Month: March 2025
AppLovin shares plunge 20% after third short-selling firm slams company’s ad technology
Jaque Silva | Nurphoto | Getty Images Shares of AppLovin sank 20% on Thursday, their steepest drop on record, as another short-selling firm raised concerns about the company’s digital ad technology and claimed that it’s violating app store rules. AppLovin tumbled $65.92 to close at $261.70. The stock soared more than 700% last year, the […]
Read More
Lululemon beats on earnings but issues underwhelming guidance
Lululemon store in Manhattan, New York City, U.S., on July 15, 2024. Beata Zawrzel | Nurphoto | Getty Images Lululemon beat Wall Street expectations for fiscal fourth-quarter earnings and revenue, but issued 2025 guidance that disappointed analysts. Shares of the apparel company fell about 6% in extended trading. Here’s how the company did compared with […]
Read More
This pub on a remote island in Ireland is looking for someone new to takeover—but there’s a catch
If your last name is McLoughlin, a unique opportunity awaits you on a remote island in Ireland. The McLoughlin’s Bar, located on Achill Island, was first established in 1870. The same family has run the 155-year-old pub for four generations, and its current owner, Joseph “Josie” McLoughlin and his partner, Jackie, are officially retiring. Now […]
Read More
Trump’s new auto tariffs will likely drive up car prices by thousands of dollars
Chevrolet Silverado trucks at a Chevrolet dealership in Vallejo, California, US, on Monday, March 3, 2025. Bloomberg | Bloomberg | Getty Images President Donald Trump’s steep new tariffs on imported cars will likely jack up prices for U.S. buyers of both foreign and locally made vehicles, according to Wall Street analysts. Trump on Wednesday said […]
Read More
Robinhood CEO sees Amazon-like subscription model as path to ‘loyalty’ in financial services
Robinhood CEO Vlad Tenev is betting that by rolling out a large enough portfolio of digital investment products, more consumers will be willing to pay a monthly subscription for its product suite. Subscribers to Robinhood Gold pay $5 a month or $50 a year for perks like 4% interest on uninvested cash, access to professional […]
Read More
Trump withdraws nomination of Rep. Elise Stefanik for U.N. ambassador
US Representative Elise Stefanik, Republican from New York, testifies before the Senate Foreign Relations Committee on her nomination to be Ambassador to the United Nations, on Capitol Hill in Washington, DC, January 21, 2025. Saul Loeb | Afp | Getty Images President Donald Trump on Thursday withdrew his nomination of Rep. Elise Stefanik as U.S. […]
Read More
Silicon Valley bubble risks heighten as investors pile into funds that bet on a single buzzy startup
One of the most popular acronyms in Silicon Valley these days is SPV. It stands for special purpose vehicle. In tech startup land, it’s a type of investment fund that typically involves concentrating all of its assets in one company. SPVs have blown up in recent years as investors clamor to get a piece of […]
Read More
ChatGPT’s viral image-generation AI is ‘melting’ OpenAI’s GPUs
Sam Altman, co-founder and CEO of OpenAI, speaks during the New York Times annual DealBook Summit at Jazz at Lincoln Center in New York City on Dec. 4, 2024. Michael M. Santiago | Getty Images OpenAI CEO Sam Altman on Thursday announced that viral use of ChatGPT’s new image-generation AI, introduced earlier this week, is […]
Read More
Meta debuts Friends tab, Mark Zuckerberg pushes ‘throwback to OG Facebook’
In this photo illustration, the Facebook logo is displayed on the screen of an iPhone in front of a Meta logo on October 28, 2021 in Paris, France. Chesnot | Getty Images Meta on Thursday debuted the Facebook Friends tab, a new feature that’s part of CEO Mark Zuckerberg’s pitch to revive the original spirit […]
Read More
If Chinese-built containership fines take effect, ‘we’re out of business in U.S.,’ ocean carrier says
Niche ocean carrier Atlantic Container Line is warning the fines the U.S. government is considering hitting Chinese-built freight vessels with would force it to leave the United States and throw the global supply chain out of balance, potentially fueling freight rates not seen since Covid. “This hits American exporters and importers worse than anybody else,” […]
Read More