Business

Geopolitical flare ups are helping to temper venture capital’s decades-long love affair with software and spark a greater interest in defense technology, according to several startup investors. The wars in Ukraine and Israel have spurred venture capitalists to open their pocketbooks for  so-called defense tech, the equipment and systems used to defend national interests, according to a report from AIN…

Last month, Donald Trump and the Republican National Committee seemed to have gained a firm financial advantage over Democrats after trailing earlier this year. Following Trump’s felony conviction on May 30 and President Joe Biden’s rocky debate performance on June 27, money came pouring into his and the R.N.C.’s war chests while Democrats burned through cash. As of the end…

Earlier this month, Colorado Gov. Jared Polis declared a disaster emergency not for the wildfires common to the Centennial State this time of year, but for a bird flu outbreak at a commercial poultry facility in Weld County, north of Denver. Now, several workers at the egg farm who had been culling poultry in response to the spread of avian…

John Fieldly, 44, is revved up. The CPA-turned-energy-drink evangelist is the president, CEO, and chairman of Celsius Holdings, the ubiquitous energy drink known for its proclaimed calorie-burning abilities—up to 140 calories per bottle consumed, the company claims. If that weren’t enough to endear itself to gym rats, it also comes in over 30 zany flavors like kiwi-guava.  If you ask…

Introduction In the world of all-terrain vehicles (ATVs), the Apollo Series 125cc Commander DLX stands out as a top contender for enthusiasts and utility users alike. With its fully automatic transmission and reverse functionality, this ATV offers a perfect blend of power, convenience, and reliability. What makes it even more appealing is its California legal status, ensuring you can enjoy…

The tiny, translucent disks are increasingly adorning the faces of Gen Z and millennials when a pimple appears, and over 1 billion of the brand’s signature hydrocolloid patches have sold thus far. Manufacturer Hero Cosmetics also recently netted a partnership with content creator Alix Earle.  Founder and CEO Ju Rhyu told Fortune she came up with the idea for the…

There’s no avoiding the hype surrounding AI these days. Promises of new developments like personal robot assistants and miracle cancer cures are ubiquitous as executives take every opportunity to emphasize their AI chops to enthusiastic investors—and slightly less enthusiastic consumers. Not everyone has been blown away by the AI fanfare, however. James Ferguson, founding partner of the UK-based macroeconomic research…

The reigning NBA champion Boston Celtics are going on the market. The team’s ownership group, Boston Basketball Partners LLC, has decided to sell the franchise for estate and family planning considerations, according to a Celtics statement. The owners expect to sell a majority interest this year or early 2025, with the remainder closing in 2028.  The Celtics are going on…

Meme-stock king Keith Gill—also known as ‘Roaring Kitty’—seems to be losing his golden touch. Shares of the viral stock picker’s newest target, the online pet retailer Chewy, fell more than 6.5% on Monday even after Securities and Exchange filings revealed his $245 million stake over the weekend. Chewy stock soared last Thursday after Gill simply posted a photo of a…

Once the mall epicenter of cheap jeggings and sequined halter tops, fast-fashion brand Forever 21 is reeling from financial problems, which have only been exacerbated by the rise of e-commerce behemoths like Shein. Forever 21 is asking some of its landlords for a break on rent—up to 50% on some of its 380 U.S. locations, people familiar with the situation…