Toyota Motor Corp. (NYSE: TM) reported a significant decline in profitability for the first nine months of fiscal year 2026, citing tariff-related costs and higher expenses, even as global vehicle demand pushed revenue higher. For the nine-month period ending Dec. 31, Toyota said operating income fell to $21.5 billion, down from $24.0 billion a year earlier. Net income declined nearly 25% year over year, falling to $20.3 billion from $26.8 billion. The automaker attributed much of the profit...
“Where's Curtis Wright, when you need him?” - Novo, probably… Well, Novo Nordisk finally had something going for it… the only oral GLP-1 weight-loss pill on the market… and still managed to get kneecapped by the refs. The FDA just told Novo to pull its TV ads because they’re “false or misleading”. (Source: Giphy) Case in point: Apparently the words “live lighters” and “a way forward” are...
Reason #5,489,765 why we can’t have nice things… While everyone was pounding wings and pretending to understand what the actual hell Bad Bunny was saying during the Super Bowl, Meta was quietly wandering into a courtroom buzzsaw in New Mexico. (Source: Giphy) In short, internal documents suggest Meta’s own people believed there were up to 500,000 cases per day of online sexual exploitation happening across Facebook and Instagram. Per day. In English-sp...
Ever since Trump’s gotten into office, the White House has talked about “bringing chips home” like it’s a Home Depot weekend project. Just pour some concrete, slap up a fab, and boom… semiconductor independence. Well Taiwan just came out again and explained that’s not how this works. In a recent TV interview, Cheng Li-chiun, Taiwan’s vice premier and top trade negotiator, said U.S. requests to move 40% of the island’s semiconductor productio...
“I promise it won’t happen again…” -Hims CEO Andrew Dudum, knowing full well, it will in fact, happen again Well… turns out the Silicon Valley mantra of “move fast and break things” hits a little different when the thing you’re breaking is federal drug law. That lesson arrived quickly for Hims & Hers, which wasted no time slamming the eject button on its would-be Wegovy clone after Novo Nordisk and the U.S. Food and Drug Administration...
A federal jury in Phoenix found Uber (NASDAQ: UBER) liable on Thursday in a lawsuit brought by a woman who said she was sexually assaulted by a driver, awarding the plaintiff $8.5 million in compensatory damages. The case was the first to reach trial among more than 3,000 similar lawsuits against Uber that have been consolidated in U.S. federal court. Jurors concluded that the driver acted as an agent of Uber, making the company responsible for his conduct. The panel declined to award punitiv...
Chinese EV maker BYD, widely seen as Tesla’s biggest arch-nemesis, has filed a lawsuit against the U.S. government to recover tariffs paid under President Donald Trump and challenge the legal authority used to impose them. In court filings, BYD argues that the administration exceeded its authority by relying on the International Emergency Economic Powers Act to levy tariffs on imported goods. The company says the statute does not authorize border taxes, noting that the law does not expl...
“Just keep it in your pants Greg, and we’ll be just fine…” -Kroger board before the introductory press conference Alright, Midwesterners, you can breathe again. Every Walmart hater’s favorite grocery chain (and the undisputed champion of wholesome, heartland-coded commercials) officially has adult supervision back in the building. And trust me, you may be having a rough start to your week… but unless you're one of Elon’s baby mama’s...
SpaceX has signaled a change in its near-term exploration priorities, telling investors it plans to concentrate first on a return to the Moon before attempting a mission to Mars, according to a report from Wall Street Journal. The privately held aerospace company is now targeting March 2027 for an uncrewed lunar landing, the report said, marking a shift from earlier public statements by founder Elon Musk, who had previously suggested a Mars mission could take place as early as 2026. SpaceX...
Kalshi started out letting people bet on who would win Best Picture or the White House. Now it wants permission to do something with way loftier ambitions... trade prediction markets on margin. The U.S.-regulated prediction market is quietly pushing the Commodity Futures Trading Commission for approval to allow margin trading… a move that would reshape who shows up to trade, how much capital flows in, and how seriously regulators treat “event contracts.” According to...
Google just gave “kicking the can down the road” a whole new meaning… In case you needed another flashing neon sign that this AI boom is drifting from “ambitious” into “historically unhinged,” Google’s latest move should do it. The internet OG is planning to sell a 100-year bond. And no that’s not a metaphor or typo. That’s an actual century-long IOU that doesn’t come due until around 2126, a year when Google Search may exi...
MrBeast just looked at YouTube ad revenue and said, “Cool, but what if I also owned your debit card?” In a move that feels extremely on-brand for the internet’s most aggressive philanthropist-capitalist hybrid, MrBeast (real name: Jimmy Donaldson) just bought a fintech company. Beast Industries (the ever-expanding corporate mothership behind horrible tasting chocolate bars, reality shows, and cash giveaways for things like “who can sit on the toilet the longest...
Started from the bottom now we’re here… Well, like I told you on Friday, the rally that spoiled Michael Burry’s fever dream of a recession set the tone for this Monday. The S&P 500 logged a second straight gain, up 0.47%, the Nasdaq Composite tacked on nearly 1%, and the Dow Jones Industrial Average absolutely printed another all-time high after playing just the tip with 50,200. (Source: Giphy) Of course, a few stocks were actively on fire (w...
Just days after aligning itself with Novo Nordisk in a legal fight against Hims & Hers over copycat versions of Wegovy, the U.S. Food and Drug Administration has warned the drugmaker that a television advertisement for its newly launched Wegovy pill contains “false or misleading” claims. In a letter dated February 5, the FDA said the ad misbrands the oral version of Wegovy, making its continued distribution a violation of federal law. The agency requested that Novo take immedi...
Monday.com (NASDAQ: MNDY) said it expects lower-than-anticipated operating income and revenue growth in the coming periods, sending its shares down more than 21% on Monday. The project management software company reported fourth-quarter adjusted earnings of $1.04 per share, exceeding the 92 cents expected by analysts surveyed by LSEG. Revenue for the quarter rose 25% year over year to $333.9 million, topping the $329.6 million consensus estimate. Despite the earnings beat, the company issu...
Chinese EV maker BYD, widely seen as Tesla’s biggest arch-nemesis, has filed a lawsuit against the U.S. government to recover tariffs paid under President Donald Trump and challenge the legal authority used to impose them. In court filings, BYD argues that the administration exceeded its authority by relying on the International Emergency Economic Powers Act to levy tariffs on imported goods. The company says the statute does not authorize border taxes, noting that the law does not expl...
Trump is about to say “lawyer up” so mf’ing loud... In case you've been too hungover to notice this morning (which honestly, is fair considering last night's Super Bowl was hands down the most boring a$$ Super Bowl in history)... BYD just got its Better Call Saul on as it filed suit against the U.S. government, aiming straight at Trump-era tariffs and asking for a full refund on everything it’s paid since last April. (Source: Giphy) To be clear, this is...
“Dad, what was Eddie Bauer like before it became a mall ghost?” Pour one out for the fleece vest you bought your dad in 2007 that he refuses to wear. Eddie Bauer, the 106-year-old outdoor legend that once outfitted Everest climbers and WWII troops, has officially filed for Chapter 11… again. Not the brand itself (that thing is practically immortal), but the operator of its North American stores. Essentially… the lights are on, the rent is late, and the mannequins...
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