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News
Coffee Drinkers Pay $32 for a Single Cup and a Side of Luxury
4+ day, 5+ hour ago (689+ words) (Bloomberg) -- A luxury chain setting up shops across Manhattan is betting customers from Los Angeles to Chicago will be willing to pay $32 for an 8-ounce cup of coffee. OpenAI's New Device Will Be Hockey Puck-Sized and Cost Over $300 Iran Wants…...
From Milk to Snack Foods, More Products Are Going 'Regenerative"
4+ day, 9+ hour ago (903+ words) (Bloomberg) -- When Michael Ham first began handing out samples of his company's tea to Whole Foods shoppers in 2024, explaining that it was grown using regenerative farming on South Korea's Jeju Island, he was often met with blank stares. OpenAI's New…...
‘Sell America’ Debate Re-Emerges as US Policies Sow Some Doubts
5+ day, 14+ hour ago (1168+ words) (Bloomberg) -- Global bond and currency investors are debating if it's time to dust off last year's 'Sell America' trade after a flurry of economic-policy decisions out of Washington over the past two weeks. Iran Says Agreement on Hormuz Shipping Reached…...
The High-School Dropout Hiring Diplomats for Trump’s State Department
1+ week, 6+ day ago (958+ words) (Bloomberg) -- Andrew Crapuchettes, the founder of a boutique Idaho firm that specializes in headhunting conservative employees, was surfing LinkedIn when an unsolicited message appeared from an unlikely employer: the US State Department. US Intercepts Iran Attack on Bases, Puncturing Days…...
Big Tech Needs to Justify AI Spending as Investors Dump Stocks
3+ week, 1+ day ago (932+ words) (Bloomberg) -- After last week's wipeout in chips and the broader selloff in technology stocks, pressure is building for the biggest spenders on artificial intelligence to justify their expenditures to beleaguered traders with increasingly itchy fingers hovering over their sell buttons....
Russia’s Elite Are Moving Billions Beyond Putin’s Wartime Grasp
3+ week, 5+ day ago (755+ words) (Bloomberg) -- Several of Russia's richest people including some close to President Vladimir Putin have moved billions of dollars abroad in the past year after growing concerned about the country's economy and the government budget. Thailand Scraps Plan to End Visa-Free…...
US Cost for Gas Power at 17-Year High and Climbing, Lazard Says
4+ week, 1+ day ago (298+ words) (Bloomberg) -- The cost of power from natural gas-fired plants in the US hit the highest level in at least 17 years, and is poised to climb even higher as demand surges from new data centers. Lindsey Graham, Senate Hawk Turned Trump…...
US states could sue next week to block Paramount-Warner Bros deal, sources say
1+ mon, 1+ day ago (264+ words) By Dawn Chmielewski and Jody Godoy July 8 (Reuters) - U.S. states concerned that Paramount's $110 billion acquisition of Warner Bros. Discovery will hurt competition could sue to block the deal as soon as next week, two sources familiar with the matter told Reuters....
Cracking open a can of cannabis -- America's new pastime (for now)
1+ mon, 1+ week ago (599+ words) At Fourth of July barbecues this weekend, Americans are more likely than ever to crack open a can of cannabis, rather than a beer. Pot has long been associated in the United States with hippies and stoners nursing pungent joints....
Exclusive-Meta lobbies Congress for protection from child-harm lawsuits
1+ mon, 3+ week ago (491+ words) June 18 (Reuters) - Meta Platforms has lobbied the U.S. Congress for legal immunity from child-harm claims tied to social media products such as Instagram, as it faces thousands of lawsuits from young users and their families, according to a source familiar with…...