Tariffs and costs reshape furniture prices

 

Furniture prices have climbed since 2020—up 11% for bedroom sets and 25% for living room, kitchen and dining pieces—yet industry voices note that increases trail overall inflation of nearly 26% and have eased from 2022 peaks. Makers face higher utilities, insurance and wages, while competition and offshoring keep stickers in...

Comcast weighs bid for Warner Bros assets

 

Comcast moved closer to a possible bid for select Warner Bros. Discovery assets, hiring Goldman Sachs and Morgan Stanley and gaining access to WBD’s financials, Variety confirmed via a source familiar. WBD, which began a sale process last month, is weighing offers that could merge its Warner Bros. streaming and...

Reuters report alleges Meta revenue from scams

 

Meta projected last year that 10% of its annual revenue — $16 billion — would come from fraudulent ads on its apps, according to Reuters. Documents cited by Reuters say the company failed for three years to shield users from ads for illegal gambling, investment schemes, and banned medical products....

Altman rejects government guarantees after Friar reversal

 

OpenAI is fielding questions about how to fund $1.4 trillion in data center build-outs and usage commitments this year despite a $20 billion revenue run rate, after CFO Sarah Friar floated, then retracted, a U.S. government backstop for infrastructure loans. Trump’s AI czar David Sacks said there will be no...

OpenAI calms funding fears after backstop remark

 

OpenAI scrambled to calm concerns after CFO Sarah Friar suggested the U.S. could backstop its funding, prompting backlash. She later said “backstop” muddied her point about public and private roles in building capacity. The White House’s AI and crypto czar declared there would be no bailouts, and CEO Sam Altman...

Altman details OpenAI revenue goals and ventures

 

OpenAI’s dealmaking streak in 2025 got context as CEO Sam Altman used a lengthy post on X to lay out ambitions and numbers. He said the company expects to end the year above a $20 billion annualized run rate, aims for hundreds of billions by 2030, and is looking at...

Tesla vote contrasts with New York progressive surge

 

Tesla shareholders approved a plan that could hand Elon Musk shares worth nearly a trillion dollars if the company hits ambitious targets over the next decade. The vote, in the Austin area, came two days after New Yorkers elected a tax-the-rich candidate as their next mayor. In Wall Street’s backyard,...

Disney blackout fuels YouTube TV subscriber unrest

 

One week into the blackout of ESPN, ABC and other Disney channels on YouTube TV, frustration is mounting as viewers miss college football and Monday Night Football. A Drive Research survey of 1,107 U.S. streamers found 24% have canceled or plan to cancel, 30% may switch to ESPN Unlimited or...

Trump deals cut costs for weight loss drugs

 

President Donald Trump struck landmark agreements with Eli Lilly and Novo Nordisk to cut costs for GLP-1 weight loss drugs. Starting next year, monthly out-of-pocket prices for injections and future pills will range from $50 to $350, officials said. Medicare will cover the drugs for obesity beginning mid-2026, with some...

Duolingo plunges as guidance disappoints growth focus

 

Duolingo shares plunged 27% after the language app issued lighter guidance while prioritizing user growth over near-term monetization. CEO Luis von Ahn said the company is shifting investment to long-term bets. For the quarter, bookings and adjusted EBITDA forecasts trailed estimates, and daily and monthly active users missed, though paid...