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Meta Shifts Metaverse Strategy to Smart Glasses
Meta is pivoting its multibillion-dollar metaverse strategy toward smart glasses, preparing to unveil its most advanced pair yet, codenamed “Hypernova”.
FDA takes aim at Hims & Hers, weight loss drugs in new advertising blitz
The Trump administration has issued its first warnings to online services that offer unofficial versions of popular drugs like the blockbuster obesity treatment Wegovy.
By Matthew Perrone
McDonald’s will invest $200 million in regenerative cattle ranches
McDonald’s said Monday it plans to invest $200 million over the next seven years to promote regenerative agriculture practices on cattle ranches.
By Dee-ann Durbin
How much for matcha? Prices for the popular powdered tea soar
The world’s fondness for matcha is about to be tested by steep price increases.
By Dee-ann Durbin
videos
The Fabric of Success: BrilliA’s CEO on Innovation, IPO, and Market Leadership
Kendrew Hartanto, CEO of BrilliA (NYSE: BRIA), shares how the company stitched its path to IPO and redefined leadership in women’s undergarments.
Latest
Big Business This Week: Oracle soars as it cashes in on the AI boom
Oracle soars as it cashes in on the AI boom, Plus: Starbucks shares continue to fall under its new CEO, and does anybody actually want a new iPhone Air?
FTC inquiry probes AI chatbots acting as companions, effects on kids
The Federal Trade Commission has launched an inquiry into several social media and artificial intelligence companies about the potential harms to children and teenagers who use their AI chatbots as companions.
Trump admin requests emergency ruling to remove Cook from Fed board
The Trump administration has asked an appeals court to remove Lisa Cook from the Federal Reserve’s board of governors by Monday, before the central bank’s next vote on interest rates. Trump sought to fire Cook Aug. 25, but a federal judge ruled late Tuesday that the removal was illegal and reinstated her to the Fed’s board.
Why are Marvel movies losing more money, lately?
Ever since Disney paid $4 billion for the Marvel franchise in 2009, their movies have been making less and less money. What’s going on?
Klarna shares jump 30% on Wall Street debut
Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Wall Street ticks toward more records as inflation slows and Oracle soars
Wall Street is heading for more records.
Trump administration appeals ruling blocking firing of Fed Governor
President Donald Trump's administration is appealing a ruling blocking him from immediately firing Federal Reserve Gov. Lisa Cook as he seeks more control over the traditionally independent board. The notice of appeal was filed Wednesday, hours after U.S. District Judge Jia Cobb handed down the ruling. The White House insists the Republican president had the right to fire Cook over mortgage fraud allegations involving properties in Michigan and Georgia from before she joined the Fed. Cook's lawsuit denies the allegations and says the firing was unlawful. The case could soon reach the Supreme Court, which has allowed Trump to fire members of other independent agencies but suggested that power has limitations at the Fed.
Musk loses crown as world’s richest to software giant Larry Ellison
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
The Man Studios Listen To: Kevin Goetz on Testing 3,000+ Films at Screen Engine
Kevin Goetz, CEO of Screen Engine, shares how testing 3,000+ films—including Barbie—helps studios shape stories audiences love.
Scaling Prefab with AI: Dextall CEO Aurimas Sabulis Tackles Housing Crisis
Aurimas Sabulis, CEO of Dextall, unveils how AI‑driven prefabricated façades slash design time by 80%, labor by 87%, and accelerate affordable housing delivery.
Home Prices Continue to Rise Despite Declining Sales
U.S. home sales slowed to their weakest pace in nearly 14 years, with rising mortgage rates and affordability concerns affecting market activity.
Jobs Report Underwhelms as Job Growth Stalls
Mark Hamrick of Bankrate helps make sense of the jobs report despite inflation but warns that uncertainty around tariffs could disrupt growth.
Stocks tick higher after Wall Street flirts with another record
Stocks nudged higher ahead of a week with several data reports that could dictate by how much or even whether the Federal Reserve will cut interest rates at its next meeting in a week.
Chief justice lets Trump remove member of Federal Trade Commission for now
Chief Justice John Roberts has let President Donald Trump remove a member of the Federal Trade Commission, the latest in a string of high-profile firings allowed for now by the Supreme Court.
Star Trek plans Lego sets for the franchise’s 60th anniversary
Not many franchises have fueled society’s timeless fascination with the boundless possibilities of a utopian future like “Star Trek.”
