Lego will cut 1,400 jobs as part of a broad overhaul of its strategy after a decade of rapid growth. The job cuts, which account for roughly 8% of the toymaker’s workforce, were announced alongside a drop in profit and sales for the first
Bitcoin fans are being offered first dibs on 150 apartments in a new Dubai development. Aston Plaza and Residences is offering studios for 30 bitcoin, and one-bedroom apartments for about 50 bitcoin ($242,000), although the prices may vary because they’re pegged to the dollar.
1. Irma spooks markets: Hurricane Irma is moving through the Caribbean, pushing up commodity prices and applying pressure to travel stocks. The price of orange juice futures for November delivery spiked 6.5% on Wednesday. U.S. oil futures rose 0.4% to trade just below $49 per
President Trump risks doing more harm than good with his latest rhetoric over North Korea. After Kim Jong Un’s regime carried out its biggest nuclear test so far on Sunday, Trump fired off a series of tweets, including a warning that he’s considering “stopping all trade
President Trump and Republicans want to rip up rules on big banks. But Wells Fargo (WFC) keeps getting into serious trouble, undermining the president’s deregulation agenda. After creating a national firestorm last September because it created millions of fake accounts, the No. 2 U.S. bank landed in