Business

As game sales slump, China's Tencent signals a popular ad trend it's betting on

As game sales slump, China’s Tencent signals a popular ad trend it’s betting on

Tencent runs the ubiquitous Chinese messaging app WeChat. The company has a short video feature in the app and has started monetizing it through video ads in the feed. Tencent said such ads could become a “substantial” source of revenue in the future. Budrul Chukrut | Sopa images | Light rocket | Getty Images Tencent …

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Dodge says Charger EV concept is faster and louder than a Hellcat - TechCrunch

Dodge says Charger EV concept is faster and louder than a Hellcat – TechCrunch

Dodge unveiled an EV concept on Wednesday that looks — and even sounds — like the gas-powered Charger muscle car that will be discontinued next year. The two-door Dodge Charger Daytona SRT Concept — the Daytona name is a nod to the 200-mph NASCAR track milestone of its gas-powered ancestor — isn’t just a design …

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Bluebird's $2.8M Gene Therapy Becomes Most Expensive Drug After U.S. Approval

Bluebird’s $2.8M Gene Therapy Becomes Most Expensive Drug After U.S. Approval

Signage is on display outside the Food and Drug Administration (FDA) headquarters in White Oak, Maryland, US, Aug. 29, 2020. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 17 (Reuters) – The U.S. Food and Drug Administration on Wednesday approved bluebird bios (BLUE.O) gene therapy for patients with a rare …

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Tesla publishes rare comment denying media report's claim that a CEO has left

Tesla publishes rare comment denying media report’s claim that a CEO has left

Tesla released a rare public comment denying a media report claiming an executive has left the company. In recent years, almost every article about Tesla you read contains a version of the phrase “we’ve reached out to Tesla for a comment, but the automaker hasn’t responded.” That’s because the automaker has stopped commenting on media …

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Student earns $110 million in trading meme stock favorite Bed Bath & Beyond

Student earns $110 million in trading meme stock favorite Bed Bath & Beyond

A 20-year-old college student has made about $110 million in profit selling a stake in struggling retailer Bed Bath & Beyond, after its stock price surged during a month of frenzied trading reminiscent of last year’s meme stock boom. Jake Freeman, a major in applied mathematics and economics at the University of Southern California, acquired …

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Airbnb launches 'anti-party technology' to help hosts avoid risky bookings

Airbnb launches ‘anti-party technology’ to help hosts avoid risky bookings

Airbnb uses technology to prevent parties. The vacation rental service announced on Tuesday, August 16 that it is introducing “anti-party technology” in the US and Canada. Airbnb said it is launching tech-forward tools to help hosts “help identify potentially risky reservations and prevent those users from taking advantage of our platform,” according to the company’s …

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Wall Street Ends Down, But Indices Cut Losses Short After Fed Minutes

Wall Street Ends Down, But Indices Cut Losses Short After Fed Minutes

Fed minutes show officials are still committed to raising interest rates Retailer Target’s quarterly profit slumps Indices: Dow down 0.5%, S&P 500 down 0.7%, Nasdaq down 1.3% NEW YORK, Aug. 17 (Reuters) – US stocks closed lower Wednesday, with indices volatile after minutes from the July meeting of the Federal Reserve suggested policymakers could be …

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Jim Cramer Says Investors Should Take Some Profits With Markets Ready To Cool

Jim Cramer Says Investors Should Take Some Profits With Markets Ready To Cool

CNBC’s Jim Cramer said the market could continue to stagnate after Wednesday’s slump and urged investors to cut some of their positions. “It could still go well. I don’t want to scare you. I just think stocks need a cooling off period after this prodigious run, and we’re definitely getting one,” he said. “And you …

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Electric cars and plug-in hybrids eligible for tax credits under the Inflation Reduction Act

Electric cars and plug-in hybrids eligible for tax credits under the Inflation Reduction Act

All vehicles on both lists still have new limits on how much vehicles can cost: for SUVs, pickup trucks, and vans, the threshold is $80,000. For sedans, hatchbacks, wagons and other vehicles, the credit closes at $55,000. In other words, the Tesla Model S and Model X and the GMC Hummer are unlikely to qualify, …

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