Arm, the giant British chipmaker, on Monday filed for its highly anticipated initial public offering.
Why it matters: This would be the year's largest IPO so far, with the company's American Depositary Shares (ADS) set to trade on the Nasdaq under the ticker "ARM."
Movie tickets for "Barbie," "Oppenheimer" and the rest of the season's lineup will drop to $4 — a fraction of their regular price — at theaters nationwide this Sunday.
Why it matters: The movie industry was on the verge of collapse during the pandemic, but the smash success of Barbenheimer gave it a big boost.
Bloomberg L.P. co-founder and CEO Michael Bloomberg appointed a slew of new c-suite executives to run his multi-billion dollar media and data services empire on Monday, according to an internal note obtained by Axios.
Why it matters: The changes call to question whether Bloomberg, 81, is plotting for the company's future beyond him.
Stronghold's CEO Greg Beard believes that the market is undervaluing his company versus other Bitcoin miners, but he thinks its thesis will be proven out in 2024.
Why it matters: Stronghold is a publicly traded bitcoin mining firm operating in Pennsylvania that represents its work as "environmentally beneficial," because it powers its data center by burning off waste coal and reclaiming land for humans and wildlife.
A Kennedy family scion is raising a venture capital fund to invest in startups that serve people with disabilities, plus their caregivers and family members.
Why it matters: An estimated 1.3 billion people have a significant physical or mental disability, representing 16% of the global population, according to the World Health Organization,
Roughly 200,000 to 250,000 new manufacturing jobs could be added in the U.S. over the next two years, according to a new estimate from Goldman Sachs.
Why it matters: The increase, which amounts to about 2% of current manufacturing employment levels, is partly due to the incentives and investments for the semiconductor and green technology sectors included in the Biden administration's signature bills, the Inflation Reduction Act and the CHIPS and Science Act.
Through dumb luck — emphasis on dumb — I've gotten myself into the most popular trade of the year.
Why it matters: High short-term interest rates — and no sign the Fed will cut them anytime soon — are attracting massive amounts of capital to money market funds.
A potential strike by U.S. auto workers in September would be a high-stakes problem for President Biden, who's trying to balance his push for electric vehicles with his self-description as "the most pro-union president ever."
Driving the news: The United Auto Workers worries that EV factories won't employ as many people as traditional plants, and that new battery factories spurred by the president's tax incentives will pay lower wages.
Why it matters: When chains like Kroger — which has some 2,700 stores all over the U.S. and sells sushi at two-thirds of them — turn foods from other countries, like sushi, into big business, they become dining table staples and change the national palate.
Why it matters: Students would need to earn about $72,000 a year to afford rent in America's most expensive college towns, per a new report from InMyArea.
"We've realized that just because you have a following, doesn't mean you have a customer," Marc D'Amelio, CEO of D'Amelio Brands and dad to TikTok stars Charli and Dixie, told me this week in an interview about new funding and getting into food.
Why it matters: All social media stars have to figure out the shape and limits of their popularity, and resulting financial success, as they expand their businesses.
Like much of the investing world, the boom in catalog sales — and ballooning prices across the board — during the height of the pandemic was caused by a flood of both new capital and top-tier sellers.
Why it matters: While elite music artists will continue to command top dollars, the market has since moderated.
