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Luxury retail giant Saks files for bankruptcy

Saks Global, which owns the iconic Saks Fifth Avenue department store, has filed for bankruptcy. Jimin Kim / SOPA Images/Reuters Saks Global has filed for Chapter 11 bankruptcy protection. The luxury ...

Jan 14Business Insidereconomics

Bitcoin, Solana Break Below Key Price Support: Here’s What the Charts Are Saying

Bitcoin and Solana have both fallen out of what traders call a "golden cross"—and hard. Prediction market traders are shifting their bets, with bullish sentiment fading fast....

5dDecryptcryptocurrencyImpact

Microsoft scrambles to quell fury around its new AI data centers

It looks like the wave of campaigns against data centers are getting under big tech companies' skin - and Microsoft is the latest giant to promise to address frustrations on the ground in communities ...

Jan 13The VergeTechnologyImpact

5 acquisitions, winning over skeptical engineers, and spending tens of millions: Inside a public company's 'AI native' push

Amplitude has sent 'tens of billions' on its AI transformation. Amplitude Amplitude gave Business Insider an inside look at its AI overhaul, from acquisitions to employee upskilling. CEO Spenser Skate...

1dBusiness InsiderTechnology

I'm a designer, and Saks was my biggest customer. Now it owes me six figures, and I'm fighting to keep my business viable.

Fisayo Che, the founder of fashion brand Elisamama, counted on Saks for more than half of her business. The company's bankruptcy has left her questioning a yearslong partnership. Courtesy of Fisayo Ch...

4dBusiness InsidereconomicsImpact

Vimeo lays off ‘large portion’ of staff after Bending Spoons buyout

Vimeo is laying off employees around the globe just months after the Italian software company Bending Spoons acquired the platform for $1.38 billion , as reported earlier by Business Insider . Even th...

3dThe VergeTechnologyImpact

OpenAI’s 2026 ‘focus’ is ‘practical adoption’

OpenAI plans to focus on "practical adoption" of AI in 2026, according to a blog post from CFO Sarah Friar . As the company spends a huge amount of money on infrastructure, OpenAI is working on "closi...

6dThe VergeTechnologyImpact

Lawsuit Claims Hasbro Misled Investors Regarding Sales of Controversial Magic: the Gathering Anniversary Set

A new lawsuit filed by shareholders of Hasbro against the company and its directors alleges that company leadership has mismanaged Magic: The Gathering by overprinting sets of cards, thereby devaluing...

2dIGNeconomicsImpact

Vimeo is laying off staff globally after its $1.38 billion sale to Bending Spoons

Cheng Xin/Getty Images Vimeo is laying off staffers globally in a new round of cuts. The job cuts arrived a few months after tech holding company Bending Spoons bought Vimeo. It's Vimeo's second round...

4dBusiness InsiderTechnologyImpact

I left my job to run the family business. We generated $255 million in revenue last year, but I don't want my daughters to take over.

David Heacock left his job to run the family business. Courtesy of David Heacock David Heacock's grandfather founded a machinery business in Alabama. His dad told him not to work in the family busines...

3dBusiness InsidereconomicsImpact

AI voice start-up ElevenLabs in funding talks at $11bn valuation

Fundraising would transform company into UK’s most highly valued AI start-up...

Jan 16Financial TimesTechnologyImpact

Bumble's chief product officer is out. Read CEO Whitney Wolfe Herd's memo about the 'need to sharpen our focus'

Bumble is restructuring to centralize its product, engineering, and design under one leader. As a result, chief product officer Michael Affronti has left the company after holding the role for a year....

5dBusiness InsiderTechnologyImpact

Capital One bank buys stablecoin fintech Brex for $5.15B

Capital One’s acquisition of Brex comes just months after the payment company launched support for stablecoins....

3dCoinTelegrapheconomicsImpact

Rheinmetall in talks over Starlink-style service for German army

Tank producer negotiating with satellite company OHB over bid for slice of country’s €35bn military space budget...

14hFinancial TimesTechnologyImpact

MrBeast Eyes DeFi as Tom Lee's Ethereum Treasury BitMine Invests $200 Million

BitMine Immersion Technologies unveiled a $200 million investment in Beast Industries, a company founded by YouTube creator MrBeast....

Jan 15DecryptcryptocurrencyImpact

Oil services giant SLB to pounce on Trump’s Venezuela opening

Shares in the world’s largest oilfield services company have risen by 14% since US capture of Nicolás Maduro...

Jan 14Financial TimesPoliticsImpact

Binance Files for MiCA License in Greece Ahead of July 1 EU Deadline

Binance’s application for MiCA is reportedly being fast-tracked, after the exchange established a holding company in Greece in December....

3dDecryptcryptocurrencyImpact

Polygon Labs Bolsters Stablecoin Payments Push, Acquiring Coinme and Sequence

Polygon Labs signaled that it’s becoming a regulated payments company by acquiring Coinme and Sequence for a combined $250 million....

Jan 13Decryptcryptocurrency

Asus says it’s dropping the RTX 5070 Ti as the memory shortage squeezes supply

On Thursday, Hardware Unboxed reported that Asus is winding down production of its RTX 5070 Ti, saying, Asus "explicitly told us this model is currently facing a supply shortage and, as such, they hav...

Jan 15The VergeTechnologyImpact

Steak 'n Shake announces $10M notional increase on Bitcoin holdings

The company began accepting Bitcoin as a method of payment in May 2025, following hundreds of store closures between 2018 and 2025....

Jan 17CoinTelegrapheconomicsImpact
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