $20. Most items will be even cheaper, with some as low as $1. 79. You might find things like a set of jewelry for $2. 99 or an iPhone case
Hey there! Did you know that the average rate for a 30-year mortgage in the US just dropped a bit? It went from 6. 79% to 6. 78%, ending a six-week rise. Why is this happening? Well, mortgage rates are like a mirror reflecting the 10-year Treasury bond yields, which have recently been bouncing aroun
Embracer, a big player in the gaming and entertainment industry, just released its report for the second quarter of 2024. The numbers aren't great: the company saw a 21% drop in net sales for its gaming group, down to around $782 million. Their entertainment and services division also took a hit, wi
Diamond Sports Group, owners of regional sports networks, has gotten the green light to emerge from bankruptcy. This happened at a recent hearing in US Bankruptcy Court in Houston. The company entered Chapter 11 in March 2023 with a massive debt of $8. 67 billion. Now, they are leaving with much les
Starting December 4, Disney+ subscribers in the U. S. will get a new "tile" on their home screen. This tile won't be for another Disney movie or show, but for ESPN content. That's right, Disney+ is getting into the sports streaming game! But don't get too excited just yet. While there will be some f
Dan Loeb's hedge fund, Third Point, rearranged its investments in the third quarter, with a notable move into Tesla. They opened a $105 million stake in the electric vehicle company, which saw its shares surge by over 32% during the period. This increase can be linked to investors' optimism about Te
In the world of technology, a company named IntelliEPI is making big waves. They're expanding their operations with a new 30, 000-square-foot semiconductor wafer facility in Allen, Texas. This isn't just any expansion; it's a game-changer that will nearly triple their annual production. How are they
Meet Puzzle, a San Francisco-based fintech startup that's redefining accounting with its AI-powered platform. This tool automates up to 90% of routine tasks, freeing up accountants to focus on strategy. The platform tackles complex jobs like revenue recognition and asset depreciation, which usually
The European Union has slapped Meta, the company behind Facebook, with a massive $840 million fine. This penalty comes from the European Commission, the EU's antitrust watchdog, which found that Meta used its power unfairly in the world of online classified ads. The commission believes Meta took ad
In a twist of events, business owners around the corner where George Floyd was tragically killed in 2020 are taking legal action against the city of Minneapolis. They want the city to take over their properties and compensate them for losses. The businesses, including the former Cup Foods (now Unity
