Markets

Elon Musk's X Faces Potential $75 Million Ad Revenue Loss Amidst Content Moderation Backlash

Elon Musk's social media platform, X (formerly known as Twitter), is at risk of losing up to $75 million in advertising revenue by the end of the year, as major brands are pausing their spending on the platform. According to a report by the New York Times, internal documents from X revealed that over 200 ad units of major brands like Airbnb, Amazon, Coca-Cola, and Microsoft have either halted or considered pausing advertising on the platform...

The Cost of Thanksgiving: A Historical High with a Ray of Hope

The cost of Thanksgiving, though lower than last year, will still be historically high, adding another pain point for consumers. According to the American Farm Bureau Federation’s 38th annual survey, the average cost of the classic holiday feast for 10 people this year is estimated at $61.17. That's down 4.5% from last year's record-high average of $64.05...

WeWork Co-founder Adam Neumann Flaunts 'Lavish' Florida Mansion as Company Crumbles: Report

Adam Neumann, the co-founder and former CEO of WeWork, has raised eyebrows as he showcases his opulent new home in Florida, while the beleaguered office-sharing company faces bankruptcy. According to a report by The New York Post, Neumann, who left WeWork in 2019 with a generous payout, is now living in a stunning residence in Miami. The details of his extravagant lifestyle have left many astonished, considering the current state of the company he helped build...

AI to Transform Airbnb More Than Hotels in Near Term, CEO Says

In a recent meeting in New York City, Airbnb CEO Brian Chesky shared his belief that artificial intelligence (AI) will have a greater impact on Airbnb than on hotels in the near future. Chesky emphasized the dynamic nature of the digital world, stating that AI is rapidly changing the landscape and enabling faster adaptation for companies with digital products like Airbnb...

US Credit Rating Outlook Lowered to 'Negative' by Moody's as Shutdown Looms

The U.S. credit rating outlook was lowered from 'stable' to 'negative' this week by Moody's Investors Services as another government shutdown looms. Moody's cited continued political polarization within U.S. Congress as a major concern, raising the risk that successive governments will not be able to reach consensus on a fiscal plan to slow the decline in debt affordability...