We’re a little over halfway through 2026, and frankly, so far it’s been a weird year. I was thinking about that in the context of this week’s Term Sheet Podcast with Josh Wolfe, Lux Capital cofounder and backer of companies…
The luxury sector is weathering crosswinds at the moment: On the one hand, military conflict in the Middle East has sent high-earning consumers scattering from the region and purse strings tightening. On the other hand, the emergence of AI and…
For much of its existence, Reddit has occupied the internet’s stranger fringes. Users vote posts up or down, propelling some to viral fame (or infamy), and organize themselves into communities, known as subreddits. At its worst, the site has harbored…
As the saying goes, watch the pennies and the pounds look after themselves. But as it turns out, even some of the wealthiest people on the planet follow the money-saving mantra, well after they’ve made it. IKEA’s billionaire founder, Ingvar…
A murderer’s row of hedge fund managers agree on one investment move: Amazon is a bargain megacap stock in the artificial intelligence trade that looks expensive. During the most recent quarters, a roster of money managers including David Tepper‘s Appaloosa…
Americans are expected to spend a record $26.3 billion during Amazon’s four-day Prime Day sale — and almost none of it feels celebratory. The summer of “butter yellow,” the shade of consumer anxiety, comes with an earlier-than-ever flagship event for…
As Silicon Valley debates whether AI will replace millions of office workers, one of the executives building the technology’s underlying infrastructure says Gen Z shouldn’t buy into the apocalyptic job displacement predictions. Matt Garman, CEO of Amazon Web Services, argued…
For decades, arms sales went in one direction: the U.S. and Western Europe designed and supplied the world’s most advanced weapons, and Asian countries bought them. But that flow is quickly reversing as Asia, once an arms importer, is now…
“Today” show host Savannah Guthrie made an emotional appeal to viewers Tuesday to come forward with any information about her missing mother, a day after news organizations said a ransom note received months ago had indicated that she was dead. “We are…
It was the 10th time the Senate has tried to stop the war, and the outcome, on a vote of 50-48, was a stunning turnaround from past efforts. While the resolution is largely symbolic, and does not carry the full…