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Money-losing companies with colorful histories have pivoted to crypto

A marketer of shark-repellant sunscreen. A maker of chocolate-flavored whiskey. A seller of a drink that promises to quickly lower blood-alcohol levels. Until recently, these businesses had significant losses and floundering stock prices in common. Now, they’re members of a legion of publicly traded companies ...
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Analysis-Labubu resale price falls may be more about supply than demand

By Casey Hall and Sophie Yu SHANGHAI (Reuters) -Kasidit Teerawiboosin, 22, has ridden the wave of Labubu’s success as a reseller in Thailand of toys from Pop Mart, but the days of easily making money flipping the toothy-grinned monsters are numbered. “Prices in the Thai resale ...
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Hegseth changes policy on how Pentagon officials communicate with Congress

WASHINGTON (AP) — Leaders at the Pentagon have significantly altered how military officials will speak with Congress after a pair of new memos issued last week. In an Oct. 15 memo, Defense Secretary Pete Hegseth and his deputy, Steve Feinberg, ordered Pentagon officials — including ...
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Trump administration plans new probe into global drug pricing, FT reports

(Reuters) -President Donald Trump’s administration is preparing a new probe into drug pricing practices among U.S. trading partners, a move that would lay the ground for fresh tariffs, the Financial Times reported on Wednesday, citing sources familiar with the matter.  Reuters could not immediately verify ...
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Prince Harry, Meghan join call for ban on development of AI ‘superintelligence’

Prince Harry and his wife Meghan have joined prominent computer scientists, economists, artists, evangelical Christian leaders and American conservative commentators Steve Bannon and Glenn Beck to call for a ban on AI “superintelligence” that threatens humanity. The letter, released Wednesday by a politically and geographically ...
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Trade with Africa not a game of Minecraft, says Nigerian minister

By Jana Choukeir and Nayera Abdallah ABU DHABI (Reuters) -Rich countries should not approach trade with Africa as a game of Minecraft in which they secure supplies of natural resources, but rather as a relationship based on mutual respect and the need for Africa to ...
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Opening statements Wednesday in trial of ex-Illinois officer who killed Sonya Massey

SPRINGFIELD, Ill. (AP) — Fifteen months after Sonya Massey, a Black woman who had called 911 for help, was killed in her home, the former police officer who fired the fatal shot is set to go on trial. Sean Grayson, 31, a former deputy for ...
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Hilton cuts 2025 room revenue forecast on subdued US travel demand

(Reuters) -Hotel operator Hilton Worldwide slashed its forecast for 2025 room revenue, signalling that weak travel demand would persist as consumers dial down discretionary spending. Travel demand in the U.S. has taken a hit as households worry that a shifting tariff policy could push ...
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Morning Bid: Gold recoils and Netflix disappoints

By Mike Dolan -What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Gold’s stellar climb this year has hit the buffers and streaming giant Netflix disappointed Wall Street with its latest earnings, stopping stock markets in their tracks as trade and ...
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New Mexico villages face flooded homes, poisoned wells years after wildfire

By Andrew Hay MORA, New Mexico (Reuters) -Three muddy torrents rage through Victoria Lovato’s northern New Mexico ranch when it rains hard, born of the state’s biggest ever wildfire that burned through mountains above her land over three years ago. It is this kind of deadly, ...
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Netflix slumps as revenue forecast disappoints lofty investor expectations

By Kanchana Chakravarty -Netflix shares fell 7% in premarket trading on Wednesday after the streaming giant’s fourth-quarter revenue outlook failed to impress investors despite a strong line-up of shows, including the final season of “Stranger Things”. The tepid outlook undermines the company’s run of strong revenue ...
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Volkswagen warns staff Nexperia dispute could disrupt output

By Ilona Wissenbach BERLIN (Reuters) -Volkswagen has alerted staff to the risk of short-term manufacturing disruptions because of a dispute over chipmaker Nexperia, it said on Wednesday. A company spokesperson told Reuters that VW had issued an internal letter to staff saying production had not yet ...
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