Business

Business: EWCF commits $45M to inaugural Esports Nations Cup

More details emerged on Thursday about the inaugural Esports Nations Cup 2026 in Riyadh, Saudi Arabia. The competition will run from Nov. 2-29 and includes a $45 million commitment from...

Business: Esports World Cup 2026 announces $75M prize pool

The 2026 Esports World Cup returns to Riyadh, Saudi Arabia, this summer with a record-breaking $75 million prize...

Business: PIF, Jared Kushner’s firm lead $55B buyout of Electronic Arts

Saudi Arabia's Public Investment Fund, Jared Kushner's Affinity Partners and Silver Lake agreed to a $55 billion takeover...

Business: Report: Astralis officially taken over by Fusion Esports Group

Danish esports organization Astralis has officially been taken over by a group called Fusion Esports Group, according to...

Business: Esports Nations Cup set to begin in 2026

An esports tournament pitting nations against each other will launch next year. The Saudi-backed Esports World Cup Foundation announced...
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Goldman Sachs begins layoff season cutting hundreds of people

Goldman Sachs is the first significant Wall Street company to act to cut costs with a drop in deal volume, and it plans to shed several...

Elon Musk Reveals One More Reason to Drop Twitter Deal – An Undisclosed Whistle-Blower Payment

On Friday, the CEO of Tesla Elon Musk added a severance payment that Twitter Inc. to a whistleblower to his list of justifications for...

$14.0 billion share buyback program announced by T-Mobile

A $14.0 billion share repurchase program has been approved by the board of directors of wireless carrier T-Mobile US, Inc., a Delaware corporation. Through...

UPS Runs the Risk of a Major Strike by Refusing to Put Driver Safety First

UPS workers are threatening to strike. If they do it will be on of the biggest strikes in U.S history. Business Insider, which noted...

Laxman Narasimhan is announced as Starbucks’ new CEO.

Laxman Narasimhan, the chief executive of Reckitt Benckiser, abruptly announced his resignation on Thursday, citing "personal and family reasons." His new family is the...

United States money-laundering and tax investigators are looking into Binance.

Binance was asked by the US to provide documents for a money-laundering investigation. Federal prosecutors submitted the request in the latter half of 2020. Changpeng...
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