Business
All the latest news stories about the business world: mergers, IPOs, trends, personalities, and more
PayPal Eyes a Banking Upgrade
PayPal said it has applied for approval to form PayPal Bank, a move that would allow it to offer loans to small businesses and expand its financial services.
No Driver, No Problem? Tesla’s Robotaxi Moment Hits Austin
Tesla says it is now testing fully driverless Robotaxi vehicles in Austin, Texas, with no humans on board, according to CEO Elon Musk.
Starbucks Faces Potential Holiday Strike as Union Authorizes Walkout
Starbucks Workers United has authorized an open-ended strike set to begin on Red Cup Day, one of the chain’s biggest sales days.
OpenAI on Track for $20B Revenue as Altman Eyes Hundreds of Billions By 2030
OpenAI CEO Sam Altman said the AI company is projected to generate over $20 billion in annualized revenue this year.
Big Business This Week: Whatever happened to free markets?
America during Donald Trump’s presidency has embraced interventionist economic policy in a way not seen since FDR’s New Deal.
Lyft Partners With United Airlines to Let Riders Earn Miles on Rides
Lyft has teamed up with United Airlines to offer MileagePlus points to riders who link their accounts, months after ending its Delta partnership.
How DC is bringing the box office success of its films to its comics
Movie studios are comfortable digging through comic bins for hot new intellectual property, but they are not comfortable returning the favor and sharing th
Netflix Introduces New Advertising Metric as AD-Supported Tier Reaches 190M Viewers
Netflix has unveiled a new ad metric called “monthly active viewers” to highlight the reach of its ad-supported subscription tier.
IBM Announces Layoffs as A.I. Transformation Reshapes Workforce
IBM said it will lay off a “low single-digit percentage” of its global workforce this quarter, affecting a few thousand employees.
Americans’ Credit Card Debt Hits Record $1.23 Trillion as Economic Divide Widens
Americans’ credit card balances surged to an all-time high of $1.23 trillion in the third quarter, rising $24 billion from the previous period.
The Fed, Big Tech, and What’s Next: Can Markets Find Their Footing?
Chris Versace, CIO at Tematica Research and portfolio manager for TheStreet Pro, joins from the NYSE to break down the Fed’s latest move and Big Tech’s earnings
