Business

 

Bulgaria’s Euro Day 3: Currency Switch Proceeds Smoothly Despite Deep Public Skepticism

Bulgaria’s euro adoption enters day 3 with smooth technical transition but deep public skepticism. 57% opposed adoption, 63% wanted referendum.

 

Bulgaria Adopts Euro But Half the Country Didn’t Want It — Here’s What It Means for Working People

So Bulgaria ditched the lev at midnight on New Year’s Day and officially became the 21st member of the eurozone.

 

8,200 Stores Gone in 2025 and Nobody in a Corner Office is Losing Sleep

Over 8,200 US stores closed in 2025, a 12% jump from last year. Forever 21, Party City, Rite Aid, and Joann all shuttered as retail continues its painful transformation.

Santa Claus Rally Pushes S&P 500 Near Records as Wall Street Eyes 2026

The holiday week was good to investors. Real good. The S&P 500 climbed about 2.3% for the shortened trading week.

Nvidia Just Spent $20 Billion on Groq and Nobody Can Figure Out Why

Nvidia acquires AI chip startup Groq for $20 billion in unusual asset deal that lets GroqCloud stay independent while founders join the GPU giant.

Trump Just Killed 5 Offshore Wind Projects and Thousands of Jobs With One Move

The Trump administration suspended leases for five major offshore wind projects citing national security concerns two weeks after a federal judge blocked his previous attempt to stop them.

Ryanair Just Got Slapped With a 255 Million Euro Fine for Being Ryanair

Italy fines Ryanair 255 million euros for abusing market dominance by blocking travel agencies from selling tickets through systematic anti-competitive practices.

Tesla Stock Inches Toward $500 as Wall Street Argues About What Tesla Even Is

Tesla stock approaches $500 as Wall Street remains deeply divided with price targets ranging from $247 to $600 amid robotaxi optimism and declining delivery forecasts.

TikTok Finally Signs the Damn Divestment Deal and Nobody Knows if It Actually Solves Anything

After literally years of this back-and-forth nonsense TikTok CEO Shou Chew sent out an internal memo Thursday saying they signed